JSSS(SH:600220)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 8.42% to CNY 84,506,571.73 year-on-year[6] - Operating income for the first nine months was CNY 1,729,708,056.47, a decrease of 2.59% compared to the same period last year[6] - Total operating revenue for Q3 2019 was CNY 646,637,637.29, a decrease from CNY 719,134,733.97 in Q3 2018, representing a decline of approximately 10.1%[22] - Net profit for Q3 2019 was approximately ¥52.95 million, down 7.4% from ¥57.29 million in Q3 2018[24] - The company reported a total profit of ¥87,905,315.38 in Q3 2019, compared to ¥62,437,431.64 in Q3 2018, an increase of 40.9%[27] Assets and Liabilities - Total assets increased by 5.57% to CNY 5,146,219,113.48 compared to the end of the previous year[6] - Total liabilities increased, with short-term borrowings rising to ¥1,881,229,000.00 from ¥1,610,878,440.00, reflecting a higher leverage position[15] - Total assets as of September 30, 2019, amounted to CNY 5,029,692,256.48, up from CNY 4,713,360,947.21 at the end of 2018, marking an increase of about 6.7%[19] - Total liabilities as of September 30, 2019, were CNY 2,831,505,172.47, compared to CNY 2,552,148,996.62 at the end of 2018, representing an increase of approximately 10.9%[19] - The total liabilities of the company amounted to approximately ¥2.43 billion[39] Cash Flow - Net cash flow from operating activities increased by 132.46% to CNY 365,435,049.89[6] - Total operating cash flow for the year-to-date reached ¥365,435,049.89, an increase of 132.46% compared to ¥157,200,054.07 in the previous year[11] - Cash flow from operating activities for the first nine months of 2019 was ¥365,435,049.89, significantly higher than ¥157,200,054.07 in the first nine months of 2018, marking an increase of 132.5%[31] - The total cash outflow for operating activities was CNY 1,513,763,045.98 in Q3 2019, compared to CNY 921,803,388.58 in Q3 2018, an increase of 64.3%[35] Shareholder Information - The number of shareholders reached 122,499, with the top ten shareholders holding a combined voting power of 31.52%[7] - The total equity attributable to shareholders was CNY 2,198,187,084.01 as of September 30, 2019, compared to CNY 2,161,211,950.59 at the end of 2018, reflecting an increase of about 1.7%[20] Investment and Income - Investment income surged to ¥29,510,467.81, reflecting a 442.43% increase from ¥5,440,416.25 due to dividends received from investments[10] - The company reported a total of CNY 2,389,932.07 in non-operating income for the current period[7] - The company recorded investment income of ¥72,342,067.81 in the first nine months of 2019, compared to ¥42,330,966.25 in the same period of 2018, reflecting a growth of 70.9%[31] Changes in Assets - Cash and cash equivalents increased by 68.85% to CNY 685,481,201.41 due to increased borrowings[9] - Accounts receivable rose by 30.61% to CNY 121,066,585.29, attributed to an increase in bank acceptance received from customers[9] - Prepayments decreased by 68.99% to CNY 3,636,729.62 as prior prepayments were settled with goods received[9] - Other non-current assets dropped by 77.16% to ¥16,760,075.02 from ¥73,374,004.70, mainly due to a reduction in prepaid project payments[10] Financial Adjustments and Standards - The company adopted new accounting standards for financial instruments and leases effective January 1, 2019, impacting the measurement and reporting of financial assets[43] - The company transitioned to the expected credit loss method for bad debt provisions on accounts receivable and other receivables[43] - The company reported a retained earnings adjustment of 118,147.92, reflecting changes in accounting estimates[43]