JSSS(SH:600220)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders was CNY -10,096,091.24, a decline of 111.95% year-on-year[5] - Operating revenue for the first nine months was CNY 1,354,047,643.84, down 21.72% from the same period last year[5] - Net profit for Q3 2020 decreased by 95.59% to ¥4,638,866.74 compared to ¥105,308,805.97 in the same period last year[11] - Investment income dropped by 80.28% to ¥5,820,724.49 from ¥29,510,467.81 year-on-year[11] - The company anticipates a significant decline in cumulative net profit for the year due to the impact of COVID-19 and economic downturn[12] - Total operating revenue for Q3 2020 was CNY 562.33 million, a decrease of 13.0% compared to CNY 646.64 million in Q3 2019[21] - Total operating costs for Q3 2020 were CNY 522.20 million, down 11.7% from CNY 591.62 million in Q3 2019[21] - Net profit for the first three quarters of 2020 was CNY 192.10 million, a decrease of 11.5% compared to CNY 217.06 million in the same period of 2019[21] - The total profit for Q3 2020 was CNY 35.84 million, a decrease of 52.1% from CNY 74.90 million in Q3 2019[24] - The company reported a total profit of CNY 65,297,636.09 for Q3 2020, down from CNY 87,905,315.38 in Q3 2019, marking a decline of approximately 25.8%[26] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -148,796,239.47, a decrease of 140.72% compared to the previous year[5] - Cash flow from operating activities for the first three quarters of 2020 was negative at CNY -148,796,239.47, compared to a positive CNY 365,435,049.89 in the same period of 2019[30] - Cash flow from investing activities for the first three quarters of 2020 was negative at CNY -47,908,521.32, compared to CNY -89,926,756.12 in the same period of 2019[30] - The net cash flow from operating activities for the first three quarters of 2020 was -156,685,616.04 RMB, compared to -98,339,234.56 RMB in the same period of 2019, indicating a decline of approximately 59%[32] - Total cash inflow from operating activities decreased to 696,413,475.76 RMB in 2020 from 1,415,423,811.42 RMB in 2019, a drop of about 51%[32] - Cash outflow from operating activities also decreased to 853,099,091.80 RMB in 2020 from 1,513,763,045.98 RMB in 2019, reflecting a reduction of approximately 44%[32] - Cash flow from investment activities showed a net inflow of 57,946,262.96 RMB in 2020, up from 40,816,323.94 RMB in 2019, representing an increase of about 42%[33] - The net cash flow from financing activities turned negative at -37,105,669.35 RMB in 2020, compared to a positive 270,414,511.13 RMB in 2019[33] Assets and Liabilities - Total assets decreased by 2.33% to CNY 4,897,097,532.47 compared to the end of the previous year[5] - Total assets as of September 30, 2020, were ¥4,897,097,532.47, down from ¥5,013,696,965.61 at the end of 2019[15] - Total liabilities as of September 30, 2020, were CNY 2,919.12 million, compared to CNY 2,728.76 million at the end of 2019, reflecting an increase of 6.9%[20] - The company’s equity attributable to shareholders was CNY 2,060.56 million as of September 30, 2020, down from CNY 2,179.68 million at the end of 2019[20] - The company reported a total current asset of 2,332,221,297.96 RMB, consistent with the previous year’s figures[35] - The company's total liabilities amounted to CNY 2,728,759,791.79, with current liabilities at CNY 2,436,845,742.07[40] Shareholder Information - The company had a total of 108,030 shareholders at the end of the reporting period[8] - The largest shareholder, Jiangsu Sunshine Group Co., Ltd., held 10.98% of the shares, with significant pledges on its holdings[8] Other Financial Metrics - The weighted average return on equity decreased by 4.30 percentage points to -0.47%[5] - Cash and cash equivalents decreased by 46.73% to CNY 327,856,471.91 due to reduced sales receipts[10] - Accounts receivable increased by 58.75% to CNY 832,218,847.56, indicating a decrease in cash collection from customers[10] - Prepayments decreased by 81.56% to CNY 18,089,308.32, reflecting that previously prepaid amounts have been received[10] - Other comprehensive income showed a significant change, with a loss of ¥-64,438,828.78 compared to a gain of ¥3,027,181.73 in the previous year[11] - The company reported a decrease in other comprehensive income of CNY -47,841,044.75[37]