FLDT(SH:600228)2020-10-30 16:00Financial Performance - Revenue for the first nine months was CNY 248.79 million, down 24.51% year-on-year[6]. - Net profit attributable to shareholders was a loss of CNY 3.82 million, compared to a loss of CNY 3.69 million in the same period last year[6]. - The weighted average return on equity decreased by 0.98 percentage points to -7.18%[6]. - Total operating revenue for Q3 2020 was ¥87,147,403.72, a decrease of 24.1% compared to ¥114,698,597.70 in Q3 2019[26]. - Net profit for Q3 2020 was ¥1,041,005.98, a decline of 80.3% from ¥5,274,314.12 in Q3 2019[27]. - The company reported a net loss attributable to shareholders of ¥2,296,519.21 in Q3 2020, compared to a profit of ¥1,363,368.89 in Q3 2019[27]. - The total profit for Q3 2020 was ¥1,480,570.79, down 78.3% from ¥6,803,639.14 in Q3 2019[27]. - The net profit for Q3 2020 was -6,300,423.94 RMB, a significant decline compared to the profit of 3,364,363.62 RMB in the same period last year[31]. - Operating profit for Q3 2020 was -6,300,073.86 RMB, reflecting a decrease from 3,290,176.18 RMB in Q3 2019[31]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 249.92 million, a decrease of 0.97% compared to the end of the previous year[6]. - Total liabilities amounted to CNY 124,465,833.18, a slight decrease from CNY 124,686,144.87 in the previous period[20]. - The total equity attributable to shareholders decreased to CNY 51,193,072.19 from CNY 55,199,780.53, indicating a decline of approximately 7.3%[20]. - Current assets totaled CNY 16,747,010.85, down from CNY 18,925,649.75, reflecting a decrease of about 11.5%[22]. - Non-current assets increased to CNY 65,050,924.02 from CNY 64,139,288.40, showing a growth of approximately 1.4%[22]. - Total liabilities amounted to 87,495,269.70, reflecting the company's financial obligations[45]. - Owner's equity was reported at -4,430,331.55, indicating a negative equity position[45]. Cash Flow - Operating cash flow for the first nine months increased significantly by 623.63% to CNY 25.01 million compared to the same period last year[6]. - Net cash flow from operating activities surged by 623.63% to ¥25,010,645.48, reflecting improved profitability and collection of significant asset restructuring deposits[12]. - Cash flow from operating activities for the first nine months of 2020 was 25,010,645.48 RMB, an increase from 3,456,289.32 RMB in the same period last year[35]. - The net cash flow from operating activities for the first three quarters of 2020 was -12,066,406.86 RMB, compared to -9,311,108.86 RMB in the same period of 2019, indicating a decline of approximately 29.5%[37]. Shareholder Information - The total number of shareholders at the end of the reporting period was 13,196[10]. - The largest shareholder, Jiangxi Changjiu Group, held 25.58% of the shares, totaling 61,733,394 shares, which are pledged[11]. Government Support and Subsidies - The company received government subsidies amounting to CNY 73,961.31 during the reporting period[9]. Inventory and Operating Costs - Inventory rose by 66.56% to ¥14,840,935.95, mainly due to seasonal stocking[12]. - Operating costs decreased by 31.94% to ¥187,657,203.55, attributed to a decline in the prices of key raw materials[12]. Future Outlook and Challenges - The company anticipates challenges in its acrylamide business due to macroeconomic conditions and fluctuating crude oil prices, which may impact downstream customer demand[15]. - The company is undergoing a major asset restructuring, with plans approved by the board and shareholders, pending regulatory approval[13].