CZDH(SH:600230)2020-10-27 16:00Financial Performance - Operating revenue decreased by 32.96% to CNY 1,081,186,349.33 for the period from January to September[8] - Net profit attributable to shareholders decreased by 444.40% to a loss of CNY 170,784,840.27 for the same period[8] - Basic earnings per share dropped by 444.44% to -CNY 0.4147[9] - Total operating revenue for Q3 2020 was ¥498,016,192.90, a decrease of 3.3% compared to ¥513,852,829.80 in Q3 2019[28] - Net profit for Q3 2020 was a loss of ¥11,541,655.86, compared to a profit of ¥13,786,845.30 in Q3 2019, indicating a significant decline[29] - The company incurred a net loss of ¥184,010,034.05 for the first three quarters of 2020, compared to a profit of ¥32,400,059.10 in the same period of 2019[29] - The company reported a total comprehensive loss of ¥11,541,655.86 for Q3 2020, compared to a comprehensive income of ¥13,786,845.30 in Q3 2019[31] - The company reported a total comprehensive loss of ¥455.45 million for Q3 2020, compared to a comprehensive income of ¥24.67 million in Q3 2019[35] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -35,320,913.05, a decrease of 135.73% compared to the previous year[8] - Net cash flow from operating activities was negative at ¥-35,320,913.05, a decrease of 135.73% compared to the previous period[15][18] - The cash flow from operating activities for the first three quarters of 2020 was negative at ¥35.32 million, compared to a positive cash flow of ¥98.84 million in the same period of 2019[36] - The company’s total cash inflow from operating activities for the first nine months of 2020 was 974,520,605.17 RMB, down from 1,415,374,093.22 RMB in the same period of 2019, a decline of about 31%[38] - The company’s cash flow from operating activities for the first nine months of 2020 was impacted by a decrease in sales revenue, with cash received from sales dropping to 811,381,396.91 RMB from 1,355,714,031.86 RMB in the previous year, a decline of approximately 40%[38] Assets and Liabilities - Total assets increased by 21.70% to CNY 6,026,329,867.48 compared to the end of the previous year[8] - Total liabilities increased to CNY 2,772,397,008.65 in Q3 2020, up from CNY 1,462,989,215.52 in Q3 2019, representing an increase of approximately 89.6%[25] - Total assets reached CNY 6,074,200,442.12 as of September 30, 2020, compared to CNY 4,927,634,540.15 at the end of 2019, marking an increase of about 23.3%[24] - Current assets decreased to CNY 1,670,007,627.93 in Q3 2020 from CNY 1,750,506,776.61 in Q3 2019, a decline of approximately 4.6%[24] - Non-current assets increased significantly to CNY 4,404,192,814.19 in Q3 2020, up from CNY 3,177,127,763.54 in Q3 2019, reflecting an increase of about 38.6%[24] Shareholder Information - The total number of shareholders reached 36,476 at the end of the reporting period[12] - The largest shareholder, Cangzhou Dahua Group, holds 46.25% of the shares[12] Investment Activities - Net cash flow from investing activities was negative at ¥-963,090,792.90, an increase of 85.74% in cash outflow due to project investments[15][18] - The total cash outflow for investment activities in Q3 2020 was 1,025,065,297.40 RMB, significantly higher than 260,222,663.22 RMB in Q3 2019, indicating increased capital expenditures[39] Research and Development - The company reported a decrease in research and development expenses by ¥7,906,356.97, down 35.66% due to fewer new projects[15][18] - Research and development expenses for Q3 2020 were ¥5,596,958.57, a decrease of 68.4% from ¥17,734,637.08 in Q3 2019[28]