SDWH(SH:600241)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 388,855,733.03, a 20.11% increase year-on-year[6] - Net profit attributable to shareholders was CNY -3,472,037.28, showing a slight increase in losses compared to CNY -3,092,605.86 in the same period last year[6] - The company reported a net loss of CNY 444,027,940.67 in retained earnings[53] - The company reported a net loss of ¥13,759,007.25 for the first three quarters of 2020, an improvement from a loss of ¥16,395,786.44 in the same period of 2019[38] - The net profit for Q3 2020 was ¥6,713,056.12, a decrease of 57.0% from ¥15,613,906.16 in Q3 2019[43] Assets and Liabilities - Total assets increased by 5.50% to CNY 1,397,520,977.16 compared to the end of the previous year[6] - Total liabilities increased to ¥558,242,545.00 from ¥477,225,651.26, representing a rise of about 16.9%[30] - The company has classified certain assets as held for sale, impacting the financial position significantly[13] - Current assets totaled ¥804,175,583.39, up from ¥564,856,911.76 in the previous year, indicating a significant increase of about 42.4%[29] - The total non-current assets were reported at ¥593,345,393.77, down from ¥759,752,044.64, showing a decrease of about 21.9%[29] Cash Flow - Cash flow from operating activities was CNY -89,265,778.43, indicating a significant decline compared to CNY -6,873,500.08 in the previous year[6] - The cash flow from operating activities for the first three quarters of 2020 was negative at -¥89,265,778.43, compared to -¥6,873,500.08 in the same period of 2019[45] - The total cash inflow from operating activities was ¥348,916,173.27, a decrease of 26.4% from ¥473,872,630.91 in the first three quarters of 2019[45] - The ending cash and cash equivalents balance was 96,066,684.63 RMB, down from 188,347,150.26 RMB at the beginning of the period[46] Shareholder Information - The number of shareholders reached 10,476, with the largest shareholder holding 48.63% of the shares[8] - The company plans to divest its forestry resources development business by transferring 100% equity of Times Wan Heng Investment Co., Ltd. for RMB 38.5679 million to its controlling shareholder[21] Revenue and Costs - Operating costs increased to RMB 298,457,956.60, up 16.25% from RMB 256,748,654.88 year-on-year[14] - Total operating revenue for Q3 2020 reached ¥210,676,629.39, a significant increase of 69.9% compared to ¥124,032,935.84 in Q3 2019[37] - Total operating costs for Q3 2020 were ¥203,786,193.52, up from ¥143,982,198.97 in Q3 2019, reflecting a 41.5% increase[37] Investments and Financing - Short-term borrowings rose by 30.45% to CNY 138,939,342.89, reflecting increased bank loans[12] - The company received 132,435,121.78 RMB from financing activities, with cash outflow for debt repayment totaling 111,005,584.20 RMB[46] - Long-term investments amounted to CNY 631,010,801.72, reflecting the company's investment strategy[57] Changes in Management - As of the end of the reporting period, there were significant changes in the board of directors, with new appointments including Yang Xiaohua as chairman and Zhao Zhenyu as general manager[18][19]