ycec(SH:600248)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders of the listed company was ¥31,891,135.65, a decrease of 85.32% year-on-year[18]. - Operating revenue for the period was ¥4,657,287,847.45, down 13.35% from the same period last year[18]. - Basic earnings per share decreased to ¥0.0347, down 85.33% year-on-year[21]. - The weighted average return on net assets was 1.08%, a decrease of 6.64 percentage points compared to the previous year[21]. - The company reported a net loss of ¥14,522,014.47 compared to a profit of ¥21,542,586.96 in the previous period, indicating a significant downturn[49]. - Net profit for the period dropped by 85.32% to ¥31,891,135.65 from ¥217,185,499.42, influenced by the pandemic and decreased project gross margins[31]. - The company reported a total profit of -¥16,294,647.20 for Q3 2020, contrasting with a profit of ¥71,392,170.83 in Q3 2019[55]. - Net profit for Q3 2020 was -¥19,462,724.92, compared to a net profit of ¥60,280,094.49 in Q3 2019, indicating a significant decline[55]. - The company reported a net loss of ¥14,239,467.68 for the current period, compared to a net loss of ¥17,705,547.99 in the same period last year, indicating an improvement of approximately 19.5% year-over-year[63]. Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥344,071,862.17, a 57.93% increase compared to -¥817,885,442.88 in the previous year[18]. - Operating cash flow for the current period was negative at ¥344,071,862.17, an improvement from a negative cash flow of ¥817,885,442.88 in the previous year[69]. - Cash outflow from operating activities totaled ¥4,283,867,073.88, compared to ¥5,214,406,627.47 in the previous year, showing a reduction of approximately 17.9%[69]. - The net cash flow from financing activities was 75,082,154.89 RMB, compared to a negative cash flow of 95,429,663.10 RMB in the previous year[71]. - Cash and cash equivalents decreased significantly by 35.40% to ¥616,833,356.66 from ¥954,893,398.03 due to reduced collections impacted by the pandemic[28]. - Cash and cash equivalents at the end of the period totaled 557,745,313.92 RMB, down from 1,382,131,366.72 RMB at the beginning of the year[71]. - The cash inflow from operating activities was 1,681,404.59 RMB, down from 2,704,371.95 RMB in the previous year[71]. - The company paid dividends and interest totaling 19,917,845.11 RMB during the financing activities[71]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,960,929,404.10, an increase of 6.54% compared to the end of the previous year[18]. - Total liabilities amounted to ¥5,989,770,574.66, up from ¥5,450,976,060.91, marking an increase of around 9.8%[42]. - Current liabilities rose to ¥5,981,089,579.47, compared to ¥5,445,297,485.63, reflecting an increase of approximately 9.8%[42]. - Owner's equity reached ¥2,971,158,829.44, slightly up from ¥2,959,761,433.72, showing a growth of about 0.4%[42]. - The total current assets decreased to ¥2,356,399.55 from ¥32,872,982.33, a decline of approximately 92.8%[46]. - The total liabilities were reported at 5,450,976,060.91 RMB, showing a decrease from 5,452,433,752.47 RMB[79]. - The total current liabilities were CNY 5,445,297,485.63, indicating a significant portion of the company's financial obligations[81]. - The total non-current assets were valued at CNY 2,221,343,252.88[88]. Shareholder Information - The total number of shareholders at the end of the reporting period was 23,013[22]. - The largest shareholder, Shaanxi Construction Engineering Holding Group Co., Ltd., held 29% of the shares[22]. - The company plans to raise up to ¥2,129,677,900 through a non-public issuance of shares to finance the acquisition of Shaanxi Construction Group[33]. Revenue and Costs - Total operating revenue for Q3 2020 was ¥1,480,230,998.55, a decrease of 15.7% compared to ¥1,756,567,963.62 in Q3 2019[51]. - Total operating costs for Q3 2020 were ¥1,489,882,266.33, down 11.1% from ¥1,675,955,449.03 in Q3 2019[51]. - Total operating revenue for the first three quarters of 2020 was ¥4,657,287,847.45, a decrease of 13.3% from ¥5,374,950,010.93 in the same period of 2019[51]. - Total operating costs for the first three quarters of 2020 were ¥4,538,655,099.36, down 10.8% from ¥5,085,047,707.82 in the first three quarters of 2019[51]. Other Financial Metrics - The company reported an increase in credit impairment losses, contributing to the decline in net profit[21]. - Other income increased by 465.17% to ¥4,252,389.13 from ¥752,412.78, primarily due to increased government subsidies received[31]. - Research and development expenses increased to ¥3,639,971.26 in Q3 2020, up 237.5% from ¥1,080,971.04 in Q3 2019[51]. - The company incurred research and development expenses of ¥19,013,034.23, which is a significant investment aimed at future product development[63]. - Financial expenses included interest income of ¥228,388.87, which was lower than the previous year's income of ¥275,462.83, indicating a decrease of approximately 17.1%[63]. - The company reported investment income of ¥454,007.63, which is a decrease from ¥982,131.52 in the same period last year, reflecting a decline of about 53.8%[63].