YJFC(SH:600265)2020-10-27 16:00Financial Performance - Operating revenue for the first nine months was ¥77,331,790.61, a decline of 45.90% year-on-year[5] - Net profit attributable to shareholders was -¥14,720,785.37, worsening from -¥6,486,144.42 in the same period last year[5] - Total operating revenue for Q3 2020 was ¥15,887,332.21, a decrease of 82.8% compared to ¥92,386,240.39 in Q3 2019[51] - Net loss for Q3 2020 was ¥6,043,144.34, compared to a net loss of ¥4,521,143.23 in Q3 2019, representing a 33.7% increase in losses[52] - The company reported a total profit loss of ¥6,043,518.28 for Q3 2020, compared to a loss of ¥4,527,847.49 in Q3 2019[52] - The total comprehensive loss for the period was ¥6,043,144.34, compared to a loss of ¥4,521,143.23 in the same period last year[53] - The company reported a net loss of CNY 404.31 million compared to a loss of CNY 389.59 million in the previous period[44] - The total comprehensive income for the first three quarters of 2020 was a loss of ¥10,075,424.07 million, compared to a loss of ¥11,214,211.42 million in the same period of 2019, showing an improvement[58] Assets and Liabilities - Total assets decreased by 11.51% from the end of the previous year, amounting to ¥308,923,848.05[5] - Current assets decreased from CNY 289.32 million to CNY 253.54 million, a decline of approximately 12.38%[42] - Total liabilities decreased from CNY 313.19 million to CNY 288.03 million, a reduction of approximately 8.04%[44] - Current liabilities decreased from CNY 101.52 million to CNY 68.81 million, a decrease of about 32.2%[43] - The company's total assets decreased to ¥307,265,732.54 from ¥351,061,394.43 year-over-year[48] - The total equity of the company was ¥38,608,776.84, down from ¥48,684,200.91 in the previous year[48] - The total liabilities of the company as of the third quarter of 2020 were ¥313,190,148.14, with total assets amounting to ¥349,101,002.12[69] - Total liabilities were 302,377,193.52, with current liabilities at 90,709,872.71 and long-term liabilities at 211,667,320.81[74] Cash Flow - Cash flow from operating activities improved to ¥21,360,172.99, compared to -¥58,812,921.62 in the previous year[5] - The cash flow from operating activities for the first three quarters of 2020 was ¥21,360,172.99 million, a recovery from a negative cash flow of ¥58,812,921.62 million in the same period of 2019[61] - The company reported a net cash increase of ¥13,497,638.62 million in Q3 2020, contrasting with a decrease of ¥33,774,710.30 million in Q3 2019[62] - Total cash inflow from operating activities was ¥74,454,505.68, while cash outflow was ¥19,106,936.25, resulting in a net cash inflow[64] - Cash and cash equivalents increased by 43.31% to ¥44,663,764.06 due to the recovery of short-term investments[12] - Cash and cash equivalents at the end of the third quarter of 2020 amounted to ¥23,339,977.65, up from ¥6,694,397.44 at the end of the same period in 2019[65] Expenses - Operating costs decreased by 49.38% year-on-year to ¥69,154,119.20, mainly due to a decline in product sales[22] - Tax and additional fees decreased by 64.65% year-on-year to ¥535,645.60, primarily due to land value-added tax paid in the previous period[23] - Sales expenses increased by 195.09% year-on-year to ¥458,109.17, mainly due to increased expenses related to aluminum mold business[24] - Management expenses increased by 60.01% year-on-year to ¥15,419,387.17, primarily due to increased losses from work stoppages caused by the COVID-19 pandemic[24] - The company incurred management expenses of ¥4,736,131.07 in Q3 2020, an increase from ¥3,080,226.03 in Q3 2019[51] Shareholder Information - The total number of shareholders reached 3,917, with the largest shareholder holding 55.00% of the shares[8] - The company plans to transfer 0.84% of its stake in Yunnan Yun Jing Paper Co., Ltd. and 0.84% of its stake in Jinggu Fuyuan Trading Service Co., Ltd., with a total book value of ¥1,010.71 million[37] Other Income and Changes - Other income increased by 45.87% year-on-year to ¥2,020,393.07, mainly due to subsidies received for unemployment protection during the pandemic[24] - Fair value changes in income increased by 100% year-on-year to ¥170,685.08, primarily from gains on purchased trading financial assets[25] - Cash received from tax refunds increased by 94.28% year-on-year to ¥91,681.55, mainly due to higher tax refunds received in the current period[30] - The company executed new revenue and leasing standards starting January 1, 2020, impacting the accounting treatment of contract liabilities[70]