ZYSC(SH:600280)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months fell by 66.00% to CNY 1.93 billion compared to the same period last year[6]. - Net profit attributable to shareholders was a loss of CNY 15.25 million, an improvement of 73.23% compared to the previous year's loss[6]. - Basic and diluted earnings per share improved by 73.43% to -CNY 0.013[6]. - Net profit for the period was CNY -1.35 million, an improvement from CNY -6.04 million in the same period last year[14]. - The net loss for the first three quarters of 2020 was ¥723,613,895.01, compared to a net loss of ¥708,360,197.02 for the same period in 2019[25]. - Net profit for Q3 2020 was CNY 29.08 million, compared to a net loss of CNY 63.14 million in Q3 2019[29]. - Total profit for Q3 2020 was CNY 62.47 million, compared to a loss of CNY 47.73 million in Q3 2019[30]. Assets and Liabilities - Total assets decreased by 8.86% to CNY 13.91 billion compared to the end of the previous year[6]. - The company’s total assets decreased by 9.00% to CNY 13.91 billion compared to the end of the previous year[19]. - Total assets decreased to ¥9,887,829,739.00 from ¥10,637,455,062.06 at the end of 2019, reflecting a decline of 7.0%[26]. - Current liabilities totaled ¥12,190,726,885.77 as of September 30, 2020, a decrease of 9.5% from ¥13,479,582,810.38 at the end of 2019[25]. - The total liabilities amounted to ¥13,047,447,401.68, a decrease of 9.3% from ¥14,385,595,743.30 at the end of 2019[25]. - The company’s total liabilities decreased by 51.63% in estimated liabilities, primarily due to the release of guarantees related to Jining Department Store[13]. Cash Flow - Net cash flow from operating activities was negative CNY 224.27 million, a decline of 187.50% year-on-year[6]. - The company’s cash flow from operating activities was CNY -22.43 million, significantly impacted by reduced sales and increased payments to suppliers during the pandemic[14]. - In the first three quarters of 2020, the company's operating cash flow was negative at -224,268,907.60 RMB, compared to a positive cash flow of 256,315,241.68 RMB in the same period of 2019, representing a decline of approximately 187%[32]. - The parent company's net cash flow from operating activities was -78,759,975.80 RMB in 2020, compared to 160,000,299.16 RMB in 2019, indicating a significant downturn[34]. Shareholder Information - The total number of shareholders reached 39,633 by the end of the reporting period[9]. - The largest shareholder, Zhu Yicai, holds 41.51% of the shares, amounting to 476,687,416 shares[9]. Investment and Income - Non-recurring gains and losses totaled CNY 49.30 million for the current period[8]. - The company reported a significant increase in investment income, rising by 555.17% to CNY 4.97 million, attributed to the net profit growth of Changjiang Risheng Investment Co., Ltd.[14]. - The company achieved an investment income of CNY 19.41 million in Q3 2020, compared to CNY 0.36 million in Q3 2019[30]. Operational Metrics - Operating costs decreased by 77.72% to CNY 100.79 million, reflecting a 31.91% decline when adjusted for new revenue recognition standards[13]. - Total operating revenue for Q3 2020 was ¥818,508,025.78, a decrease of 53.4% compared to ¥1,759,381,870.26 in Q3 2019[27]. - Total operating costs for Q3 2020 were ¥832,627,267.98, down 54.2% from ¥1,816,055,577.42 in Q3 2019[27]. - The total operating costs for Q3 2020 were CNY 188.31 million, down from CNY 475.67 million in Q3 2019[30]. Cash and Cash Equivalents - Cash and cash equivalents decreased by 36.36% to CNY 740.62 million, primarily due to increased project expenditures and the expiration of full-value notes[13]. - The company's cash and cash equivalents were ¥365,963,661.60, down 18.1% from ¥446,975,223.34 at the end of 2019[25]. - The company's cash and cash equivalents at the end of Q3 2020 stood at 305,880,315.80 RMB, down from 511,424,553.98 RMB at the end of Q3 2019, a decrease of about 40%[33].