HBSXNBM(SH:600293)2020-10-27 16:00Financial Performance - Operating revenue for the first nine months decreased by 30.08% to CNY 1,933,193,629.30 compared to the same period last year[5] - Net profit attributable to shareholders was a loss of CNY 591,001,632.68, a decrease of 1,068.41% compared to a profit of CNY 61,027,923.67 in the same period last year[5] - The company's net profit for the first nine months of 2020 was a loss of RMB 588,328,333.58, a significant decline of 1,053.37% compared to a profit of RMB 61,710,280.56 in the same period last year, mainly due to the impact of the pandemic[14] - Revenue for the first nine months of 2020 decreased by 30.08% to RMB 1,933,193,629.30, attributed to the suspension of some business activities due to the pandemic[14] - Basic and diluted earnings per share were both CNY -0.51, a decrease of 1,120.00% compared to CNY 0.05 in the same period last year[6] - The company expects to report a cumulative net loss for the year, primarily due to the impact of COVID-19 and asset impairment provisions[16] Assets and Liabilities - Total assets decreased by 9.89% to CNY 6,189,920,936.65 compared to the end of the previous year[5] - Net assets attributable to shareholders decreased by 14.94% to CNY 3,335,854,226.57 compared to the end of the previous year[5] - Cash received from sales decreased by 47.30% to RMB 1,515,884,390.58, indicating a significant decline in cash flow from operations[14] - The company's retained earnings decreased by 97.18% to RMB 17,180,509.28, largely due to significant bad debt provisions in the mobile internet segment[14] - The company repaid long-term borrowings, resulting in a 49.56% decrease in current non-current liabilities due within one year to RMB 21,423,212.79[14] Shareholder Information - The total number of shareholders at the end of the reporting period was 42,442[11] - The largest shareholder, Xu Xizhong, holds 17.88% of the shares, with 207,387,07 shares frozen[11] Research and Development - Research and development expenses increased by 43.96% to RMB 24,360,285.93, reflecting the company's increased investment in product development[14] Inventory and Construction - As of September 30, 2020, the company's inventory increased by 30.25% to RMB 423,015,107.38, primarily due to an increase in finished goods and raw materials[14] - The company's construction in progress increased by 619.30% to RMB 410,015,957.88, mainly due to the transfer of fixed asset net value from the fifth production line[14] Other Income - The company reported non-operating income of CNY 4,565,452.48 for the year-to-date period[10] - Other income decreased by 84.55% to RMB 1,982,407.36, primarily due to a reduction in government support received by a subsidiary[14] Market Strategy - The company has not disclosed any new product developments or market expansion strategies in this report[3]