ZSIG(SH:600313)2020-10-27 16:00Financial Performance - Operating revenue for the period from January to September was CNY 2,280,878,588.90, a decrease of 41.49% year-on-year[11] - Net profit attributable to shareholders of the listed company was a loss of CNY 5,297,908.96, improving by 51.71% compared to the previous year's loss[11] - Operating profit was reported at a loss of RMB 18,823,619.99, worsening by 34.29% compared to a loss of RMB 14,017,176.29 in the same period last year[24] - The company reported a net loss of ¥82,581,585.06 compared to a loss of ¥77,283,676.10 in the previous period[45] - The company reported a net loss of ¥19,948,904.22 for the first three quarters of 2020, compared to a net loss of ¥19,568,560.60 in the same period of 2019[57] - The company reported a net profit loss of CNY 2,026,026.06 for the current quarter, compared to a loss of CNY 1,332,143.83 in the same quarter last year, indicating a worsening performance[63] Cash Flow - Net cash flow from operating activities improved to a negative CNY 28,030,302.00, a 63.35% improvement from the previous year's negative cash flow[11] - Cash flow from operating activities improved by 63.35%, resulting in a net cash outflow of RMB -28,030,302.00 compared to RMB -76,474,791.92 in the previous year[26] - The net cash flow from operating activities was -83,424,858.27 RMB, compared to -30,315,095.37 RMB in the same period last year, indicating a significant decline[71] - The company’s net cash flow from investment activities was -15,449,547.01 RMB, an improvement from -120,346,722.16 RMB year-over-year[74] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,357,715,676.38, an increase of 8.72% compared to the end of the previous year[11] - The company's total assets amounted to approximately CNY 3.36 billion, an increase from CNY 3.09 billion at the end of 2019, reflecting a growth of about 8.7%[39] - Total liabilities increased to ¥1,265,411,907.08 from ¥972,796,010.11, representing a growth of approximately 30% year-over-year[45] - Total current liabilities amounted to CNY 1.10 billion, compared to CNY 811 million in the previous year, indicating a growth of about 35.6%[43] - Total liabilities amounted to ¥972,796,010.11, with current liabilities at ¥810,994,183.55 and non-current liabilities at ¥161,801,826.56[81] Shareholder Information - The total number of shareholders at the end of the reporting period was 105,536, with the largest shareholder holding 23.12% of the shares[19] - Owner's equity decreased to ¥2,092,303,769.30 from ¥2,115,649,887.81, reflecting a decline of about 1.1%[45] - Total equity attributable to shareholders reached ¥1,440,282,629.05, with paid-in capital of ¥1,082,198,663.00 and capital reserve of ¥419,512,519.71[81] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 14,215,925.08 during the reporting period, which are closely related to its normal business operations[11] - The company reported a financial product income of CNY 7,251,944.14 during the period[16] Operational Changes and Investments - The company is in the process of optimizing its industrial structure and has divested from Guangxi Gelin, receiving RMB 56.22 million from the sale[28] - The company completed the acquisition of 51% of Henan Zao Hua Grain and Oil Co., with performance commitments for annual revenues of RMB 50 million and net profits of RMB 5 million from 2016 to 2019[31] - The company has ongoing litigation regarding performance compensation from previous acquisitions, with outstanding amounts of RMB 1,636.57 million yet to be recovered[27] Revenue Recognition Standards - The company implemented new revenue recognition standards starting January 1, 2020, affecting the financial reporting and comparability of data[82] - The company adopted the new revenue recognition standards starting January 1, 2020, impacting financial reporting[89] - The company has not made retrospective adjustments to prior period data under the new revenue standards[90]