XINLI FINANCE(SH:600318)2020-10-23 16:00Financial Performance - Net profit attributable to shareholders was CNY 29,140,055.36, representing a decline of 24.71% year-on-year[8]. - Operating revenue for the period was CNY 356,003,952.43, down 5.85% from the same period last year[8]. - Basic and diluted earnings per share were both CNY 0.06, a decrease of 25% compared to the previous year[8]. - The company’s net profit after deducting non-recurring gains and losses was CNY 29,484,143.44, down 23.82% year-on-year[8]. - Total operating revenue for Q3 2020 was approximately ¥122.95 million, a decrease of 6.5% compared to ¥131.53 million in Q3 2019[29]. - Net profit for Q3 2020 reached approximately ¥44.06 million, an increase of 9.3% from ¥40.30 million in Q3 2019[30]. - The company reported a total comprehensive loss of -15,433,492.32 RMB for Q3 2020, compared to -16,533,556.94 RMB in Q3 2019, showing a reduction in losses of about 6.6%[34]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,587,817,540.09, a decrease of 0.04% compared to the end of the previous year[8]. - Total current assets amounted to RMB 2,025,038,359.27 as of September 30, 2020, compared to RMB 2,035,540,485.18 at the end of 2019[20]. - Current liabilities totaled CNY 1,596,697,309.96, down from CNY 1,700,123,101.54 in the previous period, indicating a reduction of approximately 6.5%[22]. - Non-current liabilities increased to CNY 1,400,836,886.85 from CNY 1,298,386,057.30, reflecting an increase of about 7.9%[22]. - The company's total liabilities were CNY 2,997,534,196.81, showing a marginal decrease from CNY 2,998,509,158.84[22]. - The total liabilities of the company stood at CNY 2,998,509,158.84, indicating a stable leverage position[44]. Cash Flow - The net cash flow from operating activities increased by 5.3% to CNY 345,934,790.33 compared to the previous year[8]. - The net cash flow from investing activities was negative RMB 27,297,868.20, a decrease of 193.51% due to payments for the acquisition of Handpay[15]. - The net cash flow from financing activities for Q3 2020 was -315,378,732.07 RMB, an improvement from -589,322,908.80 RMB in Q3 2019, indicating a reduction in outflows of about 46.6%[38]. - Operating cash flow for the first nine months of 2020 was 345,934,790.33 RMB, slightly up from 328,524,083.84 RMB in the same period of 2019, reflecting a growth of about 2.7%[37]. - Cash inflow from investment activities was CNY 11,818,371.18, a decrease of 74% from CNY 45,917,408.66 in the previous year[40]. Shareholder Information - The total number of shareholders at the end of the reporting period was 65,030[11]. - The largest shareholder, Anhui Xinli Kechuang Group Co., Ltd., held 23.57% of the shares[11]. - Shareholders' equity totaled CNY 2,590,283,343.28, slightly down from CNY 2,591,690,212.21, indicating a decrease of approximately 0.05%[22]. - The total equity attributable to shareholders of the parent company was CNY 1,279,683,041.81, up from CNY 1,258,284,300.61, indicating an increase of about 1.7%[22]. Expenses and Investments - Research and development expenses grew by 116.85% to RMB 2,868,456.56 due to differences during the consolidation period[15]. - Other income increased by 235.72% to RMB 4,796,583.51 primarily from increased tax refunds[15]. - The company reported an investment income of approximately ¥3.80 million for Q3 2020, slightly up from ¥3.73 million in Q3 2019[30]. - Financial expenses for Q3 2020 were approximately ¥10.67 million, a significant decrease of 56.5% from ¥24.52 million in Q3 2019[29]. Risks and Future Outlook - The company anticipates potential goodwill impairment risks by year-end due to the impact of COVID-19 and complex domestic and international situations[16].