MIHF(SH:600337)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders dropped by 92.88% to CNY 25,218,533.38 year-on-year[7] - Operating revenue fell by 26.79% to CNY 3,085,013,522.56 for the period from January to September[7] - The company reported a net loss of CNY 172,090,414.39 from recurring operations[7] - Basic and diluted earnings per share decreased by 90.00% to CNY 0.02[7] - The weighted average return on net assets decreased by 6.93 percentage points to 0.58%[7] - Total operating revenue for Q3 2020 was ¥1,400,406,788.22, a decrease of 6.9% compared to ¥1,504,452,155.05 in Q3 2019[38] - Net profit for Q3 2020 was ¥140,340,424.66, an increase of 3.7% from ¥135,719,750.33 in Q3 2019[39] - Total comprehensive income for Q3 2020 was ¥105,138,193.89, a decrease of 34.1% from ¥159,735,074.33 in Q3 2019[41] - The company reported a total profit of ¥162,583,404.99 for Q3 2020, slightly down from ¥164,488,143.41 in Q3 2019[39] Cash Flow - Net cash flow from operating activities decreased by 32.70% to CNY 318,140,780.70 compared to the same period last year[7] - Cash received from operating activities decreased by 32.70% year-on-year, primarily due to reduced sales revenue amid the pandemic[21] - Cash flow from operating activities for the first three quarters of 2020 was ¥318,140,780.70, down 32.7% from ¥472,691,157.10 in the same period of 2019[48] - The net cash flow from operating activities decreased significantly to CNY 106,008,126.51, down 82.0% from CNY 588,653,971.55 in the previous year[51] - The cash inflow from investment activities totaled CNY 428,046,465.13, compared to CNY 93,629,796.62 in the same period of 2019, marking a substantial increase[52] - The cash outflow from financing activities was CNY 1,698,774,596.68, down 33.1% from CNY 2,537,694,458.24 in the same period of 2019[52] Assets and Liabilities - Total assets decreased by 7.93% to CNY 7,468,989,946.60 compared to the end of the previous year[7] - Total liabilities decreased from CNY 3,474,682,394.90 to CNY 3,262,367,985.26, a decrease of approximately 6.1%[27] - Owner's equity decreased from CNY 4,637,261,451.06 to CNY 4,206,621,961.34, a decline of about 9.3%[29] - Long-term borrowings decreased by 42.48% as the company repaid maturing long-term loans[17] - Current liabilities increased from CNY 2,643,698,682.89 to CNY 2,763,319,258.71, an increase of about 4.5%[27] - The total current assets were CNY 6,433,621,384.64, with inventory valued at CNY 1,453,773,128.77[60] Shareholder Information - The total number of shareholders at the end of the reporting period was 20,459[10] - Meike Investment Group holds a total of 632,254,524 shares in Meike International Home Furnishings, accounting for 35.79% of the total share capital[14] - The company repurchased 9,627.95 million shares as part of its share buyback program, with a total budget of RMB 500 million to RMB 700 million[22] Government Support and Other Income - The company received government subsidies amounting to CNY 13,052,288.59 related to normal business operations[9] - Other income increased by 348.62% year-on-year, primarily due to subsidies received by subsidiaries during the reporting period[19] - Cash received from other operating activities increased by 153.08% year-on-year, mainly due to subsidies received by subsidiaries[21] Investment and Research - Investment income decreased by 62.39% year-on-year, mainly due to the absence of equity disposal gains that occurred in the same period last year[19] - Research and development expenses for Q3 2020 were ¥8,318,740.40, a decrease of 45.9% from ¥15,375,333.95 in Q3 2019[38] - The company recorded an investment loss of ¥127,868.69 in Q3 2020, compared to a gain of ¥630,924.85 in Q3 2019[39] Other Financial Metrics - Other comprehensive income decreased by 239.05%, mainly due to a reduction in foreign currency translation differences[17] - Tax payable decreased by 66.50%, reflecting a reduction in various taxes due to lower operating income[17] - Other payables increased by 53.07%, primarily due to an increase in temporary deposits received[17]