THGW(SH:600365)2020-10-30 16:00Financial Performance - Operating revenue decreased by 52.85% to CNY 416,555,510.57 for the first nine months compared to the same period last year[7] - Net profit attributable to shareholders was a loss of CNY 18,506,071.10, a decrease of 692.66% year-on-year[7] - Basic and diluted earnings per share were both CNY -0.046, a decrease of 675.00% compared to the previous year[7] - The net profit for the first three quarters of 2020 was a loss of ¥17,258,835.67, compared to a profit of ¥18,992,879.56 in the same period of 2019[50] - The net profit for Q3 2020 was a loss of ¥2,979,531.40, compared to a profit of ¥4,639,158.86 in Q3 2019, marking a significant decline[50] - The total profit for Q3 2020 was a loss of ¥27,225.88, down from a profit of ¥7,187,338.40 in Q3 2019[50] - The company's total comprehensive loss for Q3 2020 was CNY -9,361,197.59, compared to a loss of CNY -3,509,050.43 in Q3 2019[55] Cash Flow - Net cash flow from operating activities was CNY 94,784,072.14, a significant improvement from a negative cash flow of CNY -628,588,488.64 in the same period last year[7] - The company's operating cash flow for the first three quarters of 2020 was CNY 94,784,072.14, a significant improvement from a negative cash flow of CNY -628,588,488.64 in the same period of 2019[57] - In Q3 2020, the company reported a net cash flow from operating activities of -11,603,798.72 RMB, compared to -172,491,311.57 RMB in the same period of 2019, indicating an improvement[60] - Total cash inflow from operating activities was 234,439,932.72 RMB, significantly higher than 54,321,992.87 RMB in Q3 2019[60] - Cash outflow from operating activities totaled 246,043,731.44 RMB, compared to 226,813,304.44 RMB in the previous year, reflecting increased operational costs[60] Assets and Liabilities - Total assets increased by 6.69% to CNY 1,219,658,080.34 compared to the end of the previous year[7] - Current liabilities totaled CNY 430,598,866.74, up from CNY 336,048,690.32 in the previous year, indicating a 28.2% increase[42] - Non-current liabilities were reported at CNY 72,035,135.14, slightly down from CNY 72,801,997.12[42] - The company's total liabilities reached CNY 502,634,001.88, compared to CNY 408,850,687.44 in the previous year, reflecting a 22.9% increase[42] - Shareholders' equity decreased to CNY 717,024,078.46 from CNY 734,282,914.13, a decline of 2.9%[42] Shareholder Information - The total number of shareholders was 27,108 as of the report date[10] - The largest shareholder, Jilin Province Jixiang Jiade Investment Co., Ltd., holds 10.77% of the shares, with 43,093,236 shares pledged[11] Operational Efficiency - The company has not disclosed any significant new product developments or market expansion strategies in this report[12] - The company plans to focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[54] Other Income and Expenses - The company reported non-operating income of CNY 2,367,630.00 related to government subsidies[9] - Other income surged by 589.57% to ¥2,397,261.64, mainly due to increased government subsidies[30] - The company reported a significant reduction in financial expenses by 43.23% to ¥7,032,575.92, primarily due to lower borrowing costs[28] - The company reported other income of CNY 2,367,630.00 in Q3 2020, compared to CNY 307,637.65 in Q3 2019[54] Inventory and Costs - Operating costs fell by 55.59% to ¥304,748,058.08, primarily due to the decrease in revenue[26] - Inventory decreased to ¥286,078,389.19 from ¥314,316,397.99, indicating a reduction in stock levels[40] - The total operating costs for the first three quarters of 2020 were ¥431,569,534.00, compared to ¥853,755,693.37 in the first three quarters of 2019, indicating a decrease of about 49.5%[49] - The total operating costs for Q3 2020 were ¥106,156,559.92, compared to ¥236,866,940.60 in Q3 2019, indicating a decrease of about 55.2%[49]