KMYY(SH:600518)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months decreased by 61.62% to CNY 3.97 billion compared to the same period last year[5] - Net profit attributable to shareholders was a loss of CNY 2.37 billion, a decrease of 7,248.78% compared to the previous year[5] - Basic and diluted earnings per share were both CNY -0.481, a decrease of 6,971.43% compared to the previous year[6] - The weighted average return on equity was -12.18%, a decrease of 12.31 percentage points compared to the previous year[6] - Net profit for the first three quarters of 2020 was ¥519,876,141.85, down 77.8% from ¥2,345,454,899.34 in the same period of 2019[22] - The net profit attributable to shareholders was reported as -¥2,529,304,688.03, compared to -¥157,770,843.74 in the previous year, indicating a significant increase in losses[20] - The company's operating revenue for Q3 2020 was approximately ¥424.09 million, a significant decrease of 76.7% compared to ¥1.82 billion in Q3 2019[27] - The net profit for Q3 2020 was a loss of approximately ¥686.64 million, compared to a loss of ¥45.76 million in Q3 2019, indicating a substantial decline in profitability[28] Assets and Liabilities - Total assets decreased by 4.78% to CNY 61.50 billion compared to the end of the previous year[5] - The company's intangible assets decreased to RMB 1,309,634,875.44, down 35.25% from RMB 2,022,461,560.26 due to the sale of intangible assets[14] - Current liabilities totaled ¥20,149,818,486.94, down from ¥27,823,065,439.44, indicating a reduction of about 27.2%[19] - Long-term borrowings increased significantly to ¥12,558,661,890.34 from ¥2,088,752,629.63, marking a rise of 501.25%[19] - The total liabilities stood at ¥43,200,629,799.67, slightly down from ¥43,935,237,255.88, showing a decrease of about 1.7%[20] - The total number of shareholders at the end of the reporting period was 159,100[9] Cash Flow - Net cash flow from operating activities decreased by 73.14% to CNY 884.69 million compared to the same period last year[5] - The net cash flow from operating activities was RMB 884,689,062.10, a significant decline of 73.14% from RMB 3,293,151,636.86 in the same period last year[14] - Cash inflow from operating activities for Q3 2020 was ¥4.91 billion, a decrease of 56.0% from ¥11.17 billion in Q3 2019[32] - Cash outflow from operating activities for Q3 2020 was ¥4.03 billion, down from ¥7.88 billion in Q3 2019[32] - The net cash flow from financing activities was negative at ¥1.95 billion, an improvement from a negative cash flow of ¥4.53 billion in the same period of 2019[33] Expenses - Operating costs decreased to RMB 3,403,041,526.19, down 47.57% from RMB 6,490,614,926.42 year-on-year, primarily due to the decline in operating revenue[14] - Research and development expenses were RMB 47,833,541.00, a reduction of 30.75% compared to RMB 69,070,659.69 in the previous year[14] - Financial expenses for Q3 2020 amounted to ¥551,463,568.52, a slight decrease from ¥579,960,892.22 in Q3 2019[24] - The company's R&D expenses for Q3 2020 were approximately ¥13.62 million, slightly down from ¥13.98 million in Q3 2019[27] Shareholder Information - The largest shareholder, Kangmei Industrial Investment Holdings Co., Ltd., held 1,618,442,461 shares, with 209,424,083 shares pledged[9] - The total number of preferred shareholders at the end of the reporting period was 8, with the largest shareholder holding 9,000,000 shares, representing 30.00%[11]