CS&S(SH:600536)2020-10-30 16:00Financial Performance - Operating revenue for the first nine months was ¥2,237,726,484.23, down 28.87% from ¥3,145,931,203.34 in the same period last year[7]. - Net profit attributable to shareholders of the listed company was -¥549,790,622.96, compared to -¥245,436,442.77 in the previous year[7]. - The company reported a net loss of RMB 648,930,921.02, a significant increase in losses compared to the previous year[14]. - Total operating revenue for Q3 2020 was ¥844,149,793.39, a decrease of 21.9% compared to ¥1,080,908,143.68 in Q3 2019[31]. - Net loss for Q3 2020 was ¥157,763,596.71, compared to a net loss of ¥42,219,068.54 in Q3 2019[32]. - The total comprehensive loss for Q3 2020 was ¥157,808,212.90, compared to a loss of ¥42,069,981.19 in Q3 2019[33]. - The total operating profit for the first three quarters of 2020 was a loss of approximately ¥245.95 million, compared to a loss of ¥139.43 million in the same period of 2019[36]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥6,229,124,231.59, a decrease of 7.63% compared to the end of the previous year[7]. - Total current assets were approximately ¥5.03 billion, down from ¥5.47 billion at the end of 2019, reflecting a decrease of 8.1%[23]. - Cash and cash equivalents decreased by 46.81% from the beginning of the year, totaling RMB 1,361,388,386.86[12]. - Current liabilities increased from CNY 3,492,470,249.90 to CNY 3,797,762,501.24, an increase of approximately 8.7%[25]. - Total liabilities were ¥3,981,949,596.39, which is an increase of ¥10,752,224.85 compared to the last reporting period[48]. - Non-current liabilities decreased from CNY 489,479,346.49 to CNY 383,722,673.37, a reduction of about 21.6%[25]. Shareholder Information - Net assets attributable to shareholders of the listed company were ¥1,673,098,477.65, reflecting a decline of 26.39% year-on-year[7]. - The total number of shareholders at the end of the reporting period was 124,651, with the largest shareholder holding 30.00% of the shares[10]. - The top ten shareholders collectively held 64.69% of the total shares, indicating a concentrated ownership structure[10]. Cash Flow - The net cash flow from operating activities for the first nine months was -¥1,142,183,857.68, indicating a significant increase in cash outflow compared to -¥579,729,228.38 last year[7]. - Cash flow from operating activities for the first three quarters of 2020 was a net outflow of approximately ¥1.14 billion, compared to a net outflow of ¥579.73 million in the same period of 2019[40]. - The total cash outflow from operating activities was 2,005,672,108.84 RMB, compared to 1,942,923,652.96 RMB in the same period last year, marking an increase of about 3.2%[43]. Investments and Acquisitions - The company acquired 51% of the equity of its subsidiary Zhongruan Giant, completing the acquisition for RMB 3,519,100[17]. - The company and China Great Wall Technology Group jointly acquired a 27% stake in China Electronics Innovation Institute for a total of ¥30.51 million[20]. - The company reported an investment loss of ¥30,391,837.04 for the first three quarters of 2020[32]. Operational Changes - The company adopted new revenue recognition standards effective January 1, 2020, impacting the financial reporting[52]. - The company established wholly-owned subsidiaries in eight cities with registered capital of ¥30 million each in Jiangxi, Shenzhen, Hubei, and Fujian, and varying amounts in Henan, Anhui, Shanxi, and Shaoxing[18]. - The company plans to establish a branch in Ningxia, with the registration completed on August 24, 2020[19]. Research and Development - R&D expenses for Q3 2020 increased to ¥312,708,858.44, up from ¥294,845,061.96 in Q3 2019, reflecting a growth of 6.5%[31]. - Research and development expenses in Q3 2020 were approximately ¥111.26 million, down 21.7% from ¥142.08 million in Q3 2019[36].