Sunasia(SH:600593)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months was ¥49,575,905.97, a decrease of 82.01% year-on-year[6]. - Net profit attributable to shareholders for the first nine months was -¥81,253,011.94, representing a decline of 221.61% compared to the same period last year[6]. - The net cash flow from operating activities for the first nine months was -¥12,807,205.78, a decrease of 111.65% year-on-year[6]. - Basic earnings per share for the reporting period was -¥0.4963, down 187.52% from ¥0.5671 in the previous year[6]. - The weighted average return on equity decreased by 25.74 percentage points to -12.31%[6]. - Total operating revenue for Q3 2020 was 26,717,090.43, compared to 144,883,402.52 in Q3 2019, representing a significant decline[29]. - Net profit for Q3 2020 was -11,881,203.46, a sharp decrease from a net profit of 64,780,150.53 in Q3 2019, reflecting a negative performance trend[31]. - The total profit for Q3 2020 was -12,059,911.18, compared to a profit of 88,302,390.88 in Q3 2019, highlighting a drastic decline in profitability[30]. - The company reported a significant investment loss of -523.53 in Q3 2020, contrasting with a gain of 6,175,755.49 in Q3 2019, reflecting challenges in investment performance[30]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,300,901,976.07, an increase of 5.31% compared to the previous year-end[6]. - The company’s total liabilities decreased by 33.13% to ¥41,228,155.51 due to changes in repayment plans influenced by the pandemic[13]. - Total liabilities increased to CNY 1,502,999,668.06, up from CNY 1,325,500,849.70, representing a growth of approximately 13.4% year-over-year[23]. - Current liabilities totaled CNY 764,590,605.64, compared to CNY 698,878,657.24, reflecting an increase of about 9.4%[23]. - Non-current liabilities rose to CNY 738,409,062.42 from CNY 626,622,192.46, marking an increase of approximately 17.8%[23]. - Owner's equity decreased to CNY 797,902,308.01 from CNY 859,306,653.31, a decline of about 7.1%[24]. - The total current assets decreased to CNY 132,612,992.43 from CNY 166,664,302.80, a decline of approximately 20.4%[25]. Cash Flow - Cash and cash equivalents decreased by 44.54% to ¥69,517,972.33 due to reduced revenue from the COVID-19 pandemic and repayment of debts[13]. - Cash payments for investments decreased by 44.48% to CNY 20,181,853.00, primarily due to reduced equity transfer payments for the Yingkou project[15]. - The company’s cash inflow from operating activities in Q3 2020 was CNY 79,049,448.86, a sharp decline from CNY 293,899,400.53 in Q3 2019, representing a decrease of about 73%[36]. - Cash flow from financing activities showed a net outflow of -28,955,891.78 RMB, an improvement from -48,064,535.70 RMB in Q3 2019[39]. - The company reported a total cash inflow from financing activities of CNY 75,864,972.83 in the first three quarters of 2020, down from CNY 309,090,481.17 in the same period of 2019, a decrease of about 75%[37]. Shareholder Information - The total number of shareholders at the end of the reporting period was 3,387[10]. - The largest shareholder, Dalian Xinghai Bay Jinrong Business District Investment Management Co., Ltd., held 30,945,600 shares, accounting for 24.03% of the total[11]. Other Income and Expenses - The company reported non-operating income of ¥8,545,083.73 for the first nine months[9]. - Other income increased significantly by 1519.71% to ¥11,822,046.32, primarily from provincial cultural industry development subsidies[14]. - Sales expenses dropped by 64.77% to ¥5,598,527.61 due to reduced advertising and lower salaries during the pandemic[14]. - The company received tax refunds amounting to ¥18,697,390.64, a 120720.70% increase, primarily from VAT refunds[14]. - The company reported a decrease in retained earnings to CNY 145,420,718.22 from CNY 209,338,728.26, a decline of approximately 30.6%[24]. Impact of COVID-19 - The company reported a significant decline in revenue due to COVID-19, with a decrease in tax payments by 84.26% to CNY 5,624,789.19 compared to the previous period[15]. - The company anticipates a significant decline in annual operating revenue due to extended closures, with venues in Dalian closed for 128 days and operating at only 20% of normal capacity post-reopening[18]. - The company has implemented measures to enhance service quality and customer experience during the pandemic, focusing on internal improvements[16]. - The company launched initiatives to support frontline medical workers, including lifetime free access for over 800 medical personnel and their families[16].