SFH(SH:600615)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 111.34% to a loss of CNY 3,576,271.50 for the year-to-date period[6] - Operating revenue for the year-to-date period decreased by 9.13% to CNY 38,533,309.68 compared to the same period last year[6] - Basic earnings per share dropped by 111.31% to -0.019 CNY per share[6] - The company reported a net loss of CNY -55,288,549.81 as of September 30, 2020, compared to a loss of CNY -51,712,278.31 at the end of 2019[20] - Net profit for Q3 2020 was a loss of ¥2,037,667.27, compared to a profit of ¥35,278,891.61 in Q3 2019, representing a significant decline[27] - The gross profit margin for Q3 2020 was approximately -39.1%, compared to a positive margin in Q3 2019[27] - The company reported a total comprehensive loss of ¥2,037,667.27 for Q3 2020, compared to a comprehensive income of ¥35,278,891.61 in Q3 2019[28] - The net profit for Q3 2020 was -1,749,055.34, compared to a profit of 35,803,449.05 in Q3 2019, indicating a significant decline[31] Assets and Liabilities - Total assets decreased by 1.42% to CNY 667,817,126.49 compared to the end of the previous year[6] - Current assets totaled CNY 616,497,529.12, slightly down from CNY 622,558,169.47, indicating a decrease of about 1.0%[18] - Total liabilities decreased to CNY 38,860,525.17 from CNY 44,823,297.56, showing a decline of approximately 13.3%[20] - The company's equity decreased to CNY 628,956,601.32 from CNY 632,633,722.44, a decrease of about 0.4%[20] - The non-current assets totaled CNY 51,319,597.37, down from CNY 54,898,850.53, indicating a decrease of approximately 6.5%[19] - The total liabilities to equity ratio improved to approximately 0.0619 from 0.0708, indicating a stronger equity position relative to liabilities[20] Cash Flow - Net cash flow from operating activities for the year-to-date period was a negative CNY 11,889,789.21, compared to a negative CNY 4,766,120.75 in the previous year[6] - Cash received from operating activities decreased by 93.69% to CNY 336,734.62 due to fewer related cash receipts[14] - The net cash flow from operating activities for Q3 2020 was -11,889,789.21, worsening from -4,766,120.75 in Q3 2019[34] - The cash and cash equivalents at the end of Q3 2020 stood at 13,532,177.01, down from 515,888,376.31 at the end of Q3 2019, showing a decrease of approximately 97.4%[35] - The cash inflow from operating activities totaled 27,747,112.95 in Q3 2020, compared to 33,229,649.73 in Q3 2019, reflecting a decrease of approximately 16.5%[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,577[10] - The largest shareholder, Longxin Holdings Co., Ltd., held 33.45% of the shares, totaling 62,901,231 shares, which are frozen[10] Expenses and Costs - Management expenses increased by 78.13% to CNY 15,642,530.52 mainly due to higher restructuring project fees and travel expenses[14] - Total operating costs for Q3 2020 increased to ¥22,255,566.86, up 13.5% from ¥19,504,331.22 in Q3 2019[26] - Management expenses for Q3 2020 were ¥6,878,580.29, significantly higher than ¥2,673,379.76 in Q3 2019, indicating increased operational costs[26] Investment Activities - Investment income dropped by 98.17% to CNY 883,047.90 compared to the previous period due to reduced funds occupied income[14] - The company plans to acquire 100% equity of Guangzhou Weinen Electromechanical Co., Ltd. through a combination of share issuance and cash payment[14] - The company is currently progressing with the restructuring work, including audits and due diligence, related to the acquisition[14] - Investment activities generated a net cash inflow of 6,295,424.29 in the first nine months of 2020, compared to 513,836,612.61 in the same period of 2019, indicating a significant drop[34] Government Subsidies - The company received government subsidies amounting to CNY 173,908.36 related to its normal business operations[8] Other Financial Metrics - The weighted average return on net assets decreased by 5.701 percentage points to -0.568%[6] - Non-recurring gains and losses totaled CNY 4,155,729.58 for the year-to-date period[9] - Prepayments increased by 444.04% to CNY 932,877.22 due to higher payments for equipment and materials[13] - Other receivables rose by 70.29% to CNY 1,299,815.70 primarily from increased deposits and prepayments[13] - Inventory decreased by 43.53% to CNY 6,446,977.60 due to increased shipment volumes[13]