SD(SH:600626)2020-10-30 16:00Financial Performance - Operating revenue for the first nine months was CNY 7,854,644,158.25, down 28.69% year-on-year [8]. - Net profit attributable to shareholders was CNY -118,722,140.21, a decline of 132.18% compared to the same period last year [8]. - Basic earnings per share were CNY -0.1393, a decrease of 132.18% year-on-year [8]. - The company reported a net cash flow from operating activities of CNY -11,157,251.34 for the first nine months [8]. - Total revenue for Q3 2020 was CNY 2,991,800,370.77, a decrease of 20% compared to CNY 3,735,270,223.65 in Q3 2019 [27]. - Total revenue for the first three quarters of 2020 reached CNY 7,854,644,158.25, down 29.6% from CNY 11,015,510,967.44 in the same period of 2019 [27]. - The company reported a net profit of CNY 3,614,202.19 in Q3 2020, compared to a loss of CNY 6,224,024.24 in Q3 2019 [28]. - Net profit for Q3 2020 was -18,942,975.16, a significant decline compared to the previous year [29]. - The company reported a total comprehensive income of -46,887,553.72 for Q3 2020, a decrease from 7,567,443.61 in Q3 2019 [32]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,397,627,825.52, a decrease of 2.41% compared to the end of the previous year [8]. - Current liabilities increased by 278.43% to RMB 1,113,535,175.54 from RMB 294,251,514.63, primarily due to the transfer of long-term borrowings [15]. - Long-term borrowings decreased by 36.37% to RMB 1,398,732,989.88 from RMB 2,198,281,649.70 [15]. - The total liabilities as of September 30, 2020, were approximately ¥6.77 billion, compared to ¥6.67 billion at the end of 2019 [21]. - Total liabilities stood at 6,667,557,099.19 RMB, with non-current liabilities accounting for 2,573,683,890.72 RMB [44]. - Total assets amounted to RMB 4,084,048,582.54 as of September 30, 2020 [48]. - Total liabilities reached RMB 1,018,755,561.80, with current liabilities at RMB 736,555,348.17 [48]. Cash Flow - The company's cash payments for operating activities decreased by 32.60% year-on-year, totaling approximately ¥408.72 million [16]. - Cash received from operating activities decreased by 53.46% year-on-year, amounting to approximately ¥331.79 million [16]. - Cash payments for investments decreased by 38.23% year-on-year, totaling approximately ¥372.58 million [16]. - Cash received from financing activities increased by 47.83% year-on-year, reaching approximately ¥20.47 million [16]. - The company reported a total cash inflow from financing activities of 2,381,150,793.64 RMB in the first three quarters of 2020, down from 2,676,560,709.89 RMB in the same period of 2019 [37]. - The cash outflow from investing activities was 671,665,821.76 RMB in the first three quarters of 2020, compared to 1,023,567,821.52 RMB in the same period last year, indicating a reduction in investment spending [36]. Shareholder Information - The total number of shareholders at the end of the reporting period was 54,521 [10]. - The largest shareholder, Shanghai Shenda (Group) Co., Ltd., held 31.07% of the shares, with 44,134,469 shares frozen [10]. Expenses and Income - Non-operating income for the first nine months included government subsidies amounting to CNY 26,112,026.95 [9]. - Financial expenses decreased by 50.82% to RMB 82,967,124.07 from RMB 168,694,648.88, attributed to lower interest expenses and exchange rate fluctuations [15]. - The company reported a significant increase in restructuring expenses, with operating expenses rising by 2,029.08% to RMB 34,541,166.21 from RMB 1,622,348.53 [15]. - The company’s tax expenses decreased by 53.33% to RMB 88,466,420.59 from RMB 189,545,910.62, mainly due to reduced income from equity disposals [15]. - The company incurred a financial expense of 26,405,706.25 in Q3 2020, compared to -4,736,702.73 in the same quarter last year [33]. Investment and Research - Investment income dropped by 59.07% to RMB 312,851,561.06 from RMB 764,419,637.45, mainly due to reduced gains from equity disposals [15]. - Research and development expenses for the first three quarters of 2020 were CNY 104,828,126.41, down from CNY 136,935,393.37 in the same period of 2019 [28]. - Research and development expenses for Q3 2020 were 219,068.28, down from 804,443.57 in Q3 2019 [33].