DZUG(SH:600635)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders was CNY 203,886,707.15, down 37.57% year-on-year[17]. - Operating revenue for the period was CNY 3,609,531,397.99, representing a decline of 15.38% compared to the same period last year[17]. - Basic and diluted earnings per share were both CNY 0.069057, down 37.57% year-on-year[17]. - The company reported a net profit of CNY 3,097,843.50 in Q3 2020, compared to a profit of CNY 144,090,383.54 in Q3 2019, indicating a significant decline[59]. - The company reported a net profit of -23,574,902.88 RMB for the third quarter of 2020, compared to a net profit of 170,762,184.94 RMB in the same quarter of 2019, indicating a significant decline[62]. - The company’s total profit for the third quarter of 2020 was -126,172,791.34 RMB, compared to a profit of 178,208.18 RMB in the same period last year, indicating a drastic decline in profitability[68]. Cash Flow - Net cash flow from operating activities was negative CNY 189,163,392.34, a decrease of 116.86% compared to the previous year[17]. - The net cash flow from operating activities for the first nine months of 2020 was RMB -189,163,392.34, a decrease of 116.86% compared to the same period last year[29]. - The total cash outflow from operating activities was 4,397,928,839.00 RMB, compared to 3,442,653,656.94 RMB in the previous year[74]. - The company incurred a cash outflow of 3,645,172,405.08 RMB for purchasing goods and services, which was higher than 2,723,358,286.85 RMB in the same period last year[74]. - Cash inflow from investment activities reached RMB 1,264,284,418.96, up from RMB 752,165,052.36 in the previous year, marking a 68% increase[79]. - Net cash flow from financing activities was RMB 140,263,324.64, down from RMB 388,647,672.99 year-on-year[81]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 22,561,859,478.72, a decrease of 0.02% compared to the end of the previous year[17]. - Total current assets decreased to ¥5,160,447,875.42 from ¥5,582,166,289.99, a decline of approximately 7.55% year-over-year[40]. - Total non-current assets increased to ¥17,401,411,603.30 from ¥16,983,232,087.60, an increase of about 2.46%[43]. - Total liabilities decreased to ¥13,027,952,734.59 from ¥13,316,597,973.46, a reduction of approximately 2.16%[45]. - The company’s total assets slightly decreased to ¥22,561,859,478.72 from ¥22,565,398,377.59, a negligible decline of about 0.02%[47]. - The total amount of short-term borrowings increased by 37.55% to RMB 2,994,224,956.42[33]. Shareholder Information - The total number of shareholders at the end of the reporting period was 179,052[25]. - The largest shareholder, Hong Kong Central Clearing Limited, held 533,537,000 shares, accounting for 18.07% of total shares[25]. - Shanghai Dazhong Enterprise Management Co., Ltd. held 495,143,859 shares, representing 16.77% of total shares, with 302,000,000 shares pledged[25]. - As of September 30, 2020, Shanghai Volkswagen Enterprise Management Co., Ltd. held a total of 556,321,859 shares, accounting for approximately 18.84% of the company's total issued shares[28]. Other Financial Metrics - The weighted average return on equity decreased by 1.75 percentage points to 2.50%[17]. - The company's financial expenses increased by 35.50% year-on-year, amounting to RMB 267,648,119.50, primarily due to increased exchange losses[33]. - The company's other income increased by 52.67% to RMB 13,619,122.11, mainly due to an increase in government subsidies[36]. - The company recognized an increase in long-term equity investments by CNY 6,686,151.32 due to the implementation of new accounting standards[92].