CRCH(SH:600636)2020-10-30 16:00Financial Performance - Operating revenue for the first nine months dropped by 51.82% to CNY 421,647,189.49 year-on-year[5] - Net profit attributable to shareholders increased by 583.39% to CNY 84,242,350.26 compared to the same period last year[5] - The basic earnings per share increased by 582.97% to CNY 0.1885[5] - The net profit attributable to shareholders was ¥84,242,350.26, reflecting a 583% increase compared to the previous year, driven by cost reduction and efficiency improvement initiatives[11] - The net profit for the first three quarters of 2020 was CNY 87,256,676.88, a significant increase from CNY 21,246,924.97 in the first three quarters of 2019, indicating a growth of 310.5%[32] - The total profit for the first three quarters of 2020 was CNY 95,387,958.87, compared to CNY 76,880,459.38 in the same period last year, representing a growth of 24.1%[32] - The total profit for Q3 2020 reached CNY 60,245,496.25, compared to CNY 40,345,854.07 in the same period last year, marking a year-over-year increase of 49.5%[32] - The net profit for Q3 2020 was -9,469,063.53 RMB, compared to -9,668,146.77 RMB in Q3 2019, indicating a slight improvement[35] Cash Flow and Liquidity - The net cash flow from operating activities for the first nine months was CNY 134,847,101.63, a significant recovery from a negative cash flow of CNY -32,164,778.58 in the previous year[5] - Cash flow from operating activities showed a positive net amount of ¥134,847,101.63, a significant recovery from a negative cash flow of ¥32,164,778.58 in the previous year[11] - The net cash flow from operating activities for Q3 2020 was 134,847,101.63 RMB, a significant recovery from -32,164,778.58 RMB in Q3 2019[37] - Cash and cash equivalents at the end of Q3 2020 stood at 951,965,429.78 RMB, compared to 781,803,065.69 RMB at the end of Q3 2019, reflecting an increase of approximately 21.8%[38] - The total cash and cash equivalents at the end of the period amounted to 299,456,489.42 RMB, down from 468,510,731.05 RMB at the beginning of the period, resulting in a net decrease of 169,054,241.63 RMB[41] Assets and Liabilities - Total assets decreased by 9.24% to CNY 3,205,074,265.57 compared to the end of the previous year[5] - The company's total assets amounted to 3,205,074,265.57 CNY, a decrease from 3,531,456,561.44 CNY at the end of 2019[24] - The company's current assets totaled 1,447,352,451.69 CNY, down from 1,751,125,983.93 CNY at the end of 2019[24] - The company's total liabilities decreased to 140,877,898.00 CNY from 414,687,302.32 CNY at the end of 2019[25] - The company's equity attributable to shareholders was 2,974,655,484.91 CNY as of September 30, 2020, compared to 3,030,242,703.08 CNY at the end of 2019[25] - The total liabilities as of September 30, 2020, were approximately ¥30.94 million, an increase from ¥26.44 million at the end of 2019[28] Shareholder Information - The total number of shareholders reached 27,607 by the end of the reporting period[9] - The top shareholder, China Cultural Industry Development Group Co., Ltd., holds 24.66% of the shares[9] Investment Activities - Investment income surged by 1,440% to ¥30,276,942.59, primarily due to gains from the disposal of equity in two chemical subsidiaries[11] - The company received cash inflows from investment activities totaling 800,894,560.81 RMB in the first nine months of 2020, compared to 274,056,660.06 RMB in the same period of 2019, marking an increase of approximately 192.5%[37] - The company achieved a cash inflow of 600,000,000.00 RMB from investment recoveries in the first nine months of 2020, compared to 231,965,863.01 RMB in the same period of 2019, representing an increase of approximately 158.5%[37] Operational Metrics - The company's operating revenue for Q3 2020 was ¥421,647,189.49, a decrease of 52% compared to ¥875,115,267.07 in the same period last year[11] - Operating costs decreased by 67% to ¥221,564,146.73 from ¥667,326,065.12 year-on-year, in line with the drop in revenue[11] - The company reported a total of 1,793 sales contracts signed by its subsidiary, with a total contract value of 262 million CNY in the first three quarters of 2020[19] - The company confirmed revenue of 22 million CNY from the "Internet + Education" project in the third quarter of 2020[19] Research and Development - Research and development expenses increased to approximately ¥21.37 million in Q3 2020, up 33.5% from ¥16.03 million in Q3 2019[30] Other Financial Metrics - The company completed a share buyback of 8,300,083 shares, accounting for 1.86% of total shares, at an average price of 11.54 CNY per share, totaling 95,821,738 CNY[18] - The company reported a credit impairment loss of CNY -62,316.46 for Q3 2020, compared to CNY 1,202,867.50 in Q3 2019, showing a decrease in losses[34]