FACS(SH:600651)2020-10-30 16:00Financial Performance - Operating revenue for the period was CNY 3,176,789,928.71, down 23.76% from CNY 4,166,726,473.11 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 687,522,324.43, a significant recovery from a loss of CNY 660,096,700.06 in the previous year[18]. - Basic and diluted earnings per share were CNY 0.304, compared to a loss of CNY -0.292 in the same period last year[21]. - The total operating revenue for Q3 2020 was ¥1,149,816,739.81, a decrease of 15.3% compared to ¥1,357,279,966.78 in Q3 2019[60]. - Net profit for Q3 2020 was a loss of ¥81,369,762.60, compared to a loss of ¥384,092,747.32 in Q3 2019[64]. - The total comprehensive income attributable to the parent company was -26,809,597.72 CNY for Q3 2020, down from -301,116,540.21 CNY in Q3 2019[68]. - The total operating profit for the first three quarters of 2020 was 561,837,112.22 CNY, a recovery from -54,744,564.01 CNY in the same period of 2019[72]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,913,835,039.71, a decrease of 29.87% compared to the end of the previous year[18]. - Total liabilities decreased from ¥12,541,328,187.45 to ¥6,860,968,866.85, a reduction of about 45.4%[51]. - Total current assets decreased from ¥8,470,000,464.84 to ¥5,409,155,981.16, reflecting a significant reduction in inventory levels[45]. - Long-term equity investments decreased by 72.63% to CNY 542,106,495.98 from CNY 1,980,770,686.95, also due to the disposal of Huaxin shares[34]. - Accounts payable decreased by 73.71% to CNY 1,001,769,554.00 from CNY 3,810,351,037.90, mainly due to the disposal of Beijing Shenan[34]. - Total liabilities amounted to ¥2,679,806,388.65, down from ¥5,076,912,461.15 in the previous period[60]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -150,599,202.47, an improvement from CNY -173,097,656.01 in the same period last year[18]. - Cash inflow from investment activities reached ¥1,615,999,709.71, significantly up from ¥124,974,375.97 in the previous year[79]. - Cash inflow from operating activities totaled ¥3,603,024,306.49, down 16.6% from ¥4,324,984,691.12 in the same period last year[79]. - The ending cash and cash equivalents balance was ¥2,142,505,793.24, up from ¥1,270,422,711.09 year-over-year[81]. Equity and Investments - Net assets attributable to shareholders of the listed company increased by 165.72% to CNY 2,907,937,593.58 from CNY 1,094,357,867.02 at the end of the previous year[18]. - The company reported a significant increase of 57538.13% in other equity instruments to CNY 1,257,205,066.74 from CNY 2,181,203.91[34]. - The company plans to raise up to ¥800 million through a private placement to support asset acquisitions[40]. Changes in Financial Position - Accounts receivable decreased by 33.45% to CNY 1,477,612,844.83 from CNY 2,220,368,935.79 primarily due to the disposal of Beijing Shenan[32]. - Inventory decreased significantly by 75.70% to CNY 962,904,274.26 from CNY 3,963,366,304.08, attributed to the disposal of Beijing Shenan[32]. - Long-term receivables dropped by 74.65% to CNY 203,649,683.86 from CNY 803,249,620.85 due to changes in consolidation scope[34]. Regulatory and Compliance - The company received approval from the China Securities Regulatory Commission for the acquisition of 100% equity in three subsidiaries, enhancing its asset base[21]. - The company completed the registration of shares issued for the acquisition of subsidiaries on August 27, 2020, integrating them into its consolidated financial statements[21]. - The company has implemented new revenue and leasing standards starting January 1, 2020, which did not have a significant impact on the retained earnings and other comprehensive income for the reporting period[94].