SCGS(SH:600678)2020-10-30 16:00Financial Performance - Operating revenue for the first nine months was CNY 179,729,367.98, down 22.55% year-on-year[6] - Net profit attributable to shareholders was CNY 27,209,521.20, a decrease of 4.04% compared to the same period last year[7] - Basic and diluted earnings per share increased by 25.12% to CNY 0.1036[7] - The company's revenue for Q3 2020 was approximately ¥179.73 million, a decrease of ¥52.33 million or 22.55% compared to the same period last year[14] - Operating costs for the same period were ¥100.18 million, down by ¥65.66 million or 39.59% year-over-year[15] - The net profit for Q3 2020 was ¥36.27 million, an increase of ¥7.44 million or 25.81% compared to the previous year[16] - The profit attributable to the parent company's shareholders was ¥36.16 million, up by ¥7.25 million or 25.07% year-over-year[16] - The total comprehensive income decreased by 99.87% due to the transfer of a subsidiary's investment income[14] - The company reported a net cash inflow of 20 million RMB from a loan received from Sichuan Emei Mountain Rural Commercial Bank[17] - The company reported a total investment loss of -239,123.98 RMB for the first nine months of 2020[50] Assets and Liabilities - Total assets at the end of the reporting period were CNY 483,747,039.14, a decrease of 0.07% compared to the end of the previous year[6] - The total non-current assets decreased to ¥385,197,020.27 from ¥407,384,008.73, a reduction of approximately 5.5%[36] - Total liabilities decreased to ¥325,454,672.96 from ¥361,475,542.99, reflecting a decrease of about 9.9%[37] - The company's total assets slightly decreased to ¥483,747,039.14 from ¥484,069,541.50, a marginal decline of 0.07%[36] - The company's total equity increased to ¥158,292,366.18 from ¥122,593,998.51, an increase of about 28.9%[37] - Total liabilities as of Q3 2020 amounted to ¥84,725,604.91, down from ¥126,034,618.86 in the previous year[44] - Total liabilities were reported at ¥361,475,542.99, with non-current liabilities at ¥196,741,067.48[60] Cash Flow - Net cash flow from operating activities decreased by 48.10% to CNY 33,324,984.54 compared to the same period last year[6] - The company reported a significant increase in cash received from operating activities, totaling ¥97.84 million, a decrease of 51.56% compared to the previous year[16] - The net cash flow from operating activities for Q3 2020 was 33,324,984.54 RMB, compared to 64,204,451.33 RMB in Q3 2019, showing a decrease of about 48.2%[52] - The cash flow from investing activities showed a net outflow of ¥5,529,519.73, compared to a net outflow of ¥12,164,334.19 in the previous year, indicating a 54.5% improvement[56] - Cash inflow from financing activities was ¥7,000,000.00, while cash outflow totaled ¥48,439,208.33, leading to a net cash outflow of ¥41,439,208.33[56] Shareholder Information - Net assets attributable to shareholders increased by 29.32% to CNY 156,975,576.65 compared to the end of the previous year[6] - The total number of shareholders at the end of the reporting period was 55,559[10] - The company’s major shareholder provided financial assistance totaling up to RMB 300 million, later adjusted to RMB 150 million, with an outstanding principal balance of RMB 27,432,200 as of the reporting date[29] Legal and Regulatory Issues - The company is currently involved in arbitration regarding a dispute with Duralite Engineering Limited, which may impact its financial position[19] - The company has been ordered by the court to fulfill its obligations as per the arbitration ruling, which includes a penalty of 5 million RMB[20] - The company has faced legal challenges regarding the enforcement of arbitration awards, which may affect its liquidity[22] - The company is actively seeking to resolve its legal disputes to protect its financial interests[21] Investments and Disposals - The company disposed of 70% of its stake in Yinxun New Energy, resulting in a transfer gain of CNY 8,996,768.17[10] - The company invested 1.4 million RMB in its wholly-owned subsidiary, Shenzhen Yintai New Energy Investment Co., Ltd.[17] - The company disposed of a subsidiary, Shenzhen Yintai New Energy, resulting in a decrease in cash assets by 1,195,928.30 RMB[17] Financial Assistance and Borrowings - The company approved a credit limit of RMB 40 million from Emei Rural Commercial Bank, with a loan of RMB 20 million issued for working capital, secured by assets of a subsidiary[28] - The company’s wholly-owned subsidiary Shun Cai Mining applied for a loan of RMB 20 million, with a three-year term and a maximum single-use period of one year, at a rate of 2.6% above the market quote[28] - The company reported that as of March 31, 2020, a debt of RMB 240 million was transferred to a third party, requiring the major shareholder to fulfill repayment obligations[31]