QJCT(SH:600706)2020-10-23 16:00Financial Performance - Net profit attributable to shareholders decreased by 133.83% to a loss of CNY 34,686,002.23 compared to the same period last year[6]. - Operating revenue decreased by 29.99% to CNY 692,099,848.44 compared to the same period last year[5]. - Basic earnings per share decreased by 133.33% to CNY -0.16 compared to the same period last year[5]. - The weighted average return on equity decreased by 12.89 percentage points to -3.34% compared to the same period last year[5]. - Operating profit decreased by 135.15% to a loss of ¥40,628,043.32, significantly impacted by reduced ticket sales due to the pandemic[16]. - Total profit amounted to a loss of ¥42,418,926.69, reflecting a 135.39% decline driven by decreased ticket revenue[16]. - Net profit fell to a loss of ¥34,853,107.22, a 133.93% decrease attributed to the pandemic's impact on ticket sales[16]. - The company anticipates a cumulative net profit loss for the year due to the impact of COVID-19, with significant operational disruptions from January 2020[25]. Assets and Liabilities - Total assets increased by 15.22% to CNY 3,048,157,738.23 compared to the end of the previous year[5]. - The equity attributable to the parent company decreased to CNY 1,018.44 million, a decline of CNY 100.61 million or 8.99% year-on-year[13]. - Total liabilities amounted to CNY 2,026.56 million, an increase of CNY 606.73 million or 42.73% compared to the previous year[15]. - The total liabilities of the company reached RMB 2,026,558,302.18, compared to RMB 1,586,806,105.73 at the end of 2019, marking an increase of about 27.8%[30]. - The company’s total equity decreased to CNY 1,171,395,611.99 from CNY 1,200,877,264.80 at the end of 2019, a decrease of approximately 2.45%[32]. Cash Flow - Net cash flow from operating activities decreased by 112.80% to a negative CNY 6,384,581.93 compared to the same period last year[5]. - Cash inflow from operating activities decreased by 40.89% to ¥691,999,531.46, mainly due to reduced sales receipts[16]. - Cash received from sales and services declined by 43.51% to ¥603,034,213.48, significantly affected by the pandemic[16]. - The company's cash flow from operating activities decreased by 37.69% to CNY 698,384,113.39 compared to the previous year, primarily due to reduced costs impacted by the pandemic[17]. - The company reported a total cash inflow from financing activities of CNY 741,470,000.00, significantly up from CNY 200,458,408.83 in the same period last year[37]. - The total cash and cash equivalents at the end of the period reached CNY 339,280,454.50, up from CNY 215,998,241.98 at the end of the same period last year[37]. Shareholder Information - The total number of shareholders reached 14,104 at the end of the reporting period[10]. - The largest shareholder, Xi'an Qujiang Tourism Investment (Group) Co., Ltd., holds 53.16% of the shares[10]. Operational Impact - The company experienced a significant decline in ticket revenue due to the impact of the pandemic[6]. - The company has resumed operations for its managed scenic spots and hotels, with gradual recovery in tourism activities starting from March 2020[26]. - The company is actively applying for special funds to support tourism development in response to the pandemic[26]. Revenue and Cost Management - Total revenue for Q3 2020 was CNY 347,511,149.27, a slight increase from CNY 338,625,144.83 in Q3 2019, representing a growth of approximately 0.26%[33]. - Total operating costs for Q3 2020 decreased to CNY 260,194,163.42 from CNY 297,828,968.67 in Q3 2019, a reduction of about 12.67%[33]. - The gross profit margin improved to 57.1% in Q3 2020 compared to 51.6% in Q3 2019, indicating better cost management[36]. Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters to enhance revenue growth[33]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[34].