NINGBO FUDA(SH:600724)2020-10-26 16:00Financial Performance - Operating revenue for the first nine months was CNY 1,856,219,661.80, down 18.62% year-on-year[18]. - Net profit attributable to shareholders for the first nine months was CNY 258,445,643.84, a decline of 33.62% compared to the same period last year[18]. - Basic earnings per share for the reporting period were CNY 0.1788, down 33.63% year-on-year[18]. - The weighted average return on equity decreased by 5.7562 percentage points to 8.9827%[18]. - Net profit for the first three quarters of 2020 was ¥238,260,948.11, compared to ¥401,264,616.40 in the same period of 2019, indicating a decline of 40.6%[58]. - The total operating profit for Q3 2020 was approximately 172.51 million, a decrease from 184.42 million in Q3 2019, representing a decline of about 5%[63]. - The net profit for Q3 2020 was approximately 139.01 million, compared to 144.59 million in Q3 2019, reflecting a decrease of around 4%[66]. - The total profit for the first three quarters of 2020 reached approximately 651.43 million, down from 451.21 million in the same period of 2019, indicating an increase of about 44%[63]. - The total comprehensive income for Q3 2020 was approximately 139.01 million, compared to 144.59 million in Q3 2019, reflecting a decrease of about 4%[66]. - The total comprehensive income for the period was approximately CNY 347.62 million, compared to CNY 227.21 million in the previous period, reflecting a growth of 53%[73]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,935,631,507.42, a decrease of 18.04% compared to the end of the previous year[18]. - Total assets as of September 30, 2020, were ¥3,105,650,746.91, down from ¥3,682,067,828.71 at the end of 2019, a decrease of 15.6%[56]. - Total liabilities amounted to ¥551,393,884.87 in Q3 2020, compared to ¥964,807,298.38 in Q3 2019, a reduction of 42.9%[56]. - Total current liabilities were approximately 565.48 million, with short-term borrowings at 3 million and accounts payable not specified[98]. - Total non-current liabilities stood at approximately 399.33 million, primarily from long-term borrowings[98]. - Total liabilities amounted to approximately 964.81 million, indicating a manageable debt level[98]. - The company reported a total current liability of CNY 657.79 million, down from CNY 981.96 million year-over-year[47]. Cash Flow - Net cash flow from operating activities increased by 32.00% to CNY 592,172,613.29 for the first nine months[18]. - Cash inflow from investment activities totaled CNY 1.17 billion, a significant decrease from CNY 4.92 billion in the same period last year, indicating a decline of 76%[78]. - The net cash flow from financing activities was negative at CNY -1.14 billion, compared to CNY -3.16 billion in the previous year, showing an improvement of 64%[79]. - Total cash inflow from operating activities was CNY 2.02 billion, slightly down from CNY 2.08 billion, reflecting a decrease of 3%[76]. - The company paid CNY 1.21 billion in taxes, a decrease of 41% compared to CNY 3.59 billion in the previous year[76]. - The company’s cash outflow for investment activities was CNY 474.21 million, significantly lower than CNY 3.13 billion in the same period last year, indicating a reduction of 85%[83]. Shareholder Information - The total number of shareholders at the end of the reporting period was 31,066[24]. - The largest shareholder, Ningbo Urban Construction Investment Holding Co., Ltd., held 76.95% of the shares[24]. - Shareholders' equity totaled ¥2,554,256,862.04 as of September 30, 2020, down from ¥2,717,260,530.33 at the end of 2019, a decrease of 6.0%[58]. Investments and Projects - The company approved a project for the comprehensive upgrade and renovation of Tianyi Plaza, which has been in operation for over 17 years[33]. - The company plans to invest CNY 80.57 million annually with a projected profit of CNY 1.602 million from the relocation project of its subsidiary, which has a total investment of CNY 258.21 million[37]. - The company has invested CNY 23.11 million in the Tianyi Plaza renovation project, which has a total budget of CNY 80 million and is expected to be completed in 2020[36]. - The company is actively monitoring the progress of compensation payments related to the land use rights dispute, amounting to CNY 80 million[37]. Strategic Focus - The company reported a decrease in research and development expenses, reflecting a strategic focus on cost management[59]. - The company plans to expand its market presence and explore potential mergers and acquisitions to drive future growth[59]. - The company is actively developing new products and technologies to enhance its competitive edge in the market[59]. - Future outlook includes potential growth driven by new product launches and market expansion initiatives[100].