CBEST(SH:600729)2021-01-08 16:00Financial Performance - Net profit attributable to shareholders increased by 5.90% to CNY 958,090,978.66 year-to-date[17] - Operating revenue decreased by 39.57% to CNY 15,453,781,271.71 year-to-date[17] - The company's operating revenue for the first nine months of 2020 was CNY 15,453,781,271.71, a decrease of 39.57% compared to CNY 25,573,867,847.32 in the same period of 2019[28] - Total operating revenue for Q3 2020 was ¥4,913,009,342.51, a decrease of 33.5% compared to ¥7,378,447,325.63 in Q3 2019[52] - Net profit for Q3 2020 was ¥211,639,581.21, a decline of 10.0% from ¥234,664,818.05 in Q3 2019[54] - Total comprehensive income for the first three quarters of 2020 was CNY 991,791,831.78, down from CNY 1,510,114,621.68 in the same period of 2019, a decrease of 34.3%[63] Cash Flow - Net cash flow from operating activities increased by 25.94% to CNY 1,068,187,803.85 year-to-date[17] - Cash inflow from operating activities for the first three quarters of 2020 was CNY 24,706,625,794.90, compared to CNY 27,261,052,515.15 in the same period of 2019, a decline of 9.5%[63] - The net cash flow from operating activities was 1,067,008,559.77 RMB, a decrease of 30.0% compared to 1,523,583,554.36 RMB in the same period last year[68] - Total cash inflow from operating activities reached 25,434,190,908.13 RMB, significantly up from 12,782,274,170.29 RMB year-on-year[68] Assets and Liabilities - Total assets increased by 6.35% to CNY 16,109,587,969.96 compared to the end of the previous year[17] - Current liabilities rose to ¥8,744,806,693.30, compared to ¥8,386,633,822.25, reflecting an increase of about 4.28%[41] - Total liabilities as of the end of the reporting period were ¥6,622,564,270.02, an increase of 28.3% from ¥5,161,706,735.09 in the previous year[48] - The total cash and cash equivalents at the end of the period reached 2,516,514,232.45 RMB, up from 1,431,223,412.13 RMB year-on-year[71] Shareholder Information - The number of shareholders at the end of the reporting period was 13,181[20] - The company reported a total of ¥4,042,702,720.92 in undistributed profits, an increase of 20.8% from ¥3,347,676,668.59 in the previous year[48] Government Support and Other Income - The company received government subsidies amounting to CNY 64,015,827.81 year-to-date[19] - The company’s other income rose by 206.23% to CNY 58,833,716.69, primarily due to increased government subsidies recognized during the period[28] Employee Compensation - The company’s employee compensation payable increased by 75.25% to CNY 1,033,372,434.19, reflecting the accrual of annual performance bonuses[27] - The company reported a significant increase in employee compensation liabilities, rising to ¥1,033,372,434.19 from ¥589,668,998.21, an increase of approximately 75.36%[41] Investment and Financing Activities - The net cash flow from investing activities was -803,288,552.84 RMB, worsening from -651,418,716.63 RMB year-on-year[68] - The net cash flow from financing activities was 643,436,926.25 RMB, a significant improvement from -264,177,202.25 RMB in the previous year[71] - The company received 950,000,000.00 RMB from borrowings, indicating a strong financing activity during the quarter[71] Future Plans - The company plans to focus on market expansion and new product development in the upcoming quarters[52] - The company plans to focus on market expansion and new product development to improve future performance[59]