SG(SH:600734)2020-10-30 16:00Financial Performance - Operating revenue for the first nine months was CNY 866,584,351.52, down 58.15% from CNY 2,070,584,341.94 in the same period last year[17]. - Net profit attributable to shareholders of the listed company was CNY -359,561,733.04, a decline of 28.92% compared to CNY -278,894,068.47 in the previous year[17]. - Basic earnings per share were CNY -0.5777, a decrease of 29.09% compared to CNY -0.4475 in the previous year[17]. - The company reported a net loss of CNY -3,531,656,641.69, compared to a loss of CNY -3,172,094,908.65 in the previous period[40]. - The net profit for Q3 2020 was a loss of ¥146,516,193.43, compared to a loss of ¥100,326,876.85 in Q3 2019, reflecting a worsening of approximately 46%[52]. - The net profit for Q3 2020 was a loss of CNY 17,209,082.14, compared to a loss of CNY 12,119,377.00 in Q3 2019, indicating a worsening financial performance[60]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,324,148,251.85, a decrease of 11.23% compared to the end of the previous year[17]. - Non-current assets totaled CNY 990,519,926.44, a decrease of 3.47% from CNY 1,026,249,267.21[38]. - Total liabilities reached CNY 3,124,663,205.78, an increase from CNY 3,086,518,351.96[40]. - Current liabilities increased to CNY 3,043,311,751.46, up 1.08% from CNY 3,009,071,180.72[38]. - Total current assets decreased to ¥1,333,628,325.41 from ¥1,591,924,559.66, indicating a reduction in overall liquidity[34]. - The company reported a total equity deficit of ¥468,344,525.09, with retained earnings showing a negative balance of ¥3,172,094,908.65[81]. Cash Flow - The net cash flow from operating activities for the first nine months improved to CNY -111,524,378.53, a 61.08% increase from CNY -286,555,698.55 year-on-year[17]. - Operating cash inflow totaled CNY 830,306,476.67, a decrease of 72% compared to CNY 2,979,590,209.66 in the previous period[68]. - Operating cash outflow amounted to CNY 941,830,855.20, down from CNY 3,266,145,908.21, resulting in a net cash flow from operating activities of CNY -111,524,378.53[68]. - The overall cash and cash equivalents decreased by CNY 163,417,200.82, reflecting liquidity pressures[70]. Shareholder Information - The total number of shareholders at the end of the reporting period was 42,432[22]. - The largest shareholder, Beijing Angzhan Technology Development Co., Ltd., held 36.71% of the shares, amounting to 228,466,407 shares[22]. - The total equity attributable to shareholders was CNY -800,213,381.89, worsening from CNY -468,255,418.78[40]. Operational Insights - The company has not disclosed any new product developments or market expansion strategies in this report[17]. - The company plans to focus on improving its financial performance and exploring new market opportunities in the upcoming quarters[60]. - The company has implemented new revenue recognition standards effective January 1, 2020, which may impact future financial reporting[84]. Expenses - Operating costs decreased by 60.62% to ¥783,527,156.46 from ¥1,989,908,097.61, corresponding to the decline in revenue[26]. - R&D expenses decreased by 25.37% to ¥70,961,142.85 from ¥95,086,610.98, indicating reduced investment in research and development[26]. - Financial expenses increased by 152.55% to ¥172,134,559.69 from ¥68,158,575.81, primarily due to increased interest on short-term loans[26].