HIKING(SH:600735)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders was CNY 34,948,038.24, representing a decline of 47.50% year-on-year[6] - Operating revenue for the first nine months was CNY 937,853,960.35, down 14.39% from the same period last year[6] - The net profit attributable to shareholders decreased by 47.50% to ¥34,948,038.24, primarily due to the impact of COVID-19 on operating income[13] - The company reported a decrease in net profit after deducting non-recurring gains and losses, totaling CNY 34,763,829.04, down 47.64% year-on-year[6] - Basic earnings per share decreased to CNY 0.0929, down 47.51% from CNY 0.1770 in the same period last year[7] - The company reported a net profit of CNY 90,233,043.16 for the first three quarters of 2020, compared to CNY 66,647,278.45 for the same period in 2019[24] - Net profit for Q3 2020 was ¥20.42 million, compared to ¥36.80 million in Q2 2020, reflecting a decline of approximately 44%[27] - The company's total comprehensive income for Q3 2020 was 50,505.55 million RMB, compared to 45,331.06 million RMB in Q3 2019[31] Cash Flow - The net cash flow from operating activities was CNY 15,086,867.42, a significant decrease of 82.90% compared to the previous year[6] - Operating cash flow decreased by 82.90% to ¥15,086,867.42, significantly affected by the decline in revenue due to the pandemic[13] - The cash flow from operating activities for the first three quarters of 2020 was 15,086.87 million RMB, down from 88,216.78 million RMB in the same period of 2019[33] - The net cash flow from operating activities for the third quarter of 2020 was -CNY 19,486,608.62, a decline from a positive net cash flow of CNY 10,801,847.17 in the third quarter of 2019[36] - The company experienced a significant increase in cash outflows related to operating activities, totaling CNY 61,272,136.36 in the third quarter of 2020, compared to CNY 17,702,225.48 in the same period of 2019[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,379,490,439.34, a decrease of 1.12% compared to the end of the previous year[6] - Total liabilities decreased to CNY 336,143,465.37 from CNY 339,005,271.49 year-over-year[20] - The company's total equity as of September 30, 2020, was CNY 1,043,346,973.97, compared to CNY 1,056,061,378.79 at the end of 2019[20] - Total current liabilities were CNY 317,982,817.82, a slight decrease from CNY 321,153,130.91 year-over-year[20] - Total assets as of September 30, 2020, amounted to CNY 1,395,066,650.28, unchanged from the previous year[40] - Total liabilities were reported at CNY 339,005,271.49, with no change from the previous year[40] Shareholder Information - The total number of shareholders at the end of the reporting period was 19,775[10] - The largest shareholder, Shandong Lujin Import and Export Group Co., Ltd., held 49.34% of the shares, with 185,532,352 shares pledged[10] Investments and Acquisitions - The company completed the acquisition of a 50% stake in Qingdao Senhui Graphite Co., Ltd., which is expected to contribute to future earnings[14] - Investment income increased by 35.36% to ¥3,704,489.07, driven by higher returns from joint ventures[13] - The company’s investment income for Q3 2020 was 51,655.72 million RMB, a significant increase from a loss of 792.74 million RMB in the same quarter of the previous year[30] Other Financial Metrics - The weighted average return on equity was 3.56%, a decrease of 3.72 percentage points compared to the previous year[6] - Non-recurring gains and losses amounted to CNY 572,929.74 for the current period[9] - The company's cash outflow from investing activities was ¥67,402,374.88, primarily due to the purchase of graphite mine assets[13] - The company incurred research and development expenses of 1,400,097.40 million RMB in Q3 2020, compared to 1,859,694.28 million RMB in Q3 2019[30] Future Outlook - Future outlook remains cautiously optimistic, with a focus on market expansion strategies[44] - No mergers or acquisitions were disclosed during the reporting period, indicating a stable operational strategy[44]