ISS(SH:600756)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders was CNY -105,643,922.93, a decline of 84.01% year-on-year[6] - Operating revenue for the first nine months was CNY 729,732,221.43, down 5.22% from the same period last year[6] - Total operating revenue for Q3 2020 was ¥289,495,190.22, an increase from ¥276,091,137.67 in Q3 2019, representing a growth of approximately 7.1%[24] - Total revenue for Q3 2020 was approximately ¥287.44 million, a decrease of 1.4% compared to ¥290.82 million in Q3 2019[29] - The company reported a total profit (loss) of approximately -¥9.66 million for Q3 2020, compared to a profit of ¥1.09 million in Q3 2019[30] - The net operating profit for Q3 2020 was -¥14,023,149.48, an improvement from -¥25,339,914.68 in Q3 2019[25] - The company reported a decrease in undistributed profits from ¥328,845,841.64 in Q3 2019 to ¥240,047,508.79 in Q3 2020[22] Assets and Liabilities - Total assets decreased by 5.23% to CNY 3,367,448,382.09 compared to the end of the previous year[6] - The total current assets increased to CNY 2,273,951,335.72 from CNY 2,203,388,955.60, marking an increase of about 3.19% year-over-year[16] - The total liabilities decreased to CNY 1,046,627,685.17 from CNY 1,116,346,870.30, indicating a reduction of about 6.24%[17] - The company's long-term equity investments decreased to CNY 549,381,537.02 from CNY 765,725,559.97, a decline of about 28.31%[16] - Total liabilities for Q3 2020 were ¥1,655,093,869.04, compared to ¥1,715,942,819.29 in Q3 2019, showing a decrease of approximately 3.5%[22] - The company’s total non-current assets were ¥1,157,530,448.31 in Q3 2020, a decrease from ¥1,198,895,854.99 in the previous year[22] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -159,412,911.44, a 47.96% improvement compared to the previous year's outflow[6] - The net cash flow from operating activities for the first three quarters of 2020 was -CNY 159,412,911.44, an improvement from -CNY 306,313,474.69 in the previous year, indicating a reduction in cash outflow by about 48%[33] - The company reported a net cash inflow from investment activities of CNY 172,478,564.64 in the first three quarters of 2020, compared to CNY 115,363,927.94 in the same period of 2019, marking an increase of approximately 49.5%[34] - The company’s cash outflows from operating activities totaled CNY 947,672,177.92 in the first three quarters of 2020, down from CNY 1,060,961,196.17 in the same period of 2019, indicating a decrease of approximately 10.7%[33] - Cash and cash equivalents at the end of the third quarter of 2020 stood at CNY 481,470,172.86, a significant increase from CNY 89,422,007.29 at the end of the same period in 2019[34] Inventory and Receivables - Other receivables increased by 226.72% to CNY 300,470,064.79, primarily due to an increase in receivable dividends[10] - Inventory rose by 82.11% to CNY 150,577,142.41, mainly due to an increase in unfinished projects[10] - The company's accounts receivable increased to CNY 366,934,588.24 from CNY 365,363,667.38, showing a slight increase of about 0.43%[16] - The inventory increased significantly to CNY 150,577,142.41 from CNY 82,686,753.45, representing an increase of approximately 81.92%[16] Expenses and Income - Financial expenses decreased significantly by 2,489.37% to CNY -10,418,498.49, mainly due to increased interest income from time deposits[12] - Investment income fell by 68.16% to CNY 16,806,371.91, impacted by intensified market competition affecting a joint venture[12] - Government subsidies recognized in the current period amounted to CNY 1,278,607.09, contributing to an increase in other income[8] - Research and development expenses for Q3 2020 amounted to ¥65,839,231.85, slightly up from ¥64,509,576.20 in Q3 2019[25] - The company incurred a tax expense of approximately ¥882,950.77 in Q3 2020, compared to a tax benefit of -¥794,306.42 in Q3 2019[30] Shareholders' Equity - The equity attributable to shareholders decreased to CNY 2,320,758,391.88 from CNY 2,436,954,708.87, a decline of approximately 4.77%[18] - Shareholders' equity totaled ¥1,723,883,417.79 in Q3 2020, down from ¥1,812,766,950.96 in Q3 2019[22] - The company reported a retained earnings adjustment of $766,802.85 due to the new revenue recognition standards[46]