Yuancheng gold(SH:600766)2020-10-28 16:00Financial Performance - Operating revenue for the first nine months was ¥19,373,197.63, a decrease of 21.71% year-on-year[7] - Net profit attributable to shareholders was -¥1,734,386.82, representing a decline of 450.54% compared to the same period last year[7] - Basic and diluted earnings per share were both -¥0.0077, a decrease of 450% from the previous year[8] - The company reported a significant decline in net profit, indicating challenges in operational efficiency and market conditions[7] - Total operating revenue for Q3 2020 was CNY 1,002,577.76, a decrease of 59.7% compared to CNY 2,486,173.33 in Q3 2019[29] - The net profit for Q3 2020 was a loss of CNY 1,247,139.74, compared to a profit of CNY 238,506.77 in Q3 2019[27] - The company's profit before tax for Q3 2020 was -1,329,142.40 RMB, compared to -545,788.66 RMB in Q3 2019, indicating a worsening financial performance[30] Cash Flow - Cash flow from operating activities showed a net outflow of -¥6,089,286.57, worsening by 18.09% compared to the same period last year[7] - The net cash flow from operating activities for the first nine months of 2020 was -6,089,286.57 RMB, compared to -5,156,464.73 RMB in the same period of 2019, showing a worsening cash flow situation[31] - The company generated 6,350,000.00 RMB from investment activities in the first nine months of 2020, compared to 895,976.76 RMB in the same period of 2019, indicating a substantial increase in cash inflow from investments[32] - Cash inflow from investment activities amounted to $6,350,000.00, up from $1,000,000.00 in the previous year, reflecting a strong recovery in investment cash inflows[35] - The net cash flow from investment activities was $6,350,000.00, compared to $1,000,000.00 in the prior year, showing a substantial increase[35] - The company's cash outflow from financing activities in the first nine months of 2020 was 7,322,094.51 RMB, compared to 17,912,000.00 RMB in the same period of 2019, showing a decrease of approximately 59.3%[32] Assets and Liabilities - Total assets at the end of the reporting period reached ¥154,567,740.18, an increase of 1.71% compared to the end of the previous year[7] - Net assets attributable to shareholders decreased by 2.83% to ¥59,532,031.96 compared to the end of the previous year[7] - Total liabilities increased to CNY 94,853,760.89 in Q3 2020 from CNY 90,253,524.56 in Q3 2019, reflecting a growth of approximately 6%[22] - The total equity attributable to shareholders decreased to CNY 60,815,621.52 from CNY 62,397,027.15 year-over-year, a decline of about 2.85%[22] - The company's total assets as of September 30, 2020, amounted to CNY 155,669,382.41, an increase from CNY 152,650,551.71 at the end of 2019[22] Shareholder Information - The total number of shareholders is 29,835[13] - The company has a major shareholder, Xu Chengdong, holding 28.83% of shares, with a total of 64,640,000 shares[13] Operational Efficiency - Operating costs decreased to CNY 16,451,635.78, down 20.25% from CNY 20,628,305.53, attributed to lower sales costs[14] - The company's management expenses for Q3 2020 were CNY 1,642,625.46, an increase from CNY 913,738.35 in Q3 2019[29] - The company reported an asset impairment loss of CNY 799,294.64 in Q3 2020, compared to CNY 853,739.38 in Q3 2019[28] Tax and Other Expenses - The company reported a significant decrease in tax payables by 93.88% to CNY 80,213.98 from CNY 1,310,608.44, due to the payment of prior tax liabilities[14] - Tax payments increased significantly to $1,844,416.17 from $469,523.65, indicating a rise in tax obligations[35] - Other cash payments related to operating activities rose to $5,249,459.55 from $528,163.12, highlighting increased operational expenditures[35] Report Status - The report was unaudited, highlighting the need for caution in interpreting the financial data presented[5]