SCSF(SH:600779)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 501,818,992.18, a decrease of 21.49% year-on-year[5]. - Operating revenue for the period was CNY 1,945,954,088.95, reflecting a decline of 26.58% compared to the same period last year[5]. - Basic earnings per share were CNY 1.0273, down 21.50% from the previous year[7]. - The net profit after deducting non-recurring gains and losses was CNY 493,422,302.36, a decrease of 20.11% year-on-year[5]. - Total revenue for Q3 2020 reached ¥1,141,833,072.84, an increase of 18.8% compared to ¥960,674,440.78 in Q3 2019[27]. - Net profit for Q3 2020 was ¥398,735,076.54, up 33.1% from ¥299,608,915.66 in Q3 2019[30]. - Total comprehensive income attributable to the parent company for Q3 2020 was approximately ¥398.74 million, compared to ¥299.61 million in Q3 2019, an increase of 33.1%[32]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 4,127,688,947.55, an increase of 4.60% compared to the end of the previous year[5]. - Total liabilities reached CNY 2,220,348,077.07, up from CNY 1,833,987,931.86, which is an increase of approximately 21.1%[22]. - Current liabilities increased significantly to CNY 2,215,347,477.45 from CNY 1,810,430,271.36, marking a rise of about 22.4%[22]. - Shareholders' equity decreased to CNY 1,907,340,870.48 from CNY 2,111,993,533.83, representing a decline of about 9.6%[23]. - Total assets decreased to ¥2,649,805,560.78 from ¥2,930,639,751.03, reflecting a decline of 9.6% year-over-year[26]. - Total liabilities increased to ¥1,299,834,659.15, compared to ¥929,593,114.41, marking a rise of 39.8%[26]. Cash Flow - Net cash flow from operating activities for the year-to-date was CNY 755,300,615.81, an increase of 5.01% year-on-year[5]. - Cash flow from operating activities for the first three quarters of 2020 was approximately ¥2.39 billion, down from ¥3.00 billion in the same period of 2019, a decline of 20.5%[36]. - Total cash inflow from operating activities was CNY 2,429,188,471.51, down from CNY 3,047,008,469.04 in the previous year, indicating a decrease of about 20.3%[37]. - Cash outflow from operating activities totaled CNY 1,673,887,855.70, compared to CNY 2,327,761,476.78 in Q3 2019, representing a reduction of approximately 28.1%[37]. - The net cash flow from investment activities was negative at CNY -142,658,166.70, slightly worse than CNY -141,361,846.53 in the same period last year[37]. - The net cash flow from financing activities was CNY -547,588,155.66, compared to CNY -429,669,533.57 in Q3 2019, reflecting a worsening of about 27.5%[38]. Shareholder Information - The total number of shareholders at the end of the reporting period was 42,860[10]. - The largest shareholder, Sichuan Chengdu Shuijingfang Group Co., Ltd., held 39.71% of the shares[10]. Operational Efficiency - The company reported a significant reduction in operating costs, which fell by 30.78% to RMB 321,021,161.98 compared to RMB 463,793,392.92 in the same period last year[16]. - Sales expenses decreased by 34.93% to RMB 495,301,714.30 from RMB 761,156,070.83 year-over-year[16]. - The company experienced a 514.49% increase in non-operating expenses, which rose to RMB 9,010,985.94 from RMB 1,466,419.25[16]. Investments and Projects - The construction in progress increased by 142.06% to RMB 198,397,803.96 from RMB 81,963,879.57, indicating significant investment in new projects[15]. - The company has reclassified advance receipts to contract liabilities, resulting in a new contract liability of RMB 713,224,485.39[15]. Tax and Other Financial Metrics - The company’s deferred income tax assets increased by 36.04% to RMB 198,099,297.86 from RMB 145,615,292.26, indicating a positive outlook on future tax benefits[15]. - The company reported tax expenses of ¥132,755,852.03 for Q3 2020, compared to ¥99,401,585.11 in Q3 2019, indicating a higher tax burden due to increased profits[30].