XHCG(SH:600785)2020-10-22 16:00Financial Performance - Net profit attributable to shareholders decreased by 80.07% to CNY 33,994,063.58 from CNY 170,557,394.99 in the same period last year[7] - Operating revenue for the first nine months was CNY 5,584,910,625.50, down 2.07% year-on-year[7] - Basic earnings per share dropped by 80.06% to CNY 0.1507 from CNY 0.7559 in the same period last year[7] - The net profit attributable to the parent company decreased by 80.07% year-on-year, primarily due to the impact of the pandemic on profits[15] - The net profit for Q3 2020 was a loss of ¥22,956,178.33, contrasting with a net profit of ¥16,453,412.58 in Q3 2019, marking a significant decline[26] - Total comprehensive income attributable to the parent company for Q3 2020 was approximately ¥-17.07 million, compared to ¥4.69 million in Q3 2019[28] Cash Flow - The net cash flow from operating activities surged to CNY 323,506,227.07, a significant increase of 5,428.71% compared to CNY 5,851,383.26 in the previous year[7] - Cash inflow from operating activities totaled CNY 6,052,606,176.38, while cash outflow was CNY 5,729,099,949.31, resulting in a net cash flow of CNY 323,506,227.07[34] - The company’s cash flow from financing activities showed a net inflow of CNY 19,263,642.16, down from CNY 414,049,681.03 in 2019[34] - The cash flow from investment activities for the parent company showed a net outflow of CNY 243,631,244.21, an improvement from CNY 347,879,063.98 in 2019[35] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 6,073,938,574.21, a slight increase of 0.19% compared to the end of the previous year[7] - Total current assets decreased from CNY 2,249,526,580.46 to CNY 2,116,164,855.10, a decline of approximately 5.9%[18] - Total liabilities increased from CNY 3,814,199,738.07 to CNY 3,853,247,345.10, reflecting a rise of approximately 1.0%[20] - Total equity decreased from CNY 2,247,949,580.97 to CNY 2,220,691,229.11, a decline of approximately 1.2%[20] - The total liabilities as of Q3 2020 amounted to ¥2,167,194,941.20, up from ¥2,115,135,439.28 in the previous year, reflecting an increase of approximately 2.5%[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,995[10] - The largest shareholder, Wumart Technology Group, holds 36.15% of the shares[10] Revenue and Costs - Total operating revenue for Q3 2020 was approximately ¥442.75 million, a 7.5% increase compared to ¥413.51 million in Q3 2019[29] - Total operating costs for Q3 2020 were ¥1,816,653,031.48, compared to ¥1,753,299,649.06 in Q3 2019, indicating an increase of about 3.6%[24] - The gross profit margin for Q3 2020 was approximately 20.5%, down from 22.5% in Q3 2019, indicating a decrease in profitability[24] Other Financial Metrics - The weighted average return on equity decreased by 6.29 percentage points to 1.42%[7] - Other income increased by 311.05% compared to the same period last year, primarily due to an increase in government subsidies received[15] - The company reported a significant increase in financial expenses, totaling approximately ¥14.79 million in Q3 2020, compared to ¥10.32 million in Q3 2019[30] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[31]