SXBN(SH:600831)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 48.80% to CNY 44,616,711.45 for the first nine months of the year[6] - Operating profit fell by 49.23% to ¥41,493,762.00, primarily due to increased operating costs and expenses[15] - Net profit decreased by 50.61% to ¥38,719,946.99, attributed to rising operating costs and expenses[16] - The basic earnings per share decreased by 53.85% to CNY 0.06[6] - Net profit for Q3 2020 was ¥17.19 million, compared to ¥2.49 million in Q3 2019, representing a significant increase of 589.5%[36] - The total comprehensive income for Q3 2020 was ¥17.19 million, significantly higher than ¥2.49 million in Q3 2019, reflecting strong performance[38] - The company reported a total profit of ¥17.86 million in Q3 2020, compared to ¥2.87 million in Q3 2019, marking a 522.5% increase[36] - The company’s total operating revenue for the first three quarters of 2020 was ¥1.97 billion, slightly up from ¥1.96 billion in the same period of 2019[35] Revenue and Costs - Revenue for the first nine months was CNY 1,967,936,422.74, a slight increase of 0.46% compared to the same period last year[6] - Total operating revenue for Q3 2020 reached ¥614.81 million, a 14.6% increase from ¥536.12 million in Q3 2019[35] - Total operating costs for Q3 2020 were ¥596.38 million, up from ¥533.04 million in Q3 2019, reflecting an 11.9% increase[35] - For the first three quarters of 2020, total operating revenue was CNY 1.39 billion, slightly up from CNY 1.36 billion in the same period of 2019, representing a 1.4% increase[39] Cash Flow and Liquidity - Operating cash flow increased significantly by 443.64% to CNY 163,724,971.42 for the first nine months[6] - Cash flow from operating activities increased by 443.64% to ¥163,724,971.42, mainly due to reduced cash outflow from operations[17] - The company reported a net cash flow from operating activities of CNY 163.72 million for the first three quarters of 2020, significantly up from CNY 30.12 million in the same period of 2019[42] - Cash inflow from operating activities totaled CNY 1.73 billion for the first three quarters of 2020, compared to CNY 1.71 billion in the same period of 2019[42] - The net increase in cash and cash equivalents for Q3 2020 was CNY 245,187,298.07, a significant recovery from a decrease of CNY -100,429,191.44 in Q3 2019[46] Assets and Liabilities - Total assets increased by 4.83% to CNY 8,593,092,448.88 compared to the end of the previous year[6] - Total liabilities increased to CNY 4,822,915,249.64, up from CNY 4,473,177,584.57, representing a growth of approximately 7.8% year-over-year[29] - Total non-current liabilities rose to CNY 2,039,617,174.00 from CNY 1,051,185,205.15, indicating an increase of about 93.9%[33] - Total assets reached CNY 7,953,980,629.61, compared to CNY 7,333,884,385.60 at the end of 2019, indicating an increase of about 8.5%[32] - Current assets totaled CNY 2,412,335,728.77, up from CNY 2,043,206,478.45, reflecting a growth of approximately 18.1%[32] Shareholder Information - The number of shareholders reached 76,281 by the end of the reporting period[10] - The company's equity attributable to shareholders increased to CNY 3,398,812,984.46 from CNY 3,376,200,736.48, a rise of about 0.7%[33] - The company’s total equity increased from CNY 3,655,915,077.91 to CNY 3,724,339,331.03, indicating a growth in shareholder value[50] Financing Activities - Cash and cash equivalents increased by 35.55% to CNY 870,779,163.07 due to new bank loans[12] - The company applied for a special financing credit of 4.37 billion RMB from the National Development Bank for the "Snow Bright Project," with a loan term of 15 years[19] - The total cash inflow from financing activities in Q3 2020 was CNY 1,610,000,000.00, compared to CNY 1,268,799,704.00 in Q3 2019, reflecting a growth of 26.9%[46] Investment Activities - The company reported a net cash outflow from investment activities of CNY -239,511,343.97 in Q3 2020, an improvement from CNY -354,636,688.57 in Q3 2019[46] - The total cash inflow from investment activities for the first nine months of 2020 was CNY 323,930,341.07, compared to CNY 459,379,667.50 in the same period of 2019[46] Changes in Accounting Standards - The company reclassified CNY 639,323,602.73 from "prepayments" to "contract liabilities" under the new revenue recognition standards[50] - The company implemented the new revenue recognition standard starting January 1, 2020, affecting the classification of certain liabilities[54]