JINGCHENG MAC(SH:600860)2020-10-29 16:00Financial Performance - Operating income for the first nine months was ¥815,569,696.60, a decrease of 8.09% year-on-year[17]. - Net profit attributable to shareholders of the listed company was -¥35,365,483.46, improving by 44.62% compared to -¥63,858,836.73 in the previous year[17]. - The total profit for the period was -49,770,277.38, an improvement of 37.00% compared to -78,999,093.75 in the same period last year[31]. - The net profit for the period was -51,771,033.45, reflecting a 36.23% increase from -81,179,643.46 year-over-year[31]. - The net profit attributable to the parent company was -35,365,483.46, showing a 44.62% improvement compared to -63,858,836.73 in the previous year[31]. - The company reported a net loss of ¥855,848,669.92, compared to a loss of ¥820,483,186.46 in the previous year, reflecting a worsening of approximately 4.3%[43]. - Net profit for Q3 2020 was a loss of approximately ¥14.33 million, compared to a loss of ¥32.65 million in Q3 2019, representing a 56.05% improvement[56]. - The total comprehensive income for the first three quarters of 2020 was approximately 3.89 million RMB, down from 4.17 million RMB in the previous year, reflecting a decline of about 6.9%[69]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,703,294,965.98, an increase of 1.94% compared to the end of the previous year[17]. - The company's total liabilities decreased to ¥871,395,023.55 from ¥970,214,249.29, showing a reduction of about 10.2%[43]. - Current liabilities rose to ¥792,855,081.09 from ¥783,120,616.52, reflecting an increase of approximately 1.0%[41]. - Non-current assets totaled ¥871,202,110.49, a slight decrease from ¥888,278,720.15, indicating a decline of about 1.5%[41]. - The company’s total current assets decreased to ¥382,286,305.99 from ¥393,007,662.42, indicating a decline of about 2.0%[47]. - The company reported a significant decrease in short-term borrowings by 34.95% to ¥189,258,978.48 due to changes in financing methods[28]. - Long-term payables decreased significantly from ¥155,100,000.00 to ¥39,266,912.56, a decline of about 74.7%[43]. Cash Flow - Net cash flow from operating activities for the first nine months was ¥57,108,506.89, an increase of 22.14% year-on-year[17]. - Cash and cash equivalents increased by 115.50% to ¥179,961,803.52 due to higher operating cash inflows[28]. - Cash received from investment recoveries amounted to 27,634,150.00, a 100.00% increase from 0.00 in the same period last year[31]. - Cash received from financing activities was 211,111,360.00, a 100.00% increase from 0.00 in the same period last year[31]. - The cash inflow from operating activities totaled approximately 854.98 million RMB, slightly up from 846.19 million RMB in the same period of 2019, indicating a marginal increase of about 1.0%[69]. - The net cash flow from financing activities was 148,778,056.57 CNY, a significant increase from 35,232,309.89 CNY in the previous year[71]. - The net cash flow from investment activities was -203,648,498.64 CNY, contrasting with a positive cash flow of 3,994,150.00 CNY in the previous year[74]. Shareholder Information - The total number of shareholders at the end of the reporting period was 13,729[22]. - The company is in the process of acquiring control of Qingdao Beiyang Tianqing Shulian Intelligent Co., Ltd., pending board and shareholder approvals[34]. - The company plans to dispose of real estate assets valued at 41,019.50 million RMB, subject to shareholder approval[34]. Research and Development - R&D expenses rose by 126.72% to ¥13,782,742.08 reflecting increased investment in research and development[28]. - Research and development expenses increased significantly to approximately ¥4.62 million in Q3 2020, up 189.00% from ¥1.59 million in Q3 2019[52]. - The research and development expenses for the first three quarters of 2020 were reported as 0.00 RMB, indicating no investment in R&D during this period[65].