Liqun Co.,Ltd.(SH:601366)2020-10-29 16:00Financial Performance - Operating revenue for the first three quarters decreased by 31.58% to CNY 6.43 billion, primarily due to the impact of the new revenue recognition standards and COVID-19[9] - Net profit attributable to shareholders dropped by 75.57% to CNY 52.62 million, influenced by reduced sales in various sectors due to the pandemic[10] - Basic and diluted earnings per share fell by 76.00% to CNY 0.06[8] - The weighted average return on equity decreased by 3.46 percentage points to 1.15%[8] - The company reported a net profit of CNY 61.81 million in Q3, a year-on-year increase of 36.61%[10] - The company experienced a sequential profit increase of 5.03% from Q2 to Q3[10] - Total operating revenue for Q3 2020 was approximately ¥2.00 billion, a decrease of 30.5% compared to ¥2.88 billion in Q3 2019[31] - The company reported a net profit of approximately ¥52.53 million for the first three quarters of 2020, a decrease of 75.5% from ¥215.38 million in the same period of 2019[32] - The total profit for Q3 2020 reached approximately ¥99.18 million, up 20.9% from ¥82.07 million in Q3 2019[32] Assets and Liabilities - Total assets increased by 7.87% to CNY 12.98 billion compared to the end of the previous year[7] - Total assets increased to CNY 12,982,506,037.79 from CNY 12,035,138,056.00, representing a growth of approximately 7.86% year-over-year[24] - Current assets rose to CNY 4,449,330,974.10 compared to CNY 4,067,845,375.63, an increase of about 9.39%[24] - Non-current assets totaled CNY 8,533,175,063.69, up from CNY 7,967,292,680.37, reflecting a growth of approximately 7.09%[24] - Total liabilities increased to CNY 8,467,210,808.00 from CNY 7,351,903,188.00, marking a rise of about 15.19%[25] - Current liabilities decreased to CNY 6,206,809,674.57 from CNY 6,722,963,503.31, a decline of approximately 7.66%[25] - Non-current liabilities rose significantly to CNY 2,260,401,133.43 from CNY 628,939,684.69, an increase of about 259.73%[25] - Shareholders' equity decreased to CNY 4,515,295,229.79 from CNY 4,683,234,868.00, a decline of approximately 3.57%[25] Cash Flow - Cash flow from operating activities increased significantly by 112.74% to CNY 728.78 million, attributed to improved cost control and inventory management[10] - The net cash flow from operating activities for Q3 2020 was ¥728,784,930.33, a significant increase from ¥342,566,818.36 in Q3 2019, reflecting a year-over-year growth of approximately 112.5%[39] - Cash inflow from operating activities for the first three quarters of 2020 was ¥10,203,388,966.41, down 11.7% from ¥11,557,938,315.72 in the first three quarters of 2019[38] - The cash flow from financing activities showed a net increase of ¥1,332,006,702.81 in Q3 2020, compared to ¥365,792,204.68 in Q3 2019, indicating a growth of approximately 264.5%[39] Shareholder Information - Total number of shareholders reached 34,559[16] - The largest shareholder, Li Qun Group, holds 162,775,339 shares, representing 18.92% of total shares[16] Inventory and Construction - Inventory decreased by 21.00% to 1,664,223,772.51 RMB from 2,106,487,123.08 RMB year-end[18] - Construction in progress increased by 116.06% to 1,196,975,522.15 RMB from 553,991,655.51 RMB year-end[18] - The company plans to continue optimizing inventory structure to enhance operational efficiency[19] Other Financial Metrics - The company provided over CNY 70 million in rent reductions to support tenants during the pandemic[10] - The company reported a total comprehensive income of approximately ¥59.46 million for Q3 2020, an increase from ¥45.80 million in Q3 2019[34] - Investment income for Q3 2020 was approximately ¥3.18 million, compared to ¥0.46 million in Q3 2019, indicating a significant increase[32] - The company incurred tax expenses of approximately ¥37.37 million in Q3 2020, slightly up from ¥36.83 million in Q3 2019[32]