Jangho(SH:601886)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 396,101,579.30, down 14.94% year-on-year[17]. - Operating revenue for the period was CNY 11,954,001,507.75, representing a decline of 3.58% compared to the same period last year[17]. - Basic earnings per share decreased to CNY 0.35, down 12.50% from CNY 0.40 in the same period last year[19]. - The net profit after deducting non-recurring gains and losses was CNY 314,723,976.96, down 34.99% year-on-year[17]. - The company reported a total profit of ¥289,987,272.13 for Q3 2020, compared to ¥231,653,002.69 in Q3 2019, marking an increase of 25.16%[43]. - Net profit for Q3 2020 was CNY -26,887,668.39, compared to CNY -8,399,150.49 in Q3 2019, indicating a worsening loss[47]. - Comprehensive income attributable to the parent company for Q3 2020 was CNY 299,371,492.25, slightly down from CNY 304,979,086.99 in Q3 2019[44]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 28,051,144,106.22, a decrease of 2.04% compared to the end of the previous year[17]. - Total liabilities decreased from ¥19,520,774,585.09 to ¥18,589,680,067.44, a reduction of about 4.76%[36]. - Current liabilities decreased from ¥18,686,102,299.57 to ¥18,060,230,528.55, a reduction of approximately 3.34%[35]. - Non-current assets increased from ¥5,400,948,670.08 to ¥5,940,345,353.27, an increase of about 9.97%[35]. - The company’s total current assets decreased to RMB 22,110,798,752.95 from RMB 23,233,263,800.15, indicating a reduction in overall liquidity[33]. - The company’s total assets were reported at ¥6,555,817,340.84 as of Q3 2020, down from ¥6,909,483,020.00 in the previous year[41]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -621,527,454.38, an improvement from CNY -1,272,338,848.75 in the previous year[17]. - Cash flow from operating activities improved, with a net cash flow of RMB -621,164,585.68 compared to RMB -1,272,338,848.75 in the previous year[28]. - The company received cash from sales of goods and services amounting to 12,842,651,711.35 RMB, an increase from 11,689,447,555.25 RMB in the same period last year[48]. - The company reported a net cash outflow from financing activities of ¥832,913,846.19 for Q3 2020, compared to ¥1,188,097,600.80 in the same period last year, indicating a decrease of approximately 30%[52]. Shareholder Information - The total number of shareholders at the end of the reporting period was 24,052[22]. - The largest shareholder, Beijing Jangho Group Co., Ltd., held 27.35% of the shares[22]. - Owner's equity increased from ¥9,113,437,885.14 to ¥9,461,464,038.78, an increase of approximately 3.82%[36]. Expenses and Financial Management - The company reported a 34.81% increase in financial expenses to RMB 241,073,705.11 from RMB 178,830,599.72, attributed to foreign currency asset losses[28]. - Research and development expenses in Q3 2020 amounted to ¥136,383,353.37, an increase of 13.93% from ¥119,715,289.92 in Q3 2019[41]. - Financial expenses for Q3 2020 were ¥108,193,679.32, which included interest expenses of ¥11,317,382.03[41]. - The company’s financial expenses for Q3 2020 were CNY 26,002,545.80, up from CNY 13,617,815.67 in Q3 2019, indicating increased borrowing costs[46]. Inventory and Receivables - Accounts receivable decreased by 20.14% to RMB 9,907,922,513.43 from RMB 12,411,215,595.01, indicating a reduction in outstanding receivables[33]. - Inventory decreased significantly by ¥1,519,485,188.15, from ¥2,146,262,003.73 to ¥626,776,815.58, indicating a reduction of approximately 70.7%[52]. - The company reported a decrease in accounts receivable by approximately $252.61 million, indicating a potential cash flow improvement[60].