Trendzone(SH:603030)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders decreased by 34.28% to CNY 104,681,417.35 for the first nine months of the year[7] - Operating revenue decreased by 27.23% to CNY 3,961,869,816.05 for the first nine months of the year[7] - The weighted average return on equity decreased by 40.33% to 4.72%[7] - Total operating revenue for Q3 2020 was ¥1,853,051,917.94, a decrease of 8.14% compared to ¥2,017,403,077.68 in Q3 2019[27] - The company's net profit for Q3 2020 was CNY 35,855,100.88, a decrease from CNY 82,720,228.28 in Q3 2019, representing a decline of approximately 56.6%[29] - Total revenue for Q3 2020 was CNY 100,428,523.78, down from CNY 118,772,837.99 in Q3 2019, indicating a decrease of about 15.4%[31] - The total profit for the first three quarters of 2020 was CNY 161,837,442.49, down from CNY 259,325,608.92 in the same period of 2019, a decrease of approximately 37.5%[29] - The net profit for Q3 2020 was CNY 27,039,525.55, a decrease of 5.3% compared to the same period last year[32] Cash Flow - Cash flow from operating activities improved significantly, increasing by 164.19% to CNY 106,887,272.91[7] - Net cash flow from operating activities increased by 164.19% compared to the same period last year, reaching ¥106,887,272.91[15] - The cash flow from operating activities for the first nine months of 2020 was CNY 106,887,272.91, a significant improvement from a negative cash flow of CNY 166,528,759.91 in the same period of 2019[34] - The company's cash flow from financing activities showed a net outflow of CNY 171,839,720.51 in Q3 2020, compared to a net inflow of CNY 214,295,477.49 in the same period last year[34] - The total operating cash outflow for the first nine months of 2020 was CNY 3,512,297,333.61, down from CNY 4,101,254,811.49 in the same period of 2019[34] Assets and Liabilities - Total assets increased by 6.51% to CNY 10,304,623,420.46 compared to the end of the previous year[7] - The total assets as of September 30, 2020, amounted to ¥10,304,623,420.46, an increase from ¥9,674,809,587.80 at the end of 2019[20] - The total liabilities increased to ¥7,685,723,512.07 from ¥7,195,197,672.46[20] - The company's equity attributable to shareholders increased to ¥2,277,539,822.64 from ¥2,138,107,566.76[20] - Total assets decreased to ¥4,365,702,309.49 in Q3 2020 from ¥5,034,575,123.15 in Q3 2019, a decline of 13.24%[24] - Current liabilities totaled ¥2,124,060,928.74, down from ¥3,399,848,021.45 in Q3 2019, indicating a reduction of 37.5%[24] - Non-current liabilities amounted to ¥498,948,430.11, compared to ¥576,000.00 in Q3 2019, showing a significant decrease[24] Shareholder Information - The number of shareholders reached 26,456 at the end of the reporting period[10] Financing Activities - Long-term borrowings increased by 2,174.82% compared to the beginning of the period, indicating significant new financing[12] - Short-term borrowings decreased by 46.08%, primarily due to loan repayments, totaling ¥535,034,677.34[14] - Net cash flow from financing activities decreased by 180.19% year-on-year, totaling -¥171,839,720.51, mainly due to reduced borrowings[15] Research and Development - Research and development expenses for Q3 2020 were ¥29,632,585.08, slightly up from ¥27,995,986.02 in Q3 2019, indicating a focus on innovation[28] - Research and development expenses for Q3 2020 were CNY 1,818,638.75, a decrease from CNY 4,740,321.51 in Q3 2019, representing a decline of about 61.7%[31] Financial Standards and Changes - The company executed new revenue and lease standards starting January 1, 2020, impacting the financial statements[36] - The company implemented new revenue recognition standards starting January 1, 2020, affecting financial reporting[44]