HUALI(SH:603038)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 575,164,692.71, a decrease of 1.49% year-on-year[7] - Net profit attributable to shareholders was CNY 9,490,467.48, down 85.25% compared to the same period last year[7] - Basic and diluted earnings per share were CNY 0.05, representing a decrease of 85.71% compared to the previous year[8] - The weighted average return on equity was 0.89%, down 5.36 percentage points from the previous year[8] - Total operating revenue for Q3 2020 was CNY 273.24 million, an increase of 21.3% compared to CNY 225.23 million in Q3 2019[31] - Total operating costs for Q3 2020 were CNY 246.29 million, up 25.9% from CNY 195.50 million in Q3 2019[32] - Net profit for Q3 2020 was CNY 25.82 million, a decrease of 2.2% from CNY 26.40 million in Q3 2019[33] - The company reported a net profit of CNY 63.81 million for the first three quarters of 2020, down 10.5% from CNY 71.23 million in the same period of 2019[33] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 32,741,000.63, a decline of 177.71% year-on-year[7] - The company experienced a net cash outflow from operating activities of CNY -32,741,000.63 in the first three quarters of 2020, down from a net inflow of CNY 42,131,697.24 in the same period of 2019[39] - Investment activities resulted in a net cash outflow of CNY -138,836,633.53 for the first three quarters of 2020, compared to a smaller outflow of CNY -21,656,977.12 in the same period of 2019[40] - Financing activities generated a net cash inflow of CNY 53,293,651.58 in the first three quarters of 2020, a recovery from a net outflow of CNY -1,825,467.79 in the same period of 2019[40] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,488,153,116.03, an increase of 4.11% compared to the end of the previous year[7] - Total liabilities rose to CNY 425,282,044.75 from CNY 331,048,898.85, indicating an increase of around 28.5%[27] - The company's equity decreased from CNY 1,098,347,301.55 to CNY 1,062,871,071.28, a decline of about 3.2%[27] - Current assets decreased to CNY 727,499,732.57 from CNY 735,651,514.60, reflecting a decline of about 1.8%[25] - Total liabilities to equity ratio increased, indicating a higher leverage position for the company compared to the previous year[27] Shareholder Information - The total number of shareholders at the end of the reporting period was 5,740[12] - The largest shareholder, Tan Hongru, holds 43.03% of the shares, with 10,983,000 shares pledged[12] Other Financial Metrics - Non-operating income included government subsidies amounting to CNY 2,695,204.25 for the year-to-date[10] - Other non-current financial assets increased by 166.04% to 62,996,721.80, mainly due to investments in private equity funds during the period[16] - Deferred tax assets rose by 179.38% to 17,570,259.20, driven by an increase in deductible losses and changes in tax rate applicability[16] - Other payables decreased by 92.30% to 7,722,546.37, primarily due to payments made for the acquisition of a controlling subsidiary and reduced inter-company balances[17] Research and Development - Research and development expenses for Q3 2020 were CNY 7.75 million, a decrease of 14.0% from CNY 9.01 million in Q3 2019[32] - Research and development expenses for Q3 2020 were CNY 6,275,991.13, a significant increase from CNY 55,861.00 in Q3 2019, indicating a focus on innovation[36] Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in this report[11]