ADD(SH:603089)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 52.34% to CNY 36,299,252.50 for the period from January to September[7] - Operating revenue declined by 6.68% to CNY 767,553,735.58 for the same period[7] - The weighted average return on net assets decreased by 5.11 percentage points to 4.37%[8] - Basic and diluted earnings per share fell by 52.78% to CNY 0.17[8] - The company reported a significant increase in construction in progress by 89.59%, rising to RMB 64,562,964.81 from RMB 34,053,101.03[14] - The company experienced a 43.51% decrease in income tax expenses, amounting to RMB 7,698,169.81 compared to RMB 13,627,707.02 in the previous year[18] - The total comprehensive income for the first three quarters of 2020 was ¥36,262,737.80, compared to ¥76,167,297.24 in the same period of 2019, reflecting a decrease of 52.4%[40] Assets and Liabilities - Total assets increased by 15.42% to CNY 1,793,826,231.95 compared to the end of the previous year[7] - Total liabilities amounted to CNY 701,538,170.30, compared to CNY 587,305,762.26, marking an increase of around 19.4%[30] - Current assets totaled CNY 846,690,362.27, up from CNY 721,785,704.27, indicating a growth of about 17.3% year-over-year[30] - The company's accounts receivable decreased by 43.85% to RMB 2,194,074.78 from RMB 3,907,210.04 in the previous year[14] - The total liabilities as of Q3 2020 amounted to ¥529,129,174.26, significantly higher than ¥271,641,946.84 in the same period last year, marking an increase of about 94.5%[33] - The total assets as of Q3 2020 were ¥1,378,107,019.27, compared to ¥1,036,744,053.08 in Q3 2019, reflecting an increase of about 32.9%[33] Cash Flow - Net cash flow from operating activities decreased by 12.08% to CNY 85,481,545.50[7] - The net cash flow from financing activities increased significantly by 1,803.52% to RMB 142,606,245.46 compared to a negative RMB 8,371,247.77 in the same period last year[25] - The net cash flow from operating activities for the first three quarters of 2020 was CNY 85,481,545.50, down from CNY 97,230,642.89 in 2019, reflecting a decline of 12.0%[44] - Cash inflow from financing activities increased to CNY 431,880,000.00 in 2020 from CNY 227,000,000.00 in 2019, representing an increase of 90.3%[47] - The total cash and cash equivalents at the end of the third quarter of 2020 amounted to CNY 154,519,053.28, up from CNY 95,966,339.04 at the end of the same period in 2019[47] Shareholder Information - The total number of shareholders reached 6,964 by the end of the reporting period[11] - The largest shareholder, Zhejiang Zhengyu Investment Co., Ltd., holds 44.54% of the shares[11] - Shareholders' equity reached CNY 1,092,288,061.65, up from CNY 966,916,460.20, which is an increase of about 12.9%[30] - Shareholders' equity totaled ¥848,977,845.01 in Q3 2020, compared to ¥765,102,106.24 in Q3 2019, which is an increase of approximately 10.9%[33] Strategic Initiatives - The company plans to continue exploring new strategies for market expansion and product development[6] - The company implemented a new revenue recognition standard, adjusting prepayments to contract liabilities, impacting financial reporting[56] - The company adopted new revenue recognition standards starting January 1, 2020, adjusting previously reported data from "prepayments" to "contract liabilities"[60]