CBMT(SH:603099)2020-10-27 16:00Financial Performance - Net profit attributable to shareholders was CNY -39,701,220.70, representing a decline of 148.33% year-on-year[17] - Operating revenue for the first nine months was CNY 98,500,324.08, down 74.45% from the same period last year[17] - Basic earnings per share were CNY -0.15, a decline of 148.39% year-on-year[17] - The company reported a significant decline in both revenue and profit due to the impact of external factors[17] - The company's net profit for Q3 2020 was CNY 18,057,317.89, a significant decrease compared to CNY 105,624,499.58 in Q3 2019, reflecting a decline of approximately 83.9%[50] - The company's total profit for Q3 2020 was CNY 18,004,429.88, down from CNY 132,188,027.23 in Q3 2019, representing a decline of approximately 86.4%[50] - The company reported a net profit margin decline due to reduced revenue and increased operational costs, impacting overall profitability[43] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,230,458,417.62, a decrease of 6.48% compared to the end of the previous year[17] - The total assets as of September 30, 2020, amounted to CNY 1,254,736,378.86, compared to CNY 1,321,796,293.60 at the end of 2019, reflecting a decrease of approximately 5.1%[43] - The total liabilities as of September 30, 2020, were CNY 181,854,008.37, down from CNY 206,791,720.23 at the end of 2019, showing a reduction of about 12.1%[43] - The total liabilities decreased to ¥196,212,948.73 from ¥233,651,599.48 in the previous year[36] - The company reported a 332.32% increase in non-current liabilities due within one year, amounting to ¥42,488,000.00 compared to ¥9,828,000.00 at the beginning of the year[26] Cash Flow - The net cash flow from operating activities was CNY -2,837,840.32, a decrease of 101.72% compared to the previous year[17] - Cash flow from operating activities showed a net outflow of 2,837,840.32 RMB, a significant decline from a net inflow of 164,804,289.66 RMB in the previous period[60] - Total cash inflow from operating activities was 89,955,857.81 RMB, down 73.4% from 338,189,715.71 RMB in the previous year[63] - Cash outflow from operating activities totaled 93,666,317.72 RMB, a decrease of 41.0% compared to 158,453,988.68 RMB in 2019[63] - The company recorded investment cash inflows of 49,428,016.43 RMB, while investment cash outflows were 96,631,071.02 RMB, resulting in a net cash outflow of 47,203,054.59 RMB[60] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,255[22] - The largest shareholder, Jilin Changbai Mountain, held 59.45% of the shares[22] Government Subsidies - Government subsidies recognized in the current period amounted to CNY 3,222,116.46[19] - The company received government subsidies related to operations, contributing to other income of ¥2,238,835.27, an increase of 391.53% compared to ¥455,481.66 in the previous year[26] Operational Costs and Expenses - The main business cost for Q3 2020 was ¥114,406,598.96, down 49.68% from ¥227,345,940.60 in the previous year[26] - Total operating costs for Q3 2020 were CNY 58,832,884.67, down from CNY 125,440,959.54 in Q3 2019, indicating a reduction of about 53.1%[43] - The company experienced a significant reduction in sales expenses, which were ¥3,877,514.81, down 64.80% from ¥11,014,146.87 in the previous year[26] - Sales expenses for Q3 2020 were CNY 2,041,183.98, down 56.2% from CNY 4,655,393.76 in Q3 2019[53] - Management expenses for Q3 2020 were CNY 4,988,254.45, a decrease of 41.5% compared to CNY 8,569,590.60 in Q3 2019[53] Future Outlook - The company is focusing on market expansion and new product development to recover from the revenue decline experienced in 2020[43] - Future guidance indicates a cautious outlook with expectations of gradual recovery in revenue as market conditions improve[43]