Bohai Ferry (SH:603167)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders dropped by 76.24% to CNY 81,795,163.46 for the first nine months of the year[6]. - Operating revenue fell by 37.21% to CNY 799,134,820.90 year-to-date[6]. - Basic earnings per share decreased by 76.39% to CNY 0.17[8]. - The weighted average return on net assets decreased by 7.82 percentage points to 2.43%[8]. - The company anticipates a cumulative net profit decline of approximately 72% year-on-year due to the ongoing effects of the COVID-19 pandemic and reduced government subsidies[17]. - Total operating revenue for Q3 2020 was approximately $300.63 million, a decrease of 34.6% compared to $459.67 million in Q3 2019[29]. - Total operating costs for Q3 2020 were approximately $250.36 million, down 28.4% from $349.46 million in Q3 2019[29]. - Net profit for Q3 2020 was approximately $90.54 million, an increase of 16.5% compared to $77.45 million in Q3 2019[30]. - The gross profit margin for Q3 2020 improved to 16.7%, compared to 10.5% in Q3 2019[30]. - The company’s total revenue for the first three quarters of 2020 was approximately $799.13 million, down 37.1% from $1.27 billion in the same period of 2019[29]. - The company’s total costs for the first three quarters of 2020 were approximately $758.52 million, a decrease of 20.1% from $949.32 million in the same period of 2019[29]. Assets and Liabilities - Total assets decreased by 5.38% to CNY 5,061,468,659.13 compared to the end of the previous year[6]. - Non-current assets totaled CNY 4,478,451,994.13, up from CNY 3,846,827,051.50 at the end of 2019, indicating an increase of about 16.4%[21]. - Total liabilities decreased to CNY 1,539,608,383.50 from CNY 1,794,467,152.49, representing a decrease of approximately 14.2%[22]. - Shareholders' equity totaled CNY 3,521,860,275.63, down from CNY 3,554,749,067.16, indicating a decrease of about 0.9%[22]. - Current assets totaled CNY 773,256,208.46, down from CNY 1,046,952,552.77, reflecting a decrease of about 26.1%[25]. - The company’s goodwill increased to CNY 270,758,791.05 from CNY 13,675,709.11, indicating a substantial increase of approximately 1,877.5%[21]. - The company’s short-term borrowings rose by 171.80% to ¥190.02 million from ¥69.91 million, reflecting new bank loans taken during the reporting period[13]. - Long-term borrowings decreased significantly to CNY 659,224,789.20 from CNY 891,407,320.30, a decline of about 26.0%[22]. Cash Flow - Net cash flow from operating activities decreased by 46.67% to CNY 235,372,799.24 compared to the same period last year[6]. - The company's cash and cash equivalents decreased by 74.51% to ¥191.70 million from ¥752.13 million due to reduced operational accumulation and loan repayments impacted by COVID-19[12]. - Cash received from sales and services for the first three quarters of 2020 was ¥805,220,419.32, a decrease of 37.2% compared to ¥1,284,278,762.05 in the same period of 2019[39]. - Net cash flow from operating activities for the first three quarters of 2020 was ¥235,372,799.24, down 46.4% from ¥441,321,210.37 in 2019[39]. - Total cash inflow from investment activities in the first three quarters of 2020 reached ¥13,155,558,271.08, significantly higher than ¥1,542,765,612.43 in 2019[40]. - Cash outflow from financing activities totaled ¥1,013,278,241.94, compared to ¥621,968,375.48 in the same period of 2019, resulting in a net cash flow of -¥823,258,528.94[40]. Shareholder Information - The total number of shareholders reached 28,146 by the end of the reporting period[10]. - The largest shareholder, Liao Yu Group Co., Ltd., holds 38.74% of the shares[10]. Government Support - The company received government subsidies amounting to CNY 75,948,557.08 during the reporting period[8].