SONGFA(SH:603268)2020-10-28 16:00Financial Performance - Operating revenue for the first nine months dropped by 32.87% to CNY 286,601,240.70 year-on-year[7] - Net profit attributable to shareholders decreased by 75.98% to CNY 7,121,654.27 compared to the same period last year[7] - Basic earnings per share decreased by 75.00% to CNY 0.06 compared to the previous year[7] - The weighted average return on equity decreased by 3.55 percentage points to 1.10%[7] - Total operating revenue for Q3 2020 was ¥116,567,578.29, a decrease of 27.4% compared to ¥160,462,801.41 in Q3 2019[29] - Net profit for Q3 2020 reached ¥11,753,673.72, a decline of 43.3% from ¥20,656,735.52 in Q3 2019[30] - Total profit for Q3 2020 was ¥11,466,675.31, down 51.0% from ¥23,440,090.18 in Q3 2019[30] - The company reported a decrease in sales expenses to ¥8,970,710.02 in Q3 2020 from ¥9,956,759.84 in Q3 2019, a reduction of 9.9%[29] - The company's total operating cash inflow for the first nine months of 2020 was ¥234,334,211.28, down 44.2% from ¥420,414,367.32 in the same period of 2019[38] Cash Flow and Liquidity - Net cash flow from operating activities fell by 62.55% to CNY 30,394,581.22 year-on-year[7] - As of September 30, 2020, cash and cash equivalents decreased by 52.31% to RMB 33,427,165.40 from RMB 70,094,147.39[12] - The cash flow from operating activities for the first three quarters of 2020 was ¥30,394,581.22, down 62.5% from ¥81,169,262.52 in the same period of 2019[36] - The cash inflow from operating activities for the first three quarters of 2020 was ¥322,922,477.10, down 40.5% from ¥544,233,884.93 in the same period of 2019[36] - The company reported a net cash flow from operating activities of ¥2,370,114.94 in Q3 2020, a significant decrease of 97.2% compared to ¥84,913,018.57 in Q3 2019[39] - Total cash and cash equivalents at the end of Q3 2020 were ¥7,444,482.65, down from ¥6,130,431.77 in Q3 2019, reflecting a decrease of 21.5%[39] Assets and Liabilities - Total assets decreased by 4.74% to CNY 1,163,034,269.71 compared to the end of the previous year[7] - Total liabilities decreased from CNY 504,306,022.02 to CNY 435,078,256.03, a decline of around 13.7%[23] - Non-current assets totaled CNY 710,961,106.66, down from CNY 756,077,435.94, representing a decrease of about 5.9%[22] - Current liabilities increased from CNY 429,692,998.10 to CNY 412,143,373.39, a reduction of approximately 4.1%[22] - Total current assets decreased from CNY 225,129,188.69 to CNY 204,342,094.98, a decline of about 9.2%[25] - Total liabilities amounted to ¥615,326,655.90, with non-current liabilities totaling ¥42,627,132.22[47] - The total liabilities to equity ratio stands at approximately 0.86, suggesting a balanced capital structure[47] Shareholder Information - The total number of shareholders reached 5,974 by the end of the reporting period[11] - The largest shareholder, Hengli Group Co., Ltd., holds 30.14% of the shares[11] Government Support and Other Income - The company received government subsidies amounting to CNY 3,244,380.31 during the reporting period[9] - The company’s other income rose by 75.74% to RMB 3,010,686.36, attributed to increased government subsidies received[15] Investment and Development - The company has not disclosed any new product developments or market expansion strategies in this report[5] - The company’s construction in progress increased by 588.54% to RMB 1,169,911.50, indicating ongoing investments in infrastructure[12] - The company reported a significant increase in financial assets, with trading financial assets rising by 406.40% to RMB 7,102,302.15 from RMB 1,402,509.40[12] - The company holds long-term equity investments valued at ¥766,933,331.50, reflecting a strong investment position[46]