Shanghai Yashi(SH:603329)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders reached CNY 59,724,696.40, a significant recovery from a loss of CNY 17,564,622.78 in the same period last year[5] - Basic earnings per share were CNY 0.45, compared to a loss of CNY 0.13 per share in the previous year[5] - Net profit for the first three quarters reached ¥60,084,892.82, a significant improvement compared to a net loss of ¥19,959,725.74 in the same period last year[14] - The company expects a substantial increase in net profit attributable to shareholders for the full year 2020, driven by stable growth in supply chain logistics and prices of key trading products[18] - Net profit for Q3 2020 reached approximately $33.48 million, compared to a net loss of $35.91 million in Q3 2019[28] - The total comprehensive income for Q3 2020 was approximately $33.41 million, compared to a loss of $35.74 million in Q3 2019[29] - The net profit for Q3 2020 reached ¥11,646,119.18, compared to a net loss of ¥31,280,621.36 in Q3 2019, indicating a turnaround in profitability[32] Revenue and Costs - Operating revenue decreased by 8.14% to CNY 1,241,034,839.04 compared to CNY 1,350,936,021.92 in the previous year[5] - Total operating revenue for Q3 2020 was approximately $513.81 million, a 40.7% increase from $364.99 million in Q3 2019[27] - Total operating costs for Q3 2020 were approximately $479.29 million, a decrease of 0.2% compared to $369.36 million in Q3 2019[27] - The total operating expenses for the first three quarters of 2020 were ¥184,980,049.91, down from ¥286,795,624.66 in the same period of 2019, reflecting a decrease of 35.5%[30] Assets and Liabilities - Total assets increased by 23.13% to CNY 1,352,606,099.88 compared to the end of the previous year[5] - Total liabilities rose to RMB 572,261,479.27 from RMB 407,801,560.08, reflecting an increase of approximately 40.3%[22] - The equity attributable to shareholders increased to RMB 659,366,237.36 from RMB 599,565,630.67, showing a growth of about 10%[22] - Current assets totaled RMB 744,878,013.67, slightly up from RMB 716,387,872.00 at the end of 2019, indicating a growth of about 4.1%[20] - Total liabilities reached ¥407,801,560.08, with current liabilities accounting for ¥198,093,153.24[46] Cash Flow - Cash flow from operating activities showed an improvement, with a net cash outflow of CNY 6,849,523.84, compared to a larger outflow of CNY 9,604,278.10 in the same period last year[5] - The company's cash inflow from operating activities totaled ¥1,587,240,497.62 for the first three quarters of 2020, down from ¥1,908,302,746.08 in the same period of 2019, indicating a decline of 16.8%[34] - Cash flow from financing activities generated a net inflow of CNY 77,583,173.97 in Q3 2020, compared to a net outflow of -CNY 55,551,046.35 in Q3 2019[38] - The net cash flow from financing activities was ¥143,974,190.61, reflecting increased loans from financial institutions and investments from minority shareholders[16] Shareholder Information - The total number of shareholders reached 14,147, indicating a stable shareholder base[9] - Jiangsu Yashi Investment Group holds 51.00% of the shares, with 40,000,000 shares pledged[9] Inventory and Receivables - Accounts receivable increased by 181.65% to ¥2,398,998.19, attributed to notes receivable from financial companies[12] - Inventory rose by 37.79% to ¥165,501,163.34, mainly due to an increase in iron ore stock[12] - The company reported a significant increase in inventory, which rose to RMB 165,501,163.34 from RMB 120,114,697.75, representing an increase of approximately 37.7%[20] Future Plans - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[5] - The company plans to focus on market expansion and new product development as part of its future strategy, although specific details were not provided in the report[30] Other Income and Expenses - Non-operating income for the period amounted to CNY 2,694,060.05, down from CNY 4,269,584.29 in the previous year[8] - The company reported a credit impairment loss of approximately $63.95 million in Q3 2020, compared to a loss of $3.49 million in Q3 2019[28] - The company reported a decrease in sales expenses to ¥3,715,705.97 for the first three quarters of 2020, down from ¥8,950,969.02 in the same period of 2019, a reduction of 58.5%[30]