DFSS(SH:603377)2020-10-25 16:00Financial Performance - Operating revenue for the first nine months decreased by 31.79% to CNY 583,371,774.36 compared to CNY 855,264,978.15 in the same period last year[6]. - Net profit attributable to shareholders fell by 56.42% to CNY 83,354,805.40 from CNY 191,286,765.80 year-on-year[6]. - Basic and diluted earnings per share decreased by 57.58% to CNY 0.14 from CNY 0.33[6]. - The weighted average return on equity decreased by 6.20 percentage points to 4.62% from 10.82%[6]. - Total operating revenue for Q3 2020 was RMB 583,371,774.36, a decrease of 31.79% compared to RMB 855,264,978.15 in the same period last year due to pandemic-related disruptions[17]. - Net profit attributable to shareholders decreased by 56.42% to RMB 83,354,805.40 from RMB 191,286,765.80 year-on-year, primarily due to reduced revenue from the pandemic[18]. - The net profit for the first three quarters of 2020 was CNY 5,068,111.73, a decrease from CNY 2,241,063.07 in the same period of 2019[42]. - The net profit for Q3 2020 was ¥60,570,996.80, down from ¥93,407,891.99 in Q3 2019, representing a decline of 35.1%[44]. - The total profit for Q3 2020 was ¥86,140,811.36, compared to ¥129,295,519.43 in Q3 2019, reflecting a decrease of 33.4%[46]. - The company's operating profit for Q3 2020 was ¥61,184,742.68, a significant drop from ¥104,550,291.31 in Q3 2019, indicating a decline of 41.5%[46]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 4,548,952,780.05, an increase of 1.98% compared to the end of the previous year[6]. - The company's total liabilities included RMB 421,523,689.64 in bonds payable, marking a new issuance[16]. - The company's total liabilities as of September 30, 2020, were RMB 2,427,944,952.84, compared to RMB 2,307,877,167.88 at the end of 2019, reflecting an increase[37]. - The company's current assets totaled RMB 1,236,030,710.30 as of September 30, 2020, compared to RMB 1,391,059,844.61 at the end of 2019, indicating a decrease[35]. - The company's total liabilities were reported at CNY 2,307,877,167.88, remaining stable compared to the previous year[57]. - Total current assets amounted to approximately $1.45 billion as of Q3 2020[60]. - Total non-current assets reached approximately $2.10 billion, contributing to a total asset value of approximately $3.55 billion[61]. - Total liabilities were approximately $1.26 billion, with current liabilities accounting for about $1.15 billion[61]. Cash Flow - The net cash flow from operating activities decreased by 55.83% to CNY 189,480,535.23 compared to CNY 429,022,160.08 in the previous year[6]. - The net cash flow from financing activities increased to ¥236,446,360.40, a significant change from a negative cash flow of ¥224,360,578.14 in the previous period, indicating improved fundraising activities[19]. - Total cash inflow from financing activities for the first nine months of 2020 was approximately ¥904.49 million, an increase from ¥563.41 million in 2019[51]. - The net cash flow from operating activities for the first nine months of 2020 was ¥189.48 million, a decline of 55.8% compared to ¥429.02 million in 2019[50]. - The net cash flow from investment activities was negative at CNY -127,605,403.81, compared to a positive CNY 3,344,885.45 in Q3 2019, reflecting a shift in investment strategy[53]. - Cash and cash equivalents at the end of Q3 2020 totaled ¥536.67 million, an increase from ¥320.65 million at the end of Q3 2019[51]. Shareholder Information - The total number of shareholders at the end of the reporting period was 5,395[10]. - The largest shareholder, Dongfang Shifang Investment Co., Ltd., holds 32.50% of the shares, with 75,580,000 shares pledged[10]. - The company received government subsidies amounting to CNY 25,023,369.35 during the reporting period[8]. Legal and Compliance - The company has not recognized any expected liabilities related to the ongoing litigation, as it believes the lawsuit will not negatively impact its current or future profits[25]. - The company has secured guarantees from the original shareholders to cover any potential losses or penalties arising from the ongoing litigation involving Jingzhou Oriental Fashion[24]. - The company is currently involved in a legal dispute regarding a loan guarantee, with the total amount claimed including principal and interest reaching ¥10,619.26 million[22]. - The company has initiated a review process for the ongoing litigation, which is currently under re-examination by the Hubei Provincial High People's Court[23]. - The company expects that the execution of the lawsuit judgment will not lead to an outflow of economic benefits due to the original shareholders' ability to fulfill their compensation obligations[25]. Investment and Development - The company completed a capital increase for Dongfang Shishang (Xihua) Airport Co., Ltd., with total contributions amounting to RMB 22,000 million[33]. - The company has not completed the transfer of physical assets valued at RMB 147,192,547.38 related to the airport investment as of the report date[33]. - The company is focused on expanding its market presence and developing new products, although specific figures were not disclosed in the provided data[60].