A-Zenith(SH:603389)2020-10-29 16:00Financial Performance - Operating revenue for the third quarter was CNY 177,533,542.42, a decline of 34.70% year-on-year[8] - Net loss attributable to shareholders was CNY -29,604,170.32, an improvement from CNY -41,758,426.31 in the same period last year[8] - Basic and diluted earnings per share were both CNY -0.11, compared to CNY -0.16 in the same period last year[8] - The company's net profit for the period showed a significant decline, with undistributed profits decreasing by 93% to ¥2,082,999.08 due to losses incurred[16] - Total operating revenue for Q3 2020 was CNY 77,206,525.96, a decrease of 22.3% compared to CNY 99,475,618.46 in Q3 2019[28] - Net loss for Q3 2020 was CNY 13,660,588.06, compared to a net loss of CNY 11,985,975.50 in Q3 2019, representing a 14.0% increase in losses[30] - Total comprehensive loss for Q3 2020 was CNY 13,660,588.06, compared to CNY 11,985,975.50 in Q3 2019, indicating a worsening financial position[31] - The company reported a total loss of CNY 35,715,012.84 for the first three quarters of 2020, compared to a loss of CNY 47,493,226.02 in the same period of 2019, showing an improvement of 24.8%[30] Assets and Liabilities - Total assets decreased by 4.85% to CNY 785,134,168.97 compared to the end of the previous year[7] - The company reported a decrease in net assets attributable to shareholders by 4.54% to CNY 625,273,260.15 compared to the end of the previous year[7] - Total liabilities decreased from ¥179,178,364.79 to ¥173,939,853.48, a decline of about 2.0%[23] - Shareholders' equity decreased from ¥645,985,301.51 to ¥611,194,315.49, a reduction of approximately 5.4%[23] - The total assets as of September 30, 2020, amounted to ¥399,449,077.13, a decrease from ¥412,844,901.28 at the beginning of the year[21] - Non-current assets decreased from ¥412,318,765.02 to ¥385,685,091.84, a decline of about 6.5%[22] - Current liabilities decreased from ¥147,143,586.30 to ¥142,296,977.89, a reduction of approximately 3.0%[22] - Total current assets increased from ¥326,693,628.44 to ¥354,596,041.40, an increase of approximately 8.5%[25] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -55,193,086.21, compared to CNY -18,306,385.20 in the previous year[7] - The cash flow from operating activities for the first three quarters of 2020 was negative at -¥55,193,086.21, compared to -¥18,306,385.20 in the same period of 2019, reflecting a worsening cash flow situation[37] - The net cash flow from operating activities was negative at CNY -49,791,421.41 for the first three quarters of 2020, worsening from CNY -27,642,149.13 in 2019[39] - Investment activities generated a net cash flow of CNY 41,218,688.45 in Q3 2020, a significant improvement from CNY -85,754,501.68 in the same quarter of the previous year[41] - The total cash and cash equivalents at the end of Q3 2020 stood at CNY 84,170,118.95, compared to CNY 69,191,364.39 at the end of Q3 2019[41] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,965[13] - The largest shareholder, Shanghai Yazhen Investment Co., Ltd., held 64.12% of the shares[13] Other Financial Metrics - The weighted average return on net assets was -1.38%, an improvement from -2.4% year-on-year[8] - Non-recurring gains and losses amounted to CNY 1,256,420.65 for the year-to-date period[12] - The company's other income surged by 921.74% to ¥33,442,764.19, largely due to government subsidies received[17] - The company's short-term borrowings increased by ¥23,319,428.48 during the reporting period[16] - The company's financial expenses increased due to new loan interest payments[17]