SGP(SH:603586)2020-10-29 16:00Financial Performance - Operating income for the first nine months was CNY 9,864,404,85.11, down 16.91% year-on-year[6] - Net profit attributable to shareholders was CNY 114,743,098.62, a decrease of 23.50% compared to the same period last year[6] - Basic earnings per share decreased by 20.55% to CNY 0.58[6] - The company reported a net loss of CNY 198,940.47 from the disposal of non-current assets in the third quarter[8] - Total operating revenue for Q3 2020 was ¥310,856,476.18, a decrease of 21.3% compared to ¥394,757,955.23 in Q3 2019[30] - Net profit for the first three quarters of 2020 was ¥18,259,241.76, compared to ¥19,461,992.00 in the same period of 2019, reflecting a decrease of 6.1%[30] - Q3 2020 net profit reached CNY 26.77 million, down 43.1% from CNY 47.05 million in Q3 2019[32] - Total profit for Q3 2020 was CNY 31.66 million, down 49.5% from CNY 62.61 million in Q3 2019[31] - The company reported a total profit of CNY 142.40 million for the first three quarters of 2020, down 20.5% from CNY 186.01 million in the same period of 2019[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,641,109,939.30, a decrease of 5.92% compared to the end of the previous year[6] - Current assets totaled ¥1,528,919,257.19, down from ¥1,709,423,035.23, indicating a decrease of about 10.6%[22] - Total liabilities decreased to ¥517,929,932.12 from ¥619,027,230.29, a decline of about 16.4%[23] - Shareholders' equity decreased to ¥2,123,180,007.18 from ¥2,188,219,066.20, representing a decrease of approximately 3.0%[23] - Total assets as of September 30, 2020, were ¥2,153,304,424.46, down from ¥2,355,774,836.97 at the end of 2019, a decline of 8.6%[28] - Total liabilities decreased to ¥453,885,019.16 from ¥547,869,738.27, representing a reduction of 17.1%[28] Cash Flow - Net cash flow from operating activities increased by 47.85% to CNY 257,479,897.45 for the first nine months[6] - The company reported a net cash flow from operating activities of CNY 257,479,897.45, an increase of 47.85% compared to the previous period[14] - Cash flow from operating activities for the first three quarters of 2020 was ¥257,479,897.45, an increase of 48.0% compared to ¥174,145,947.75 in the same period of 2019[38] - The company reported cash inflow from investment activities of ¥617,526,441.63 in the first three quarters of 2020, up 14.7% from ¥538,461,130.32 in 2019[38] - The company reported a net cash flow from investment activities of ¥228,889,506.40, a significant recovery from a net outflow of ¥307,170,788.21 in the previous year[41] Financial Ratios and Metrics - The weighted average return on equity decreased by 1.90 percentage points to 5.31%[6] - The company’s financial expenses increased by 121.93%, reaching CNY 12,740,205.59, attributed to greater fluctuations in the RMB to USD exchange rate[14] - The company’s total financial expenses for Q3 2020 were ¥9,225,298.29, compared to ¥3,387,673.32 in Q3 2019[34] Inventory and Investments - The company’s inventory stock increased by 181.41%, from CNY 43,307,933.10 to CNY 121,871,498.60, due to share buybacks[14] - The company experienced a 100% decrease in trading financial assets, dropping from CNY 80 million to zero, due to the redemption of financial products[14] - The total amount of convertible bonds approved for public issuance is CNY 463.44 million, with a term of 6 years[15] Government Support and Other Income - Government subsidies recognized during the reporting period amounted to CNY 6,803,271.17[8] - Other income increased by 34.14%, amounting to CNY 8,356,679.14, primarily from government subsidies[14] Future Outlook - The company anticipates a potential decline in cumulative net profit compared to the same period last year due to the impact of the COVID-19 pandemic on export trade[17] - The company plans to focus on market expansion and new product development in the upcoming quarters[30]