Shenli(SH:603819)2020-10-28 16:00Financial Performance - Operating revenue for the first nine months was CNY 701,604,794.39, down 12.87% year-on-year[6] - Net profit attributable to shareholders of the listed company dropped by 86.67% to CNY 12,062,239.27[6] - Basic earnings per share decreased by 90.74% to CNY 0.05[7] - The company reported a decrease of 70.51% in net profit after deducting non-recurring gains and losses, amounting to CNY 6,654,287.56[6] - Net profit for the first three quarters of 2020 was CNY 5,153,962.66, compared to CNY 27,452,648.28 in the same period of 2019, indicating a significant decline[26] - The net profit for Q3 2020 was a loss of ¥502,182.39, compared to a profit of ¥72,222,998.56 in Q3 2019, indicating a significant decline[28] - The total profit for Q3 2020 was a loss of ¥872,703.79, down from a profit of ¥83,967,282.23 in the same period last year[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,125,903,244.33, a decrease of 0.92% compared to the end of the previous year[6] - The company's total liabilities increased to RMB 383,252,343.98, compared to RMB 356,895,112.39 at the beginning of the year, reflecting a rise in short-term borrowings[19] - Total liabilities increased to CNY 380,440,188.23 in Q3 2020 from CNY 353,072,314.62 in Q3 2019, representing a rise of 7.7%[24] - The total liabilities as of Q3 2020 were ¥358,757,489.33, with total assets amounting to ¥1,136,381,480.66, resulting in a debt-to-asset ratio of approximately 31.6%[40] Shareholder Information - Net assets attributable to shareholders of the listed company decreased by 4.71% to CNY 740,959,823.20[6] - The total number of shareholders at the end of the reporting period was 7,828[10] - The largest shareholder, Chen Zhongwei, holds 36.20% of the shares, with 67,845,440 shares pledged[10] - Shareholders' equity decreased to CNY 736,827,889.11 from CNY 774,740,602.74 year-over-year, reflecting a decline of 4.9%[24] - Shareholders' equity totaled $774,740,602.74, including paid-in capital of $168,314,860.00 and retained earnings of $212,133,533.54[44] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 61,182,757.15, a significant recovery from a negative CNY 77,014,763.62 in the same period last year[6] - Cash flow from operating activities improved to RMB 61,182,757.15, a recovery from a negative cash flow of RMB -77,014,763.62 in the previous period[14] - The cash outflow from operating activities totaled CNY 544,454,178.99 for the first three quarters of 2020, down from CNY 704,540,163.20 in the same period of 2019[33] - The net cash flow from operating activities for Q3 2020 was ¥79,419,790.83, a significant improvement compared to a net outflow of ¥85,279,925.81 in Q3 2019[36] - Total cash inflow from financing activities was ¥445,000,000.00, up from ¥381,000,000.00 in the same quarter last year, indicating increased borrowing[36] Operational Efficiency - The company reported a significant increase in other income, which rose by 1,058.18% to RMB 7,457,476.71, mainly due to government subsidies received[14] - The company’s accounts receivable decreased to RMB 295,088,704.80 from RMB 329,218,806.25, indicating a reduction in credit sales[18] - The company’s cash and cash equivalents increased to RMB 107,816,050.12 from RMB 88,179,987.02, showing improved liquidity[18] - The company reported a 99.76% decline in asset disposal gains to RMB 185,840.71, primarily due to the previous year's asset relocation[14] - The company received ¥19,136,724.28 in cash related to other operating activities, a significant increase from ¥3,298,291.87 in the previous year, indicating enhanced operational efficiency[36] Research and Development - Research and development expenses for Q3 2020 were CNY 2,418,920.51, up from CNY 2,038,797.25 in Q3 2019, indicating an 18.7% increase[26] - The company's research and development expenses for Q3 2020 were ¥2,418,920.51, an increase from ¥2,038,797.25 in Q3 2019[29]