JAHB(SH:603822)2020-10-27 16:00Financial Performance - Operating revenue for the first nine months rose by 17.51% to CNY 994,387,099.58 compared to the same period last year[8] - Net profit attributable to shareholders decreased by 29.93% to CNY 28,626,882.36 for the first nine months[8] - Basic earnings per share decreased by 29.89% to CNY 0.4320[9] - Total operating revenue for Q3 2020 reached ¥415,305,008.91, a 21.05% increase from ¥343,120,076.36 in Q3 2019[28] - Net profit for Q3 2020 was ¥11,001,291.97, a decrease of 22.67% compared to ¥14,254,053.26 in Q3 2019[30] - Earnings per share for Q3 2020 was ¥0.1369, down from ¥0.1840 in Q3 2019[31] - The company reported a total profit of ¥13,106,582.05 for Q3 2020, down from ¥14,046,673.04 in Q3 2019, a decrease of 6.69%[30] Assets and Liabilities - Total assets increased by 26.47% to CNY 1,977,180,946.53 compared to the end of the previous year[8] - Current assets totaled CNY 932,411,063.78, up 35.5% from CNY 687,592,528.88 at the end of 2019[20] - Total liabilities amounted to CNY 1,147,313,700.97, up 52.8% from CNY 750,782,392.51 at the end of 2019[22] - Total liabilities increased to ¥882,755,786.54 in Q3 2020, compared to ¥633,223,057.51 in Q3 2019, reflecting a 39.29% rise[26] - Total assets as of the end of Q3 2020 stood at CNY 1,563.35 million, unchanged from the previous year[43] - The total liabilities as of the end of Q3 2020 were CNY 750.78 million, consistent with the previous year[44] Cash Flow - Cash flow from operating activities showed a significant decline of 156.37%, resulting in a net cash outflow of CNY -51,162,982.84[8] - Cash inflow from operating activities for the first three quarters of 2020 was CNY 781.09 million, a decrease of 9.8% compared to CNY 865.86 million in the same period of 2019[40] - Net cash flow from operating activities for the first three quarters of 2020 was CNY 36.49 million, down 67.3% from CNY 111.55 million in 2019[40] - Cash inflow from financing activities increased significantly to CNY 584.90 million in 2020 from CNY 220.24 million in 2019, marking a 165.5% increase[40] - The company reported a net cash outflow from investing activities of CNY 19.59 million in the first three quarters of 2020, an improvement from a net outflow of CNY 39.75 million in 2019[40] Shareholder Information - The company had a total of 8,955 shareholders at the end of the reporting period[12] - The largest shareholder, Tongxiang Shunchang Investment Co., Ltd., holds 23.11% of the shares[12] Research and Development - R&D expenses rose by 41.82% to RMB 27,794,825.89 driven by increased investment in R&D projects[15] - Research and development expenses for Q3 2020 were ¥11,632,164.00, an increase of 10.77% from ¥10,501,723.77 in Q3 2019[29] - R&D expenses increased to ¥10.56 million in Q3 2020, up from ¥9.18 million in Q3 2019, reflecting a focus on innovation[33] Inventory and Accounts Receivable - Accounts receivable increased by 58.09% to RMB 57,994,570.36 reflecting expanded sales and uncollected payments[15] - Inventory grew by 43.55% to RMB 435,486,712.61 as a result of business expansion and increased stockpiling[15] - The company reported a significant increase in accounts receivable, which rose to CNY 57,994,570.36, up 58.5% from CNY 36,684,783.65 at the end of 2019[20] Future Plans and Projects - The company’s subsidiary Mingzhou Environmental's chlorinated plasticizer project is expected to achieve an annual production capacity of 60,000 tons by the end of 2020[16] - The subsidiary Jiaao Dingxin's project is facing technical challenges, requiring additional reactor installations to improve conversion rates[17] - The company completed the project acceptance for the "Annual Production of 100,000 Tons of Industrial Mixed Oil Technology Renovation Project" in September 2020[18] - The company is utilizing its own funds and bank loans to stabilize the "Annual Production of 100,000 Tons of Biodiesel Project" currently in the preparatory stage[18] - The company plans to implement new leasing standards starting in 2021, following the initial execution of new revenue standards in 2020[44]