嘉友国际(603871) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders increased by 1.03% to CNY 282,534,192.50 year-on-year[18] - Operating revenue decreased by 22.24% to CNY 2,430,376,562.52 for the period from January to September[18] - Basic earnings per share increased by 1.03% to CNY 1.2871[21] - The weighted average return on net assets decreased by 2.29 percentage points to 14.00%[21] - Total revenue for Q3 2020 reached ¥1,000,737,739.32, an increase from ¥961,713,829.75 in Q3 2019, representing a growth of approximately 4.3%[59] - Operating profit for Q3 2020 was ¥147,539,874.09, compared to ¥124,297,764.73 in Q3 2019, indicating an increase of about 18.6%[64] - Net profit for Q3 2020 was ¥128,835,167.54, up from ¥100,974,978.07 in Q3 2019, reflecting a growth of approximately 27.6%[67] - Total comprehensive income attributable to the parent company's owners was CNY 127,200,752.96, up from CNY 100,158,893.01 in the same period last year, representing a growth of approximately 26.5%[73] - Basic earnings per share increased to CNY 0.5852 from CNY 0.4563 year-over-year, reflecting a growth of about 28.3%[73] - Net profit for Q3 2020 was CNY 20,931,601.90, down from CNY 34,895,205.71 in Q3 2019, indicating a decline of about 40%[77] Assets and Liabilities - Total assets increased by 36.75% to CNY 3,277,980,532.58 compared to the end of the previous year[18] - The company’s total assets increased significantly due to the acquisition of Jia Yida, impacting various financial metrics[34] - As of September 30, 2020, total assets amounted to RMB 3,277,980,532.58, an increase from RMB 2,396,979,490.27 as of December 31, 2019, representing a growth of approximately 37%[49] - Current assets totaled RMB 2,197,691,058.59, up from RMB 1,774,940,061.95, indicating an increase of about 24% year-over-year[49] - Total liabilities reached RMB 1,114,435,280.99, significantly higher than RMB 461,645,221.96, marking an increase of around 141%[52] - The company reported a significant increase in long-term equity investments to RMB 15,161,237.31 from RMB 14,920,940.17, a growth of approximately 2%[49] - Total assets amounted to approximately $2.40 billion, with current assets at about $1.77 billion and non-current assets at approximately $622 million[89] - Current liabilities totaled approximately $452 million, with accounts payable at around $154 million and contract liabilities at approximately $204 million[93] - The company has a total liability of approximately $461 million, with non-current liabilities accounting for about $9.5 million[93] - Total liabilities reached approximately $508.30 million, with current liabilities accounting for about $507.83 million[98] Cash Flow - Net cash flow from operating activities decreased by 50.56% to CNY 155,904,302.15 compared to the same period last year[18] - The company reported a total cash inflow from operating activities of CNY 2,637,679,440.71 for the first nine months of 2020, compared to CNY 3,595,891,799.12 in the same period of 2019, a decrease of approximately 26.7%[79] - Operating cash inflow totaled CNY 2,875,486,833.28, down from CNY 4,244,530,028.73, representing a decrease of approximately 32.3% year-over-year[82] - Cash inflow from investment activities reached CNY 4,402,321,253.81, an increase from CNY 3,163,792,996.10, marking a growth of approximately 39.2%[82] - Cash outflow for investment activities was CNY 5,909,747,423.44, significantly higher than CNY 3,426,010,568.49, reflecting an increase of around 72.5%[82] - Net cash flow from investment activities was -CNY 1,507,426,169.63, worsening from -CNY 262,217,572.39 year-over-year[82] - Cash inflow from financing activities amounted to CNY 713,800,943.40, a substantial increase from CNY 62,558,280.00[84] - Net cash flow from financing activities was CNY 561,398,867.92, compared to CNY -56,000,000.00 in the previous year, indicating a significant turnaround[84] - The ending cash and cash equivalents balance was CNY 459,669,763.66, down from CNY 506,144,341.12, representing a decrease of approximately 9.2%[84] - The company reported a net increase in cash and cash equivalents of -CNY 796,454,209.29, compared to an increase of CNY 64,804,036.39 in the previous year[84] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,424[27] - The largest shareholder, Jiaxin Yi (Tianjin) Asset Management Partnership, holds 37.50% of the shares[27] - Shareholders' equity rose to RMB 2,163,545,251.59 from RMB 1,935,334,268.31, an increase of about 12%[54] - The company's equity attributable to shareholders reached approximately $1.87 billion, with retained earnings of about $841 million[93] - Shareholders' equity totaled approximately $1.33 billion, including undistributed profits of about $308.54 million[101] - The capital reserve stands at approximately $811.57 million, contributing to the overall equity[101] Investments and Acquisitions - The company completed a cash dividend distribution of CNY 15,680,000 on June 16, 2020, impacting net assets[21] - The company issued 7,200,000 convertible bonds with a total amount of RMB 72,000,000, with an initial conversion price of RMB 24.82 per share[41] - The company reported a 196.82% increase in non-current liabilities due within one year to RMB 42,000,000.00 due to unpaid equity from the acquisition of Jia Yida[37] - The company has ongoing construction projects valued at approximately $180.76 million[89] - The company’s goodwill is recorded at approximately $60.89 million, indicating potential for future growth[89] - The company has implemented new revenue recognition standards, adjusting pre-receivables into contract liabilities and other current liabilities[95] - The company has invested in new technologies and products, although specific details were not disclosed in the financial summary[49] Research and Development - Research and development expenses for Q3 2020 were ¥2,604,856.65, slightly down from ¥2,985,052.81 in Q3 2019, indicating a decrease of approximately 12.7%[62] - Research and development expenses for Q3 2020 were CNY 2,604,856.65, slightly down from CNY 2,985,052.81 in the same quarter last year[74] Financial Adjustments - The company experienced a foreign exchange impact of -CNY 6,331,209.73 on cash and cash equivalents, contrasting with a positive impact of CNY 5,129,321.17 in the prior year[84] - Deferred tax assets were reported at ¥438,669,96 in Q3 2020, a slight decrease from ¥449,336.50 in Q3 2019[59] - The company reported a deferred tax asset of approximately $449.34 million[98] - The company’s long-term liabilities include a deferred tax liability of approximately $472.40 million[98] - Deferred tax assets are valued at approximately $752,601, contributing to the company's financial stability[89]