YONGYUE(SH:603879)2020-10-23 16:00Financial Performance - Operating revenue decreased by 18.59% to CNY 255,141,990.99 for the period from January to September[5] - Net profit attributable to shareholders of the listed company was CNY -1,290,113.21, a significant decline from CNY 20,280,955.01 in the previous year[5] - The diluted earnings per share for the period was CNY -0.01, compared to CNY 0.10 in the previous year[6] - The company anticipates a significant decline in net profit attributable to shareholders for the year 2020 compared to the previous year, due to unprecedented operational pressures from the global pandemic, trade tensions, and decreased downstream demand[16] - Net profit for Q3 2020 was a loss of ¥2,996,883.29, compared to a profit of ¥7,087,895.59 in Q3 2019, indicating a significant decline[31] - The total profit for Q3 2020 was a loss of ¥2,709,730.66, compared to a profit of ¥7,795,282.19 in Q3 2019, indicating a significant downturn[31] - The company reported a total comprehensive income of approximately -¥3.93 million for Q3 2020, compared to ¥7.02 million in Q3 2019[37] Cash Flow - Net cash flow from operating activities decreased by 43.59% to CNY -16,126,367.95 compared to the same period last year[5] - Cash and cash equivalents decreased by 36.29% to ¥42,888,829.91 due to payments for subsidiary investments and external PE investments[13] - The net cash flow from investment activities decreased to -36,992,721.87 RMB, primarily due to increased payments for subsidiary investments and external PE investments[16] - The net cash flow from financing activities increased to 25,770,224.52 RMB, mainly due to an increase in borrowings compared to the same period last year when the company repurchased shares[16] - The cash flow from operating activities for the first three quarters of 2020 was approximately -¥16.13 million, compared to -¥11.23 million in the same period of 2019[39] - The net cash flow from investment activities was -41,368,518.45 RMB, a significant decline from a positive cash flow of 4,116,341.18 RMB in the same period last year[41] - The net cash flow from financing activities was 18,770,224.52 RMB, recovering from a negative cash flow of -35,337,663.23 RMB in the previous year[42] Assets and Liabilities - Total assets increased by 6.68% to CNY 620,212,956.79 compared to the end of the previous year[5] - The total liabilities increased to 93,980,253.67 RMB from 44,792,978.12 RMB, indicating a substantial rise in financial obligations[22] - The equity attributable to shareholders decreased to 516,553,858.92 RMB from 526,276,895.77 RMB, reflecting a decline in retained earnings[23] - The total liabilities as of Q3 2020 amounted to ¥90,616,215.45, compared to ¥48,073,636.12 in the same period last year, reflecting an increase of 88.5%[27] - The total equity decreased to ¥524,481,140.47 in Q3 2020 from ¥529,840,088.26 in Q3 2019, a decline of 1.0%[27] - The company’s total current liabilities were CNY 47,749,319.95, with short-term borrowings at CNY 14,244,481.54[50] Shareholder Information - The number of shareholders at the end of the reporting period was 23,043[10] - The largest shareholder, Fu Wenchang, holds 21.05% of the shares, with 18,270,000 shares pledged[10] Government Support and Other Income - The company received government subsidies amounting to CNY 1,187,050.00 during the reporting period[7] - The company reported a total of ¥1,163,660.75 in other income for Q3 2020, up from ¥700,000.00 in Q3 2019, a growth of 66.1%[30] Investment and Expenses - Investment income rose by 87.15% to ¥7,120,101.76, primarily from profits on futures trading[15] - Research and development expenses for Q3 2020 were ¥4,456,427.62, compared to ¥3,350,364.40 in Q3 2019, marking an increase of 32.9%[30] - Financial expenses surged by 11,037.88% to ¥1,425,310.83 due to increased loan amounts and higher interest payments[15]