JINHUI(SH:603919)2020-10-26 16:00Financial Performance - Operating revenue for the first nine months was CNY 1,045,164,303.44, a decrease of 5.53% year-on-year[9] - Net profit attributable to shareholders was CNY 158,799,403.33, down 2.28% from the same period last year[9] - The company experienced a 33.37% decline in revenue in Q1 due to the COVID-19 pandemic, but Q2 and Q3 saw recoveries with increases of 22.70% and 14.42% respectively[11] - The net profit in Q1 dropped by 47.00%, but Q2 and Q3 profits increased by 141.69% and 40.07% respectively[11] - Total revenue for Q3 2020 reached ¥333,637,888.70, an increase from ¥291,584,575.31 in Q3 2019, representing a growth of approximately 14.4%[67] - Net profit for Q3 2020 was ¥38,591,649.17, up from ¥27,550,809.74 in Q3 2019, indicating a growth of approximately 39.9%[72] - Basic earnings per share for Q3 2020 were ¥0.08, compared to ¥0.06 in Q3 2019, showing an increase of 33.3%[71] - Total comprehensive income for the first three quarters of 2020 was ¥51,170,887.89, compared to ¥49,903,291.28 in the same period of 2019, showing an increase of 2.5%[77] Cash Flow - The net cash flow from operating activities was CNY -55,441,958.51, a significant decline of 119.27% compared to the previous year[9] - Cash flow from operating activities showed a net outflow of RMB 55,441,958.51, a decline of 119.27% compared to a net inflow of RMB 287,684,798.95[46] - Cash inflow from operating activities for the first three quarters of 2020 was ¥1,183,604,302.91, down 15.4% from ¥1,398,809,274.21 in 2019[79] - Net cash flow from operating activities for the first three quarters of 2020 was -¥55,441,958.51, a decline from ¥287,684,798.95 in 2019[81] - Cash outflow from investing activities totaled ¥291,769,670.56 in 2020, compared to ¥224,011,175.28 in 2019, indicating an increase of 30.3%[81] - Net cash flow from financing activities for the first three quarters of 2020 was ¥32,555,379.33, down from ¥214,402,171.37 in 2019, a decrease of 84.8%[83] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,348,156,823.56, an increase of 5.34% compared to the end of the previous year[9] - The total current liabilities rose to CNY 713,572,510.63 from CNY 613,684,465.58, indicating an increase of around 16.31%[60] - The company's total equity increased to CNY 2,605,739,289.77 from CNY 2,541,368,285.96, showing a growth of about 2.52%[61] - The total liabilities and shareholders' equity as of September 30, 2020, were ¥2,801,106,970.17, indicating an increase from ¥2,677,628,405.72 as of December 31, 2019[67] Inventory and Receivables - Accounts receivable decreased by 32.70% to RMB 9,662,947.40 from RMB 14,358,640.21[22] - Inventory increased by 35.42% to RMB 1,148,450,163.46 from RMB 848,040,445.05, due to increased storage of raw liquor[24][26] - The company's inventory was reported at RMB 761,584,977.45 as of January 1, 2020, consistent with the previous period[97] Research and Development - Research and development expenses rose by 181.94% to RMB 26,895,344.52 from RMB 9,539,401.01, attributed to an increase in R&D projects[37] - Research and development expenses for Q3 2020 amounted to ¥5,482,172.70, significantly higher than ¥2,669,629.40 in Q3 2019, marking an increase of approximately 105.5%[69] Shareholder Information - The total number of shareholders at the end of the reporting period was 30,210, with the top ten shareholders holding a combined 81.88% of shares[16] - The company’s capital stock increased by 30.00% to RMB 507,259,997.00 from RMB 390,199,998.00, due to capital reserve conversion[39] Financial Expenses - The company recorded a 677.41% increase in financial expenses, resulting in a financial cost of RMB -2,245,819.80 compared to RMB -288,886.13[37]