KSHG(SH:605333)2020-10-28 16:00Financial Performance - Operating revenue for the first nine months was ¥982,037,123.10, a decrease of 15.89% compared to the same period last year[9] - Net profit attributable to shareholders of the listed company was ¥43,827,865.21, down 24.12% year-on-year[9] - Basic earnings per share decreased by 31.25% to ¥0.11 compared to the same period last year[9] - The company reported a net profit of $192,974,517.56 for the first nine months of 2020, compared to $149,194,220.11 in the same period last year, indicating a growth of approximately 29.4%[27] - Total operating revenue for Q3 2020 was CNY 403.47 million, a decrease of 10.4% compared to CNY 450.11 million in Q3 2019[30] - Net profit for Q3 2020 was CNY 20.68 million, a decline of 22.9% from CNY 26.76 million in Q3 2019[31] - The total profit for Q3 2020 was CNY 24.25 million, a decrease of 23.6% from CNY 31.76 million in Q3 2019[31] - The total operating profit for the first three quarters of 2020 was approximately ¥51.36 million, a decrease of 22.8% from ¥66.54 million in the same period of 2019[34] Cash Flow - The net cash flow from operating activities for the first nine months was ¥165,937,535.76, compared to a negative cash flow of ¥31,953,245.83 in the same period last year[9] - Net cash flow from operating activities improved significantly to ¥165,937,535.76 from -¥31,953,245.83, driven by better collection management and reduced employee compensation and taxes due to the pandemic[15] - The cash flow from operating activities in the first three quarters of 2020 was approximately ¥165.94 million, a significant improvement compared to a negative cash flow of ¥31.95 million in the same period of 2019[39] - In Q3 2020, the company reported a net cash flow from operating activities of ¥74,538,384.28, a significant improvement compared to a net outflow of -¥35,571,610.10 in the same period of 2019[42] - The company reported a total operating cash inflow of ¥961,764,316.26, compared to ¥921,571,091.17 in the same period last year, showing growth in operational efficiency[42] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,739,308,009.92, an increase of 5.38% compared to the previous year-end[9] - Total current assets amounted to ¥958,655,855.36, slightly up from ¥939,020,242.70 in the previous year[18] - The total liabilities decreased to $988,187,698.44 from $1,113,009,080.49, a reduction of about 11.2%[22] - Current liabilities decreased to $763,059,617.55 from $977,703,435.03, a reduction of approximately 22%[22] - Long-term borrowings rose by 94.71% to ¥195,000,000.00 from ¥100,149,722.22, due to the addition of new long-term loans of ¥95,000,000.00[13] - The company’s total liabilities increased, with debt repayment cash outflow reaching ¥678,302,500.00, compared to ¥297,985,300.00 in Q3 2019, indicating a focus on debt management[42] Shareholder Information - Net assets attributable to shareholders of the listed company increased by 39.74% to ¥751,120,311.48 compared to the previous year-end[9] - The total number of shareholders at the end of the reporting period was 19,419[11] - The largest shareholder, Cheng Sanrong, holds 65.34% of the shares, totaling 262,000,000 shares[11] - The company's equity attributable to shareholders rose to $751,120,311.48, up from $537,528,997.08, marking an increase of approximately 39.5%[22] Other Financial Metrics - Government subsidies recognized during the reporting period amounted to ¥1,977,590.07, contributing to the overall financial performance[9] - Other income increased by 91.13% to ¥14,169,146.09 from ¥7,413,374.42, mainly due to increased tax refunds for welfare enterprises and new epidemic prevention subsidies[15] - The company reported a credit impairment loss of CNY -306,141.36 in Q3 2020, compared to a gain of CNY 461,974.87 in Q3 2019[31] - Research and development expenses for Q3 2020 amounted to CNY 18.53 million, an increase of 8.9% compared to CNY 17.00 million in Q3 2019[30] - The company executed a reclassification of contract assets in accordance with new revenue recognition standards during the reporting period[13]