SCAC(SH:900908)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 46.26% to CNY 338,103,652.46 for the first nine months of the year[6]. - Operating revenue for the first nine months dropped by 32.81% to CNY 3,442,365,989.37 compared to the same period last year[6]. - Basic earnings per share fell by 46.25% to CNY 0.2924[6]. - Operating profit fell by 44.03% to ¥373,366,371.24 compared to ¥667,106,559.52 in the previous year[14]. - Net profit decreased by 46.34% to ¥337,487,315.10 from ¥628,896,567.86 year-on-year[14]. - Total operating revenue for Q3 2020 reached approximately 4.59 billion, an increase from 3.16 billion in Q3 2019, representing a growth of about 45% year-over-year[27]. - Net profit for Q3 2020 was approximately 191.62 million, compared to 170.24 million in Q3 2019, reflecting a year-over-year increase of about 12.8%[28]. - The company reported a total profit of approximately 206.70 million for Q3 2020, up from 194.22 million in the same quarter last year, marking an increase of about 6.4%[28]. - The company reported a net profit margin decline due to reduced revenue, with net profit figures not specified in the provided data[26]. Cash Flow - Net cash flow from operating activities decreased by 15.79% to CNY 419,434,800.89 for the first nine months[6]. - Cash flow from operating activities decreased by ¥78,669,434.60 to ¥419,434,800.89 compared to ¥498,104,235.49 in the same period last year[15]. - Total cash inflow from operating activities for the first nine months of 2020 was CNY 2,722,776,904.71, compared to CNY 3,576,371,683.30 in the same period of 2019, indicating a decrease of about 24%[38]. - The net cash flow from operating activities for Q3 2020 was CNY 419,434,800.89, a decrease from CNY 498,104,235.49 in Q3 2019, reflecting a decline of approximately 15%[36]. - The total cash outflow from operating activities for the first nine months of 2020 was CNY 2,378,052,551.15, compared to CNY 3,048,533,273.60 in the same period of 2019, indicating a decrease of about 22%[38]. Assets and Liabilities - Total assets increased by 8.91% to CNY 6,244,659,717.75 compared to the end of the previous year[6]. - Total liabilities rose to CNY 1,227,870,210.36 in Q3 2020, up from CNY 1,079,458,535.83 in Q3 2019, marking an increase of 13.7%[22]. - The company's total equity increased to CNY 5,016,789,507.39 in Q3 2020 from CNY 4,654,582,945.84 in Q3 2019, reflecting a growth of 7.8%[22]. - The total non-current assets increased to CNY 3,130,584,558.49 in Q3 2020 from CNY 2,922,710,895.66 in Q3 2019, an increase of 7.1%[24]. - The company holds long-term equity investments valued at CNY 586,681,705.29 and other equity investments at CNY 512,780,133.99[41]. - Total liabilities reached CNY 1,079,458,535.83, with current liabilities at CNY 946,614,147.30 and non-current liabilities at CNY 132,844,388.53[42]. Shareholder Information - The total number of shareholders reached 81,307 by the end of the reporting period[10]. - The largest shareholder, Shanghai Huayi (Group) Company, holds 46.59% of the shares[10]. Government Support - The company received government subsidies amounting to CNY 3,359,628.03 during the reporting period[7]. Research and Development - Research and development expenses decreased by 28.63% to ¥77,137,263.98 from ¥108,087,980.91 in the previous year[14]. - Research and development expenses for Q3 2020 amounted to approximately 36.56 million, compared to 33.42 million in Q3 2019, indicating an increase of about 6.4%[27]. Investment Income - The company achieved an investment income of approximately ¥57.93 million in Q3 2020, an increase of 43.7% from ¥40.31 million in Q3 2019[31]. - The company received CNY 185,295,540.20 in investment income during Q3 2020, compared to CNY 224,384,488.82 in Q3 2019, marking a decline of approximately 17%[37]. Comprehensive Income - The total comprehensive income for Q3 2020 was approximately 193.68 million, compared to 169.29 million in Q3 2019, indicating a growth of about 14.4%[30]. - The company reported a comprehensive income total of approximately ¥189.42 million for Q3 2020, compared to ¥166.79 million in Q3 2019, reflecting a growth of 13.5%[33].