JJIT(SH:900929)2020-10-30 16:00Financial Performance - The company reported a net profit attributable to shareholders was CNY 12,922,932.70, representing a decline of 76.64% year-on-year[6]. - The operating revenue for the first nine months was CNY 200,121,976.94, down 80.31% compared to the same period last year[6]. - The company achieved a consolidated operating revenue of CNY 51,417,200 in the third quarter, a decrease of 86.37% year-on-year[11]. - The company's total revenue for the first nine months of 2020 was approximately CNY 200.12 million, a decrease of 80.31% compared to CNY 1,016.52 million in the same period of 2019[15]. - The revenue from outbound tourism dropped by 86.31% to CNY 46.24 million, while inbound tourism revenue fell by 87.02% to CNY 11.52 million[15]. - Domestic tourism revenue decreased by 84.39% to CNY 14.20 million, and ticketing business revenue plummeted by 99.63% to CNY 0.78 million[15]. - Total revenue for Q3 2020 was CNY 51,417,173.50, a decrease from CNY 377,346,355.94 in Q3 2019[63]. - Total operating revenue for Q3 2020 was ¥10,409,663.54, a decrease from ¥56,733,548.71 in Q3 2019[68]. - The company's net profit for Q3 2020 was CNY 879,470.83, a decrease from CNY 2,378,291.61 in Q3 2019, representing a decline of approximately 63.0%[70]. - The company reported a total comprehensive income of negative CNY 44,623,781.48 for Q3 2020, compared to negative CNY 43,594,998.42 in Q3 2019[71]. Asset and Liability Management - The company reported a total asset of CNY 1,073,903,388.36 at the end of the reporting period, a decrease of 17.91% compared to the end of the previous year[6]. - The total assets as of September 30, 2020, were CNY 1,033,811,540.85, a decrease from CNY 1,128,286,727.10 at the end of 2019[61]. - The company reported a significant decline in current assets, totaling ¥298,798,608.24 as of September 30, 2020, down from ¥430,195,215.43 at the end of 2019, representing a decrease of approximately 30.5%[56]. - The company's total liabilities as of September 30, 2020, were CNY 77,197,108.61, down from CNY 97,374,974.36 at the end of 2019[61]. - The company’s accounts payable decreased significantly to ¥48,090,238.64 from ¥106,618,830.77, a reduction of about 55.1%[57]. - The company reported a total liability of RMB 97,374,974.36, with current liabilities at RMB 65,269,272.03 and non-current liabilities at RMB 32,105,702.33[87]. Cash Flow Analysis - The company reported a net cash flow from operating activities of -CNY 36,641,600.87 for the first nine months, an improvement from -CNY 73,769,015.52 in the same period last year[6]. - The net cash flow from operating activities for the first three quarters of 2020 was -9,927,247.95 RMB, compared to -61,307,839.37 RMB in the same period of 2019, showing an improvement[77]. - The cash inflow from operating activities for the first three quarters of 2020 was 32,287,780.34 RMB, significantly lower than 165,210,804.36 RMB in the same period of 2019[77]. - The cash outflow for operating activities in the first three quarters of 2020 was 42,215,028.29 RMB, compared to 226,518,643.73 RMB in 2019, showing a decrease[77]. - The net cash flow from financing activities was CNY -15,972,000.00, an increase of CNY 15,841,504.80 compared to CNY -31,813,504.80 in the same period last year, mainly due to unpaid dividends[46]. Strategic Initiatives - The company is focusing on optimizing existing products and developing new hotel products centered around vacation hotels and family travel packages[12]. - The company launched several city tour products and customized travel packages for corporate unions, leveraging its brand advantages[12]. - The company is actively utilizing diversified sales channels to promote its products, including online and offline marketing strategies[12]. - The company is increasing its focus on customized travel services and has formed a project team for domestic customized travel[13]. - The company is actively adjusting its marketing strategies and innovating its tourism products in response to the pandemic's challenges[52]. - The company plans to focus on the recovery of the domestic tourism market as the pandemic stabilizes[52]. - The company is committed to minimizing losses caused by the pandemic through enhanced management and cost control measures[52]. - The company is focusing on market expansion and new product development as part of its future strategy[68]. Shareholder Information - The total number of shareholders at the end of the reporting period was 12,691[8]. - Shareholders' equity totaled CNY 956,614,432.24 as of September 30, 2020, compared to CNY 1,030,911,752.74 at the end of 2019[61]. - The total equity attributable to shareholders increased by 0% from the previous period, indicating stability in shareholder value[87]. Other Financial Metrics - The weighted average return on equity decreased to 1.56%, down 4.69 percentage points from the previous year[6]. - The gross profit margin for tourism and related services was 17.44%, with a decrease of 84.33% in revenue compared to the previous year[18]. - The company incurred a loss of CNY 240,148.07 from investments in associates, a significant decrease from a profit of CNY 3,413,857.99 in the same period last year[40]. - The fair value change income was CNY 8,689.44, a drastic decline of 99.73% from CNY 3,256,961.21 year-on-year, mainly due to reduced gains from trading financial assets[41]. - The company reported a loss of CNY 83,080,692.06 in other comprehensive income, worsening from a loss of CNY 35,436,439.15 in the same period last year, primarily due to a decrease in the fair value of other equity investments[45].