HSTD(SH:900942)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months dropped by 63.33% to CNY 454,274,894.53 compared to the same period last year[7]. - Net profit attributable to shareholders was a loss of CNY 47,935,936.75, a decline of 114.27% year-on-year[7]. - The company’s basic earnings per share for the period was -0.0657 CNY, a decrease of 114.34% compared to the previous year[7]. - Total revenue for Q3 2020 was CNY 454,274,894.53, a decrease of 63.33% compared to CNY 1,238,941,195.42 in the same period last year, primarily due to a 64.14% decline in visitor numbers caused by the COVID-19 pandemic[13]. - Total operating revenue for Q3 2020 was approximately ¥254.18 million, a decrease from ¥510.50 million in Q3 2019, representing a decline of about 50%[27]. - Net profit for Q3 2020 was approximately ¥42.70 million, compared to a net profit of ¥177.84 million in Q3 2019, reflecting a decrease of about 76%[28]. - The company reported a total profit of approximately ¥54.38 million for Q3 2020, compared to ¥235.94 million in Q3 2019, a decline of about 77%[28]. - The total comprehensive income for Q3 2020 was approximately -¥152.70 million, compared to -¥11.57 million in Q3 2019, indicating a significant increase in losses[28]. Cash Flow - Cash flow from operating activities showed a negative net amount of CNY 75,719,489.31, a decrease of 120.18% compared to the previous year[7]. - The company reported a net cash outflow from operating activities of CNY -75,719,489.31, a decline of 120.18% compared to CNY 375,139,020.66 in the previous year, mainly due to decreased cash received from sales[14]. - The company’s cash flow from operating activities showed a net outflow of CNY 58,218,653.57 for the first three quarters of 2020, compared to a net inflow of CNY 373,903,964.40 in 2019[34]. - Total cash inflow from operating activities was CNY 350,797,737.73, a decrease of 70.3% from CNY 1,182,990,860.69 in the previous year[34]. - Cash inflow from investment activities totaled CNY 819,137,644.33, compared to CNY 1,062,673,727.69 in the same period last year, reflecting a decrease of 22.9%[33]. - Cash outflow from investment activities was CNY 1,493,497,001.44, down from CNY 2,127,594,750.63 in 2019, resulting in a net cash flow from investment activities of -CNY 674,359,357.11[33]. Assets and Liabilities - Total assets decreased by 3.83% to CNY 4,777,519,090.06 compared to the end of the previous year[7]. - Current assets totaled CNY 2,079,555,061.75, down from CNY 2,210,386,720.24 in 2019, indicating a decrease of about 5.93%[20]. - Total liabilities decreased to CNY 291,208,743.38 from CNY 444,611,728.69, a decline of approximately 34.6%[21]. - The company's equity attributable to shareholders was CNY 4,328,372,835.45, slightly down from CNY 4,359,078,733.18, a decrease of about 0.7%[21]. - Long-term receivables increased by 93.52% to CNY 258,276,790.55, primarily due to loans made to an associated enterprise[12]. - The company reported a significant reduction in accounts receivable by 46.97% to CNY 21,838,735.49 due to decreased business volume from the COVID-19 pandemic[12]. - The company’s fixed assets decreased to CNY 1,457,725,406.33 from CNY 1,506,707,470.73, a decline of approximately 3.2%[20]. - The company’s goodwill increased to CNY 20,619,526.55 from CNY 7,495,748.36, reflecting a growth of approximately 175.0%[20]. Government Support and Future Plans - The company received government subsidies amounting to CNY 9,257,653.12 for the year-to-date, which are closely related to its normal business operations[8]. - The company expects a significant decline in cumulative net profit for the year compared to the previous year due to the ongoing impact of the COVID-19 pandemic[16]. - The company plans to strengthen marketing efforts and control costs to mitigate the adverse effects of the pandemic on its operations[16]. - The company is actively pursuing the comprehensive upgrade of the Huashan Miku Scenic Area and other projects, with expected completion by the end of the year[14]. - The company has adjusted the investment amount for the Huashan Miku Scenic Area upgrade project from CNY 383.1 million to CNY 350 million and has allocated CNY 168.5 million for the new Huahai Art Realm project[15]. Shareholder Information - The number of shareholders totaled 59,671, with the largest shareholder holding 40.66% of the shares[10].