SHKK(SH:900943)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 587,805,430.52, representing an 8.20% decrease year-on-year[8] - Net profit attributable to shareholders decreased by 61.32% to CNY 5,486,879.65 for the first nine months[8] - Basic earnings per share dropped by 66.67% to CNY 0.02[8] - The company anticipates a cumulative net profit decline of approximately 70% compared to the previous year due to the impact of COVID-19 on retail operations[13] - Total operating revenue for Q3 2020 was ¥193.61 million, a decrease of 2.6% compared to ¥198.92 million in Q3 2019[21] - Net profit for Q3 2020 was ¥1.27 million, down 51.5% from ¥2.61 million in Q3 2019[21] - The company reported a total profit of ¥3.03 million for Q3 2020, a decrease of 55.8% from ¥6.84 million in Q3 2019[21] - The total comprehensive income for Q3 2020 was ¥2.80 million, down 61.2% from ¥7.23 million in Q3 2019[21] - The company's total revenue for the first three quarters of 2020 was ¥587.81 million, a decrease of 8.2% from ¥640.31 million in the same period of 2019[21] - The net profit for the first three quarters of 2020 was ¥19,964,555.75, down from ¥24,030,421.81 in the same period of 2019, representing a decline of 16.5%[24] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 17,806,878.28, a significant improvement from a negative cash flow of CNY -9,239,686.71 in the same period last year[8] - The company reported a net cash flow from operating activities of ¥17,806,878.28 for the first three quarters of 2020, a significant improvement from a negative cash flow of ¥9,239,686.71 in the same period of 2019[27] - Cash inflow from investment activities totaled CNY 182,274,369.18, down 35.3% from CNY 281,635,835.21 in 2019[29] - The net cash flow from investment activities was -CNY 4,392,917.89, compared to a positive cash flow of CNY 42,369,210.93 in the same period last year[29] - The total cash and cash equivalents at the end of the period were CNY 74,624,522.13, compared to CNY 40,084,162.25 at the end of the same period last year[29] - The company experienced a net decrease in cash and cash equivalents of -CNY 17,053,736.37, contrasting with a net increase of CNY 9,226,720.01 in the same period last year[29] Assets and Liabilities - Total assets decreased by 3.32% compared to the end of the previous year, amounting to CNY 1,006,031,193.48[8] - The company's total liabilities decreased from ¥520,469,182.88 to ¥487,349,984.85, reflecting a reduction in short-term borrowings and accounts payable[17] - Current liabilities decreased to RMB 113,978,845.76 from RMB 129,188,829.18, reflecting a reduction of approximately 11.5%[19] - Total liabilities decreased from RMB 173,377,802.86 to RMB 157,963,384.01, indicating a decline of about 8.8%[19] - Owner's equity increased to RMB 491,282,407.46 from RMB 476,663,821.14, representing a growth of approximately 3.1%[19] - The company’s cash and cash equivalents decreased from ¥231,517,904.83 to ¥210,989,526.88, indicating a liquidity contraction[16] Shareholder Information - The total number of shareholders at the end of the reporting period was 28,118[9] - The largest shareholder, Shanghai Kaikai (Group) Co., Ltd., holds 26.51% of the shares[9] Operating Costs and Expenses - Total operating costs for Q3 2020 were ¥202.23 million, an increase of 7.1% from ¥188.74 million in Q3 2019[21] - The company incurred a credit impairment loss of ¥10.33 million in Q3 2020, compared to a gain of ¥7.70 million in Q3 2019[21] - The company’s management expenses increased to ¥7,065,988.50 in the first three quarters of 2020, up from ¥6,909,766.18 in the same period of 2019[24] - The financial expenses for Q3 2020 were reported at ¥10,410,886.57, a significant increase compared to a negative financial expense of -¥7,871,275.45 in Q3 2019[24] Investment and Other Income - Non-operating income and expenses totaled CNY 3,145,360.56 for the current period[7] - The company received government subsidies amounting to CNY 1,527,214.84 during the reporting period[7] - Investment income dropped by 63.59%, totaling ¥1,823,160.47, attributed to increased investment losses from joint ventures[11]