凤凰航运(000520) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue decreased by 14.28% to CNY 180,784,318.13 for the current period, and year-to-date revenue fell by 17.14% to CNY 503,012,729.23[7] - Net profit attributable to shareholders decreased by 63.26% to CNY 6,190,045.94 for the current period, with year-to-date net profit down by 63.26% to CNY 10,853,061.88[7] - Basic earnings per share decreased by 63.36% to CNY 0.0061 for the current period[7] - Operating income decreased by 83.21% to ¥706,438.78, down from ¥4,208,532.70, primarily due to the disposal of ship assets in the previous year[16] - Operating expenses decreased by 46.32% to ¥1,423,020.70, compared to ¥2,650,944.41 in the previous year, as there were no ship demolition subsidies this period[16] - Income tax expenses decreased by 49.20% to ¥2,641,657.90, down from ¥5,200,089.59, attributed to a significant decline in profits due to the pandemic[16] - Net profit for the quarter was ¥6,190,045.94, compared to ¥5,987,943.92 in the same period last year, indicating an increase of approximately 3.4%[46] - Total operating revenue for the current period is $503.01 million, down from $607.05 million in the previous period, representing a decrease of approximately 17.1%[53] - Net profit for the current period is $10.85 million, down from $29.54 million, indicating a decrease of around 63.3%[54] - Basic and diluted earnings per share decreased to $0.0107 from $0.0292, a decline of approximately 63.4%[56] Assets and Liabilities - Total assets increased by 2.11% to CNY 635,667,468.28 compared to the end of the previous year[7] - The company's current assets decreased to CNY 224,129,155.07 from CNY 264,419,625.59, reflecting a decline of approximately 15.2%[36] - The total liabilities increased slightly to CNY 214,693,762.82 from CNY 213,575,539.87, indicating a marginal rise of about 0.5%[38] - The company's cash and cash equivalents dropped to CNY 79,484,461.24 from CNY 126,605,385.90, representing a decrease of approximately 37.2%[36] - Accounts receivable increased by 97.29% to CNY 48,069,475.64 due to extended settlement periods caused by the COVID-19 pandemic[15] - The non-current assets totaled CNY 411,538,313.21, up from CNY 358,096,747.89, reflecting an increase of approximately 14.9%[37] - The company's total liabilities amounted to ¥69,847,585.59, down from ¥73,304,035.87, showing a decrease of about 4.2%[42] - The company's total assets were reported at ¥306,379,668.79, slightly down from ¥307,666,078.21, indicating a marginal decrease of about 0.4%[42] Cash Flow - Cash flow from operating activities decreased significantly by 99.36% to CNY 125,442.30 for the current period[7] - The net cash flow from operating activities was CNY 22,433,712.73, an increase of 25.7% compared to CNY 17,945,301.36 in the previous period[62] - Total cash inflow from operating activities was CNY 477,517,753.71, down 15.7% from CNY 566,793,738.69 in the previous period[62] - Cash outflow from operating activities totaled CNY 455,084,040.98, a decrease of 17.1% compared to CNY 548,848,437.33 in the previous period[62] - The net cash flow from investment activities was -CNY 70,490,983.32, worsening from -CNY 33,381,982.54 in the previous period[63] - Cash inflow from investment activities was CNY 9,730,922.00, significantly lower than CNY 45,281,609.97 in the previous period[63] - Cash outflow from investment activities increased to CNY 80,221,905.32 from CNY 78,663,592.51 in the previous period[63] - The net cash flow from financing activities was CNY 1,000,000.00, compared to -CNY 30,375,000.00 in the previous period, indicating a recovery[63] Shareholder and Corporate Governance - The company’s major shareholder, Nanye Group, has committed to continue increasing its shareholding over the next six months[20] - The company reported a commitment to maintain independent financial operations, ensuring no interference in financial activities from related parties[23] - The company guarantees that all related transactions will be conducted at fair market prices, adhering to legal and regulatory requirements[24] - The company has committed to avoid any direct or indirect competition with its subsidiaries, ensuring business independence[24] - The company plans to increase its shareholding by 1% within six months, building on its existing 15% stake in the company[25] Other Financial Information - The company received government subsidies amounting to CNY 685,939.83, which are closely related to its business operations[8] - Financial expenses increased by 245.93% to ¥179,073.16 due to exchange rate fluctuations[16] - Investment income was reported at ¥0, a decrease of 100% compared to ¥9,097,751.23 from the previous year due to the sale of equity in joint ventures[16] - The company reported a credit impairment loss of ¥1,944,093.45, compared to a loss of ¥130,602.60 in the previous period, indicating a significant increase in credit losses[45] - Other comprehensive income after tax was ¥250,273.47, compared to a loss of ¥75,306.01 in the same period last year, showing a recovery in comprehensive income[46] - The company reported a cash flow decrease of CNY 47,120,924.66, compared to a decrease of CNY 45,809,551.18 in the previous period[63] - The company has implemented new revenue and leasing standards affecting the financial statements starting from 2020[68]