WINNERWAY(SZ:000573)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders was -¥28,520.00, representing a decrease of 100.03% year-on-year[7]. - Operating income for the reporting period was ¥227,103,210.81, down 56.57% compared to the same period last year[7]. - The basic earnings per share for the reporting period was -¥0.000045, a decrease of 100.03% year-on-year[7]. - The company reported a year-to-date revenue of ¥530,038,412.27, down 28.83% compared to the same period last year[7]. - Net profit decreased by 107.93% to -10,402,430.69, driven by reduced real estate sales revenue and lower investment income from cooperative projects[18]. - Total operating revenue for Q3 2020 was ¥227,103,210.81, a decrease of 56.5% compared to ¥522,896,502.22 in the same period last year[61]. - Net profit for Q3 2020 was a loss of ¥273,527.57, compared to a profit of ¥86,768,999.96 in Q3 2019[63]. - The total comprehensive income for the quarter was -¥10,402,430.69, a significant drop from ¥131,234,456.89 in the previous year[72]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,000,711,684.16, an increase of 2.32% compared to the end of the previous year[7]. - Total liabilities increased by 33.18% to 571,000,000.00, reflecting higher long-term bank loans[16]. - The company's total assets increased to ¥2,015,444,288.58, up from ¥1,901,481,847.04 at the end of the previous period[59]. - The company's total liabilities were CNY 1,317,717,656.87, compared to CNY 1,202,346,624.09 at the end of 2019, marking an increase of around 9.6%[55]. - Long-term borrowings rose to CNY 571,000,000.00 from CNY 428,750,000.00, which is an increase of approximately 33.1%[55]. Cash Flow - The net cash flow from operating activities increased by 413.88% to ¥114,462,382.67[7]. - Cash flow from operating activities improved by 222.53%, reaching 82,658,546.71, attributed to reduced payments for engineering and raw materials[17]. - The cash outflow for investing activities was CNY 302.37 million, compared to CNY 74.86 million in the previous year, indicating increased investment activity[79]. - The company achieved a net increase in cash and cash equivalents of CNY 92.11 million during the quarter, compared to an increase of CNY 43.62 million in the same period last year[80]. Shareholder Information - The total number of shareholders at the end of the reporting period was 50,555[11]. - Guangdong Hongyuan Group Co., Ltd. held 19.95% of the shares, amounting to 127,359,707 shares, with 101,820,000 shares pledged[11]. Legal Matters - The company has initiated legal proceedings against Jin Ronghui and Yi Ying for breach of contract, seeking a penalty of RMB 3 million, which was upheld by the Supreme People's Court[20]. - The company has filed a lawsuit to terminate the asset integration cooperation agreement with Jin Ronghui and Yi Ying due to the inability to fulfill the contract's purpose[21]. - The company is pursuing a claim against Liu Xiangyang for RMB 2.9 million in transfer payments, with additional penalties and interest totaling RMB 276.15 million[26]. Investment Activities - Guangdong Hongyuan Investment Co., Ltd. acquired a 10% stake in Huizhou Wanxu Real Estate Co., Ltd. by investing RMB 2 million in a capital increase project[31]. - The company provided up to RMB 1 billion in shareholder loans for the Jiang'an Garden project and up to RMB 90 million for the Jiangwan Garden project[35]. - The company successfully completed the acquisition of land use rights for a project in Dongguan with a total area of 57,765.78 m² at a transaction amount of RMB 255.155 million[30]. Risk Management - The company has approved a hedging business to mitigate operational risks from price fluctuations, with a maximum margin of RMB 60 million allocated for futures trading[28]. - The company has established a risk management system for its commodity futures hedging business to mitigate operational risks and stabilize performance[43]. Accounting and Reporting - The company executed the new revenue recognition and leasing standards starting January 1, 2020, impacting the financial statements[89]. - The third-quarter report was not audited[96].