GZBL(SZ:002424)2020-10-27 16:00Financial Performance - Operating revenue for the period was ¥735,364,619.49, down 2.27% year-on-year, with a year-to-date revenue decline of 4.29%[9] - Net profit attributable to shareholders dropped by 40.76% to ¥52,432,439.28, with a year-to-date decline of 46.67%[9] - Net profit after deducting non-recurring gains and losses was ¥50,159,715.53, a decrease of 42.93% compared to the same period last year[9] - Basic and diluted earnings per share were both ¥0.04, down 33.33% from ¥0.12[9] - The weighted average return on net assets was 1.33%, a decrease of 0.85% compared to the previous year[9] - The company reported a net profit of 52,842.1 thousand yuan for the reporting period, with no outstanding debts by the end of the period[43] - The net profit for the current period is CNY 166,321,739.92, down from CNY 306,196,987.30 in the previous period, representing a decline of approximately 45.5%[90] - The total comprehensive income for the current period is CNY 21,451,714.33, down from CNY 50,838,923.02 in the previous period[86] Assets and Liabilities - Total assets at the end of the reporting period reached ¥7,107,812,049.69, an increase of 0.69% compared to the previous year[9] - Net assets attributable to shareholders decreased by 3.68% to ¥3,911,112,859.93[9] - Current liabilities rose to CNY 2.82 billion from CNY 2.67 billion, an increase of 5.5%[57] - Total liabilities increased to CNY 3.11 billion from CNY 2.91 billion, reflecting a growth of 7.5%[57] - The company's equity attributable to shareholders decreased to CNY 3.91 billion from CNY 4.06 billion, a decline of 4.0%[60] - The company's total assets decreased to CNY 6,223,549,593.82 from CNY 6,401,783,623.37[67] Cash Flow - The net cash flow from operating activities was negative at -¥10,713,358.97, but improved by 96.48% compared to the previous year[9] - Net cash flow from operating activities increased by 150.30% to CNY 68,921,209.04, driven by increased sales collections[28] - The cash inflow from operating activities totaled CNY 2,946,211,948.16, an increase from CNY 2,162,734,414.27 in the previous period[104] - Operating cash flow for the period was 68,757,795.52, compared to a negative cash flow of -144,593,830.97 in the previous period[111] Expenses - Research and development expenses decreased by 36.01% to CNY 11,868,481.80 compared to the same period last year[28] - Research and development expenses for the current period were CNY 3,213,616.60, down from CNY 7,224,332.01[72] - Sales expenses increased to CNY 769,576,801.37, up from CNY 628,192,423.73, reflecting a rise of approximately 22.5%[87] - The financial expenses for the current period are CNY 40,515,332.92, up from CNY 34,475,361.14 in the previous period[98] Shareholder Information - The top shareholder, Jiang Wei, holds 45.96% of the shares, totaling 648,602,158 shares[14] - The controlling shareholder has ensured that there will be no non-operational fund occupation affecting the company[43] Government Subsidies and Other Income - The company reported non-operating income from government subsidies amounting to ¥16,601,181.59 during the reporting period[9] - Other income increased by 279.14% to CNY 16,601,181.59, primarily due to an increase in government subsidies related to income[28] - The company reported a 131.85% increase in deferred income to CNY 31,282,217.47, due to an increase in government subsidies related to assets[26] Operational Stability - The company has maintained a commitment to independent operations without competitive threats from related parties[34] - The company has not reported any significant changes in operating performance compared to the previous year[39] - The company has conducted investor communications, discussing operational conditions and investment projects[44]