NEW JCM(SZ:300157)2020-10-29 16:00Financial Performance - Operating revenue for the reporting period was CNY 103,417,145.14, a decline of 30.44% compared to the same period last year[7]. - Net profit attributable to shareholders of the listed company was a loss of CNY 40,581,641.79, representing an 8.69% decrease year-on-year[7]. - The net cash flow from operating activities was CNY 3,592,046.12, down 64.25% year-on-year[7]. - For the first nine months of the year, operating income decreased by 46.34% compared to the same period last year, mainly due to the impact of the COVID-19 pandemic on business expansion[17]. - The company reported a net loss of CNY 1,136,601,357.20, compared to a loss of CNY 1,020,034,260.15 in the previous period[43]. - The net loss for the quarter was CNY 42,071,157.04, compared to a net loss of CNY 25,185,258.60 in the same period last year[51]. - The company reported a comprehensive loss of CNY 102,736,314.01 for the quarter, compared to a comprehensive income of CNY 905,241.46 in the previous period[52]. - The company reported a comprehensive loss of ¥168,299,796.97 for the quarter, compared to a loss of ¥4,304,571.38 in the previous year[60]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,528,491,668.28, a decrease of 1.48% compared to the end of the previous year[7]. - Total current assets decreased from CNY 1,913,497,356.39 to CNY 1,659,778,522.79, a decline of approximately 13.2%[40]. - Total non-current assets increased from CNY 2,683,060,321.04 to CNY 2,868,713,145.49, an increase of about 6.9%[41]. - Total liabilities increased from CNY 1,484,657,686.47 to CNY 1,602,350,992.42, reflecting an increase of approximately 7.9%[42]. - The company's total assets decreased from CNY 4,596,557,677.43 to CNY 4,528,491,668.28, a decline of about 1.5%[43]. - The company's equity attributable to shareholders decreased from CNY 2,513,802,456.77 to CNY 2,347,628,855.49, a decrease of approximately 6.6%[43]. - Total liabilities amounted to CNY 1,484,657,686.47, with total equity at CNY 3,111,899,990.96, resulting in total assets of CNY 4,596,557,677.43[76]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,044[11]. - The top shareholder, Li Liping, held 13.68% of the shares, totaling 97,400,280 shares[11]. Cash Flow - The company's cash flow from operating activities showed a significant decline, impacting liquidity and operational flexibility[40]. - Cash and cash equivalents decreased from CNY 392,024,247.83 to CNY 158,213,659.23, a reduction of approximately 59.7%[40]. - The company recorded cash inflow from operating activities totaling ¥899,251,665.32, an increase from ¥676,336,551.92 in the previous period[67]. - Cash flow from financing activities resulted in a net outflow of ¥214,894,483.63, compared to a net inflow of ¥281,613,793.93 in the previous period[71]. Research and Development - The company's research and development expenses decreased by 32.21% year-on-year, primarily due to a reduction in R&D projects as a result of the pandemic[17]. - Research and development expenses were ¥21,528,872.62, a decrease of 32.2% from ¥31,760,335.71 year-on-year[57]. - Research and development expenses increased to ¥1,348,856.74 from ¥1,121,085.28, reflecting a focus on innovation[62]. Financial Expenses - The company's financial expenses increased by 131.75% year-on-year, mainly due to a decrease in interest income[17]. - The company experienced a significant increase in financial expenses, rising to CNY 28,771,740.94 from CNY 5,493,623.59[50]. - Financial expenses increased to ¥55,858,827.95, compared to ¥24,103,340.71 in the same period last year[59]. - The company incurred financial expenses of ¥42,362,001.26, a significant increase from ¥5,027,998.81 in the previous period[62]. Other Financial Activities - Non-operating income included government subsidies amounting to CNY 2,859,011.04[8]. - The company plans to restructure receivables from Range Company by exchanging all receivables for oil field block assets, with a transaction value of $96.5 million, of which $2.5 million will be paid in cash and the remaining $94 million will offset debts owed to the company[24]. - The company approved a capital reduction of $13.5 million for Energy Prospecting Technology USA Inc., reducing its actual investment from $34.75 million to $21.25 million[25]. - The company is establishing the Hai Sheng Langfang Blue Sky Fund with a total initial scale of RMB 300 million, with the company committing to 50% of the fund[26]. - The company is also setting up the Fuhua Tongxin Industrial M&A Fund with an initial scale of RMB 1 billion[26]. - The company has initiated the cancellation of its subsidiary, Tibet Hengtai Aipu Investment Management Co., Ltd., and is transferring its equity in several companies to streamline its asset management[27]. - The company is currently in arbitration regarding a claim for equity repurchase and overdue payment losses, which is temporarily suspended as of October 14, 2020[29]. - The company has not reported any violations regarding external guarantees or non-operational fund occupation by controlling shareholders during the reporting period[33][34].