JSHX(600307)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders was CNY 358.30 million, a decrease of 71.40% year-on-year[17]. - Operating revenue for the first nine months was CNY 26.58 billion, down 25.93% from the same period last year[17]. - The weighted average return on equity decreased by 8.21 percentage points to 2.99%[17]. - Basic and diluted earnings per share were both CNY 0.0572, down 71.40% year-on-year[17]. - Total revenue for Q3 2020 was approximately ¥10.76 billion, a decrease of 18% compared to ¥13.12 billion in Q3 2019[40]. - Operating profit for Q3 2020 was approximately ¥459.11 million, down from ¥504.69 million in Q3 2019, reflecting a decline of about 9%[43]. - Net profit for Q3 2020 was approximately ¥442.62 million, compared to ¥493.23 million in Q3 2019, representing a decrease of around 10%[43]. - The company reported a decrease in financial expenses, which fell to CNY 70,075,900.10 in Q3 2020 from CNY 219,840,781.03 in Q3 2019, a reduction of 68.2%[46]. - The company reported a net loss of ¥2,577,870,294.85 in retained earnings[61]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 41.32 billion, an increase of 4.37% compared to the end of the previous year[17]. - Current liabilities totaled CNY 27.26 billion, compared to CNY 26.39 billion at the end of 2019[31]. - Total assets increased to approximately ¥43.35 billion in Q3 2020, up from ¥41.72 billion in Q3 2019, marking a growth of about 3.9%[40]. - Total liabilities rose to approximately ¥26.71 billion in Q3 2020, compared to ¥25.55 billion in Q3 2019, indicating an increase of about 4.5%[40]. - Total liabilities amounted to ¥27,724,275,413.66, with non-current liabilities at ¥1,338,588,614.35[61]. - Total equity attributable to shareholders reached ¥11,808,752,785.11, while total equity was ¥11,862,774,999.17[61]. Cash Flow - The net cash flow from operating activities was CNY 2.08 billion, a decline of 27.23% compared to the previous year[17]. - Cash flow from operating activities for the first three quarters of 2020 was CNY 20,290,943,557.58, down from CNY 31,931,083,583.38 in the same period of 2019[48]. - The company reported a decrease in cash flow from operating activities, which may impact future investment and expansion strategies[52]. - The company’s cash and cash equivalents increased to approximately ¥12.14 billion, up from ¥10.53 billion year-over-year, reflecting a growth of about 15.3%[40]. - The cash and cash equivalents at the end of the period stood at CNY 2,683,274,849.33, compared to CNY 1,459,933,407.70 at the end of the same period last year, indicating a significant increase[55]. Shareholder Information - The total number of shareholders at the end of the reporting period was 237,126[22]. - The largest shareholder, Jiuquan Iron and Steel (Group) Co., Ltd., held 54.79% of the shares, with 3.43 billion shares pledged[22]. Government and Other Income - Government subsidies recognized in the current period amounted to CNY 1.52 million, while other non-operating income and expenses resulted in a net loss of CNY 14.43 million[20]. - Other income increased by 198.55% year-on-year, primarily due to an increase in government subsidies received[23]. - Investment income rose by 68.94% year-on-year, mainly due to dividends received from an associated financial company[23]. Receivables and Impairments - Accounts receivable and financing increased by 54.94% compared to the beginning of the year, primarily due to increased sales volume[23]. - Other receivables rose by 26.59% compared to the beginning of the year, mainly due to pending payments from the sale of a wholly-owned subsidiary[23]. - Credit impairment losses decreased by 32.25% year-on-year, as a subsidiary reversed previously recognized credit impairment losses[23]. Research and Development - Research and development expenses for Q3 2020 were approximately ¥119.16 million, an increase of 50% from ¥79.20 million in Q3 2019[43]. - Research and development expenses increased to CNY 114,590,535.14 in Q3 2020, up from CNY 76,499,261.89 in Q3 2019, marking a 50% rise[46]. Future Plans - The company has not disclosed any new product developments or market expansion strategies in this report[17]. - The company has plans for market expansion and new product development, although specific figures were not disclosed in the call[66].