YBTI(SH:600883)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders rose by 86.40% to CNY 13,519,388.36 year-on-year[6] - Basic earnings per share increased by 86.64% to CNY 0.0573[6] - The company reported a significant increase in net profit from recurring operations, which rose to CNY 6,302,438.90, up 3,137.29% year-on-year[6] - Net profit for the first nine months of 2020 rose by 86.40% to ¥13,519,388.36 from ¥7,253,059.40 in the previous year, driven by increased profits from joint ventures[18] - The net profit for Q3 2020 was CNY 5,798,611.64, compared to CNY 3,574,630.12 in Q3 2019, indicating an increase of about 62.1%[47] - The company reported a total profit of CNY 5,798,611.64 for Q3 2020, which is a significant increase from CNY 3,574,630.12 in Q3 2019, showing a growth of about 62.1%[47] Revenue and Sales - Operating revenue decreased by 35.85% to CNY 12,919,285.91 compared to the same period last year[6] - Revenue for the first nine months of 2020 was ¥12,919,285.91, a decrease of 35.85% compared to ¥20,137,684.01 in the same period of 2019, attributed to reduced cement sales volume[17] - Cash received from sales of goods and services decreased by 38.70% to ¥14,348,369.82, compared to ¥23,404,976.69 in the same period of 2019[18] - In Q3 2020, the company's operating income was CNY 2,659,630.66, a decrease from CNY 6,424,976.65 in Q3 2019, representing a decline of approximately 58.6%[49] Assets and Liabilities - Total assets increased by 2.59% to CNY 714,518,985.44 compared to the end of the previous year[6] - The company's total liabilities as of September 30, 2020, were CNY 35,041,781.82, slightly down from CNY 35,548,058.84 at the end of 2019[36] - The total equity attributable to shareholders increased to CNY 679,477,203.62 from CNY 660,953,404.95 at the end of 2019, reflecting a growth of approximately 2.36%[36] - The total balance of trading financial assets held by the company at the end of the reporting period was ¥239,298,972.87[21] - The company’s total assets as of Q3 2020 were CNY 19,581,824.95, compared to CNY 20,981,491.26 in Q3 2019, indicating a decrease of about 6.7%[49] Cash Flow - The net cash flow from operating activities was negative at CNY -14,833,183.26, worsening from CNY -5,633,025.25 in the previous year[6] - Cash flow from operating activities for the first three quarters of 2020 was negative CNY 14,833,183.26, worsening from negative CNY 5,633,025.25 in the same period of 2019[52] - The net cash flow from investment activities for the first three quarters of 2020 was negative CNY 25,425,167.14, compared to negative CNY 58,481,443.55 in the previous year[53] - The company’s cash inflow from investment activities included CNY 270,678,278.83 from recovering investments, a significant decrease from CNY 2,220,050,962.20 in the previous year[52] Shareholder Information - The total number of shareholders reached 14,134 by the end of the reporting period[12] - The largest shareholder, Shenzhen Derong Investment Development Co., Ltd., holds 17.15% of the shares[12] - The company paid cash dividends of ¥1,419,402.10, a decrease of 53.52% compared to the same period last year[20] Legal Matters - The company received a civil mediation document from the People's Court of Longyang District, Baoshan City, Yunnan Province on July 16, 2020, regarding a cement sales contract dispute, and both parties voluntarily reached a mediation agreement[27] - The company has initiated enforcement proceedings against Zhang Ziguo for failure to fulfill payment obligations as per the mediation agreement dated November 18, 2019[28] - The company has been actively involved in multiple litigation cases, including a cement sales contract dispute and enforcement actions against various defendants[27][28] Investment Activities - The company reported a significant increase in investment income, which rose by 55.13% to ¥23,487,442.82, compared to ¥15,140,527.77 in the same period last year[17] - The company achieved an investment income of ¥2,204,007.60 from its asset management plan during the reporting period[22] - The company authorized a total investment limit of ¥50,000,000.00 for securities investment activities[24]