Quanjude’s net profit fell by 484.4% in the first three quarters, and its stock price fell by more than 10% in recent 20 days

On the 26th, Quanjude released a report for the third quarter of 2020, which showed that the net profit attributable to the owners of the parent company in the first three quarters was – 202 million yuan, with a year-on-year decrease of 484.4%; the operating income was 516 million yuan, a year-on-year decrease of 56.71%; the basic earnings per share was -0.6555 yuan, a decrease of 484.46%. In addition, the company’s cash flow at the end of the period was less than 22.9 billion yuan / year-on-year, with a decrease of cash flow of less than 22.9 billion yuan / year-on-year, P < 0.05 billion yuan. Quan Jude said that during the reporting period, affected by the epidemic situation, cash received from sales of goods and services decreased significantly, and net cash flow from operating activities decreased. Quan Jude said that the new crown epidemic had a great impact on the company's operation. In the third quarter, the company vigorously promoted the resumption of work and production, and the business gradually recovered. The company's operating income in the third quarter increased by 53.4% compared with the previous quarter, and the overall loss was narrowed. Quan Jude also announced on the 26th that Deng Xiaofeng and Zhu HengYuan, the independent directors of the company, applied to resign from their posts as independent directors and relevant special committees of the board of directors due to their six-year term of office. After their resignation, Deng Xiaofeng and Zhu Hengyuan will no longer hold any positions in the company. In the secondary market, Quanjude 26 daily closed at 10.20 yuan / share, down 2.95% and 10.99% in recent 20 days, with a total market value of 3.1 billion yuan. < / P > < p > Disclaimer: the purpose of this article reprinted by china.com finance and economics is to convey more information and does not represent the views and positions of the website. The content of this paper is for reference only and does not constitute investment advice. Investors operate accordingly and bear their own risks. < p > < p > Chinanet is a national key news website under the leadership of the Information Office of the State Council and managed by China foreign language publishing and Distribution Bureau. Through 11 versions in 10 languages, the website releases information 24 hours a day, which is an important window for China to carry out international communication and information exchange.