XTC(SH:600549)2019-10-18 16:00Financial Performance - Operating revenue for the first three quarters was ¥12,723,816,157.92, a decrease of 10.01% year-on-year[5] - Net profit attributable to shareholders was ¥108,828,279.11, down 75.81% compared to the same period last year[5] - The company's tungsten and molybdenum business reported a total profit of ¥70,019,300, a decrease of 74.20% year-on-year[13] - The battery materials business achieved a profit of ¥25,982,200 in Q3, but this was still a 52.28% decrease year-on-year[13] - The rare earth business saw a profit of ¥62,396,600 in Q3, representing a significant increase of 530.65% year-on-year[13] - The real estate business reported a total profit of -¥28,527,800 in Q3, a decrease of 11.61% year-on-year[13] - Basic earnings per share were ¥0.0774, a decrease of 75.81% compared to the same period last year[6] - Net profit fell by 63.85% to CNY 252,036,994.09, primarily due to a decline in profitability from battery materials and tungsten products[16] - The company reported a significant increase in long-term equity investments to ¥6,304,408,012.80 from ¥6,391,428,476.29, a decrease of approximately 1.36%[24] Cash Flow and Liquidity - The net cash flow from operating activities for the first three quarters was -¥799,712,545.11, indicating a significant decline[5] - Cash flow from operating activities turned positive at CNY 1,023,872,140.62, a significant improvement from a negative cash flow in the previous year[16] - The cash inflow from sales of goods and services was CNY 8,937,896,901.50, down from CNY 10,131,135,338.53 in the same period last year, indicating a decline in sales revenue[38] - The cash outflow for purchasing goods and services was CNY 5,918,671,815.95, a decrease from CNY 9,014,432,445.04 in the previous year, suggesting improved cost management[39] - The net cash flow from financing activities was CNY 290,525,468.60, a decrease from CNY 2,068,639,998.96 in the previous year, reflecting a tighter financing environment[39] Assets and Liabilities - Total assets at the end of the reporting period reached ¥23,130,102,155.92, an increase of 2.78% compared to the end of the previous year[5] - Total liabilities amounted to ¥13,662,875,347.12, compared to ¥13,342,698,723.75, representing an increase of about 2.39%[22] - Long-term borrowings increased by 196.81% to CNY 558,000,000.00, indicating a strategy to enhance liquidity[15] - Other current liabilities skyrocketed by 458,838.63% to CNY 1,211,997,534.25 due to the issuance of ultra-short-term financing bonds[15] - Total current liabilities decreased to ¥10,879,250,623.36 from ¥10,968,653,277.20, reflecting a reduction of approximately 0.81%[22] Equity and Investments - Shareholders' equity totaled ¥9,467,226,808.80, up from ¥9,162,465,569.41, indicating a growth of approximately 3.32%[22] - Investment income surged by 217.77% to CNY 110,963,015.01, attributed to increased income from joint ventures in real estate projects[16] - The company plans to acquire a 32.36% stake in Jiangxi Jutong for CNY 922,369,000, although the transaction is pending due to litigation issues[17] Research and Development - Research and development expenses for Q3 2019 were ¥199.70 million, down from ¥248.81 million in Q3 2018, reflecting a decrease of 19.7%[28] - Research and development expenses for Q3 2019 were ¥27,265,615.66, an increase of 14.5% from ¥23,799,104.57 in Q3 2018[34] Tax and Financial Expenses - The company’s tax expenses for Q3 2019 were ¥42.13 million, down from ¥64.05 million in Q3 2018, indicating a decrease of 34.2%[29] - The company's financial expenses for Q3 2019 were ¥50,774,416.46, a decrease of 6.2% from ¥54,465,827.58 in Q3 2018[34]