Koal(SH:603232)2019-10-25 16:00Financial Performance - Operating revenue for the first nine months was CNY 151,481,884.65, a decrease of 2.77% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 5,509,297.70, a decline of 149.02% compared to the same period last year[6] - Basic and diluted earnings per share were both -CNY 0.05, a decrease of 138.46% year-on-year[7] - Total revenue for Q3 2019 was CNY 41,567,645.82, a decrease of 19.1% compared to CNY 51,387,673.30 in Q3 2018[30] - Net profit for the first three quarters of 2019 was CNY 151,481,884.00, down 2.1% from CNY 155,795,145.00 in the same period of 2018[30] - The net profit for Q3 2019 was a loss of CNY 13,262,948.11, compared to a profit of CNY 1,739,211.63 in Q3 2018[31] - The total profit for Q3 2019 was a loss of CNY 12,537,455.27, contrasting with a profit of CNY 2,160,658.39 in Q3 2018[31] - The company's operating profit for Q3 2019 was CNY -13,639,629.56, compared to CNY -2,713,321.50 in Q3 2018[31] - The total comprehensive income for Q3 2019 was a loss of CNY 13,262,948.11, compared to a profit of CNY 1,739,211.63 in Q3 2018[32] Assets and Liabilities - Total assets decreased by 3.58% to CNY 698,876,198.03 compared to the end of the previous year[6] - Net assets attributable to shareholders decreased by 4.73% to CNY 592,357,727.73 compared to the end of the previous year[6] - Total assets as of Q3 2019 were CNY 537,819,859.15, a decrease from CNY 556,844,111.96 at the end of Q3 2018[29] - Total liabilities as of Q3 2019 were CNY 41,474,429.95, an increase from CNY 38,818,046.87 in Q3 2018[28] - Current assets decreased to CNY 265,748,226.87 from CNY 327,455,876.40 in the previous year[27] - Non-current assets increased to CNY 272,071,632.28 from CNY 229,388,235.56 in the previous year[27] - Shareholders' equity totaled CNY 496,345,429.20, down from CNY 518,026,065.09 in Q3 2018[29] Cash Flow - Net cash flow from operating activities was -CNY 29,000,373.66, an improvement from -CNY 72,839,407.29 in the previous year[6] - The total cash inflow from operating activities was 61,535,969.14, down from 68,516,425.13 in 2018, reflecting a decline of approximately 10.5%[38] - The cash flow from investment activities generated a net inflow of CNY 49,433,605.70 in the first nine months of 2019, compared to CNY 42,064,892.92 in the same period of 2018[36] - The net cash flow from operating activities for the first three quarters of 2019 was -683,900.82, an improvement from -45,828,607.63 in the same period of 2018[38] - The company reported a decrease in cash outflow for operating activities compared to the previous year, indicating improved operational efficiency[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,322[9] - The largest shareholder, Kong Linggang, holds 14.56% of the shares[9] - The company’s actual controllers, Kong Linggang and Lu Haitan, collectively control 34.43% of the shares[12] Receivables and Payables - Accounts receivable increased by 30.49% to CNY 6,918,616.50 compared to the previous year-end[13] - Prepayments decreased significantly by 78.56% to CNY 8,221,594.18 due to reduced procurement payments[13] - Other receivables rose by 79.09% to CNY 21,308,790.79, mainly due to increased various deposits[15] - Inventory increased by 42.89% to CNY 47,599,848.21, attributed to higher purchases and increased shipments[15] - Payables decreased by 30.44% to CNY 16,674,486.84, reflecting a reduction in unsettled payables[15] - Pre-receipts increased by 36.48% to CNY 79,816,390.86, driven by higher customer prepayments[15] - Tax payable decreased by 96.89% to CNY 336,775.10 due to tax payments made during the period[15] Expenses - Sales expenses increased by 43.01% to CNY 24,386,835.20, driven by business expansion-related costs[14] - Research and development expenses for Q3 2019 amounted to CNY 7,731,145.98, a decrease of 31.3% compared to CNY 11,234,152.60 in Q3 2018[30] - Research and development expenses for Q3 2019 were CNY 7,060,139.25, slightly up from CNY 6,105,841.23 in Q3 2018[33] Investment Activities - The investment income from joint ventures and associates in Q3 2019 was CNY 1,482,230.26, compared to CNY 172,058.81 in Q3 2018[33] - The investment cash inflow decreased from CNY 519,212,562.33 in 2018 to CNY 450,975,907.61 in 2019, reflecting a strategic shift in investment activities[36] - The financing cash flow showed a net outflow of CNY 23,324,000.00 in 2019, slightly improved from CNY 23,940,000.00 in the previous year[36]