江苏舜天(600287) - 2018 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders increased by 4.15% to CNY 73,494,169.90 for the first nine months[8] - Operating revenue for the first nine months was CNY 3,929,244,296.70, a slight increase of 0.33% year-on-year[8] - The company reported a total comprehensive income of CNY -175,187,288.99 for the third quarter, a significant decrease from CNY 79,082,083.21 in the previous year[28] - Net profit for the third quarter was CNY 32,570,688.54, down 21.0% from CNY 41,277,433.51 in the previous year[28] - Net profit for the first nine months of 2018 reached CNY 86,492,547.54, an increase of 13.2% from CNY 76,474,769.86 in the same period last year[29] - The company's total operating costs for the first three quarters were CNY 3,824,953,176.80, compared to CNY 3,873,915,811.24 in the same period last year, reflecting a decrease of 1.3%[28] - The gross profit margin for the first three quarters was approximately 1.3%, down from the previous year's margin[28] - Earnings per share (EPS) for the third quarter was CNY 0.0469, compared to CNY 0.0715 in the same quarter last year, representing a decline of 34.0%[28] - Investment income for the third quarter was CNY 10,543,414.13, down 70.0% from CNY 35,208,961.75 in the same period last year[28] - Investment income for the first nine months of 2018 was CNY 35,740,308.53, a decrease of 38.8% from CNY 58,450,864.77 in the same period last year[29] Cash Flow - The net cash flow from operating activities improved significantly to CNY 45,247,794.90, compared to a negative CNY 123,295,320.80 in the same period last year[8] - Cash flow from financing activities decreased by 57.37 million yuan compared to the same period last year due to reduced financing needs[18] - The company reported a net cash flow from operating activities of CNY 45,247,794.90, a significant improvement from a negative cash flow of CNY -123,295,320.80 in the previous year[31] - Cash inflow from investment activities totaled $44,499,775.68, down 29.52% from $63,244,206.82 year-on-year[33] - Net cash flow from investment activities was $44,184,336.20, a decrease of 27.47% compared to $61,053,567.08 in the previous year[33] - Cash inflow from financing activities was $105,061,131.65, a decline of 23.66% from $137,711,550.00 in the same period last year[33] - Net cash flow from financing activities was negative at -$64,666,169.42, an improvement from -$89,168,657.58 in the previous year[33] Assets and Liabilities - Total assets decreased by 18.58% to CNY 3,202,033,493.85 compared to the end of the previous year[8] - The company reported a significant reduction in accounts receivable by 51.13% to CNY 85,316,269.53 compared to the beginning of the year[17] - Total liabilities decreased from CNY 1,329,548,857.08 to CNY 680,114,839.53, reflecting a decrease of approximately 49%[27] - The company's cash and cash equivalents dropped from CNY 242,143,371.16 to CNY 155,082,106.11, a decline of around 36%[26] - Current assets decreased significantly from CNY 1,335,564,536.96 to CNY 718,634,447.57, a reduction of about 46%[26] - The total amount of accounts payable decreased from CNY 527,831,087.34 to CNY 180,854,996.93, a reduction of approximately 66%[27] - The largest shareholder, Jiangsu Sainty International Group Co., Ltd., holds 49.97% of the shares[13] Investments and Equity - Long-term equity investments increased by 56.06% compared to the beginning of the year due to the planned sale of a 30% stake in Jiangsu Shuntian Shengtai Industrial Co., Ltd.[18] - Total equity increased from CNY 1,609,067,110.24 to CNY 1,702,802,386.62, an increase of about 6%[27] - Non-recurring gains and losses totaled CNY 1,043,606.14 for the reporting period[10] - The company’s total assets impairment loss for the first nine months was CNY -30,575,186.79, a notable change from CNY 1,647,211.11 in the same period last year[29] Expenses - Financial expenses decreased by 24.62 million yuan compared to the same period last year, mainly due to exchange gains from foreign currency deposits[18] - The company incurred a total operating cost of CNY 388,936,601.83 in Q3 2018, down 8.5% from CNY 425,111,766.01 in Q3 2017[29] - Tax expenses for the third quarter increased to CNY 8,861,251.94, up from CNY 4,660,238.18 in the same quarter last year[28] - The company reported a decrease in sales expenses to CNY 35,878,966.70 for the first nine months of 2018, down from CNY 37,883,499.22 in the same period last year[29] - The company’s financial expenses showed a significant improvement, with a net financial income of CNY -3,703,700.75 compared to CNY 7,249,009.25 in the previous year[29]