TYPICAL(SH:600302)2018-10-30 16:00Financial Performance - Net profit attributable to shareholders was CNY -33,437,626.71, compared to CNY -829,085.44 in the same period last year, indicating a significant decline [6]. - Operating revenue for the period was CNY 520,313,148.91, down 1.31% year-on-year [6]. - The company achieved 62% of its annual revenue target by the end of the third quarter, indicating a risk of potential losses if the fourth quarter target is not met [13]. - Total operating revenue for Q3 2018 was CNY 140,488,577.76, a decrease of 6.3% compared to CNY 149,747,256.82 in Q3 2017 [23]. - Net profit for Q3 2018 was a loss of CNY 5,694,355.28, compared to a loss of CNY 1,033,781.28 in Q3 2017 [24]. - The company reported a total comprehensive loss of CNY 5,387,102.61 for Q3 2018, compared to a loss of CNY 846,835.93 in Q3 2017 [25]. - Year-to-date net profit amounted to a loss of CNY 38,505,671.23, worsening from a loss of CNY 15,522,981.89 in the previous year [27]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY -99,920,672.21, compared to CNY -64,944,772.19 in the previous year, reflecting a worsening cash flow situation [12]. - Cash and cash equivalents decreased from ¥301,108,567.17 at the beginning of the year to ¥197,322,445.05 by the end of the third quarter [16]. - Cash flow from operating activities for the first nine months was a net outflow of CNY 99,920,672.21, compared to a net outflow of CNY 64,944,772.19 in the same period last year [31]. - The ending balance of cash and cash equivalents was $90.50 million, slightly up from $87.08 million in the previous year [35]. - Total cash outflow for operating activities was $241.54 million, compared to $223.68 million in the previous year [34]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,626,438,575.74, a decrease of 2.04% compared to the end of the previous year [6]. - The company reported a significant decrease in cash and cash equivalents by 34.47% to CNY 197,322,445.05 due to reduced sales receipts and increased operating expenses [12]. - Total liabilities slightly decreased from ¥373,635,790.60 to ¥370,852,677.94, indicating a stable liability position [18]. - The company's retained earnings decreased from ¥286,119,170.23 to ¥252,681,543.52, suggesting a reduction in accumulated profits [19]. - Total assets decreased from ¥1,660,257,681.04 at the beginning of the year to ¥1,626,438,575.74 by the end of the third quarter [19]. Research and Development - Research and development expenses increased by 32.38% to CNY 21,358,866.72 due to higher project expenditures [11]. - Research and development expenses for Q3 2018 were CNY 9,188,914.76, an increase of 35.1% from CNY 6,808,164.51 in Q3 2017 [23]. - Research and development expenses for Q3 2018 were CNY 4,838,343.40, an increase of 42.2% from CNY 3,403,701.79 in Q3 2017 [26]. Shareholder Information - The number of shareholders at the end of the reporting period was 19,499 [10]. - Basic and diluted earnings per share for Q3 2018 were both CNY -0.0184, compared to CNY -0.0038 in Q3 2017 [25]. Other Financial Metrics - The weighted average return on net assets decreased by 2.73 percentage points to -2.80% [6]. - Other comprehensive income rose by 34.07% to CNY 561,950.47, primarily due to exchange rate fluctuations [12]. - The company reported a significant increase in asset impairment losses, totaling CNY 4,847,162.27 in Q3 2018, compared to a gain of CNY 6,469,441.91 in Q3 2017 [24].