金开新能(600821) - 2018 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months was CNY 121,672,464.60, a decrease of 17.94% year-on-year[7] - Net profit attributable to shareholders was a loss of CNY 109,885,663.82, an improvement of 14.84% compared to the same period last year[8] - Basic and diluted earnings per share improved by 16.13% to CNY -0.26 compared to the same period last year[8] - Operating revenue for the third quarter was CNY 31,742,070.38, down 5.0% from CNY 33,378,509.49 in the same period last year[30] - Year-to-date operating revenue reached CNY 121,672,464.60, a decrease of 18.0% compared to CNY 148,269,736.65 for the same period last year[30] - Total operating revenue for Q3 2018 was CNY 29,893,062.20, an increase from CNY 27,892,787.91 in Q3 2017, representing a growth of approximately 7.2%[35] - Total operating costs for Q3 2018 were CNY 62,584,480.99, compared to CNY 82,909,571.86 in Q3 2017, indicating a decrease of about 24.5%[31] - Net loss for Q3 2018 was CNY 32,739,449.91, which is an improvement from a net loss of CNY 49,191,220.95 in Q3 2017, reflecting a reduction of approximately 33.5%[32] - The net profit for the first nine months of 2018 was -98,613,075.95 RMB, a significant decline compared to -119,780,303.27 RMB in the same period of the previous year, indicating an improvement of approximately 17.5%[36] Assets and Liabilities - Total assets decreased by 7.57% to CNY 1,353,286,916.29 compared to the end of the previous year[7] - The company’s total liabilities decreased by 43.88% in accounts payable to ¥114,392,850.24 from ¥203,853,697.41[16] - Total liabilities decreased from CNY 950,535,173.62 to CNY 947,791,544.26, a slight decline of about 0.2%[24] - Current liabilities totaled CNY 648,599,025.39, slightly down from CNY 651,970,996.06, a decrease of about 0.5%[24] - Non-current liabilities totaled CNY 299,192,518.87, a marginal increase from CNY 298,564,177.56, an increase of approximately 0.2%[24] - The company’s retained earnings showed a decline of 60.54%, reaching -¥286,666,952.49 compared to -¥178,559,458.59 at the end of the previous year[16] Cash Flow - Net cash flow from operating activities increased by 120.59% to CNY 16,511,401.54 compared to the same period last year[7] - Operating cash flow for the first nine months of 2018 was 16,511,401.54 RMB, a recovery from a negative cash flow of -80,199,715.52 RMB in the same period last year[39] - Cash and cash equivalents decreased significantly from CNY 72,117,411.53 to CNY 13,835,985.35, a decline of about 80.8%[26] - The cash and cash equivalents at the end of the reporting period were 15,639,994.13 RMB, a decrease from 63,911,204.50 RMB at the end of the previous year[40] - The net increase in cash and cash equivalents was -$58,281,426.18, leading to an ending balance of $13,835,985.35[42] - The beginning balance of cash and cash equivalents was $72,117,411.53, indicating a significant decrease in liquidity[42] Shareholder Information - The total number of shareholders at the end of the reporting period was 36,373[13] - The largest shareholder, Tianjin Jincheng State-owned Capital Investment Operation Co., Ltd., holds 13.19% of the shares[13] Government Support and Other Income - The company received government subsidies amounting to CNY 167,714.07 during the reporting period[10] - The company reported other income of CNY 106,540.00 in Q3 2018, compared to CNY 5,140.00 in Q3 2017, indicating a significant increase[32] Investment Activities - The company reported an investment loss of ¥20,179,378.84, a 53.81% increase compared to the previous period[16] - Investment activities generated a net cash outflow of -143,580.12 RMB, an improvement from -1,473,758.51 RMB in the previous year[39] - Investment activities cash outflow totaled $1,221,295.12, with a net cash flow from investment activities of -$164,315.12[42] Financial Management - The company incurred financial expenses of 31,313,422.18 RMB in the first nine months, which is a decrease from 36,630,468.12 RMB in the previous year[36] - The company has not fulfilled its commitment to increase shareholding as per the announcement made on February 24, 2018[17] - The overall financial position indicates challenges in cash management and liquidity, necessitating strategic adjustments[42]