SGC(SH:603269)2018-10-29 16:00Financial Performance - Operating revenue decreased by 3.64% to CNY 343,106,493.71 for the first nine months compared to the same period last year[6] - Net profit attributable to shareholders increased slightly by 0.24% to CNY 18,155,193.25 year-on-year[6] - Basic and diluted earnings per share both decreased by 13.04% to CNY 0.20[7] - Total operating revenue for Q3 2018 was ¥94,475,691.18, a decrease of 14.14% compared to ¥110,045,262.03 in Q3 2017[30] - Total operating costs for Q3 2018 were ¥86,796,379.88, down 18.49% from ¥106,483,010.35 in the same period last year[30] - Net profit for Q3 2018 reached ¥7,747,796.07, an increase of 7.73% from ¥3,736,137.76 in Q3 2017[31] - The net profit attributable to the parent company for the first nine months of 2018 was ¥18,155,193.25, slightly up from ¥18,111,842.69 in the same period last year[31] - Total revenue for the first nine months of 2018 was CNY 380,971,949.95, compared to CNY 372,164,175.81 in the previous year, showing a slight increase of about 2.2%[37] Cash Flow and Liquidity - Net cash flow from operating activities showed a significant decline of 271.98%, resulting in a negative cash flow of CNY -4,590,266.62[6] - Cash flow from operating activities for the first nine months of 2018 was negative at CNY -4,590,266.62, compared to a positive cash flow of CNY 2,669,136.80 in the same period last year[38] - Total cash inflow from operating activities was 272,142,010.08 RMB, down from 285,128,841.20 RMB year-over-year, reflecting a decrease of approximately 4.1%[39] - Cash outflow from operating activities totaled 282,818,611.97 RMB, slightly lower than 288,576,895.74 RMB in the previous year, resulting in a decrease of about 2.0%[39] - Cash and cash equivalents decreased to CNY 145,059,793.94 from CNY 153,688,635.74, a decline of approximately 5.29%[27] - The ending balance of cash and cash equivalents was 106,140,906.68 RMB, down from 176,287,414.67 RMB in the previous year, representing a decrease of approximately 39.6%[40] Assets and Liabilities - Total assets increased by 9.16% to CNY 1,355,163,763.07 compared to the end of the previous year[6] - Total liabilities reached CNY 712,997,970.57, up from CNY 605,624,950.20, an increase of around 17.67%[25] - Current liabilities rose to CNY 688,994,595.84, compared to CNY 580,343,525.07, marking an increase of about 18.76%[25] - Total liabilities decreased by 59.54% in tax payables, amounting to ¥6,073,765.38, compared to the previous year[13] - Shareholders' equity totaled CNY 642,165,792.50, compared to CNY 635,803,358.90, showing a slight increase of about 0.57%[25] Investments and Subsidiaries - The company plans to change the implementation plan of the marketing network construction project, with a total investment amount adjusted from CNY 27.4 million to CNY 27.85 million[15] - The company intends to increase its wholly-owned subsidiary Seagull Asia Pacific by USD 1.5 million (approximately CNY 9.76 million) and establish Seagull Indonesia with a total investment not exceeding USD 720,000 (approximately CNY 4.69 million)[16] - The company has completed the capital increase for its wholly-owned subsidiary, Jinou Water Treatment, with a total capital increase of CNY 80 million, of which CNY 14 million is added to the registered capital[18] - The company is in the process of establishing new subsidiaries in the United States and Indonesia, with respective investments of up to USD 300,000 (approximately CNY 1.95 million) and USD 720,000 (approximately CNY 4.69 million)[16] Research and Development - Research and development expenses increased by 40.47% to ¥12,141,357.71, driven by investments in fundraising projects[14] - Research and development expenses for Q3 2018 were ¥2,398,100.44, slightly up from ¥2,356,879.84 in Q3 2017[30] Shareholder Information - The total number of shareholders reached 11,405 by the end of the reporting period[10] - The largest shareholder, Jin Ao Da, holds 19.16% of the shares, totaling 17,525,000 shares[10] Other Income and Expenses - Non-recurring gains and losses included government subsidies amounting to CNY 3,465,673.45 for the year-to-date[8] - Other income grew by 91.72% to ¥4,743,153.45, mainly from increased government subsidies[14] - Investment income rose by 43.09% to ¥5,109,589.86, due to higher returns from financial products[14] - The company reported a significant rise in prepayments to CNY 26,262,512.28 from CNY 5,076,687.68, an increase of approximately 418.36%[27] - The company’s financial expenses decreased by 49.74% to ¥1,460,086.20, due to increased exchange gains[14]