JZNEE(SH:603507)2018-10-26 16:00Financial Performance - Operating revenue decreased by 12.66% to CNY 670,371,968.28 for the year-to-date period compared to the same period last year[6]. - Net profit attributable to shareholders decreased by 41.87% to CNY 61,252,529.71 year-to-date compared to the same period last year[6]. - The company reported a significant drop in net profit after deducting non-recurring gains and losses, down 57.87% to CNY 41,378,799.67[6]. - Basic and diluted earnings per share decreased by 56.53% to CNY 0.486[7]. - The weighted average return on equity decreased by 13.96 percentage points to 4.33%[7]. - The company reported a net profit margin decrease, with net profit for the first nine months of 2018 at CNY 310,938,406.37, compared to CNY 284,027,145.94 in the same period last year[26]. - Net profit for Q3 2018 reached ¥22.99 million, compared to ¥36.24 million in Q3 2017, indicating a decrease of approximately 36.4%[30]. - The company reported a total profit of ¥26.96 million for Q3 2018, down from ¥42.56 million in Q3 2017, a decline of about 36.7%[30]. - Net profit for the first nine months of 2018 was approximately ¥24.4 million, compared to ¥32.1 million in the previous year, indicating a decrease of around 23.5%[33]. Cash Flow - Net cash flow from operating activities showed a significant decline of 898.09%, resulting in a negative CNY 199,819,416.69 for the year-to-date period[6]. - Cash flow from operating activities showed a significant decline of 898.09%, resulting in a net outflow of RMB 199,819,416.69 compared to a net inflow of RMB 25,037,120.42[16]. - Cash inflow from financing activities amounted to $770.79 million, with cash outflow totaling $409.34 million, leading to a net cash flow of $361.46 million[38]. - The net cash flow from operating activities was -$237.86 million, a significant decrease compared to $1.18 million in the previous quarter[38]. - Cash flow from financing activities increased by 165.40% to RMB 318,039,110.27 from RMB 119,828,245.18 due to higher bank borrowings[16]. - Investment activities resulted in a net cash outflow of approximately -¥130.4 million for the first nine months of 2018, compared to -¥97.3 million in the same period last year[36]. Assets and Liabilities - Total assets increased by 19.92% to CNY 2,228,051,830.39 compared to the end of the previous year[6]. - Accounts receivable increased by 46.02% to RMB 386,490,860.76 from RMB 264,679,466.94 due to uncollected receivables[13]. - Inventory rose by 43.58% to RMB 332,888,515.14 from RMB 231,848,216.43 as a result of increased production capacity[13]. - Short-term borrowings surged by 152.83% to RMB 665,519,874.94 from RMB 263,227,014.42 due to increased bank loans[14]. - Current liabilities increased to CNY 772,604,691.90 from CNY 420,662,526.62 year-to-date[25]. - The company's total equity reached CNY 1,404,279,933.30, compared to CNY 1,376,840,572.87 at the beginning of the year[26]. - The total assets as of September 30, 2018, amounted to CNY 2,180,093,187.45, up from CNY 1,857,907,052.62 at the beginning of the year[26]. Expenses - Management expenses increased by 63.23% to RMB 22,068,513.25 from RMB 13,519,818.40 primarily due to rising employee wages and benefits[15]. - Financial expenses rose by 33.50% to RMB 24,866,134.16 from RMB 18,626,489.50 mainly due to increased interest on bank loans[15]. - The total operating expenses for the first nine months of 2018 were approximately ¥954.5 million, compared to ¥709.9 million in the previous year, reflecting an increase of about 34.4%[35]. Shareholder Information - The total number of shareholders reached 16,346 by the end of the reporting period[11]. - The largest shareholder, Hu Zhen, holds 29.11% of the shares, with 37,289,642 shares pledged[11]. Future Outlook - The company has not disclosed any new product developments or market expansion strategies in this report[6]. - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[34].