RZGF(SZ:002629)2018-10-28 16:00Financial Performance - Operating revenue for the reporting period was ¥863,284,304.61, a decrease of 13.73% year-on-year[8]. - Net profit attributable to shareholders was -¥14,074,759.26, a decline of 704.32% compared to the same period last year[8]. - Basic earnings per share were -¥0.03, a decrease of 400.00% compared to the previous year[8]. - The weighted average return on net assets was -2.11%, down from -3.19% in the previous year[8]. - The company expects a net profit loss for 2018 between -80 million and -50 million RMB, compared to a net profit of 1.8632 million RMB in 2017[24]. - The decline in performance is primarily due to the continued shrinkage of the oil service business, resulting in reduced workload and profit contribution[24]. Cash Flow and Assets - The net cash flow from operating activities was -¥9,664,041.49, an increase of 46.73% year-on-year[8]. - Cash and cash equivalents decreased by 71.91% compared to the beginning of the period, mainly due to increased prepayments and deposits related to bulk commodity trading[16]. - Operating cash flow net increased by 86.97% compared to the same period last year, mainly due to increased cash receipts from sales[16]. Shareholder Information - The total number of shareholders at the end of the reporting period was 33,053[12]. - The largest shareholder, Tibet Hanlai Electronic Technology Partnership, held 19.76% of the shares, totaling 81,387,013 shares[12]. - The company reported no significant changes in its shareholder structure or any repurchase agreements during the reporting period[13]. Balance Sheet Changes - Accounts receivable decreased by 44.99% compared to the beginning of the period, attributed to improved collection efforts and timely payments received[16]. - Prepayments increased by 85.39% compared to the beginning of the period, primarily due to increased prepayments for bulk commodity trading[16]. - Inventory increased by 35.39% compared to the beginning of the period, mainly due to an increase in inventory of new materials[16]. - Accounts payable increased by 395.59% compared to the beginning of the period, primarily due to an increase in commercial acceptance bills issued without approval[16]. Income and Expenses - Non-operating income and expenses totaled -¥84,982.66 for the year-to-date[9]. - Other income increased by 148.89% compared to the same period last year, primarily due to increased government subsidies received[16]. - Asset disposal income increased by 362.92% compared to the same period last year, mainly due to increased income from the disposal of idle assets[16]. - Research and development expenses decreased by 59.08% compared to the same period last year, due to reduced investment in oil service business R&D projects[16]. - Financial expenses increased by 233.04% compared to the same period last year, mainly due to increased interest expenses from short-term borrowings[16]. Future Plans and Strategies - The company plans to dispose of some idle or expired assets to improve management efficiency and asset utilization, which is expected to impact profits[24]. - Ongoing reforms and optimization of business structure, including personnel layoffs, are anticipated to affect operational performance due to associated costs[24].