昇兴股份(002752) - 2018 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 564,239,625.91, reflecting a year-on-year growth of 2.62%[7] - Net profit attributable to shareholders increased by 155.71% to CNY 3,524,366.79 for the reporting period[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -4,352,911.16, a decrease of 7.30% compared to the same period last year[7] - Basic earnings per share rose by 147.06% to CNY 0.0042 for the reporting period[7] - The estimated net profit attributable to shareholders for 2018 is expected to range from 46.26 million to 92.52 million CNY, reflecting a decrease of 50% to 0% compared to 2017's net profit of 92.52 million CNY[25] - Net profit for Q3 2018 was CNY 3,233,640.57, slightly up from CNY 3,193,947.96 in the previous year, indicating a growth of 1.2%[42] - Net profit for the period was CNY 5,133,660.30, compared to CNY 5,891,326.91 in the same period last year, reflecting a decrease of approximately 12.9%[46][47] - The total comprehensive income for the period was CNY 5,133,660.30, compared to CNY 5,891,326.91 in the previous year[47] - The total comprehensive income for the third quarter was -3,947,292.24 CNY, reflecting the same loss as the net profit[54] Assets and Liabilities - Total assets increased by 4.08% to CNY 3,386,138,188.46 compared to the end of the previous year[7] - Cash and cash equivalents decreased by 44.11% to ¥111,524,179.82 due to payments to suppliers[16] - Other receivables increased by 293.05% to ¥18,551,796.50 primarily due to land deposit payments[16] - Construction in progress rose by 123.57% to ¥145,783,757.89 due to new production lines[16] - Short-term borrowings increased by 60.34% to ¥768,100,000.00 to cover increased payments[16] - Total liabilities rose from 1.39 billion CNY to 1.52 billion CNY, indicating an increase in financial obligations[35] - The company's equity attributable to shareholders decreased slightly from 1.79 billion CNY to 1.79 billion CNY[35] - The company's total assets increased to CNY 2,636,628,982.46 from CNY 2,425,243,528.64, representing an increase of 8.7% year-over-year[39] - Total liabilities rose to CNY 1,419,999,294.97, compared to CNY 1,163,007,522.96, marking a significant increase of 22.1%[39] - The company's equity decreased to CNY 1,216,629,687.49 from CNY 1,262,236,005.68, reflecting a decline of 3.6%[39] Cash Flow - The net cash flow from operating activities was CNY -147,189,422.09, a decline of 230.85% year-on-year[7] - Net cash flow from operating activities dropped by 146.16% to -¥102,970,590.61 due to decreased cash receipts from sales[18] - Cash received from borrowings increased by 219.83% to ¥886,600,000.00 due to higher bank loans[19] - The company reported a 68.88% increase in net cash flow from financing activities to ¥304,970,993.66 due to increased bank borrowings[19] - The company's cash and cash equivalents decreased from 199.53 million CNY at the beginning of the period to 111.52 million CNY at the end of the period[33] - The company raised 886,650,000.00 CNY through financing activities, compared to 402,363,016.43 CNY in the same period last year, indicating increased borrowing[57] - The net cash flow from financing activities was 304,970,993.66 CNY, an increase from 180,581,339.61 CNY year-over-year[57] - The company reported a total cash outflow from investing activities of 244,345,563.11 CNY, compared to 342,484,683.47 CNY in the previous year, showing reduced investment spending[56] Shareholder Information - The total number of shareholders at the end of the reporting period was 26,865[11] - The largest shareholder, Xengxing Holdings Limited, holds 78.66% of the shares, totaling 655,398,603 shares[12] Research and Development - Research and development expenses decreased by 53.70% to ¥7,007,210.63 due to reduced project investments[17] - Research and development expenses for Q3 2018 were CNY 3,082,459.92, down from CNY 4,736,096.65, a decrease of 34.9%[41] - The company reported a decrease in research and development expenses to CNY 7,007,210.63 from CNY 15,133,481.14 year-on-year[48] Operational Efficiency - The company's cash flow from operating activities was negative, indicating potential liquidity issues that may affect future operations[55] - Operating cash flow for the third quarter was -102,970,590.61 CNY, down from 223,063,937.41 CNY in the previous year, indicating a decline in operational efficiency[55] - Total revenue from sales of goods and services received was 1,715,118,737.79 CNY, a decrease from 1,868,502,145.38 CNY year-over-year[55] - The company incurred a total operating expense of 1,847,581,633.83 CNY, compared to 1,668,184,594.94 CNY in the previous year, reflecting increased costs[55] Other Income - The company reported a government subsidy of CNY 20,458,426.81 included in the non-recurring gains and losses[8] - Other income for Q3 2018 was CNY 12,929,447.33, up from CNY 7,712,371.13, indicating a growth of 67.5%[42] - Other income for the period was CNY 20,458,426.81, down from CNY 22,970,885.62 in the previous period[48] Performance Fluctuations - The primary reasons for the performance fluctuation include rising raw material prices, increased startup costs for new projects, and higher financing costs[25] Miscellaneous - The company successfully acquired land use rights for a new subsidiary in Yunnan Province[20] - The company participated in establishing an industrial merger fund with ¥100 million for acquisitions[21] - The third quarter report of the company is unaudited[62]