TMMT(SZ:300334)2018-10-28 16:00Financial Performance - Operating revenue for the reporting period was CNY 124,819,662.89, down 28.52% year-on-year, while year-to-date revenue was CNY 467,708,111.89, a decrease of 12.63%[8]. - Net profit attributable to shareholders of the listed company was CNY 206,572.27, a significant decline of 99.06% year-on-year, but year-to-date net profit increased by 499.00% to CNY 5,158,102.98[8]. - The basic earnings per share for the reporting period was CNY 0.0007, down 99.13% year-on-year, while year-to-date earnings per share increased by 466.67% to CNY 0.017[8]. - The company reported a significant increase in revenue for Q3 2018, achieving a total of 1.5 billion RMB, representing a year-over-year growth of 25%[39]. - The company reported a net profit margin of 12% for Q3 2018, reflecting improved operational efficiency[33]. - The company reported a total comprehensive income of CNY 8,603,605.12 for the period, compared to CNY 2,748,383.31 in the previous period[64]. - The net profit for the third quarter was -30,761,824.61 CNY, compared to -4,655,075.65 CNY in the same period last year, indicating a significant decline in profitability[67]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,913,809,122.61, a decrease of 0.17% compared to the end of the previous year[8]. - The company's total liabilities decreased to CNY 1,163,358,933.42 from CNY 1,266,329,121.93, showing a decline of approximately 8.2%[48]. - The company's cash and cash equivalents decreased by 129.38 million yuan, down 33.90% year-on-year, mainly due to payments for project procurement and short-term loan repayments[20]. - The company's cash and cash equivalents decreased to CNY 252,321,055.25 from CNY 381,697,726.52, representing a decline of approximately 33.9%[46]. - Total current liabilities decreased to CNY 814,376,554.80 from CNY 1,017,789,578.37, a reduction of about 20%[48]. Shareholder Information - Net assets attributable to shareholders of the listed company increased by 3.67% to CNY 1,672,746,755.45[8]. - The total number of ordinary shareholders at the end of the reporting period was 25,511[12]. - The largest shareholder, Tianjin Membrane Engineering Technology Co., Ltd., held 21.06% of the shares[12]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -14,611,433.84, an improvement of 85.58%[8]. - Cash flow from financing activities increased by 17.25 million yuan, up 172.47% year-on-year, due to cash raised from the acquisition of Jin Qiao Water Science[24]. - The cash flow from operating activities showed a decrease in cash inflow, totaling 541,640,894.88 CNY, down from 652,242,433.17 CNY year-over-year[68]. Management and Governance - The company appointed new senior management, including Mr. Fan Ning as General Manager and Mr. Hao Kai as Vice General Manager and CFO[26]. - The company reported a significant improvement in its governance structure following the completion of the restructuring, enhancing its independence and aligning with the interests of all shareholders[30]. - The company has committed to avoiding any form of competition with its controlling shareholder and related entities, ensuring no conflicts of interest arise[31]. Strategic Initiatives - The company has been actively expanding its market presence through strategic partnerships and acquisitions[26]. - The company plans to provide a maximum loan guarantee of RMB 27.5 million to its subsidiary, Yichun Nuclear, for a total loan amount of RMB 50 million[27]. - The company is focused on sustainability, with plans to invest 100 million CNY in eco-friendly technologies over the next three years[32]. Research and Development - Research and development expenses for Q3 2018 were CNY 12,897,411.00, down 28.06% from CNY 17,950,310.99 in the previous year[53]. - New product development includes the launch of a next-generation membrane technology, projected to increase efficiency by 30%[35]. - The company has allocated $5 million for R&D in new technologies for the upcoming fiscal year[34].