厚普股份(300471) - 2018 Q3 - 季度财报

Financial Performance - Operating revenue for the current period was CNY 97,840,318.83, a decrease of 56.63% year-on-year[7] - Net profit attributable to shareholders was a loss of CNY 75,629,596.31, a decrease of 2,471.48% year-on-year[7] - Basic earnings per share were -CNY 0.2074, a decrease of 2,404.44% year-on-year[7] - The company anticipates a significant loss for the year due to reduced orders from the natural gas market and increased competition leading to lower product prices[25] - Net profit decreased by 345.61% to a loss of ¥154,517,124.69 from a profit of ¥62,910,840.87, attributed to decreased sales, increased expenses, and higher asset impairment losses[20] - Total operating revenue for the current period is ¥97,840,318.83, a decrease of 56.6% compared to ¥225,568,503.50 in the previous period[39] - The net profit for the third quarter was a loss of CNY 154,517,124.69, compared to a profit of CNY 62,910,840.87 in the previous year, indicating a significant decline[50] - The total comprehensive income for the current period is -¥75,973,296.13, compared to ¥2,106,277.82 in the previous period[42] - The total comprehensive income for the third quarter was a loss of CNY 155,098,370.16, compared to a profit of CNY 62,544,724.37 in the same period last year[50] Assets and Liabilities - Total assets decreased by 17.39% to CNY 2,367,500,970.75 compared to the end of the previous year[7] - Current assets decreased from CNY 1,723,264,080.44 to CNY 1,178,434,714.78, a reduction of about 31.7%[32] - Total liabilities decreased from CNY 1,144,126,136.77 to CNY 800,366,582.13, a decline of about 30.0%[34] - Cash and cash equivalents decreased significantly from CNY 519,227,931.89 to CNY 87,575,081.26, a decline of about 83.2%[32] - The company reported a decrease in retained earnings from CNY 556,769,995.25 to CNY 397,752,296.97, a decline of approximately 28.6%[34] - The company's accounts payable decreased by 50.19% to ¥308,694,944.39, primarily due to reduced payment settlements[19] - Current liabilities decreased from CNY 1,142,581,986.77 to CNY 797,828,932.13, a reduction of approximately 30.1%[34] Cash Flow - The net cash flow from operating activities was -CNY 285,235,237.27, an increase of 73.24% compared to the previous year[7] - The cash flow from operating activities showed a net outflow of CNY 285,235,237.27, worsening from a net outflow of CNY 164,643,590.53 in the previous year[54] - The net cash flow from financing activities was -37,291,199.63 CNY, compared to -51,110,424.96 CNY in the previous period, showing an improvement in financing cash flow[60] - The company reported a total cash outflow of 585,154,390.68 CNY from operating activities, which is higher than the previous period's outflow of 460,787,880.07 CNY, indicating increased operational expenses[59] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,921[11] - The largest shareholder, Jiang Tao, holds 33.55% of the shares, amounting to 122,350,850 shares[11] - The company completed the repurchase and cancellation of 5,894,000 shares of unvested restricted stock, reducing the total share capital from 370,614,000 to 364,720,000 shares[21] Research and Development - Research and development expenses increased by 83.57% to ¥29,746,548.14, reflecting the company's commitment to new product development[19] - Research and development expenses increased to CNY 15,122,226.90, up from CNY 6,386,061.92, reflecting a focus on innovation[52] Impairment and Other Losses - Total assets impairment loss for the current period is ¥23,161,835.04, a significant increase from ¥39,328.41 in the previous period[41] - The company incurred asset impairment losses of CNY 17,902,936.33, contrasting with a gain of CNY -18,832,787.63 in the previous year[52] Investments and Joint Ventures - The company established a joint venture with Shandong Keri Petroleum Equipment Co., Ltd. to expand its international sales market, with a registered capital of ¥10 million[22] - The company has ongoing investments in construction projects, with "in-progress construction" increasing from CNY 75,576,328.79 to CNY 115,764,009.26, an increase of about 53.1%[33]