Goke(SZ:300672)2018-10-29 16:00Financial Performance - Operating revenue for the reporting period was CNY 76,506,273.41, an increase of 30.90% year-on-year [8]. - Net profit attributable to shareholders was CNY 8,865,365.09, a decrease of 70.53% compared to the same period last year [8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 8,720,867.37, an increase of 145.99% year-on-year [8]. - Basic earnings per share were CNY 0.08, down 72.41% from the same period last year [8]. - The weighted average return on net assets was 0.92%, a decrease of 73.56% year-on-year [8]. - Net profit for Q3 2018 was CNY 9,001,063.36, down 67.9% from CNY 28,078,732.79 in Q3 2017 [41]. - The net profit for the current period was a loss of CNY 52,086,336.18, compared to a profit of CNY 508,040.96 in the previous period [50]. - Basic and diluted earnings per share were both CNY -0.43, down from CNY 0.05 in the previous period [51]. - Comprehensive income totalled CNY -56,285,954.84, compared to CNY 519,557.89 in the previous period [51]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,020,944,530.86, a decrease of 6.02% compared to the end of the previous year [8]. - The company's total assets amounted to CNY 1,045,514,372.93, a decrease from CNY 1,058,920,848.59 at the end of the previous quarter [38]. - Total liabilities increased to CNY 112,565,477.68 from CNY 77,031,417.27, indicating a rise of 46.1% [38]. - The company's equity decreased to CNY 932,948,895.25 from CNY 981,889,431.32, reflecting a decline of 5.0% [38]. - The company's equity attributable to shareholders decreased to approximately 907 million RMB from 968 million RMB, a decrease of about 6.3% [34]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -339,959,305.37, a decrease of 86.33% [8]. - Operating cash inflow for the current period was ¥104,834,818.18, down 30.9% from ¥151,826,770.60 in the previous period [56]. - Net cash flow from operating activities was -¥339,959,305.37, compared to -¥182,448,915.56 in the previous period, indicating a worsening performance [58]. - Cash inflow from financing activities was ¥88,500,000.00, down 62.7% from ¥236,941,096.16 in the previous period [59]. - The cash inflow from sales of goods and services was ¥91,498,481.22, down 20.7% from ¥115,388,811.53 in the previous period [56]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,824 [12]. - The largest shareholder, Hunan Guoke Holdings Co., Ltd., held 21.91% of the shares, amounting to 24,492,300 shares [12]. - The company plans to reduce shareholding by up to 3.3 million shares, representing 2.95% of total shares, within six months from August 6, 2018 [23]. Expenses - Sales expenses decreased by 36.03% to ¥12,279,484.64, resulting from reduced promotional activities [20]. - Management expenses increased by 80.22% to ¥37,334,845.96, mainly due to higher salaries and depreciation [20]. - Research and development expenses for the quarter were CNY 32,096,904.69, slightly down from CNY 34,984,505.54 year-over-year [41]. - Research and development expenses increased to CNY 98,299,904.57 from CNY 97,283,072.68 [49]. Investments - Long-term equity investments rose by 255.03% to ¥68,708,820.97 due to new external investments made during the reporting period [20]. - The company reported a significant drop in investment income, with a loss of CNY 1,945,260.46 compared to a gain of CNY 47,307,249.08 in the previous year [41]. - Investment losses amounted to CNY -3,184,286.81, a significant decrease from investment income of CNY 45,269,779.06 in the previous period [49]. Government Support - The company received government subsidies totaling CNY 144,497.72 during the reporting period [9]. Other Information - There were no violations regarding external guarantees or non-operating fund occupation by major shareholders during the reporting period [24][26][27]. - The company has not executed any cash dividend policy during the reporting period [25].