隆盛科技(300680) - 2017 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥25,812,397.37, down 40.67% compared to the same period last year[7] - Net profit attributable to shareholders of the listed company was -¥645,327.78, a decrease of 110.23% year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥782,733.76, down 113.31% compared to the same period last year[7] - Basic earnings per share were -¥0.01, a decline of 108.33% year-on-year[7] - Operating profit declined by 40.08% to ¥12,202,689.32, attributed to delays in the application of domestic emission components during the national standard transition[17] - Total operating revenue for Q3 2017 was CNY 25,812,397.37, a decrease of 40.7% compared to CNY 43,508,227.10 in the same period last year[29] - Net profit for Q3 2017 was CNY -645,327.78, compared to a net profit of CNY 6,305,245.28 in Q3 2016, indicating a significant decline[30] - Total profit amounted to CNY 16,183,949.95, a decline of 35.5% compared to CNY 24,967,049.95 in Q3 2016[34] Assets and Liabilities - Total assets at the end of the reporting period reached ¥462,139,256.77, an increase of 30.10% compared to the previous year[7] - Total liabilities decreased to CNY 127,423,881.26 from CNY 154,130,703.67, a reduction of 17.3% compared to the previous year[27] - The company reported cash and cash equivalents at the end of the period totaling CNY 195,023,004.68, an increase from CNY 83,920,237.23 at the end of Q3 2016[40] Shareholder Equity - Net assets attributable to shareholders of the listed company were ¥334,715,375.51, reflecting a significant increase of 66.46% year-on-year[7] - Total equity increased by 66.46% to ¥334,715,375.51, driven by new share issuance and retained earnings[15] - The equity attributable to shareholders of the parent company rose to CNY 334,715,375.51 from CNY 201,081,866.84, marking an increase of 66.4%[28] Cash Flow - The company reported a net cash flow from operating activities of -¥9,714,945.55, a decline of 284.76% year-on-year[7] - Cash received from tax refunds fell by 31% to ¥2,291,926.03, linked to reduced revenue related to tax refunds[17] - Cash paid for operating activities increased by 89% to ¥22,468,146.27 due to the maturity of acceptance bill guarantees[17] - Cash flow from operating activities showed a net outflow of CNY 9,714,945.55, contrasting with a net inflow of CNY 5,258,283.60 in the previous year[38] Other Income and Expenses - Government subsidies recognized in the current period amounted to ¥3,804,956.19[8] - Other income reached ¥2,170,348.73, a 100% increase due to a change in accounting policy[17] - Tax expenses decreased by 30.95% to ¥2,604,157.98, driven by a decline in total profit[17] - Total operating expenses were CNY 25,600,000.00, with significant contributions from sales and management expenses[34] Share Issuance and Market Activity - The company issued 17 million shares in its initial public offering on July 25, 2017, listed on the Shenzhen Stock Exchange[18] - The company raised CNY 126,610,000.00 from investment activities during the quarter, compared to CNY 0.00 in the same period last year[39] Future Outlook - The company is expected to continue facing challenges in revenue generation and profitability in the upcoming quarters, as indicated by the significant drop in both operating revenue and net profit[30]