Andawell(SZ:300719)2018-10-29 16:00Financial Performance - Operating revenue for the reporting period was approximately ¥67.57 million, down 28.90% year-on-year, while year-to-date revenue increased by 3.30% to approximately ¥222.43 million[7]. - The net profit attributable to shareholders was approximately -¥17.43 million, a decline of 209.69% year-on-year, with a year-to-date net profit of approximately -¥19.30 million, down 351.53%[7]. - Basic earnings per share were -¥0.0688, representing a decrease of 181.81% compared to the same period last year[7]. - The weighted average return on net assets was -1.98%, a decrease of 5.96% year-on-year[7]. - Net profit decreased by 351.53% to -¥19,303,281, mainly due to increased management expenses[17]. - Net profit for Q3 2018 was a loss of ¥17,433,730.58, compared to a profit of ¥15,894,142.27 in Q3 2017, marking a significant decline[36]. - Net profit for the current period was a loss of ¥19,303,281.06, compared to a profit of ¥7,674,261.82 in the previous period, indicating a substantial decline in profitability[44]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥998.98 million, a decrease of 10.27% compared to the previous year[7]. - The company's total assets increased by 51% to ¥253,380,000 due to capital reserve conversion into share capital[15]. - The company's equity attributable to shareholders decreased to CNY 872,964,698.57 from CNY 961,772,804.63, reflecting a decline of about 9.2%[29]. - Total liabilities decreased to ¥17,171,867.86, down 12.2% from ¥19,555,021.17 in the previous year[34]. - Total current liabilities decreased to CNY 122,651,755.67 from CNY 147,934,471.07, a decrease of approximately 17.0%[29]. Cash Flow - The company reported a net cash flow from operating activities of approximately -¥117.81 million for the year-to-date period[7]. - The company reported a total cash inflow of CNY 74,639,804.49 from operating activities for the parent company, compared to CNY 66,368,712.70 in the previous period[52]. - The total cash inflow from operating activities was CNY 288,843,693.80, an increase of 54% compared to CNY 187,333,040.86 in the previous period[49]. - The net cash outflow from operating activities was CNY -117,814,867.34, slightly improved from CNY -130,219,659.94 in the previous period[49]. - Cash inflow from investment activities totaled CNY 323,454,917.79, significantly higher than CNY 164,619.94 in the previous period[50]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,247[11]. - The largest shareholder, Zhao Zian, holds 35.45% of the shares, totaling approximately 89.82 million shares[11]. Research and Development - Research and development expenses rose by 39.38% to ¥34,437,535, driven by increased salaries and other R&D investments[17]. - Research and development expenses rose to ¥14,439,181.90, an increase of 28.8% from ¥11,305,200.90 in the previous year[34]. - Research and development expenses increased to ¥34,437,535.16, compared to ¥24,707,459.94 in the previous period, highlighting a focus on innovation[43]. Government Support and Non-Recurring Items - The company received government subsidies amounting to approximately ¥3.92 million during the reporting period[8]. - Non-recurring gains and losses totaled approximately ¥7.05 million, after accounting for tax effects[8]. Inventory and Accounts Receivable - Inventory increased by 81% to ¥189,680,220, primarily due to increases in work-in-progress, raw materials, and goods in transit[15]. - Accounts receivable decreased to CNY 392,337,883.56 from CNY 419,612,342.95, a reduction of approximately 6.5%[26].