HYC(SZ:000586)2018-10-29 16:00Financial Performance - Operating revenue for the reporting period was CNY 84,805,239.75, down 2.82% year-on-year, while revenue for the year-to-date was CNY 250,134,503.12, a decrease of 13.28% compared to the same period last year[7]. - Net profit attributable to shareholders for the reporting period was CNY 2,745,339.95, an increase of 39.32% year-on-year, with a year-to-date net profit of CNY -1,886,139.11, not applicable for comparison[7]. - Basic earnings per share for the reporting period were CNY 0.014, up 40.00% year-on-year, with diluted earnings per share also at CNY 0.014[7]. - Operating profit decreased by 568.83% to -¥3,876,887.90, driven by increased investment losses and financial expenses[16]. - Net profit for Q3 2018 reached CNY 2,841,653.75, an increase of 91.5% compared to CNY 1,483,264.25 in Q3 2017[41]. - Net profit for the period was CNY -3,960,954.93, compared to a net loss of CNY -874,553.06 in the previous year, indicating a significant increase in losses[47]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 554,613,946.14, a decrease of 1.08% compared to the end of the previous year[7]. - The company's current assets totaled CNY 462,150,199.20, down from CNY 472,839,761.96 at the beginning of the period, indicating a decline of approximately 2.9%[33][35]. - Total liabilities decreased to CNY 295,924,373.38 from CNY 298,031,042.77, a reduction of approximately 0.4%[35]. - The company's equity attributable to shareholders decreased to CNY 235,425,045.30 from CNY 237,311,184.41, a decline of about 0.8%[35]. - The total liabilities decreased to CNY 92,850,869.41 from CNY 94,519,794.50 year-over-year[38]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -28,850,763.25, showing an improvement of 45.00%[7]. - Operating cash flow net amount was CNY -28,850,763.25, an improvement from CNY -52,457,976.57 year-on-year[50]. - The net cash flow from investment activities was -3,586,039.31 CNY, compared to -3,409,549.68 CNY in the previous period[52]. - The net cash flow from financing activities was 18,515,677.95 CNY, a decrease from 41,469,581.57 CNY in the previous period[52]. - The cash inflow from operating activities was 1,023,948.27 CNY, down from 11,667,711.71 CNY in the previous period[53]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 13,560[11]. - The largest shareholder, Guangzhou Huifu Qiji Investment Partnership, held 20.68% of the shares, amounting to 40,000,000 shares[11]. Research and Development - R&D expenses rose by 148.88% to ¥9,588,690.90, reflecting increased capitalized development expenditures[15]. - Research and development expenses increased to CNY 3,603,313.41, up 21.8% from CNY 2,957,769.43 in the previous year[39]. Financial Expenses and Losses - Financial expenses surged by 331.00% to ¥1,845,821.29, primarily due to increased borrowing interest and exchange losses[15]. - Investment income fell by 254.63% to -¥2,466,055.70 due to deteriorating performance of joint ventures[15]. - The company reported an investment loss of CNY 1,099,302.88, significantly higher than the loss of CNY 204,384.56 in the same period last year[43]. - The company incurred financial expenses of CNY 1,845,821.29, significantly higher than CNY 428,260.44 in the previous year[45]. Other Income and Expenses - Other current assets increased by 249.02% to ¥1,271,744.24 due to new uncredited input tax from subsidiaries[15]. - Other income decreased by 31.66% to ¥2,347,207.61, mainly from reduced government subsidies[15]. - Other income increased to CNY 204,165.06 from CNY 62,342.23 year-on-year[47].