毅昌科技(002420) - 2018 Q3 - 季度财报

Financial Performance - Operating revenue increased by 10.40% to CNY 1,172,362,475.75 compared to the same period last year[7] - Net profit attributable to shareholders was a loss of CNY 389,602,008.05, a decrease of 199.79% compared to the same period last year[7] - Basic earnings per share was -CNY 0.9716, a decrease of 199.78% compared to the same period last year[7] - The company expects a net loss for the 2018 fiscal year, with projected net profit ranging from -50,000 to -70,000 thousand yuan[20] - The company reported a net loss of CNY 66,472,396.88, compared to a profit of CNY 55,645,902.58 in the previous year[34] - The company's operating revenue for Q3 2018 was CNY 340.61 million, a decrease of 33.6% from CNY 513.54 million in the same period last year[38] - The net profit for Q3 2018 was a loss of CNY 389.21 million, compared to a loss of CNY 130.86 million in Q3 2017, representing a significant increase in losses[37] - The total comprehensive income for Q3 2018 was a loss of CNY 388.83 million, compared to a loss of CNY 131.06 million in the previous year[39] - The company's operating profit for Q3 2018 was a loss of CNY 261.70 million, worsening from a loss of CNY 171.78 million in Q3 2017[37] - The company's total revenue for the year-to-date was CNY 3.63 billion, a slight decrease from CNY 3.73 billion in the previous year[41] Assets and Liabilities - Total assets decreased by 27.96% to CNY 2,972,437,072.12 compared to the end of the previous year[7] - Net assets attributable to shareholders decreased by 35.69% to CNY 759,949,208.81 compared to the end of the previous year[7] - The total assets decreased to CNY 2,925,441,771.17 from CNY 3,380,014,876.89 at the beginning of the year[33] - The total liabilities were CNY 1,763,383,440.28, down from CNY 2,095,838,246.54 at the start of the year[33] - The cash and cash equivalents decreased to CNY 125,750,487.91 from CNY 209,287,760.84[31] - Accounts receivable decreased by 40.18% compared to the beginning of the year, mainly due to increased customer payments received[15] - Inventory decreased by 35.27% compared to the beginning of the year, primarily due to sales of inventory realized during the period[15] - The company’s total liabilities increased, with cash outflow for debt repayment amounting to ¥958,681,646.27, compared to ¥880,556,949.63 last year[47] Cash Flow - Net cash flow from operating activities was -CNY 19,946,495.67, a decrease of 140.54% compared to the same period last year[7] - Cash flow from operating activities increased by 318.16% compared to the same period last year, mainly due to increased cash receipts[15] - The cash flow from operating activities for the current period is CNY 4,789,159,352.23, an increase from CNY 4,260,838,528.58 in the previous period[46] - The net cash flow from operating activities for the third quarter was ¥381,124,707.71, a significant improvement compared to a net outflow of ¥174,700,972.68 in the same period last year[47] - Total cash inflow from operating activities was ¥1,194,154,152.14, while cash outflow was ¥901,555,208.25, resulting in a net cash flow of ¥292,598,943.89[50] - The company reported a net cash flow from investing activities of -¥158,395,925.86, compared to -¥61,880,891.62 in the previous year[47] - Cash inflow from financing activities was ¥625,613,562.23, while cash outflow was ¥979,268,548.02, leading to a net cash flow of -¥353,654,985.79[47] Research and Development - Research and development expenses increased by 31.98% compared to the same period last year, due to increased investment in R&D[15] - The company invested CNY 44,391,084.16 in research and development, compared to CNY 25,969,668.45 in the previous year, reflecting a 71.5% increase[36] - Research and development expenses for Q3 2018 were CNY 7.91 million, down 50.7% from CNY 16.04 million in the same period last year[38] - Research and development expenses for the current period amount to CNY 30,236,108.79, down from CNY 45,230,893.23 in the previous period, reflecting a reduction of 33.2%[43] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,023[11] - The largest shareholder, Gaojin Technology Industry Group Co., Ltd., holds 25.98% of the shares[11] - The basic earnings per share for Q3 2018 were CNY -0.9716, compared to CNY -0.3241 in Q3 2017, indicating a decline in shareholder value[37] - The basic earnings per share for the current period is -1.0532, compared to -0.4547 in the previous period, indicating a decline in performance[42]