GYLS(SH:600059)2019-10-24 16:00Financial Performance - Operating revenue for the first nine months was CNY 1,263,255,482.63, down 0.90% year-on-year[17] - Net profit attributable to shareholders was CNY 120,063,926.11, an increase of 4.66% compared to the same period last year[17] - The net profit after deducting non-recurring gains and losses was CNY 107,101,458.36, reflecting an increase of 11.19% year-on-year[17] - Basic earnings per share rose to CNY 0.15, up 7.14% from CNY 0.14 in the previous year[17] - The company's net profit for Q3 2019 was CNY 12,662,836.88, an increase from CNY 8,075,671.37 in Q3 2018, representing a growth of approximately 57.5%[66] - Total operating revenue for Q3 2019 reached CNY 197,431,300.27, compared to CNY 185,460,734.11 in Q3 2018, marking an increase of about 6.4%[63] - The total comprehensive income attributable to the parent company for Q3 2019 was CNY 18,382,281.79, compared to CNY 10,660,425.09 in Q3 2018, showing an increase of approximately 72.5%[60] - The total profit for Q3 2019 was CNY 16,511,823.55, an increase from CNY 10,720,125.08 in Q3 2018, representing a growth of approximately 54.1%[66] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 32,677,760.26, a decrease of 5.47% year-on-year[17] - Net cash flow from operating activities decreased by 5.47% to ¥32,677,760.26 from ¥34,568,653.26 primarily due to increased payments for goods[28] - Cash inflow from operating activities totaled 1,283,410,040.03 RMB, while cash outflow was 1,250,732,279.77 RMB, resulting in a net cash flow of 32,677,760.26 RMB[71] - The net cash flow from investment activities was -96,135,933.96 RMB, compared to -106,414,950.82 RMB in the same period last year, indicating an improvement[72] - The company experienced a decrease in cash flow from sales of goods and services, receiving 1,259,097,747.15 RMB compared to 1,316,835,506.14 RMB in the prior year[71] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,563,895,658.35, a decrease of 4.96% compared to the end of the previous year[17] - Cash and cash equivalents decreased by 20.67% to ¥557,672,604.17 from ¥702,956,787.43 due to increased investment in financial products and payment of goods[28] - Accounts receivable decreased by 40.23% to ¥6,853,977.50 from ¥11,467,455.00 primarily due to a reduction in notes[28] - The total assets as of September 30, 2019, amounted to approximately ¥4.16 billion, a decrease from ¥4.37 billion at the end of 2018, representing a decline of 4.83%[48] - Total liabilities were RMB 524,387,998.55, with current liabilities totaling RMB 522,767,998.55[90] - The total assets of the company were reported at $4.80 billion, with total liabilities amounting to $702.50 million, indicating a strong asset base relative to liabilities[81] Shareholder Information - The total number of shareholders at the end of the reporting period was 42,601[20] - The largest shareholder, China Shaoxing Huangjiu Group Co., Ltd., held 334,624,117 shares, accounting for 41.39% of the total shares[20] - The company reported a basic earnings per share of 93,836,966.73 RMB for the first three quarters of 2019, compared to 92,689,109.11 RMB in the same period of 2018[68] Research and Development - R&D expenses increased by 41.83% to ¥7,595,905.38 from ¥5,355,771.59 reflecting higher investment in research and development[28] - The company reported a research and development expense of approximately ¥1.39 million for Q3 2019, compared to ¥1.30 million in Q3 2018, marking an increase of 6.77%[54] - Research and development expenses for Q3 2019 amounted to CNY 1,007,549.94, which is an increase from CNY 677,178.42 in Q3 2018, indicating a rise of about 48.8%[63] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[49] - Future guidance indicates a positive outlook for revenue growth, driven by strategic investments and market expansion initiatives[86] - The company is actively exploring potential mergers and acquisitions to enhance its competitive edge in the market[86]