BOOK DIGITAL(SH:600083)2019-10-29 16:00Financial Performance - Operating revenue for the first nine months decreased by 87.69% to CNY 164,037,110.71 compared to the same period last year[6]. - Net profit attributable to shareholders increased by 70.90% to CNY 14,383,249.49 compared to the same period last year[6]. - Basic earnings per share increased by 70.77% to CNY 0.0625 compared to the same period last year[6]. - Total revenue for Q3 2019 was 8,842,276.22 RMB, a decrease from 224,644,724.92 RMB in Q3 2018[35]. - The company reported a net loss of -305,361,258.12 RMB for the period, compared to -319,744,507.61 RMB in the previous year[29]. - Total profit for Q3 2019 was -9,151,365.05 RMB, compared to -5,820,490.35 RMB in Q3 2018[37]. - The company reported a total comprehensive income of -9,595,252.12 RMB for Q3 2019, reflecting ongoing financial challenges[39]. - The net profit for Q3 2019 was -2,547,254.51 RMB, compared to -1,759,247.89 RMB in the same period last year, indicating a decline of approximately 44.4%[41]. Assets and Liabilities - Total assets decreased by 14.44% to CNY 450,085,203.30 compared to the end of the previous year[6]. - The company’s total liabilities amounted to 429,709,966.99 RMB, compared to 514,174,234.80 RMB in the previous year[29]. - The company’s total current assets were 88,685,629.51 RMB, down from 129,489,663.10 RMB in the previous year[31]. - The company’s equity attributable to shareholders was 20,375,236.31 RMB, an increase from 11,875,110.66 RMB year-over-year[29]. - The company’s total liabilities and equity were 450,085,203.30 RMB, compared to 526,049,345.46 RMB in the previous year[29]. Cash Flow - The company reported a net cash flow from operating activities of CNY -21,313,536.32 for the first nine months[6]. - Cash flow from operating activities for the first nine months of 2019 was -21,313,536.32 RMB, compared to -646,139,208.93 RMB in the same period last year, reflecting a significant improvement[45]. - Total cash inflow from operating activities for the first nine months of 2019 was 1,404,422,100.88 RMB, while cash outflow was 2,050,561,309.81 RMB[45]. - Cash inflow from financing activities was $306,956,220.00, but cash outflow was $408,600,000.00, leading to a net cash flow of -$101,643,780.00 from financing[50]. - The total cash and cash equivalents at the end of the period decreased to $166,079.16 from $15,807,303.86 at the beginning of the period[50]. Shareholder Information - The total number of shareholders reached 10,518 at the end of the reporting period[10]. - The largest shareholder, Suzhou Shengjun Marketing Management Co., Ltd., holds 28.39% of the shares[10]. Expenses - Operating costs fell by 88.16% to ¥152,232,001.20 from ¥1,286,051,607.50, attributed to the same reduction in distribution business[12]. - Management expenses increased by 63.89% to ¥19,221,330.58 from ¥11,728,227.83, mainly due to higher employee compensation and intermediary service fees[13]. - Research and development expenses decreased by 31.51% to ¥4,967,880.37 from ¥7,253,421.84, primarily due to reduced outsourced R&D costs[13]. - Sales expenses decreased by 37.04% to ¥6,656,152.77 from ¥10,572,469.44, reflecting the reduction in distribution activities[13]. Legal and Compliance - The company has filed lawsuits against three debtors, with the Tianjun Court accepting the cases, although one case was dismissed[22]. - The company has implemented measures to enhance internal controls and improve financial processes to prevent similar issues in the future[23]. - The company adjusted its financial statements for the third quarter of 2018, reducing both revenue and costs accordingly[22]. Future Strategies - The company is focusing on improving cash flow management to enhance liquidity in future quarters[50]. - Future strategies may include exploring new investment opportunities to bolster cash inflows and reduce operational cash outflows[50].