CITIC Wine(SH:600084)2019-10-25 16:00Financial Performance - Operating revenue for the period was CNY 165,083,764.99, representing a decline of 41.78% year-on-year[17]. - Net profit attributable to shareholders was CNY 1,399,241.79, a significant improvement from a loss of CNY 83,872,142.92 in the same period last year[17]. - The company reported a total of CNY 1,613,002.98 in non-recurring gains and losses for the period[21]. - The company’s net profit after deducting non-recurring gains and losses was CNY -6,198,848.01, an improvement from CNY -100,889,783.85 in the previous year[19]. - The company expects cumulative net profit for the year to potentially be profitable compared to the previous year[35]. - The company reported a significant decrease in financial expenses by 97.15% to ¥470,327.11 from ¥16,496,202.50, attributed to reduced interest expenses from loan repayments[31]. - The company reported a net loss of ¥959,052,245.50 in retained earnings[52]. - The company achieved a total comprehensive income of ¥1,480,019.91 in Q3 2019, contrasting with a total comprehensive loss of ¥26,336,467.35 in Q3 2018[69]. Cash Flow - The net cash flow from operating activities was CNY -4,321,583.04, compared to CNY -110,514,988.06 in the previous year, indicating a reduced cash outflow[17]. - The net cash flow from operating activities improved by ¥106,193,405.02, resulting in a net outflow of ¥4,321,583.04 compared to a net outflow of ¥110,514,988.06 in the previous year[31]. - The cash flow from operating activities for the first three quarters of 2019 was negative at -¥4,321,583.04, an improvement from -¥110,514,988.06 in the same period of 2018[73]. - The net cash flow from financing activities was -472,450,308.32 RMB, compared to a positive cash flow of 44,004,862.50 RMB in the previous year[75]. - The cash inflow from operating activities was 38,339,222.15 RMB, significantly lower than 858,232,328.12 RMB in the previous year[75]. - The cash outflow from operating activities for Q3 2019 was ¥182,170,851.96, compared to ¥435,837,346.08 in Q3 2018[73]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,271,962,066.47, a decrease of 18.98% compared to the end of the previous year[17]. - The company's cash and cash equivalents decreased by 79.12% to ¥124,811,861.97 from ¥597,679,945.05 due to repayment of bank loans[29]. - Total liabilities decreased from ¥629,520,596.28 to ¥95,386,579.30, a decline of about 85%[44]. - Current liabilities decreased from ¥623,196,305.31 to ¥89,922,486.41, a decline of approximately 86%[44]. - The company's equity attributable to shareholders increased slightly from ¥2,186,553,948.10 to ¥2,187,953,189.89[46]. - The company reported a negative retained earnings of ¥-1,698,978,758.96, slightly improved from ¥-1,700,378,000.75[46]. - Total liabilities amounted to ¥11,480,433.23, while total equity was ¥3,017,935,613.23[52]. - The total assets of the company amounted to 2,804,283,952.84 RMB, unchanged from the previous year[81]. Shareholder Information - The number of shareholders at the end of the reporting period was 61,221, with the largest shareholder holding 34.48% of the shares[22]. - The total number of shares pledged by the controlling shareholder, CITIC Guoan Group, reached 34,545,000 shares[29]. Strategic Initiatives - The company aims to achieve profitability by implementing a scientific sales plan and improving product structure and sales model management[35]. - The company has implemented strict cost management measures to enhance its sustainable development and profitability capabilities[35]. - The company aims to improve operational efficiency and expand market presence in the upcoming quarters[58]. Changes in Assets - Current assets decreased from ¥2,192,675,244.76 to ¥1,684,436,095.68, a decline of about 23%[41]. - Non-current assets decreased from ¥611,608,708.08 to ¥587,525,970.79, a decline of approximately 4%[41]. - Inventory remained relatively stable, with a slight decrease from ¥1,420,682,438.82 to ¥1,415,866,953.54[41]. - The company has a total of ¥2,679,626,390.88 in capital reserves, unchanged from the previous period[44]. - The company has a long-term equity investment of ¥1,037,151,110.21, reflecting its investment strategy[90].