TCKG(SH:600112)2019-10-30 16:00Financial Performance - Operating revenue for the first nine months was CNY 164,548,955.64, a decline of 60.56% year-on-year[5] - Net profit attributable to shareholders was a loss of CNY 73,318,613.85, compared to a profit of CNY 81,351,105.51 in the same period last year, representing a decrease of 190.13%[5] - Basic and diluted earnings per share were both CNY -0.1440, a decrease of 190.11% compared to CNY 0.1598 in the same period last year[6] - The weighted average return on net assets decreased by 13.0005 percentage points to -6.1996%[6] - The company's total revenue for the first three quarters of 2019 was CNY 164,548,955.64, a decline of 60.6% compared to CNY 417,261,187.88 in the same period of 2018[29] - The net loss for the first three quarters of 2019 was CNY 21,506,908.30, compared to a profit of CNY 22,857,278.84 in the same period of 2018[29] - The net profit for Q3 2019 was -34,707,879.99 RMB, compared to a net profit of 111,000,395.69 RMB in Q3 2018, indicating a significant decline[31] - The total comprehensive income for Q3 2019 was -34,707,879.99 RMB, contrasting with 89,774,993.69 RMB in Q3 2018[33] Assets and Liabilities - Total assets decreased by 7.53% to CNY 2,279,255,661.30 compared to the end of the previous year[5] - Net assets attributable to shareholders decreased by 8.94% to CNY 1,110,316,763.14 compared to the end of the previous year[5] - Cash and cash equivalents decreased by 35.03% to RMB 45,181,013.35 due to reduced collection of receivables[13] - Inventory increased by 31.33% to RMB 167,759,670.52, primarily due to uncompleted contract inputs at the end of the reporting period[13] - The company's total liabilities decreased to CNY 1,169,301,391.62 from CNY 1,245,900,788.91, reflecting a reduction of about 6.1%[24] - The company's equity attributable to shareholders decreased to CNY 1,110,316,763.14 from CNY 1,219,287,865.07, a decline of approximately 8.9%[24] - Total liabilities related to non-operating fund occupation by the controlling shareholder amounted to RMB 339,979,700, with a remaining balance of RMB 158,710,200[15] - The total owner's equity as of September 30, 2019, was CNY 1,080,890,602.05, down 7% from CNY 1,160,907,277.27[29] Cash Flow - Net cash flow from operating activities improved to CNY 14,454,537.50, a turnaround from a negative cash flow of CNY -15,395,282.36 in the previous year[5] - Cash flow from operating activities for Q3 2019 was 14,454,537.50 RMB, compared to -15,395,282.36 RMB in Q3 2018, indicating a recovery in cash flow[40] - Total cash inflow from operating activities was 45,031,164.21 RMB, compared to 18,882,861.88 RMB in the previous year, indicating a year-over-year increase of approximately 138.5%[42] - Cash outflow from operating activities decreased significantly to 53,093,024.32 RMB from 173,076,033.94 RMB, representing a reduction of about 69.3%[42] Shareholder Information - The total number of shareholders at the end of the reporting period was 41,847[11] - The largest shareholder, Yinhai Tiancheng Group, held 93,403,800 shares, accounting for 18.34% of the total shares[11] Legal and Compliance Issues - The company is involved in 21 litigation and arbitration cases, with a total amount of RMB 680,140,200, potentially impacting future profits[16] - Assets with a book value of RMB 878,264,200 have been seized or frozen, representing 35.63% of the company's total audited assets[16] - The company is required to compensate 224 small investors for a total of CNY 39,112,403.39 in investment losses and CNY 663,262.66 in related fees due to a court ruling[17] - The company is actively appealing a court decision regarding the compensation to investors and is taking measures to protect its legal rights[17] Investment and Financial Activities - The company reported non-operating income of CNY 31,384,888.50, compared to CNY 22,915,078.09 in the previous year[8] - Financial expenses decreased by 39.65% to RMB 33,837,396.21, mainly due to reduced borrowings[14] - Investment income decreased by 86.85% to RMB 21,815,732.51, primarily due to the disposal of the subsidiary Changzheng Electric in the previous year[14] - The company completed the transfer of 100% equity of its subsidiary Guangxi Galaxy Dikan Electric Co., Ltd. to Jiangsu Galaxy Electric Co., Ltd. on September 30, 2019[18]