中国卫星(600118) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months was ¥4,393,091,382.46, a decrease of 3.11% compared to the same period last year[6]. - Net profit attributable to shareholders of the listed company was ¥264,871,739.59, down 1.51% year-on-year[6]. - Basic earnings per share decreased by 4.35% to ¥0.22[6]. - The weighted average return on net assets was 4.79%, a decrease of 0.29 percentage points compared to the previous year[6]. - Total operating revenue for Q3 2019 was ¥1,254,037,088.04, a decrease of 5.2% compared to ¥1,323,386,115.38 in Q3 2018[28]. - Net profit for Q3 2019 reached ¥93,861,342.48, an increase of 4.6% from ¥89,824,682.02 in Q3 2018[28]. - Total profit for Q3 2019 was ¥89,495,777.23, a decrease of 16.6% from ¥107,349,612.45 in Q3 2018[28]. - The company reported a net profit of CNY 2,615,578,194.59, an increase from CNY 2,507,863,462.40[22]. - Net profit for the first three quarters of 2019 reached CNY 214,833,900, an increase of 22.5% from CNY 175,524,200 in the same period of 2018[29]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥13,518,353,453.93, an increase of 29.59% compared to the end of the previous year[6]. - Net assets attributable to shareholders of the listed company were ¥5,591,346,316.15, reflecting a 2.17% increase year-on-year[6]. - Total current assets as of September 30, 2019, amounted to 11,042,308,894.72 yuan, an increase from 7,903,413,572.28 yuan in the previous year[21]. - Current liabilities totaled CNY 6,566,894,108.54, an increase from CNY 3,626,470,730.38[22]. - Total liabilities were CNY 6,756,457,900.72, increasing from CNY 3,797,143,884.66[22]. - The total liabilities and shareholders' equity amounted to CNY 13,518,353,453.93, compared to CNY 10,431,835,275.27[22]. - The company’s total assets decreased by 100% in available-for-sale financial assets, reflecting a shift to other equity instrument investments under new financial instrument standards[11][14]. Cash Flow - Net cash flow from operating activities improved significantly to -¥20,938,244.91, a 95.71% increase compared to -¥487,631,593.72 in the previous year[6]. - Cash flow from operating activities for the first three quarters of 2019 was CNY 2,362,216,900, up from CNY 2,105,796,400 in the same period of 2018[30]. - The company reported a cash outflow from financing activities of CNY 132,137,379.66, unchanged from the previous year[31]. - The company reported a net cash increase of CNY 402,924,400 in the first three quarters of 2019, contrasting with a net decrease of CNY 453,141,600 in 2018[30]. Shareholder Information - The total number of shareholders at the end of the reporting period was 131,136[9]. - The largest shareholder, China Academy of Space Technology, held 51.46% of the shares[9]. Government Subsidies and Other Income - The company received government subsidies amounting to ¥9,288,509.73 during the reporting period[8]. - The company reported a significant increase in other income, with a rise of 46.27% to approximately ¥2.18 million, mainly due to increased government subsidies[11][13]. Investments and Capital Changes - The company plans to increase capital by 11.8 million yuan to Xi'an Tianhui Data Technology Co., Ltd, which is still pending implementation[17]. - The company intends to publicly transfer 51% equity of Beijing Xingdi Hengtong Information Technology Co., Ltd, with a transfer base price of 9.69 million yuan, but has not yet found qualified buyers[17]. - The company approved a capital increase of 50 million yuan to Aerospace Hengxing Technology, with the new shareholders holding 5% of the equity, and the equity is currently in the information disclosure phase[18]. Inventory and Receivables - Accounts receivable increased by 98.03% to approximately ¥4.98 billion, primarily due to the industry characteristic of contract payments being concentrated in the fourth quarter[11][14]. - Inventory increased by 49.98% to approximately ¥1.95 billion, driven by rising costs and stock for satellite application projects[11][14].