长江投资(600119) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months was CNY 566,196,775.42, a decrease of 33.81% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 54,644,775.55, compared to a loss of CNY 291,081,686.29 in the same period last year[6] - Basic and diluted earnings per share were both negative CNY 0.18, compared to negative CNY 0.95 in the same period last year[7] - The company's operating revenue for Q3 2019 was ¥566,196,775.42, a decrease of 33.81% compared to ¥855,381,393.45 in the same period last year, primarily due to the cessation of supply chain operations[14] - Total operating revenue for Q3 2019 was ¥194,701,556.36, a decrease of 19.3% compared to ¥241,250,652.52 in Q3 2018[26] - Net loss for Q3 2019 was ¥9,171,514.99, compared to a net loss of ¥18,184,462.55 in Q3 2018, showing an improvement[27] - The company reported a total profit loss of ¥3,814,634.47 for Q3 2019, an improvement from a loss of ¥16,714,487.84 in Q3 2018[27] - The net profit for Q3 2019 was CNY 3,501,663.61, a significant recovery from a net loss of CNY 11,897,390.21 in Q3 2018[31] - The company's operating profit for Q3 2019 was CNY 3,501,663.61, compared to an operating loss of CNY 11,897,390.21 in Q3 2018[31] - The total comprehensive income attributable to the parent company in Q3 2019 was CNY -14,916,602.60, compared to CNY -18,657,697.43 in Q3 2018[32] Assets and Liabilities - Total assets decreased by 5.69% to CNY 1,563,864,980.36 compared to the end of the previous year[6] - Total liabilities decreased from CNY 1,336,751,266.69 in December 2018 to CNY 1,303,882,445.83 in September 2019, a decline of about 2.5%[20] - Current liabilities decreased from CNY 1,240,420,208.45 in December 2018 to CNY 1,175,713,130.21 in September 2019, a reduction of about 5.2%[20] - Short-term borrowings decreased significantly from CNY 928,000,000.00 in December 2018 to CNY 680,000,000.00 in September 2019, a decrease of approximately 26.7%[20] - Non-current liabilities increased from CNY 96,331,058.24 in December 2018 to CNY 128,169,315.62 in September 2019, an increase of about 33.1%[20] - The company's total liabilities and equity decreased from CNY 1,658,185,043.13 in December 2018 to CNY 1,563,864,980.36 in September 2019, a decline of approximately 5.7%[20] - Cash and cash equivalents decreased from CNY 71,339,355.38 in December 2018 to CNY 9,421,505.03 in September 2019, a decline of about 86.8%[24] - The company reported accounts receivable of CNY 398,071,169.86 and inventory valued at CNY 29,199,856.16[41] - The company has a long-term loan of CNY 67,950,000.00, contributing to its non-current liabilities[42] Shareholder Information - The total number of shareholders was 32,262 at the end of the reporting period[10] - The largest shareholder, Changjiang Economic United Development Group, held 35.64% of the shares[10] - The company's equity attributable to shareholders decreased from CNY 139,016,809.74 in December 2018 to CNY 85,257,602.15 in September 2019, a drop of approximately 38.7%[20] - The total equity attributable to shareholders decreased from ¥71,099,117.54 to ¥59,492,081.61 year-over-year[26] Cash Flow - Net cash flow from operating activities was negative CNY 32,014,080.89, a decrease of 120.52% compared to the same period last year[6] - Cash flow from operating activities for the first three quarters of 2019 was CNY 619,833,471.63, down from CNY 909,041,288.16 in the same period of 2018[33] - The net cash flow from investment activities for the first three quarters of 2019 was 22,687,250.00, a recovery from -208,535,044.36 in the previous year[38] - The company experienced a net decrease in cash and cash equivalents of -59,244,049.18 in Q3 2019, compared to a smaller decrease of -6,884,521.13 in the same period last year[38] Government Subsidies and Other Income - The company reported government subsidies of CNY 6,433,847.57 for the first nine months, including CNY 1,015,022.88 related to assets[8] - Other income rose by 84.49% to ¥5,721,624.33 from ¥3,101,335.24, mainly due to increased government subsidies received during the reporting period[14] Research and Development - Research and development expenses significantly dropped by 70.25% to ¥4,942,018.46 from ¥16,609,134.46, indicating a reduction in R&D activities[14] - Research and development expenses for Q3 2019 were ¥1,401,582.57, significantly lower than ¥5,838,755.03 in Q3 2018, indicating a reduction in R&D investment[26] Investment and Financial Adjustments - The company recorded a significant investment loss of -¥2,163,631.13, primarily due to substantial impairment provisions for available-for-sale financial assets[14] - The company reported a significant investment income of CNY 11,429,634.50 in Q3 2019, recovering from a loss of CNY -1,511,597.77 in Q3 2018[30] - The company has made adjustments to its financial instruments in accordance with new financial instrument standards, impacting the classification of certain assets[44] - The company has made adjustments to its financial assets classification, impacting the presentation of its financial statements[49]