DDMC(SH:600136)2019-10-30 16:00Financial Performance - Net profit attributable to shareholders increased by 401.26% to CNY 652,289,944.36 for the first nine months of the year[7] - Operating revenue for the first nine months was CNY 1,353,746,587.93, a 1.41% increase year-on-year[7] - Basic earnings per share rose by 396.30% to CNY 1.34[7] - The weighted average return on equity increased by 12.59 percentage points to 17.62%[7] - The company reported non-recurring gains of CNY 20,087,237.18 for the current period[8] - The net profit attributable to shareholders after deducting non-recurring gains decreased by 75.41% to CNY 30,660,010.72[7] - Total operating revenue for Q3 2019 was approximately ¥356.54 million, a decrease of 23% compared to ¥462.19 million in Q3 2018[23] - Net profit for Q3 2019 was a loss of approximately ¥0.65 million, compared to a profit of ¥23.20 million in Q3 2018[24] - The total comprehensive income for Q3 2019 showed a significant decline, with a loss of approximately ¥111.46 million compared to a gain of ¥153.93 million in Q3 2018[24] - The total profit for the first three quarters of 2019 was a loss of CNY 189,049,693.07, compared to a loss of CNY 91,669,430.85 in the same period of 2018, indicating worsening financial health[28] Cash Flow and Investments - Net cash flow from operating activities surged by 424.67% to CNY 972,132,219.91 compared to the same period last year[7] - The company's operating cash flow for the first three quarters of 2019 was CNY 972,132,219.91, a significant increase from CNY 185,282,963.95 in the same period of 2018, representing a growth of approximately 424%[31] - Total cash inflow from operating activities was CNY 2,086,557,301.45, slightly up from CNY 2,052,249,173.17 year-over-year[31] - Cash outflow from operating activities decreased to CNY 1,114,425,081.54 from CNY 1,866,966,209.22, indicating improved cash management[31] - The net cash flow from investing activities was -CNY 1,764,876,037.61, an improvement compared to -CNY 3,388,254,189.38 in the previous year, showing a reduction in investment losses[32] - Cash inflow from financing activities totaled CNY 3,417,525,850.66, down from CNY 5,540,109,630.00 in the same period last year, reflecting a decrease in capital raising efforts[32] - The net cash flow from financing activities was CNY 454,317,266.25, a decline from CNY 3,694,027,939.35, indicating tighter financing conditions[32] Assets and Liabilities - Total assets increased by 4.49% to CNY 11,111,723,328.32 compared to the end of the previous year[7] - The company's current assets totaled CNY 4.29 billion, down from CNY 5.26 billion at the end of 2018, indicating a decrease of about 18.5%[16] - The total liabilities increased to CNY 6.73 billion from CNY 6.40 billion, marking an increase of about 5.2%[17] - The company's equity attributable to shareholders rose to CNY 4.06 billion from CNY 3.35 billion, an increase of approximately 21.2%[17] - The total non-current assets increased to CNY 6.82 billion from CNY 5.38 billion, representing a growth of approximately 26.6%[16] - Current liabilities reached CNY 3,680,860,822.09, while total liabilities were CNY 6,398,394,803.26[40] Shareholder Information - The total number of shareholders reached 24,180 by the end of the reporting period[10] - The largest shareholder, Wuhan New Star Hanyi Chemical Co., Ltd., holds 16.47% of the shares[10] - The company repurchased a total of 1,525,500 shares, accounting for 0.31% of the total share capital, at a total cost of ¥17,987,600[13] - The company plans to issue A-shares to Contemporary Group and others, which has been approved by the China Securities Regulatory Commission[13] Expenses - Management expenses rose by 42.59% to ¥176,381,091.01 due to the inclusion of New England Cayman in the consolidated financial statements since September 1, 2018[12] - Financial expenses for Q3 2019 were CNY 41,543,411.37, up from CNY 18,598,994.23 in Q3 2018, representing an increase of about 123.5%[28] - Interest expenses for Q3 2019 were CNY 58,630,817.51, compared to CNY 47,417,224.15 in Q3 2018, indicating a rise of approximately 23.4%[28] Accounting Changes - The company executed new financial accounting standards effective January 1, 2019, impacting the financial reporting[40] - The company implemented new financial accounting standards effective January 1, 2019, impacting the reporting of financial instruments[45] - The company did not apply the new leasing standards[45]