NSWRC(SH:600165)2019-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 239,402,545.64, a decline of 50.22% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 31,514,585.42, compared to a profit of CNY 329,264.52 in the same period last year, representing a decrease of 9,671.21%[6] - Basic earnings per share were -CNY 0.046, a decrease of 9,300% compared to the previous year[6] - The weighted average return on net assets decreased by 3.57 percentage points to -3.527%[6] - Total operating revenue for Q3 2019 was ¥132,346,457.03, a decrease of 9.8% compared to ¥145,489,688.33 in Q3 2018[38] - Net profit for Q3 2019 was a loss of ¥10,439,882.49, compared to a profit of ¥6,096,628.79 in Q3 2018[39] - Total investment income for Q3 2019 was ¥10,664,842.32, down from ¥14,356,286.03 in Q3 2018[39] - Total comprehensive income attributable to the parent company for Q3 2019 was CNY -8,330,854.64, compared to CNY 4,554,533.73 in Q3 2018[43] Assets and Liabilities - Total assets decreased by 16.90% to CNY 1,812,103,094.70 compared to the end of the previous year[6] - The total current assets decreased to RMB 799,961,830.46 from RMB 1,234,975,529.65 at the end of 2018, representing a decline of approximately 35.2%[27] - The total liabilities as of September 30, 2019, were RMB 867,839,925.20, down from RMB 1,187,502,624.12 at the end of 2018, indicating a reduction of about 26.9%[29] - The company's total equity decreased from RMB 993,202,366.14 at the end of 2018 to RMB 944,263,169.50 as of September 30, 2019, a decline of approximately 4.9%[29] - The company's cash and cash equivalents were reported at RMB 56,704,759.28, down from RMB 74,667,756.95 at the end of 2018, a decrease of about 24%[27] - Total liabilities amounted to ¥869,686,816.45 in Q3 2019, a decrease from ¥1,549,581,520.21 in Q3 2018[34] - The company reported a total asset value of ¥1,819,483,385.53 as of Q3 2019, down from ¥2,424,066,536.60 in the previous year[34] Cash Flow - The net cash flow from operating activities was -CNY 80,740,219.21, an improvement from -CNY 166,021,592.18 in the same period last year[6] - Cash flow from operating activities for the first nine months of 2019 was CNY -80,740,219.21, an improvement from CNY -166,021,592.18 in the same period of 2018[45] - The company raised 368,322,072.69 RMB from financing activities, with cash outflows totaling 597,901,597.86 RMB, leading to a net cash flow from financing activities of -229,579,525.17 RMB[49] - The ending cash and cash equivalents balance decreased to 10,930.13 RMB from 19,643,787.48 RMB at the beginning of the period, reflecting a net decrease of 19,632,857.35 RMB[49] - The cash flow from operating activities was impacted by a total cash outflow of 22,202,598.95 RMB, compared to 220,438,986.21 RMB in the same period last year[48] Shareholder Information - The total number of shareholders at the end of the reporting period was 34,075[9] - The largest shareholder, Shanghai Zhongneng Enterprise Development (Group) Co., Ltd., held 200,000,000 shares, accounting for 29.20% of total shares[9] Government and Legal Matters - The company received government subsidies amounting to CNY 202,677.42 during the reporting period[7] - The company is involved in ongoing litigation regarding performance commitments and compensation, with a court ruling exempting it from paying RMB 577 million in equity transfer fees[16] - The company filed a lawsuit against Xu Xiaochun for a compensation of RMB 157 million due to unfulfilled performance commitments for the year 2017[17] - The company has ongoing civil litigation regarding unfulfilled performance commitments from Xu Xiaochun for the years 2017 and 2018, which remains unresolved as of the report date[25] - The company has a pending lawsuit for defamation with a claim of RMB 10 million against it, which has not yet been resolved[22] Research and Development - R&D expenses increased significantly by 246.91% to RMB 1.28 million, compared to RMB 370,079.28 in the previous year[14] - Research and development expenses for Q3 2019 were ¥927,113.13, significantly higher than ¥115,603.16 in Q3 2018, indicating a focus on innovation[38]