ICW(600187)2019-10-25 16:00Financial Performance - Net profit attributable to shareholders increased by 177.45% to CNY 26,366,048.95 for the first nine months of the year[9] - Operating revenue decreased by 3.35% to CNY 283,665,766.45 for the first nine months of the year[9] - Basic earnings per share increased by 178.95% to CNY 0.0159 per share[9] - The company reported a net loss of CNY 37,063,324.14 after deducting non-recurring gains and losses for the first nine months[9] - The company reported a net loss of CNY 217,508,642.44, an improvement from a loss of CNY 235,217,666.39 in the previous year[40] - Net profit for Q3 2019 was ¥11,645,626.78, compared to ¥7,310,399.03 in Q3 2018, reflecting a growth of approximately 59.5%[44] - The total comprehensive income attributable to the parent company for Q3 2019 was ¥14,092,805.72, compared to ¥9,636,001.57 in Q3 2018, indicating a 46.5% increase[45] Cash Flow - Net cash flow from operating activities decreased by 128.97% to CNY -12,841,536.23 for the first nine months of the year[9] - The net cash flow from operating activities decreased by 128.97%, amounting to -12,841,536.23 RMB compared to 44,329,999.60 RMB in the previous year[32] - The cash flow from operating activities for the first three quarters of 2019 was negative at -¥12,841,536.23, compared to a positive ¥44,329,999.60 in the same period of 2018[51] - The total cash inflow from investment activities was 989,520,437.11 RMB, while cash outflow was 1,183,907,458.93 RMB, resulting in a net cash flow of -194,387,021.82 RMB[54] - The total cash inflow from investment activities in Q3 2019 was 1,050,845,343.73 RMB, while cash outflow was 1,450,679,780.89 RMB, resulting in a net cash flow of -399,834,437.16 RMB[52] Assets and Liabilities - Total assets decreased by 6.45% to CNY 4,753,663,545.97 compared to the end of the previous year[9] - The company's cash and cash equivalents decreased by 55.54%, from RMB 1,092,783,662.72 to RMB 485,892,414.16, primarily due to repayment of bank loans and increased investments in asset management projects[15] - The company's prepaid expenses increased significantly by 490.62%, from RMB 26,508,157.08 to RMB 156,563,802.74, mainly due to a RMB 90 million payment for housing prepayments[15] - The company’s long-term equity investments decreased by 84.97%, from RMB 34,954,896.41 to RMB 5,252,697.74, due to changes in subsidiary ownership[15] - The company’s total liabilities decreased significantly, with current liabilities due within one year dropping by 88.17%, from RMB 234,200,000.00 to RMB 27,700,000.00, as a result of loan repayments[15] - Total liabilities were CNY 1,269,435,866.51, down from CNY 1,582,743,776.98, showing a reduction of about 19.74%[40] - The total liabilities and shareholders' equity amounted to CNY 4,582,660,214.96, indicating a balanced sheet[63] Shareholder Information - The total number of shareholders reached 125,085 by the end of the reporting period[11] - The largest shareholder, Guozhong (Tianjin) Water Co., Ltd., holds 13.74% of the shares[11] Investment and Acquisitions - The company plans to acquire 52.53% equity in Renxin Technology through a cash payment for 35,298,500 shares and subscription of 27,660,000 newly issued shares[33] - The company is negotiating a supplementary agreement regarding the major asset acquisition of Renxin Technology, with specific terms still under discussion[33] - The company completed a share repurchase of 40,154,025 shares, accounting for 2.43% of the total share capital, with a total expenditure of 120,527,510.56 RMB[34] Other Financial Metrics - The weighted average return on equity increased by 0.5 percentage points to 0.77%[9] - Research and development expenses for the first three quarters of 2019 amounted to ¥3,789,437.18, compared to ¥3,247,552.19 in the same period of 2018, an increase of about 16.6%[43] - The company’s investment income for the first three quarters of 2019 was ¥37,951,651.07, up from ¥32,530,835.94 in the same period of 2018, representing a growth of approximately 16.3%[44]