CAHIC(SH:600195)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 19.58% to CNY 271,830,634.20 year-on-year[17]. - Operating revenue for the first nine months decreased by 7.47% to CNY 2,954,848,168.40 compared to the same period last year[17]. - Basic earnings per share decreased by 19.58% to CNY 0.3227 compared to the same period last year[17]. - The weighted average return on equity decreased by 2.22 percentage points to 6.63%[17]. - Total operating revenue for Q3 2019 was approximately ¥1.12 billion, a decrease of 13.7% compared to ¥1.30 billion in Q3 2018[47]. - Net profit for Q3 2019 was approximately ¥126.60 million, a decrease of 20.9% from ¥159.92 million in Q3 2018[51]. - The total profit for the first three quarters of 2019 was ¥277,833,583.75, a decrease of 21.3% compared to ¥353,000,880.64 in the same period of 2018[56]. - The company reported a total comprehensive income of approximately ¥136.50 million in Q3 2019, compared to ¥178.80 million in Q3 2018[53]. Cash Flow and Liquidity - Net cash flow from operating activities for the first nine months was negative at CNY -300,658,372.63, a decline of 74.82% year-on-year[17]. - The company's cash flow from operating activities showed a net outflow of ¥300,658,372.63 in the first three quarters of 2019, compared to a net outflow of ¥171,984,218.74 in the same period of 2018[62]. - The ending balance of cash and cash equivalents was 220,035,896.75 RMB, down from 127,871,069.75 RMB year-over-year, reflecting liquidity challenges[66]. - The company reported a net increase in cash and cash equivalents of -370,792,846.57 RMB, compared to -204,040,763.61 RMB in the previous year, highlighting ongoing cash flow issues[66]. Assets and Liabilities - Total assets decreased by 14.82% to CNY 5,828,437,347.11 compared to the end of the previous year[17]. - Cash and cash equivalents decreased by 54.45% to RMB 382,980,852.14 from RMB 840,816,325.23, primarily due to repayments of company debts and operational expenses[25]. - Accounts receivable increased by 202.33% to RMB 787,270,078.76 from RMB 260,402,594.01, mainly due to an increase in receivables during the reporting period[25]. - Total current liabilities decreased from 2,300,810,341.49 to 1,120,163,346.27, a reduction of approximately 51%[37]. - Total liabilities decreased from 2,357,640,357.56 to 1,178,142,467.56, representing a decrease of approximately 50%[37]. - Total equity increased from 4,485,140,721.49 to 4,650,294,879.55, an increase of about 3.7%[37]. Investment and Development - The company has increased its investment in construction projects, with construction in progress rising by 139.05% to RMB 242,936,846.17 from RMB 101,627,478.60[25]. - Investment income cash received increased by 100.47% to RMB 106,400,828.00 from RMB 53,076,436.40, mainly due to increased dividends from affiliated companies[27]. - The company received 112,954,734.63 RMB in investment income, up from 53,076,436.40 RMB year-over-year, reflecting improved investment returns[66]. Shareholder Information - The total number of shareholders at the end of the reporting period was 31,500[22]. - The largest shareholder, China Animal Husbandry Group Co., Ltd., holds 49.91% of the shares[22]. Research and Development - Research and development expenses increased to approximately ¥42.28 million in Q3 2019, up 44.7% from ¥29.22 million in Q3 2018[47]. - Research and development expenses increased significantly to ¥32,034,253.01 in Q3 2019, up 118.5% from ¥14,664,830.61 in Q3 2018[56]. Other Financial Metrics - Non-recurring gains and losses totaled CNY 3,137,902.02 for the first nine months[19]. - The company has not disclosed any new product or technology developments in this report[17].