TFE(SH:600237)2019-10-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 584.66% to CNY -20,767,567.41 for the first nine months of the year[6] - Operating income for the first nine months decreased by 6.78% to CNY 607,214,787.87 compared to the same period last year[6] - The company reported a net loss of CNY 247,016,915.35 as of September 30, 2019, compared to a loss of CNY 226,249,347.94 at the end of 2018[18] - Net profit for Q3 2019 was a loss of ¥6,988,875.27, compared to a loss of ¥1,491,389.66 in Q3 2018, indicating a significant increase in losses[25] - The total profit (loss) for Q3 2019 was -¥3,966,596.31, compared to a profit of ¥1,433,744.33 in Q3 2018[29] - The company reported a total profit loss of ¥7,401,951.42 in Q3 2019, compared to a loss of ¥1,907,349.78 in Q3 2018[25] Assets and Liabilities - Total assets decreased by 3.40% to CNY 1,841,229,756.34 compared to the end of the previous year[6] - Total liabilities decreased to CNY 567,802,162.71 from CNY 624,523,517.08, reflecting a decline of approximately 9.1%[18] - The company's equity attributable to shareholders decreased to CNY 1,224,228,683.87 from CNY 1,244,996,251.28, a reduction of about 1.6%[18] - Current assets totaled CNY 979,117,287.60, down from CNY 1,003,770,531.80 at the end of 2018, indicating a decrease of about 2.5%[16] - Non-current assets totaled CNY 862,112,468.74, down from CNY 902,256,248.90, indicating a decrease of about 4.4%[17] - The total assets of the company were ¥1,594,012,053.07 in Q3 2019, down from ¥1,716,090,677.34 in Q3 2018[21] Cash Flow - Cash flow from operating activities increased to CNY 61,628,515.89, a significant improvement from CNY -56,621,731.59 in the previous year[6] - The net cash flow from operating activities for the first three quarters of 2019 was ¥61.63 million, a significant improvement compared to a net outflow of ¥56.62 million in 2018[33] - The company reported a net cash flow from operating activities of ¥3.35 million for the third quarter of 2019, a decline from ¥36.22 million in the same quarter of 2018[35] - The cash and cash equivalents net increase for the third quarter of 2019 was -¥66.37 million, compared to -¥132.84 million in the same quarter of 2018, indicating an improvement in cash flow management[33] Expenses and Costs - The company reported a significant increase in asset impairment losses of 150.28% to CNY 11,587,292.64 compared to the same period last year[11] - The company experienced a 6,001.35% increase in non-operating expenses, primarily due to quality compensation[12] - Total operating costs for Q3 2019 were ¥197,982,204.96, down from ¥201,799,986.58 in Q3 2018, reflecting a decrease of 1.91%[24] - Research and development expenses for the first three quarters of 2019 were ¥18,571,942.33, an increase from ¥17,884,821.52 in the same period of 2018[24] - Research and development expenses for Q3 2019 were ¥2,135,952.32, down from ¥5,571,773.70 in Q3 2018, indicating a reduction in R&D investment[28] Future Outlook - Future outlook includes a focus on market expansion and potential new product development to drive revenue growth[24]