HAINANYEDAO(SH:600238)2019-10-29 16:00Financial Performance - Operating revenue increased by 64.80% to CNY 572,956,463.20 for the period from January to September compared to the same period last year[6]. - Net profit attributable to shareholders was a loss of CNY 129,984,598.80, an improvement from a loss of CNY 162,862,988.31 in the same period last year[6]. - The weighted average return on net assets improved by 6.35 percentage points to -17.72%[7]. - Basic and diluted earnings per share were both CNY -0.29, an improvement from CNY -0.36 in the same period last year[7]. - The company reported a net loss of ¥36,361,317.30, a significant decline from a profit of ¥93,623,281.50 in the previous year[16]. - The company reported a net loss of ¥57,434,972.59 for Q3 2019, compared to a net loss of ¥46,350,916.24 in Q3 2018, representing an increase in loss of approximately 23.5% year-over-year[37]. - The company reported a total comprehensive loss of -14,314,947.08 RMB for Q3 2019, compared to -24,168,247.95 RMB in Q3 2018, indicating a year-over-year improvement of approximately 40.5%[41]. Assets and Liabilities - Total assets decreased by 11.14% to CNY 1,301,103,944.50 compared to the end of the previous year[6]. - The company's cash and cash equivalents decreased by 51.06% to ¥95,944,309.67 from ¥196,064,260.28 year-over-year[16]. - The company's current assets totaled CNY 761,352,873.29, down from CNY 924,298,681.18 in December 2018, indicating a decline of approximately 17.6%[27]. - Total liabilities decreased to CNY 629,175,139.87 from CNY 665,085,585.28, a reduction of about 5.4%[28]. - Total assets as of Q3 2019 were ¥1,622,321,372.80, down from ¥1,700,567,338.51 in the previous year[33]. - Total liabilities decreased to ¥492,914,383.09 from ¥508,101,945.52 year-over-year[33]. - The company reported a short-term loan of CNY 49,310,504.86, significantly increased from CNY 12,000,000.00[28]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 167,103,215.97, an improvement from a net outflow of CNY 259,913,840.81 in the same period last year[6]. - The net cash flow from operating activities improved by 35.69% to -¥167,103,215.97 from -¥259,913,840.81 year-over-year[17]. - The cash inflow from financing activities for the first nine months of 2019 was 50,824,567.06 RMB, a significant recovery from -321,126,908.72 RMB in the same period of 2018[45]. - The total cash outflow from operating activities for the first nine months of 2019 was 885,480,719.51 RMB, down from 1,148,423,954.94 RMB in the same period of 2018, reflecting a decrease of about 22.9%[44]. Shareholder Information - The total number of shareholders was 15,717 at the end of the reporting period[12]. - The largest shareholder, Beijing Dongfang Junsheng Investment Management Co., Ltd., held 20.84% of the shares, with 93,410,473 shares frozen[12]. - The equity attributable to shareholders decreased to CNY 668,320,402.94 from CNY 798,428,470.48, indicating a decline of approximately 16.3%[29]. Research and Development - Research and development expenses increased by 54.37% to ¥4,247,600.05, indicating a focus on new product development[17]. - R&D expenses for Q3 2019 amounted to ¥1,285,839.35, an increase from ¥861,380.04 in Q3 2018[36]. Market Position and Acquisitions - The company acquired an 85% stake in Hainan Pengshen Investment Management Co., which includes its subsidiary Hainan Sports Lottery Sales Operation Co., enhancing its market position[17]. Operational Costs - Operating costs rose by 92.59% to ¥499,329,486.07, reflecting increased costs associated with higher sales volume[16]. - Total operating costs for Q3 2019 were ¥247,150,986.74, compared to ¥99,283,592.39 in Q3 2018[36]. - Operating costs included ¥183,737,919.98 in operating expenses, up from ¥43,185,763.03 in the same period last year[36].