SDWH(SH:600241)2019-10-29 16:00Financial Performance - Operating revenue for the period was CNY 323,737,242.97, representing a decline of 52.44% year-on-year[7] - Net profit attributable to shareholders was a loss of CNY 3,092,605.86, compared to a loss of CNY 31,845,959.96 in the same period last year[7] - The weighted average return on net assets was -0.25%, down from -2.24% in the previous year[8] - The company anticipates a potential net loss attributable to shareholders for the year due to expected non-profitability from its forestry subsidiary and Jiuyi Lithium Energy[25] - The company reported a net loss of ¥169,041,369.67, compared to a loss of ¥165,948,763.81 in the previous period, indicating a slight increase in losses[32] - The net profit for Q3 2019 was ¥15,613,906.16, compared to ¥33,979,791.79 in Q3 2018, reflecting a decrease of 54.9%[46] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 6,873,500.08, compared to an outflow of CNY 136,817,973.12 in the same period last year[7] - Net cash flow from operating activities improved to -CNY 6,873,500.08 in 2019 from -CNY 136,817,973.12 in 2018[19] - The cash inflow from investment activities in the first three quarters of 2019 was CNY 384,926,220.41, significantly higher than CNY 144,809,492.74 in 2018, marking a 165.5% increase[49] - The net cash flow from investment activities for the first three quarters of 2019 was CNY 123,279,145.45, compared to -CNY 295,765,355.54 in the same period of 2018[49] - The ending cash and cash equivalents balance as of the end of Q3 2019 was CNY 143,600,524.31, down from CNY 279,373,328.22 at the end of Q3 2018[49] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,745,246,296.68, a decrease of 6.49% compared to the end of the previous year[7] - Total current assets as of September 30, 2019, amounted to ¥677,020,120.68, a decrease from ¥821,342,156.04 as of December 31, 2018, representing a decline of approximately 17.5%[30] - Total liabilities decreased to ¥516,502,238.00 from ¥621,237,803.15, a reduction of about 16.9%[32] - The company's total assets as of September 30, 2019, were ¥1,745,246,296.68, down from ¥1,866,448,716.59, reflecting a decrease of about 6.5%[32] - Total liabilities reached CNY 621,237,803.15, with current liabilities at CNY 475,679,217.30 and non-current liabilities at CNY 145,558,585.85[57] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,726[10] - The largest shareholder, Liaoning Times Wan Heng Holding Group Co., Ltd., held 48.63% of the shares, with 143,133,473 shares pledged[10] - Shareholders' equity totaled CNY 1,245,210,913.44, with total equity attributable to the parent company at CNY 1,258,290,854.68[57] Inventory and Prepayments - The company reported a significant increase in prepayments, which rose by 94.15% to CNY 21,573,111.77 due to increased material procurement[13] - Inventory increased by 45.85% to CNY 200,647,053.13, indicating a buildup of stock[13] - Prepayments increased due to higher advance sales payments received[16] - Inventory rose significantly to ¥200,647,053.13 from ¥137,572,872.20, marking an increase of around 45.8%[30] Investment Activities - Investment activities generated a net cash flow of CNY 123,279,145.45 in 2019, a significant increase from -CNY 295,765,355.54 in the same period of 2018[19] - The company repurchased a 40% stake in Rongcheng Forestry from the China-Africa Development Fund for a total of EUR 10.67 million, which is expected to increase profits by EUR 2.86 million (approximately CNY 22,325,700) for the year[22] Operating Costs and Revenue - Operating costs for the first three quarters of 2019 were CNY 256,748,654.88, down 54.57% from CNY 565,193,554.21 in the previous year[16] - Total operating revenue for Q3 2019 was ¥124,032,935.84, an increase from ¥102,777,772.98 in Q3 2018, representing a growth of approximately 20.5%[39] - Total operating costs for Q3 2019 were ¥143,982,198.97, compared to ¥116,069,455.67 in Q3 2018, indicating an increase of about 23.9%[39] - The company's operating revenue for Q3 2019 was ¥11,671,276.39, a 67.5% increase from ¥6,986,785.51 in Q3 2018[45]