鑫科材料(600255) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months dropped by 35.36% to CNY 2,776,999,317.04 year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 58,395,550.01, a decrease of 239.42% compared to the same period last year[6] - The weighted average return on equity decreased by 3.88 percentage points to -2.68%[6] - Basic and diluted earnings per share were both CNY -0.03, compared to CNY 0.02 in the same period last year[6] - The company's net profit attributable to the parent company for the first nine months of 2019 was ¥4,444.66 million, which is significantly below the promised performance of ¥16,900 million for the year 2019[19] - The company's cash received from sales of goods and services for the first nine months of 2019 was ¥2,995,360,230.72, a decrease of 49.60% compared to ¥5,942,615,650.19 in the same period last year, mainly due to a decline in sales volume[16] - The company reported a net loss of CNY 836,019,062.13 as of September 30, 2019, compared to a loss of CNY 777,623,512.12 at the end of 2018[26] - The net profit for Q3 2019 was a loss of ¥46,754,650.29, compared to a profit of ¥33,575,001.64 in Q3 2018[34] - The operating profit for the first three quarters of 2019 was a loss of ¥12,896,565.01, significantly better than a loss of ¥53,069,914.49 in the first three quarters of 2018[37] Assets and Liabilities - Total assets decreased by 8.90% to CNY 4,066,460,990.60 compared to the end of the previous year[6] - The company's total assets decreased by 31.27% to ¥486,626,418.42 in inventory compared to ¥708,057,735.19 in the previous year, primarily due to a reduction in ending inventory[15] - The total liabilities decreased to CNY 1,648,840,396.78 from CNY 2,025,893,316.40, reflecting a reduction of approximately 19%[26] - The company's equity attributable to shareholders decreased to CNY 2,158,549,392.29 from CNY 2,206,570,593.65, a decline of about 2%[26] - The total liabilities as of Q3 2019 amounted to ¥645,518,258.60, a decrease from ¥809,017,187.52 in the previous year[30] - The total equity for Q3 2019 was ¥2,046,847,639.86, slightly down from ¥2,059,979,331.25 in Q3 2018[30] - Current liabilities reached CNY 1,970,645,932.36, including short-term loans of CNY 262,550,060.00 and accounts payable of CNY 213,916,659.31[46] - Total liabilities were CNY 2,025,893,316.40, with non-current liabilities at CNY 55,247,384.04[47] Cash Flow - The net cash flow from operating activities decreased by 39.80% to CNY 164,589,535.79 for the first nine months[6] - The cash flow from operating activities for the first three quarters of 2019 was significantly impacted by a decline in sales revenue, which dropped to ¥257,666,809.87 from ¥494,428,988.30 in the previous year[42] - The company's cash flow from investing activities increased by 269.02% to ¥97,200,000.00 due to capital contributions to a subsidiary[17] - The company's cash flow from financing activities increased by 47.98% to ¥520,306,038.48, primarily due to an increase in the recovery of note deposits[17] - The total cash inflow from operating activities in the first three quarters of 2019 was ¥3,026,226,299.35, compared to ¥5,992,272,639.00 in the same period of 2018[39] - The net cash flow from operating activities for Q3 2019 was ¥3,798,616.82, significantly lower than ¥34,769,864.17 in Q3 2018, indicating a decline in operational efficiency[43] - The total cash inflow from financing activities in the first three quarters of 2019 was ¥332,587,997.86, down from ¥383,568,538.02 in the same period of 2018[43] Shareholder Information - The total number of shareholders at the end of the reporting period was 154,795[9] - The largest shareholder, Horgos Chuanshan Cultural Media Co., Ltd., held 10.00% of the shares[10] Legal and Compliance - The company has a pending lawsuit regarding the performance compensation agreement with the original shareholders of its subsidiary, which may adversely affect its 2019 performance if the promised profits are not achieved[18] - The company has not received any confirmation regarding the completion of share purchase commitments from Li Ruijin or related parties as of the report date[21] - There are no warnings regarding potential significant changes in cumulative net profit from the beginning of the year to the next reporting period[22] Research and Development - The company has not disclosed any new product developments or market expansion strategies in this report[11] - Research and development expenses for Q3 2019 were ¥16,726,680.62, a decrease of 28.7% from ¥23,435,087.43 in Q3 2018[33] Financial Reporting Standards - The company is subject to new financial instrument standards effective from January 1, 2019, impacting its financial reporting[47] - The company adopted the new financial instrument standards starting January 1, 2019, impacting specific accounts and amounts in the financial statements[52] - The company did not apply the retrospective adjustment for the new financial instrument standards and new leasing standards[53] - The audit report is not applicable for this period[53]