SAC(SH:600268)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY -99,302,925.12, compared to CNY -23,572,097.83 in the same period last year[9]. - Operating revenue for the period was CNY 2,925,829,484.44, representing a year-on-year increase of 2.32%[9]. - The weighted average return on net assets was -4.32%, compared to -1.03% in the same period last year[9]. - Basic earnings per share were CNY -0.14, compared to CNY -0.03 in the same period last year[9]. - The company reported a net profit attributable to shareholders of -¥99,302,925.12, a decline of 321.27% compared to -¥23,572,097.83 in the previous year[16]. - Investment income showed a significant drop of 107.89%, resulting in a loss of -¥10,590,623.97 compared to a profit of ¥134,205,840.72 last year[16]. - The company reported a net profit margin decline, with undistributed profits dropping to ¥9,689,143.62 from ¥132,340,161.10, a decrease of approximately 92.7%[32]. - The company reported a total profit of CNY 84,055,131.64 for Q3 2019, compared to CNY 62,608,546.15 in Q3 2018, marking an increase of approximately 34.4%[39]. Cash Flow - The net cash flow from operating activities was CNY -310,523,552.40, worsening from CNY -176,476,400.51 in the previous year[9]. - Cash inflow from operating activities totaled CNY 2,966,275,517.51, down from CNY 3,120,128,143.34 in the previous year, representing a decline of approximately 4.9%[47]. - Cash inflow from investment activities was CNY 316,801,350.46, slightly up from CNY 306,200,000.00 in the previous year[47]. - The net cash flow from financing activities was -CNY 527,586,191.44, an improvement from -CNY 596,370,733.72 in the same period last year[47]. - The ending cash and cash equivalents balance was CNY 493,539,724.86, compared to CNY 323,086,440.01 at the end of the previous year, showing an increase of approximately 53%[47]. - The company reported a decrease in cash received from sales of goods and services to CNY 2,788,744,390.57 from CNY 2,914,891,956.61 in the previous year, a decline of about 4.3%[46]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,575,210,700.86, a decrease of 6.42% compared to the end of the previous year[9]. - The company’s cash and cash equivalents decreased by 50.10% to ¥536,152,260.27 from ¥1,074,525,392.73[14]. - Total liabilities decreased to ¥5,723,001,678.60 from ¥6,138,424,085.68, a reduction of about 6.8%[32]. - Long-term borrowings significantly decreased to ¥146,000,000.00 from ¥592,000,000.00, a decline of approximately 75.3%[32]. - Shareholders' equity decreased to ¥2,852,209,022.26 from ¥3,024,648,250.24, reflecting a decrease of about 5.7%[32]. - Total current assets amounted to CNY 6,495,752,701.34[51]. - Total non-current assets reached CNY 2,667,319,634.58[51]. - Total liabilities reached CNY 6,138,424,085.68[52]. Shareholder Information - The total number of shareholders at the end of the reporting period was 54,003[12]. - The largest shareholder, Huadian Group Nanjing Electric Automation Equipment Co., Ltd., held 54.55% of the shares[12]. Legal Matters - The company is involved in a legal dispute regarding a contract worth ¥9,440,500.00 with Shanghai Guangda Information Technology Co., Ltd.[19]. - The company is involved in multiple legal disputes, including a claim for 19.078231 million yuan and a penalty of 3.05235 million yuan against Tibet Zhili Engineering Construction Co., Ltd. due to contract disputes[21]. - A lawsuit against Jiangsu Nantong Sanjian Group Co., Ltd. involves a claim for 1.74216 million yuan in penalties and 4.77216 million yuan in damages, with the total amount in dispute reaching 31.99298675 million yuan[21]. - The company has initiated arbitration against Mengyin Dexin Xinyuan Thermal Power Co., Ltd. for 4.790244 million yuan in project payments and 586,200 yuan in quality assurance fees[21]. - A lawsuit against Anhui Jiantuo New Energy Technology Co., Ltd. involves a claim for 32.5125 million yuan in overdue project payments[23]. - The company has a pending arbitration case against Taizhou Zhongdian Energy Co., Ltd. for equipment and project payments totaling 83.6707388 million yuan[23]. - The company has received a civil judgment for a claim of 27.3265 million yuan against Dunhuang City Clean Energy Development Co., Ltd. for project payments[23]. Research and Development - The company’s research and development expenses increased by 49.45% to ¥92,254,160.87 from ¥61,730,860.19[14]. - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[31]. - Research and development expenses for Q3 2019 were CNY 59,855,709.58, a decrease from CNY 69,007,388.99 in Q3 2018, showing a reduction of about 13.5%[37]. - Research and development expenses for Q3 2019 were approximately ¥7.46 million, down from ¥8.38 million in Q3 2018, reflecting a reduction of about 11%[42]. Other Financial Information - The company reported a total of CNY 36,254,242.88 in non-recurring gains and losses for the year-to-date[10]. - Non-operating income for the period included CNY 3,330,835.25 from government subsidies closely related to normal business operations[10]. - The company has a deferred tax asset of approximately ¥72 million, which may provide future tax benefits[58]. - The implementation of new financial instrument standards has led to reclassification of certain financial assets, impacting the financial statements[60].