TCICL(SH:600281)2019-10-29 16:00Financial Performance - Operating revenue decreased by 40.35% to CNY 318,889,783.95 for the first nine months compared to the same period last year[6] - Net profit attributable to shareholders was a loss of CNY 32,388,428.32, showing an improvement from a loss of CNY 34,543,528.06 in the previous year[6] - Cash flow from operating activities was negative at CNY -193,367,725.47, compared to CNY -14,932,741.06 in the same period last year[6] - The company reported a net loss of CNY 743,060,911.39, compared to a loss of CNY 710,672,483.07 in the previous year, indicating a worsening financial position[18] - Total operating revenue for Q3 2019 was ¥118,365,203.73, a decrease of 45.4% compared to ¥216,315,094.51 in Q3 2018[26] - Net profit for Q3 2019 was a loss of ¥8,532,882.60, compared to a profit of ¥1,270,271.18 in Q3 2018[28] - The company reported a gross profit margin of approximately -6.0% for Q3 2019, compared to a positive margin in Q3 2018[26] - Total comprehensive income for Q3 2019 was -8,687.54 million RMB, compared to 1,363.54 million RMB in Q3 2018, indicating a substantial decrease[34] Assets and Liabilities - Total assets increased by 8.26% to CNY 1,245,219,375.52 compared to the end of the previous year[6] - The company's total liabilities reached CNY 840,841,850.36, compared to CNY 713,455,758.97 in the previous year, indicating a significant increase in liabilities[18] - Total current assets were reported at CNY 390,602,267.41, up from CNY 304,463,854.19 as of December 31, 2018, reflecting a growth of approximately 28.3%[16] - The company's total equity attributable to shareholders decreased to CNY 404,377,525.16 from CNY 436,765,953.48, a decline of approximately 7.4%[18] - The current liabilities increased to CNY 638,141,850.36 from CNY 510,755,758.97, reflecting a rise of about 24.9%[18] - Total liabilities rose to ¥762,809,472.25 in Q3 2019, up from ¥680,663,847.94 in Q3 2018, indicating an increase of 12.1%[24] - The company's total equity decreased to ¥396,130,198.44 in Q3 2019 from ¥437,311,833.23 in Q3 2018, a decline of 9.4%[24] Cash Flow - In the first three quarters of 2019, the company's cash inflow from operating activities was CNY 297,025,685.81, a decrease of 56.8% compared to CNY 688,557,609.12 in the same period of 2018[36] - The net cash flow from operating activities was -CNY 193,367,725.47, worsening from -CNY 14,932,741.06 in the previous year[36] - Cash inflow from financing activities totaled CNY 363,000,000.00, significantly higher than CNY 12,000,000.00 in the same period of 2018[39] - The net cash flow from financing activities was CNY 66,054,437.62, compared to -CNY 44,372,172.04 in the previous year[36] - The company reported a significant decrease in cash received from sales of goods and services, totaling CNY 223,402,535.85, down 55.8% from CNY 504,898,557.71 in the previous year[36] Inventory and Receivables - Accounts receivable increased by 123.50% to CNY 84,127,757.92, primarily due to an increase in receivables from precious metals[13] - Inventory rose by 34.32% to CNY 59,128,138.45, mainly due to an increase in raw materials for precious metals[13] - Prepayments surged by 949.56% to CNY 136,620,264.81, attributed to increased advance payments for raw materials and trade[13] - Inventory levels rose to CNY 59,128,138.45, compared to CNY 44,021,728.22, marking an increase of about 34.3%[16] Earnings Per Share - Basic and diluted earnings per share were both CNY -0.0630, compared to CNY -0.0672 in the previous year[7] - Basic and diluted earnings per share for Q3 2019 were both -0.0166 RMB, compared to 0.0026 RMB in Q3 2018, reflecting a negative shift[30] Future Outlook - Future outlook includes a focus on cost reduction and potential market expansion strategies to improve profitability[25]