TYPICAL(SH:600302)2019-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 418,696,952.33, a decline of 19.53% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 72,496,490.34, compared to a loss of CNY 33,437,626.71 in the same period last year[6] - The weighted average return on net assets decreased by 3.23 percentage points to -6.03%[6] - Total operating revenue for Q3 2019 was CNY 36,462,137.28, a decrease of 41.3% compared to CNY 62,132,832.36 in Q3 2018[27] - Net profit for Q3 2019 was CNY -9,625,140.13, compared to CNY -2,064,180.43 in Q3 2018, reflecting a significant increase in losses[29] - The company reported a total profit loss of ¥73,697,855.45 for the first three quarters of 2019, compared to a loss of ¥28,570,517.25 in the same period of 2018[25] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 103,977,298.06, compared to a net outflow of CNY 99,920,672.21 in the previous year[6] - Cash inflow from investment activities totaled 536,129,657.76 RMB, up from 408,863,167.98 RMB in the previous year, representing an increase of about 31.1%[34] - The net cash flow from operating activities for the first three quarters of 2019 was -114,665,020.39 RMB, compared to -87,241,839.30 RMB in the same period of 2018, indicating a decline of approximately 31.5%[34] - The company reported a total cash outflow of -139,932,845.45 RMB for the period, compared to -98,961,852.78 RMB in the previous year, reflecting a decline of approximately 41.3%[35] Assets and Liabilities - Total assets decreased by 8.11% to CNY 1,561,255,150.96 compared to the end of the previous year[6] - Total current assets decreased from 1,343,661,093.35 RMB to 1,217,075,581.05 RMB, a decline of approximately 9.38%[15] - Total liabilities decreased from 382,380,612.66 RMB to 316,810,359.50 RMB, a decline of approximately 17.2%[17] - Total equity decreased from 1,316,709,474.17 RMB to 1,244,444,791.46 RMB, a reduction of about 5.5%[17] - The company’s total assets as of Q3 2019 were ¥1,272,217,989.13, down from ¥1,389,091,052.85 in the previous year[21] Shareholder Information - The number of shareholders at the end of the reporting period was 17,628[8] - The total equity as of Q3 2019 was ¥1,129,705,973.26, a decrease from ¥1,195,475,536.83 in the previous year[21] Strategic Initiatives - The company is planning a strategic cooperation with Jack Sewing Machine Co., Ltd. for industrial sewing machine business[11] - The company anticipates a potential cumulative net loss for the year if revenue targets are not exceeded in the fourth quarter[12] Income and Expenses - The company reported a significant increase in other income, which rose by 180.43% to CNY 2,929,134.63 due to increased government subsidies[10] - Research and development expenses for the first three quarters of 2019 were ¥26,995,627.52, an increase of 26.1% compared to ¥21,358,866.72 in the same period of 2018[24] - The company’s sales expenses for Q3 2019 were ¥16,786,401.82, an increase from ¥15,169,598.64 in Q3 2018[24] - The company incurred a financial expense of CNY -256,728.86 in Q3 2019, compared to CNY -524,640.27 in Q3 2018[27]