ST曙光(600303) - 2019 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY -87,603,189.22, a significant decline from CNY -30,802,267.74 in the same period last year[7]. - Operating revenue for the first nine months was CNY 2,023,895,830.99, down 9.68% year-on-year[7]. - Basic earnings per share were CNY -0.13, compared to CNY -0.05 in the same period last year[7]. - Operating revenue for the period decreased by CNY 216,833,937.00, a decline of 9.68%, primarily due to reduced sales of pickup truck products[15]. - Total operating revenue for Q3 2019 reached ¥882,364,873.89, a significant increase of 62.9% compared to ¥541,598,961.84 in Q3 2018[27]. - Net profit for Q3 2019 was ¥3,561,026.45, a recovery from a net loss of ¥49,099,120.74 in Q3 2018[28]. - The company reported a total profit of ¥5,053,707.59 for Q3 2019, compared to a loss of ¥40,698,314.96 in Q3 2018[28]. - The company reported a total operating cost of ¥65,196,739.15 in Q3 2019, down 37.2% from ¥103,488,664.87 in Q3 2018[32]. - The total profit for Q3 2019 was a loss of ¥20,422,374.63, compared to a loss of ¥7,836,102.11 in Q3 2018, reflecting a significant decline in profitability[32]. Cash Flow - Net cash flow from operating activities was CNY -78,729,087.06, a decrease of 169.57% compared to CNY 113,162,169.56 in the previous year[7]. - Net cash flow from operating activities decreased by CNY 191,891,256.62, mainly due to a decline in sales volume and cash received from sales[17]. - Total cash inflow from operating activities for the first three quarters of 2019 was CNY 1,661,578,184.98, a decrease of 20.4% compared to CNY 2,088,055,720.17 in the same period of 2018[34]. - Net cash outflow from operating activities was CNY -78,729,087.06, compared to a net inflow of CNY 113,162,169.56 in the first three quarters of 2018[34]. - Cash inflow from investment activities was CNY 969,919.55, significantly lower than CNY 369,775,172.65 in the previous year, resulting in a net cash outflow of CNY -19,942,423.16[35]. - Cash inflow from financing activities totaled CNY 298,076,542.90, down from CNY 332,742,888.09 in the same period last year, with a net cash outflow of CNY -67,125,962.12[35]. - The company experienced a significant decline in cash flow across all activities, indicating potential challenges in operational efficiency and financial management[34][35][37]. Assets and Liabilities - Total assets decreased by 6.42% to CNY 5,989,079,247.50 compared to the end of the previous year[7]. - Total liabilities decreased from CNY 3,363,089,700.77 in 2018 to CNY 3,041,509,224.09 in Q3 2019, a reduction of approximately 9.55%[24]. - Current liabilities totaled CNY 2,310,845,542.97 in Q3 2019, down from CNY 2,519,497,976.30 in 2018, representing a decrease of about 8.27%[24]. - Non-current liabilities decreased from CNY 843,591,724.47 in 2018 to CNY 730,663,681.12 in Q3 2019, a decline of approximately 13.36%[24]. - Total current assets amounted to CNY 2,661,745,991.90 as of December 31, 2018[39]. - Total non-current assets reached CNY 3,737,874,626.64 as of the third quarter of 2019[40]. - Total assets were CNY 6,399,620,618.54, with total liabilities at CNY 3,363,089,700.77, resulting in total equity of CNY 3,036,530,917.77[41]. Shareholder Information - The number of shareholders reached 63,847, with the top ten shareholders holding a combined 38.10% of shares[10]. - Total equity decreased from CNY 3,036,530,917.77 in 2018 to CNY 2,947,570,023.41 in Q3 2019, a reduction of approximately 2.93%[24]. - Unappropriated profits decreased from CNY 907,389,393.09 in 2018 to CNY 864,110,642.69 in Q3 2019, a decline of about 4.77%[26]. Expenses - Operating costs decreased by CNY 134,230,025.77, a decline of 7.16%, mainly attributed to the decrease in sales volume and revenue from pickup truck products[15]. - Sales expenses decreased by CNY 22,199,228.50, a decline of 21.11%, primarily due to reduced sales volume and lower freight and delivery costs[15]. - Management expenses decreased by CNY 14,367,200.54, a decline of 7.58%, mainly due to a reduction in wages and related expenses[16]. - Financial expenses decreased by CNY 6,595,455.73, a decline of 15.65%, primarily due to reduced interest expenses from decreased bank borrowings[16]. - Research and development expenses for Q3 2019 amounted to ¥16,804,421.94, slightly up from ¥16,098,002.22 in Q3 2018[27]. - Research and development expenses increased to ¥3,370,909.53 in Q3 2019, up 69.5% from ¥1,983,680.07 in Q3 2018[32]. Future Outlook - The company plans to enhance its market expansion strategies and invest in new product development in the upcoming quarters[29].