DRTG(SH:600329)2019-10-30 16:00markdown [Important Notice](index=3&type=section&id=%E4%B8%80%E3%80%81%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) This section provides crucial declarations regarding the accuracy and completeness of the quarterly report - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content, with no false records, misleading statements, or major omissions, and assume legal responsibility[4](index=4&type=chunk) - This company's Q3 2019 report is unaudited[4](index=4&type=chunk) [Company Profile](index=3&type=section&id=%E4%BA%8C%E3%80%81%20%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) This section provides an overview of the company's key financial performance and shareholder structure for the reporting period [Key Financial Data](index=3&type=section&id=2.1%20%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) The company reported increased revenue and net profit for Q1-Q3 2019, with a decrease in operating cash flow Key Financial Data for Q1-Q3 2019 | Indicator | Period-end (Jan-Sep) | Prior Period-end (Jan-Sep) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 5,177,476,235.18 Yuan | 4,688,805,155.48 Yuan | 10.42% | | Net Profit Attributable to Shareholders of Listed Company | 445,064,901.70 Yuan | 400,906,349.31 Yuan | 11.01% | | Net Cash Flow from Operating Activities | 274,326,200.18 Yuan | 327,732,391.30 Yuan | -16.30% | | Basic Earnings Per Share (Yuan/share) | 0.579 | 0.521 | 11.13% | | Weighted Average Return on Net Assets (%) | 8.77 | 8.67 | 增加 0.10 个百分点 | - At the end of the reporting period, the company's total assets were **7.554 billion Yuan**, a **6.32% increase** from the end of the previous year; net assets attributable to shareholders were **5.204 billion Yuan**, a **5.63% increase** from the end of the previous year[5](index=5&type=chunk) - In the first three quarters of 2019, the company's total non-recurring gains and losses amounted to **28.61 million Yuan**, primarily from disposal gains/losses on non-current assets and government subsidies[8](index=8&type=chunk)[9](index=9&type=chunk)[10](index=10&type=chunk) [Shareholder Information](index=6&type=section&id=2.2%20%E6%88%AA%E6%AD%A2%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E7%9A%84%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E3%80%81%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E3%80%81%E5%89%8D%E5%8D%81%E5%90%8D%E6%B5%81%E9%80%9A%E8%82%A1%E4%B8%9C%EF%BC%88%E6%88%96%E6%97%A0%E9%99%90%E5%94%AE%E6%9D%A1%E4%BB%B6%E8%82%A1%E4%B8%9C%EF%BC%89%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) The company's shareholder base and top five shareholders, including foreign entities, are detailed as of the reporting period end - As of the end of the reporting period, the total number of shareholders was **30,414**[11](index=11&type=chunk) Top Five Shareholders' Holdings | Shareholder Name | Shares Held at Period End (Shares) | Percentage (%) | | :--- | :--- | :--- | | Tianjin Pharmaceutical Group Co., Ltd. | 331,120,528 | 43.066 | | RAFFLES NOMINEES(PTE) LIMITED | 23,670,654 | 3.079 | | DBS NOMINEES PTE LTD | 22,101,186 | 2.874 | | PHILLIP SECURITIES PTE LTD | 19,372,100 | 2.520 | | ABN AMRO CLEARING BANK N.V. | 16,009,900 | 2.082 | [Preferred Shareholder Information](index=7&type=section&id=2.3%20%E6%88%AA%E6%AD%A2%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E3%80%81%E5%89%8D%E5%8D%81%E5%90%8D%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E3%80%81%E5%89%8D%E5%8D%81%E5%90%8D%E4%BC%98%E5%85%88%E8%82%A1%E6%97%A0%E9%99%90%E5%94%AE%E6%9D%A1%E4%BB%B6%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) The company confirms the absence of preferred shares or preferred shareholders at the end of the reporting period - The company has no preferred shares or preferred shareholders[12](index=12&type=chunk) [Significant Events](index=7&type=section&id=%E4%B8%89%E3%80%81%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section details significant changes in key financial statement items and indicators, along with other important matters during the reporting period [Analysis of Significant Changes in Key Financial Statement Items and Indicators](index=7&type=section&id=3.1%20%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E9%87%8D%E5%A4%A7%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) Significant changes occurred in key financial statement items and indicators across all primary financial statements Balance Sheet Key Item Changes | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Construction in Progress | -50% | Primarily due to construction in progress transferred to fixed assets | | Other Non-current Assets | 271% | Primarily due to increased prepaid engineering costs | | Short-term Borrowings | -79% | Primarily due to loan repayments | | Other Payables | 48% | Primarily due to increased intercompany payables | Income Statement Key Item Changes | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Administrative Expenses | 31% | Primarily due to increased employee compensation and repair/depreciation expenses | | R&D Expenses | 46% | Primarily due to increased R&D investment | | Financial Expenses | -260% | Primarily due to reduced interest expenses | | Asset Disposal Gains | 480% | Primarily due to increased gains from property disposal | | Non-operating Expenses | 410% | Primarily due to increased late payment fees | Cash Flow Statement Key Item Changes | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Net Cash Flow from Investing Activities | -158% | Primarily due to decreased net cash inflow from investment recovery and payments | | Net Cash Flow from Financing Activities | -90% | Primarily due to decreased net cash inflow from borrowings and debt repayments | [Other Significant Matters](index=8&type=section&id=3.2%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9%E8%BF%9B%E5%B1%95%E6%83%85%E5%86%B5%E5%8F%8A%E5%85%B6%E5%BD%B1%E5%93%8D%E5%92%8C%E8%A7%A3%E5%86%B3%E6%96%B9%E6%A1%88%E7%9A%84%E5%88%86%E6%9E%90%E8%AF%B4%E6%98%8E) No significant event progress, overdue commitments, or material changes in cumulative net profit were reported for the period - No significant event progress required explanation during the reporting period[16](index=16&type=chunk) - No overdue unfulfilled commitments during the reporting period[16](index=16&type=chunk) - The company has not issued any warning regarding significant changes in cumulative net profit from the beginning of the year to the end of the next reporting period[17](index=17&type=chunk) [Appendix](index=10&type=section&id=%E5%9B%9B%E3%80%81%20%E9%99%84%E5%BD%95) This appendix provides the company's unaudited financial statements and notes on accounting policy adjustments [Financial Statements](index=10&type=section&id=4.1%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the company's unaudited consolidated and parent company financial statements for Q3 2019 [Consolidated Balance Sheet](index=10&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) The consolidated balance sheet as of September 30, 2019, shows increases in total assets and parent company equity Consolidated Balance Sheet Key Items (September 30, 2019) | Item | Period-end Balance (Yuan) | Beginning-of-year Balance (Yuan) | | :--- | :--- | :--- | | Total Assets | 7,554,489,224.10 | 7,105,306,204.62 | | Total Liabilities | 2,216,636,257.37 | 2,050,909,485.76 | | Total Equity Attributable to Parent Company Owners | 5,204,215,584.17 | 4,926,990,477.02 | [Parent Company Balance Sheet](index=13&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) The parent company balance sheet as of September 30, 2019, details its total assets, liabilities, and owner's equity Parent Company Balance Sheet Key Items (September 30, 2019) | Item | Period-end Balance (Yuan) | Beginning-of-year Balance (Yuan) | | :--- | :--- | :--- | | Total Assets | 7,019,640,355.48 | 6,615,015,035.71 | | Total Liabilities | 1,834,428,409.38 | 1,719,684,091.49 | | Total Owner's Equity | 5,185,211,946.10 | 4,895,330,944.22 | [Consolidated Income Statement](index=15&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) The consolidated income statement for Q1-Q3 2019 reflects increases in total operating revenue and net profit Consolidated Income Statement Key Items (Jan-Sep 2019) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 5,177,476,235.18 | 4,688,805,155.48 | | Total Profit | 546,902,556.51 | 464,492,095.12 | | Net Profit Attributable to Shareholders of Listed Company | 445,064,901.70 | 400,906,349.31 | | Basic Earnings Per Share (Yuan/share) | 0.579 | 0.521 | [Parent Company Income Statement](index=18&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E5%88%A9%E6%B6%A6%E8%A1%A8) The parent company income statement for Q1-Q3 2019 shows growth in operating revenue and net profit Parent Company Income Statement Key Items (Jan-Sep 2019) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Operating Revenue | 4,450,887,116.27 | 3,986,826,236.19 | | Total Profit | 538,581,810.04 | 445,690,287.40 | | Net Profit | 457,720,796.43 | 396,441,421.21 | [Consolidated Cash Flow Statement](index=20&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) The consolidated cash flow statement for Q1-Q3 2019 indicates decreased operating cash flow and shifts in investing and financing Consolidated Cash Flow Statement Key Items (Jan-Sep 2019) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 274,326,200.18 | 327,732,391.30 | | Net Cash Flow from Investing Activities | -42,763,973.00 | 73,919,965.88 | | Net Cash Flow from Financing Activities | -346,382,176.96 | -182,590,743.05 | | Cash and Cash Equivalents at Period End | 1,340,246,116.38 | 1,194,175,438.28 | [Parent Company Cash Flow Statement](index=22&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) The parent company cash flow statement for Q1-Q3 2019 shows increased operating cash flow and a shift to net investing inflow Parent Company Cash Flow Statement Key Items (Jan-Sep 2019) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 266,300,814.55 | 238,998,246.81 | | Net Cash Flow from Investing Activities | 270,549,303.42 | -125,456,352.91 | | Net Cash Flow from Financing Activities | -372,662,274.66 | -172,186,677.16 | | Cash and Cash Equivalents at Period End | 1,157,319,117.75 | 805,213,268.17 | [Explanation of First-Time Adoption of New Lease Standards](index=23&type=section&id=4.2%20%E9%A6%96%E6%AC%A1%E6%89%A7%E8%A1%8C%E6%96%B0%E7%A7%9F%E8%B5%81%E5%87%86%E5%88%99%E8%B0%83%E6%95%B4%E9%A6%96%E6%AC%A1%E6%89%A7%E8%A1%8C%E5%BD%93%E5%B9%B4%E5%B9%B4%E5%88%9D%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%9B%B8%E5%85%B3%E9%A1%B9%E7%9B%AE%E6%83%85%E5%86%B5) New lease standards adopted January 1, 2019, led to adjustments in the opening balance sheet items - The company first adopted the new lease standards effective January 1, 2019, and adjusted relevant items in the opening financial statements[37](index=37&type=chunk) Impact of New Lease Standards on Opening Consolidated Financial Statements | Statement Item | Adjustment Amount (Yuan) | | :--- | :--- | | Right-of-use Assets | +5,232,758.83 | | Non-current Liabilities Due Within One Year | +1,178,034.25 | | Lease Liabilities | +4,054,724.58 | [Other Appendix Matters](index=28&type=section&id=4.3%20%E9%A6%96%E6%AC%A1%E6%89%A7%E8%A1%8C%E6%96%B0%E9%87%91%E8%9E%8D%E5%B7%A5%E5%85%B7%E5%87%86%E5%88%99%E3%80%81%E6%96%B0%E7%A7%9F%E8%B5%81%E5%87%86%E5%88%99%E8%BF%BD%E6%BA%AF%E8%B0%83%E6%95%B4%E5%89%8D%E6%9C%9F%E6%AF%94%E8%BE%83%E6%95%B0%E6%8D%AE%E7%9A%84%E8%AF%B4%E6%98%8E) The company did not retrospectively adjust prior comparative data, and this quarterly report remains unaudited - The company did not retrospectively adjust prior comparative data due to the adoption of new financial instruments and lease standards[45](index=45&type=chunk) - This quarterly financial report is unaudited[45](index=45&type=chunk)