YCIG(SH:600345)2019-10-30 16:00Financial Performance - Operating revenue for the first nine months rose by 15.05% to CNY 137,642,521.42 year-on-year[5] - Net profit attributable to shareholders decreased by 52.27% to CNY 102,888,872.57 compared to the same period last year[5] - Basic earnings per share fell by 52.29% to CNY 0.52 from CNY 1.09 in the previous year[5] - The company's net profit for Q3 2019 was approximately 32.31 million, a decrease from 71.71 million in the same quarter last year, representing a decline of about 55.1%[22] - The company's operating profit for Q3 2019 was 32.31 million, down from 72.29 million in Q3 2018, reflecting a decrease of about 55.2%[22] - The total comprehensive income for Q3 2019 was 32.31 million, down from 70.52 million in Q3 2018, representing a decrease of about 54.3%[23] - The company reported a net profit margin improvement, with net profit for the first three quarters of 2019 showing a positive trend compared to the previous year[21] Assets and Liabilities - Total assets increased by 2.15% to CNY 2,058,699,317.75 compared to the end of the previous year[5] - Total assets as of September 30, 2019, amounted to CNY 2,058,699,317.75, compared to CNY 2,015,466,223.46 at the end of 2018[15] - The total liabilities decreased to ¥49,729,420.10 from ¥78,616,012.16, a reduction of 36.8%[19] - The total current liabilities were CNY 72,437,567.17, indicating a manageable short-term financial position[39] - The total owner's equity reached CNY 1,958,886,644.56, showcasing a strong equity base[40] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 34,829,100.27, worsening by 8.38% year-on-year[5] - The net cash flow from operating activities for the first three quarters of 2019 was -CNY 34,829.10 million, compared to -CNY 32,134.70 million in the same period of 2018[30] - The company reported a decrease in cash received from operating activities, with only 13,560,477.37 RMB received compared to 27,352,574.75 RMB in the previous year[32] - The cash flow from financing activities for Q3 2019 was -91,506,166.72 RMB, slightly worse than -90,319,031.22 RMB in Q3 2018[33] Inventory and Receivables - Accounts receivable increased by 57.51% to CNY 111,504,675.00 compared to the previous period[11] - Inventory surged by 128.81% to CNY 30,028,282.92 compared to the previous period[11] - Accounts receivable increased by 57.51% compared to the beginning of the period, mainly due to the increased proportion of smart transportation business and extended payment terms[12] - Inventory increased by 128.81% compared to the beginning of the period, mainly due to an increase in shipped goods that are yet to be accepted[12] Research and Development - Development expenditures increased by 539.29% compared to the beginning of the period, reflecting increased investment in research and development[12] - Research and development expenses for the first three quarters of 2019 were ¥1,841,391.91, compared to ¥617,375.95 in the same period of 2018, indicating a significant increase[21] - Research and development expenses for the first three quarters of 2019 amounted to CNY 625,247.19 million, indicating ongoing investment in innovation[26] Financial Adjustments and Impairments - Financial expenses decreased by 415.62% compared to the same period last year, mainly due to increased bank wealth management income[12] - The company incurred financial expenses of -CNY 3,165.53 million in the first three quarters of 2019, compared to -CNY 1,888.99 million in the same period of 2018[26] - The company has fully recognized impairment losses on certain financial assets, with a balance of zero for those assets[39] Tax and Other Expenses - Income tax expenses decreased by 82.50% compared to the same period last year, mainly due to a reduction in the scope of consolidation following the disposal of a subsidiary[12] - The company reported a significant increase in tax and additional expenses, totaling CNY 412,193.53 million for the first three quarters of 2019, compared to CNY 418,806.17 million in the same period of 2018[26]