GZRS(SH:600367)2019-10-22 16:00Financial Performance - Operating income for the first nine months decreased by 0.43% to CNY 1,144,552,271.78 compared to the same period last year[8]. - Net profit attributable to shareholders decreased by 41.72% to CNY 58,141,237.62 compared to the same period last year[8]. - Basic earnings per share decreased by 41.18% to CNY 0.20 compared to the same period last year[8]. - The weighted average return on equity decreased by 3.80 percentage points to 4.46% compared to the same period last year[8]. - Total operating revenue for Q3 2019 was CNY 134,469,712.84, down from CNY 186,407,781.09 in Q3 2018, indicating a decrease of about 28%[40]. - Net profit for Q3 2019 was CNY 16,631,720.08, down 57.0% from CNY 38,789,525.58 in Q3 2018[37]. - The total profit for the first three quarters of 2019 was CNY 78,610,494.28, compared to CNY 134,085,003.17 in the same period of 2018, indicating a decline of 41.5%[37]. - The net profit for the first three quarters of 2019 was CNY 35,325,847.89, compared to CNY 73,517,101.74 in the same period of 2018, a decline of approximately 52%[41]. - The total profit for Q3 2019 was CNY 11,949,702.64, down from CNY 31,002,403.77 in Q3 2018, reflecting a decrease of approximately 61.4%[41]. Cash Flow - Net cash flow from operating activities increased by 15.36% to CNY 92,209,807.51 compared to the same period last year[8]. - Cash flow from operating activities for the first nine months was CNY 92,209,807.51, an increase from CNY 79,931,234.61 year-on-year[44]. - Cash inflow from operating activities totaled CNY 786,790,054.16, while cash outflow was CNY 694,580,246.65, resulting in a net cash flow of CNY 92,209,807.51[44]. - Investment activities generated a net cash outflow of CNY 25,878,884.07, improving from a net outflow of CNY 40,364,394.81 in the previous year[45]. - Financing activities produced a net cash inflow of CNY 37,248,785.71, compared to a net outflow of CNY 60,770,149.60 in the same period last year[45]. - The ending cash and cash equivalents balance was CNY 429,006,770.53, up from CNY 246,725,604.44 at the end of the previous year[45]. Assets and Liabilities - Total assets increased by 8.64% to CNY 2,062,143,251.59 compared to the end of the previous year[8]. - Total liabilities reached ¥656,737,513.28, compared to ¥549,199,729.10, which is an increase of around 19.6%[27]. - The company reported a decrease in accounts payable from ¥268,054,056.57 to ¥227,690,033.54, a reduction of approximately 15%[27]. - Total current liabilities were 265,413,020.59, with accounts payable at 83,431,932.39[58]. - The company’s retained earnings stood at 479,220,548.51 CNY, contributing to the overall equity position[52]. Shareholder Information - The total number of shareholders at the end of the reporting period was 31,659[12]. - The largest shareholder, Qingdao Hongxing Chemical Group Co., Ltd., holds 35.25% of the shares[12]. Other Income and Expenses - Non-operating income for the first nine months totaled CNY 2,906,211.69, with significant contributions from government subsidies and asset disposals[11]. - The company experienced a decrease in other income by 63.92% to CNY 1,486,007.16 compared to CNY 4,118,424.74 in the previous year[17]. - The company reported a loss from the disposal of non-current assets amounting to CNY 746,563.74 during the reporting period[9]. - The company’s financial expenses decreased significantly, with a reported figure of CNY -286,356.15 compared to CNY -5,434,971.18 in the previous year[17]. Strategic Plans - The company plans to optimize its industrial layout and resource allocation by transferring its stake in Qingdao Hongxing Material Co., Ltd.[19]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[42].