AECC AST(SH:600391)2019-10-29 16:00Financial Performance - Operating revenue for the first nine months rose by 18.28% to CNY 1,649,031,692.55 compared to the same period last year[7]. - The net loss for the first three quarters of 2019 was CNY 41,711,229.18, compared to a loss of CNY 4,509,746.71 in the same period of 2018, reflecting a significant increase in losses[26]. - The net profit attributable to shareholders was a loss of CNY 20,312,348.23, an improvement from a loss of CNY 77,319,059.82 in the previous year[7]. - The company reported a total profit of CNY 458,908.93, with a net loss of CNY 86,028,369.18 for the third quarter[36]. - The total comprehensive income for the period was CNY 458,908.93, reflecting a significant loss compared to the previous year's loss of CNY 86,028,369.18[36]. Cash Flow - Cash flow from operating activities turned positive with a net amount of CNY 95,904,063.40, compared to a negative cash flow of CNY -46,834,492.32 in the previous year[7]. - The net cash flow from operating activities for the current period is 95,904,063.40 CNY, an increase of 304.77% year-on-year, primarily due to increased sales collections[15]. - Cash inflows from operating activities totaled CNY 1,774,905,857.15, while cash outflows were CNY 1,679,001,793.75[38]. - Operating cash inflow for the first three quarters of 2019 was CNY 1,499,263,936.03, an increase of 17.6% compared to CNY 1,274,788,156.42 in the same period of 2018[41]. - Net cash flow from operating activities reached CNY 95,667,054.77, significantly up from CNY 26,690,752.01 in the previous year, marking a growth of 258.5%[41]. Assets and Liabilities - Total assets increased by 7.32% to CNY 6,308,879,864.87 compared to the end of the previous year[7]. - The total liabilities as of September 30, 2019, amount to 4,528,828,363.18 CNY, compared to 4,096,338,228.53 CNY at the end of 2018[23]. - Current assets totaled CNY 3,810,289,332.01 as of September 30, 2019, up from CNY 3,378,065,027.42 at the end of 2018, marking an increase of approximately 12.8%[25]. - Non-current assets totaled CNY 1,372,850,912.20, a decrease from CNY 1,424,060,235.89 at the end of 2018, reflecting a decline of about 3.6%[25]. - The company’s total liabilities amounted to CNY 3,785,304,385.23, compared to CNY 3,373,017,014.71 at the end of 2018, reflecting an increase of approximately 12.2%[25]. Expenses - Management expenses increased by 42.29% to CNY 126,435,542.61 due to organizational adjustments and increased employee compensation[14]. - The operating expenses for the current period amount to 5,039,269.07 CNY, an increase of 2,616.62% year-on-year, mainly due to product quality loss recognized in negotiations with customers[15]. - The company reported R&D expenses of CNY 17,017,342.86 for Q3 2019, down from CNY 25,164,984.89 in Q3 2018, indicating a decrease of approximately 32.4%[28]. - Research and development expenses for Q3 2019 were CNY 5.04 million, a decrease from CNY 18.14 million in Q3 2018, indicating a reduction of approximately 72%[33]. - The company incurred credit impairment losses of CNY 9.92 million in Q3 2019, compared to CNY 1.20 million in the previous quarter[30]. Investments - The net cash flow from investing activities for the current period is -77,325,521.52 CNY, an increase in outflow of 45.16% year-on-year, mainly due to increased fixed asset investments[16]. - The company reported a net cash outflow from investment activities of CNY 41,121,750.83, worsening from a net outflow of CNY 35,517,827.87 in the previous year[41]. - Cash outflow from investment activities totaled CNY 42,488,432.83, down from CNY 59,248,419.37 in the same period last year, indicating a reduction of 28.3%[41]. - The company received CNY 599,194,389.42 from borrowings, a decrease from CNY 893,502,565.16 in the previous year[39]. - The cash inflow from the disposal of fixed assets was CNY 1,266,682.00, up from CNY 605,591.50 in the previous year, reflecting a growth of 109.5%[41].