红豆股份(600400) - 2019 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was ¥144,122,192.28, representing a decrease of 16.93% year-on-year[18]. - Operating revenue for the period was ¥1,784,007,560.93, reflecting a year-on-year increase of 5.42%[18]. - Basic earnings per share decreased by 14.29% to ¥0.06 compared to ¥0.07 in the previous year[21]. - The company reported a decrease in net profit after deducting non-recurring gains and losses, which was ¥114,039,422.05, down 16.79% year-on-year[18]. - The company reported a total profit of ¥63.74 million for Q3 2019, compared to ¥77.23 million in Q3 2018, reflecting a decline of 17.5%[62]. - The net profit for the first three quarters of 2019 was CNY 130,600,278.08, a decrease from CNY 161,358,656.78 in the same period of 2018, representing a decline of approximately 19.1%[68]. - The total comprehensive income for Q3 2019 was ¥50.38 million, compared to ¥62.18 million in Q3 2018, a decrease of 19.0%[64]. - The total comprehensive income for the first three quarters of 2019 was CNY 130,600,278.08, down from CNY 161,358,656.78 in the previous year, indicating a decrease of approximately 19.1%[68]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,503,728,671.17, a 0.37% increase compared to the end of the previous year[18]. - The company's total assets amounted to approximately 5.50 billion RMB, compared to 5.48 billion RMB at the end of 2018[47]. - Total liabilities decreased from CNY 1,434,703,742.93 to CNY 1,285,365,217.40, a reduction of approximately 10.4%[49]. - Total equity increased from CNY 4,048,527,005.81 to CNY 4,218,363,453.77, reflecting a growth of about 4.2%[49]. - The total assets of the company were 5,483,230,748.74 RMB, a decrease from 5,703,391,598.74 RMB year-over-year[82]. - Total current liabilities amounted to approximately ¥1.43 billion, with short-term borrowings at ¥600 million and accounts payable at ¥536.71 million[85]. - Non-current liabilities totaled approximately ¥83.33 million, with deferred tax liabilities at ¥55.04 million[85]. - The company's total liabilities were reported at approximately ¥1.43 billion, while total equity attributable to shareholders was approximately ¥3.98 billion[86]. Cash Flow - The net cash flow from operating activities was -¥37,589,199.93, an improvement from -¥247,968,783.21 in the same period last year[18]. - The net cash flow from operating activities for the first three quarters of 2019 was -CNY 37,589,199.93, an improvement from -CNY 247,968,783.21 in the same period of 2018[73]. - Cash inflow from financing activities totaled 782,800,000.00 RMB, compared to 542,400,000.00 RMB in the previous year, marking an increase of approximately 44.3%[75]. - The company reported interest expenses of CNY 21,641,257.79 for the first three quarters of 2019, an increase from CNY 8,937,266.37 in the same period of 2018[67]. - The total cash and cash equivalents at the end of the period were 636,661,714.51 RMB, down from 1,116,054,235.21 RMB year-over-year[79]. Shareholder Information - The total number of shareholders at the end of the reporting period was 40,278[22]. - The largest shareholder, Hongdou Group Co., Ltd., held 49.86% of the shares, amounting to 1,263,099,071 shares[22]. - The company has repurchased 6,159,518 shares, accounting for 0.24% of total shares, with a total expenditure of RMB 21.43 million[37]. Investments and Acquisitions - The company plans to invest RMB 81.12 million in purchasing office space for its operations and vocational clothing business[37]. - The acquisition of inventory and equipment from Wuxi Hongdou Textile Co., Ltd. was completed for a total value of RMB 16.58 million[37]. - The company has successfully subscribed to a collective asset management plan with an investment of RMB 40 million[37]. - The company plans to invest 100 million RMB for a 5% stake in Wuxi Xishang Bank, which has a registered capital of 2 billion RMB, with the establishment process ongoing[40]. - The company participated in the establishment of Tianjin Yifeng Mixed Reform Venture Capital Partnership with a total subscribed capital of 51.5 million RMB, contributing 20 million RMB, representing 38.84%[40]. Financial Adjustments and Standards - The company has implemented new financial instrument standards since January 1, 2019, affecting the classification and measurement of financial assets[98]. - The company has adjusted its receivables impairment provision to align with the new expected credit loss model, reflecting changes in receivables balance and aging[98]. - The company recognized credit impairment losses based on expected credit loss models, reflecting changes in accounts receivable aging[88]. - The company reported a credit impairment loss in accordance with the new financial instrument standards, which is now reflected in the financial statements[98].