XEMC(SH:600416)2019-10-28 16:00Financial Performance - Operating revenue for the first nine months decreased by 7.15% to CNY 4.20 billion compared to the same period last year[4]. - Net profit attributable to shareholders was a loss of CNY 897 million, a decline of 108.68% compared to the previous year[4]. - Basic and diluted earnings per share were both CNY -0.95, a decrease of 110.75% compared to the previous year[6]. - The company reported a loss of CNY 434.21 million from non-operating activities in the current period[8]. - The company expects a cumulative net profit loss for the year 2019, despite a recovery in the wind power industry and revenue growth in wind and motor products[18]. - Net profit for the first three quarters of 2019 was ¥172,459,251.36, a decline of 58.0% from ¥410,974,496.73 in the same period of 2018[28]. - The net profit for Q3 2019 was -304,346,439.41 CNY, compared to -229,421,815.48 CNY in Q3 2018, indicating a significant increase in losses[31]. - The total profit (loss) for Q3 2019 was -193,443,405.13 CNY, compared to a profit of 45,365,135.79 CNY in Q3 2018, marking a significant decline[35]. Assets and Liabilities - Total assets decreased by 14.60% to CNY 17.41 billion compared to the end of the previous year[4]. - Net assets attributable to shareholders decreased by 25.35% to CNY 3.39 billion compared to the end of the previous year[4]. - The company’s cash and cash equivalents decreased from CNY 2,805,268,183.65 at the end of 2018 to CNY 1,972,354,079.09 as of September 30, 2019, representing a decline of approximately 29.6%[21]. - Total current assets decreased from CNY 14,021,124,504.52 at the end of 2018 to CNY 11,252,205,082.50, a decline of approximately 19.6%[21]. - Total liabilities decreased from CNY 15,336,550,076.00 at the end of 2018 to CNY 13,493,568,704.59, a decline of approximately 12.0%[23]. - The company reported a significant increase in expected liabilities, rising to 479,097,471.25, a 4,351.96% increase compared to the previous year[12]. - The company’s retained earnings showed a significant loss, with an unallocated profit of CNY -2,613,887,356.33 as of September 30, 2019, compared to CNY -1,484,237,770.15 at the end of 2018[23]. Cash Flow - Net cash flow from operating activities for the first nine months was a negative CNY 220 million, a decline of 248.77% compared to the same period last year[4]. - The net cash flow from operating activities was negative at ¥-220,577,748.70, compared to a positive cash flow of ¥148,271,438.48 in the previous year[39]. - The cash inflow from investment activities was ¥659,196,953.89, a decrease from ¥1,201,588,895.66 in the previous year[39]. - The cash outflow from financing activities was ¥4,931,254,466.61, compared to ¥5,449,658,099.69 in the same period of 2018[39]. - Operating cash inflow totaled CNY 1,862,728,968.35, an increase of 44.1% compared to CNY 1,291,964,816.04 in the same period last year[41]. Expenses - Research and development expenses decreased by 81.98%, amounting to 46,175,609.89 compared to 256,227,475.93 in the previous year[14]. - Operating expenses increased significantly, with non-operating expenses reaching 472,744,481.58, a rise of 21,379.75% compared to the previous year[14]. - Research and development expenses for Q3 2019 were ¥19,222,271.63, a decrease of 83.8% compared to ¥118,651,177.11 in Q3 2018[30]. - The company incurred credit impairment losses of -150,143,815.21 CNY in Q3 2019, highlighting challenges in asset quality[35]. Shareholder Information - The total number of shareholders at the end of the reporting period was 28,739[9]. - The total equity attributable to shareholders was approximately $4.54 billion, showing a decrease of about $229.69 million compared to the previous period[45].