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华嵘控股(600421) - 2019 Q3 - 季度财报
WSBEWSBE(SH:600421)2019-10-28 16:00

Financial Performance - Operating revenue for the year-to-date (January to September) was CNY 6,947,021.36, a significant decline from the previous year's figure[6]. - Net profit attributable to shareholders for the year-to-date was CNY -5,317,156.25, worsening from CNY -4,715,421.49 in the same period last year[6]. - Basic and diluted earnings per share were both CNY -0.027, compared to CNY -0.024 in the previous year[6]. - Total operating revenue for Q3 2019 was CNY 2,984,471.63, a decrease compared to CNY 6,947,021.36 in the same period of 2018[21]. - Net loss for Q3 2019 was CNY 1,413,754.90, compared to a net loss of CNY 1,649,775.53 in Q3 2018[22]. - The company reported a total comprehensive income attributable to the parent company of CNY -1,321,484.70 in Q3 2019, compared to CNY -331,705.39 in Q3 2018[27]. - The company's total operating profit for the first three quarters of 2019 was CNY -4,389,963.38, compared to CNY -1,302,317.74 in the same period of 2018, indicating a worsening operational performance[26]. Assets and Liabilities - Total assets increased by 8.84% to CNY 50,573,662.23 compared to the end of the previous year[6]. - The total liabilities increased to CNY 44,684,426.86 from CNY 34,511,422.42, marking a rise of about 29.5% year-over-year[15]. - The total equity attributable to shareholders decreased to CNY -3,184,730.47 from CNY 2,132,425.78, representing a decline of approximately 249.8%[15]. - The company's current liabilities totaled CNY 41,290,987.71, an increase from CNY 31,117,983.27, which is an increase of about 32.6%[15]. - The non-current assets totaled CNY 40,302,524.24, up from CNY 38,225,511.75, indicating an increase of approximately 5.4%[14]. - Total cash received from operating activities was only 2,000.00 RMB, a drastic drop from 1,330,272.93 RMB in the previous year, highlighting challenges in revenue generation[32]. Cash Flow - The company reported a net cash flow from operating activities of CNY -5,089,558.73 for the year-to-date, compared to CNY -1,909,349.91 in the same period last year[6]. - The cash inflow from operating activities totaled CNY 11,706,335.53 in the first three quarters of 2019, compared to CNY 6,477,760.96 in the same period of 2018, marking an increase of approximately 80.5%[29]. - The company reported cash outflows from operating activities of CNY 16,795,894.26 in the first three quarters of 2019, up from CNY 8,387,110.87 in the same period of 2018, indicating a rise of about 100.5%[29]. - The net cash flow from operating activities for the first three quarters of 2019 was -5,334,739.35 RMB, compared to -88,905.18 RMB in the same period of 2018, indicating a significant decline in operational performance[33]. - The cash flow from other operating activities was 3,474,687.30 RMB, compared to 905,244.75 RMB in the previous year, indicating a rise in operational expenditures[33]. Shareholder Information - The total number of shareholders at the end of the reporting period was 6,427[9]. - The top shareholder, Zhejiang Hengshun Investment Co., Ltd., held 19.50% of the shares[9]. Operational Challenges - The company’s stock was subject to delisting risk warning due to consecutive years of negative net profit and low operating revenue[10]. - The company anticipates a potential cumulative operating net profit loss for the year, indicating a warning of significant changes compared to the previous year[12]. - The company has only one operating subsidiary, which is expected to report a cumulative operating net profit loss by the end of the next reporting period[11]. - The company reported a gross profit margin decline due to increased operating costs[21]. - Future guidance indicates a continued focus on cost management and operational efficiency to mitigate losses[22]. Investment and Expenses - Payments to employees increased significantly to 1,521,965.69 RMB from 496,632.78 RMB, indicating rising operational costs[32]. - The cash outflow for investment activities was 17,800.00 RMB, compared to 5,819.00 RMB in the previous year, suggesting increased investment activity despite negative cash flow[33]. - Operating expenses for the first three quarters of 2019 included management expenses of CNY 4,120,839.23, which increased from CNY 1,300,692.13 in the previous year, showing a rise of about 216.2%[26]. - The company incurred financial expenses of CNY 270,900.15 in the first three quarters of 2019, compared to CNY 1,625.61 in the same period of 2018, representing a substantial increase[26]. Financial Reporting Standards - The company has not applied new financial instrument standards or new revenue recognition standards, which may impact future financial reporting[34].