GUOTONG PP(SH:600444)2019-10-24 16:00Financial Performance - Operating revenue for the first nine months rose by 28.09% to CNY 479,622,558.48 year-on-year[6] - Net profit attributable to shareholders decreased by 21.43% to CNY 26,412,809.16 compared to the same period last year[6] - Basic and diluted earnings per share both decreased by 21.74% to CNY 0.18[7] - The weighted average return on equity decreased by 1.68 percentage points to 4.7%[7] - Total operating revenue for Q3 2019 reached ¥217,736,182.10, a significant increase of 53.7% compared to ¥141,659,636.03 in Q3 2018[24] - Net profit for the first three quarters of 2019 was ¥21,354,656.14, compared to a loss of ¥188,710,965.21 in the same period of 2018[23] - The total comprehensive income for Q3 2019 was ¥12,175,585.10, compared to ¥15,675,300.21 in Q3 2018, showing a decrease of 22.4%[28] - The company's total profit for Q3 2019 was ¥14,234,606.24, compared to ¥17,296,288.22 in Q3 2018, reflecting a decrease of 17.9%[26] - Total profit for Q3 2019 reached CNY 225.29 million, compared to CNY 5.23 million in the same period last year[31] - Net profit for Q3 2019 was CNY 225.29 million, significantly higher than CNY 20.67 million in Q3 2018[31] Assets and Liabilities - Total assets increased by 5.93% to CNY 888,641,643.13 compared to the end of the previous year[6] - Total assets as of September 30, 2019, amounted to ¥623,522,778.70, an increase of 18.8% from ¥524,682,585.98 at the end of 2018[22] - Total liabilities decreased to ¥41,104,249.93 from ¥148,587,036.18, indicating a reduction of 72.4%[22] - The company's equity increased to ¥582,418,528.77, up from ¥376,095,549.80 at the end of 2018, reflecting a growth of 54.7%[23] - The company reported a 44% increase in taxes payable, amounting to CNY 17,198,241.79, due to increased tax obligations[18] - Other current liabilities decreased by 36% to CNY 10,546,929.49, reflecting the return of dealer accounts[18] Cash Flow - Net cash flow from operating activities improved to CNY -24,156,941.47 from CNY -49,097,764.87 year-on-year[6] - Cash flow from operating activities showed a net outflow of CNY 24.16 million, an improvement from a net outflow of CNY 49.10 million in the previous year[34] - Cash inflow from investment activities totaled CNY 166,771,642.63, compared to CNY 38,630,747.70 in 2018, marking a substantial increase[37] - The net cash flow from investing activities was CNY 164,722,701.62, significantly up from CNY 29,596,438.61 in the same period last year[37] - The cash outflow from financing activities was CNY 132,293,241.16, compared to CNY 89,243,357.21 in the previous year, indicating a higher cash outflow[37] - The net increase in cash and cash equivalents was CNY 22,959,678.28, contrasting with a decrease of -CNY 3,295,629.71 in the same period of 2018[37] Shareholder Information - The total number of shareholders reached 7,918 by the end of the reporting period[9] - The largest shareholder, Hefei General Machinery Research Institute Co., Ltd., holds 36.82% of the shares[10] - The company has no related party or concerted action relationships among the top shareholders[10] Other Income and Expenses - Other income rose by 85% to CNY 2,136,475.03, due to an increase in government subsidies recognized in profit and loss[12] - Research and development expenses in Q3 2019 amounted to ¥3,221,625.86, representing a 96.1% increase from ¥1,644,046.10 in Q3 2018[29] - The company incurred a credit impairment loss of CNY 1.65 million in Q3 2019, compared to a loss of CNY 2.27 million in the previous period[30] - The company paid CNY 61.23 million in employee compensation during Q3 2019, an increase from CNY 53.45 million in the same period last year[34] Future Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[24] - The company plans to continue investing in R&D to drive future growth and innovation[29]