JNGX(SH:600527)2019-10-29 16:00Financial Performance - Operating revenue for the first nine months decreased by 16.80% to CNY 816,828,645.25 compared to the same period last year[6] - Net profit attributable to shareholders decreased by 6.79% to CNY 49,521,818.49 for the first nine months[6] - Total operating revenue for Q3 2019 was $279.08 million, a decrease of 22.1% compared to $358.09 million in Q3 2018[24] - Total operating costs for Q3 2019 were $252.62 million, down 23.7% from $331.60 million in Q3 2018[24] - Net profit for Q3 2019 reached $23.44 million, representing a slight increase of 1.2% from $23.15 million in Q3 2018[25] - The company’s total operating revenue for the first three quarters of 2019 was $816.83 million, down 16.7% from $981.74 million in the same period of 2018[24] - Total revenue for the first three quarters of 2019 was CNY 734,264,301.20, down 17.3% from CNY 888,280,095.73 in the same period of 2018[28] - Operating profit for the first three quarters of 2019 was CNY 57,483,768.05, a decrease of 6.4% compared to CNY 61,715,059.80 in the first three quarters of 2018[28] Cash Flow and Liquidity - Net cash flow from operating activities increased by 203.86% to CNY 134,997,885.46 compared to the same period last year[6] - Cash flow from operating activities for the first three quarters of 2019 was CNY 134,997,885.46, an increase from CNY 44,427,339.90 in the same period of 2018[31] - Cash and cash equivalents decreased by 18.83% to CNY 817,220,940.43 due to payments for fundraising project engineering costs[9] - Cash and cash equivalents at the end of Q3 2019 totaled ¥786,275,684.23, down from ¥1,047,683,740.28 at the end of Q3 2018, reflecting a decrease of approximately 25%[32] - The net cash flow from financing activities was -¥145,493,644.60, compared to -¥144,313,408.50 in the previous year, indicating a stable financing outflow[35] Assets and Liabilities - Total assets decreased by 1.86% to CNY 2,454,318,341.1 compared to the end of the previous year[6] - Total liabilities increased to CNY 119,909,060.17 from CNY 72,041,957.22 year-over-year[20] - Total equity decreased to CNY 2,266,816,196.77 from CNY 2,361,971,109.17[21] - Total assets as of September 30, 2019, amounted to CNY 2,386,725,256.94, a decrease from CNY 2,434,013,066.39 at the end of 2018[20] - Total liabilities amounted to CNY 72,239,482.08, with current liabilities at CNY 57,668,104.70 and non-current liabilities at CNY 14,571,377.38[39] Shareholder Information - The number of shareholders at the end of the reporting period was 58,353[7] - The largest shareholder, Tao Guoping, holds 26.49% of the shares, with 240 million shares pledged[7] - Total equity attributable to shareholders reached CNY 2,428,581,878.54, with retained earnings of CNY 538,473,746.47[39] Research and Development - Research and development expenses decreased by 11.57% to CNY 29.42 million from CNY 33.26 million[10] - Research and development expenses for Q3 2019 were $12.27 million, a decrease of 2.3% compared to $12.55 million in Q3 2018[24] - Research and development expenses for Q3 2019 were CNY 12,554,565.68, slightly up from CNY 12,269,193.84 in Q3 2018[28] Inventory and Receivables - Accounts receivable decreased by 8.09% to CNY 16,527,022.30 due to improved collection of receivables[9] - Inventory decreased by 14.18% to CNY 347.06 million from CNY 404.39 million[10] - Inventory decreased significantly to CNY 327,736,337.56 from CNY 404,330,525.37[19] Deferred Income and Other Financial Metrics - Deferred income increased by 234.97% to CNY 48.81 million, compared to CNY 14.57 million in the previous year[10] - The company reported a significant increase in prepayments, which rose by 21.00% to CNY 44.75 million from CNY 36.94 million[13] - The company reported a decrease in undistributed profits to CNY 382,104,325.90 from CNY 475,467,140.80[21]