*ST莫高(600543) - 2019 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY 14,704,572.53, representing a decrease of 28.13% year-on-year[6]. - Operating revenue for the period was CNY 120,333,348.59, down 13.32% from the same period last year[6]. - The company reported a net profit excluding non-recurring gains and losses of CNY 13,864,483.93, a decrease of 30.21% year-on-year[6]. - Net profit decreased by CNY 649.79 million, a year-on-year decline of 36.20%, mainly due to a downturn in the wine business and revenue decline[11]. - The company's operating revenue for Q3 2019 was ¥36,946,732.46, a decrease of 28.6% compared to ¥51,695,341.24 in Q3 2018[26]. - The net profit for Q3 2019 was ¥4,987,985.87, down 57.5% from ¥11,729,267.88 in Q3 2018[26]. - The total profit for Q3 2019 was ¥5,751,419.40, a decline of 56.0% compared to ¥13,039,536.55 in Q3 2018[26]. - The company's operating profit for Q3 2019 was ¥5,752,234.40, down 56.0% from ¥13,055,698.72 in Q3 2018[26]. - Net profit for the first three quarters of 2019 was CNY 120,333,348.59, down 13.3% from CNY 138,826,651.57 in the same period of 2018[22]. Cash Flow and Liquidity - Net cash flow from operating activities was CNY 4,920,659.49, a significant decline of 56.27% compared to the previous year[6]. - Cash flow from operating activities decreased by CNY 633.18 million, down 56.27% year-on-year, attributed to the decline in the wine business and revenue[11]. - Cash and cash equivalents decreased to CNY 80,094,887.38 as of September 30, 2019, from CNY 324,395,783.00 at the end of 2018, representing a decline of 75.7%[20]. - The net cash flow from financing activities increased by CNY 3,865.91 million, primarily due to increased construction loans for a subsidiary[11]. - The company reported a net cash flow from financing activities of CNY 20,169,301.43 in the first three quarters of 2019, a turnaround from a net outflow of -CNY 18,489,775.70 in the same period of 2018[30]. - The total cash inflow from operating activities was CNY 105,895,361.12 for the first three quarters of 2019, down from CNY 133,534,995.66 in the same period of 2018, reflecting a decrease of about 20.8%[29]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,293,433,176.23, a 0.42% increase compared to the end of the previous year[6]. - As of the end of the reporting period, cash and cash equivalents decreased by CNY 23,750.99 million, a decline of 72.30%, primarily due to increased investment in financial products[11]. - Accounts receivable decreased by CNY 1,690.97 million, down 71.47%, mainly due to the use of bank acceptance bills for payment[11]. - Total assets as of September 30, 2019, were CNY 1,854,843,486.44, down from CNY 1,876,314,967.69 at the end of 2018, a decrease of 1.1%[20]. - Total liabilities decreased to CNY 611,609,359.85 from CNY 653,514,380.35, a reduction of 6.4%[20]. - Current assets totaled RMB 496,028,010.42, with cash and cash equivalents at RMB 328,499,847.31[34]. - Total liabilities reached RMB 143,671,373.86, with current liabilities accounting for RMB 115,577,407.23[36]. Shareholder Information - The total number of shareholders at the end of the reporting period was 22,076[10]. - The largest shareholder, Gansu Agricultural Reclamation Group Co., Ltd., held 14.27% of the shares[10]. - The company's equity increased to CNY 1,243,234,126.59 from CNY 1,222,800,587.34, an increase of 1.7%[21]. - The total equity attributable to shareholders was RMB 1,151,680,512.69[36]. Expenses and Financial Management - The weighted average return on equity decreased by 0.53 percentage points to 1.27%[6]. - Basic earnings per share were CNY 0.05, down 16.67% from CNY 0.06 in the previous year[6]. - Financial expenses decreased by CNY 373.20 million year-on-year, primarily due to increased interest income from time deposits[11]. - Investment income decreased by CNY 463.00 million, a year-on-year decline of 79.13%, mainly because financial products had not yet matured and income was unrealized[11]. - The company reported a decrease in tax and additional fees by CNY 318.90 million, a year-on-year decline of 37.66%, due to decreased operating income and tax reduction policies[11]. - R&D expenses for Q3 2019 were CNY 66,285.49, significantly lower than CNY 195,582.32 in Q3 2018, a decrease of 66.1%[22]. Future Outlook - The company plans to focus on improving operational efficiency and reducing costs in the upcoming quarters[26].