ATLANTIC(SH:600558)2019-10-28 16:00Financial Performance - Operating revenue for the first nine months was CNY 2,182,962,744.90, an increase of 12.63% year-on-year[6] - Net profit attributable to shareholders was CNY 36,083,492.12, a decrease of 44.44% compared to the same period last year[6] - The company reported a decrease in total profit of 40.61% compared to the same period last year[13] - Total operating revenue for Q3 2019 reached ¥730.87 million, a 6.1% increase from ¥688.65 million in Q3 2018[25] - Net profit for Q3 2019 was ¥10.66 million, down 51.7% from ¥22.07 million in Q3 2018[27] - The total profit for the first three quarters of 2019 was ¥50.69 million, a decrease of 40.7% from ¥85.35 million in the same period of 2018[25] - The company’s investment income for Q3 2019 was ¥1.50 million, significantly lower than ¥3.93 million in Q3 2018[25] - The total comprehensive income for Q3 2019 was ¥10.66 million, compared to ¥22.06 million in Q3 2018[27] Cash Flow - The net cash flow from operating activities was CNY 22,987,562.62, a significant increase of 2,967.81% year-on-year[6] - The net cash flow from operating activities for the first three quarters of 2019 was ¥22,987,562.62, a significant improvement compared to a net outflow of ¥801,570.66 in the same period of 2018[30] - Total cash inflow from operating activities increased to ¥1,720,519,470.40, up by approximately 18.06% from ¥1,456,907,908.64 in 2018[30] - Cash outflow from investing activities resulted in a net cash flow of -¥19,542,436.76, a decline from a net inflow of ¥97,596,026.19 in the previous year[30] - The company reported a cash inflow from financing activities of ¥261,616,613.12, compared to ¥239,021,519.65 in the same period last year, marking an increase of about 9.4%[32] - The net cash flow from financing activities was -¥72,520,617.53, worsening from -¥56,104,496.72 in 2018[32] - The ending cash and cash equivalents balance decreased to ¥257,702,303.64 from ¥290,947,997.73 in the previous year, reflecting a decline of approximately 11.4%[32] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,878,141,398.56, a decrease of 1.39% compared to the end of the previous year[6] - The company's current assets totaled CNY 1,378,125,634.41 as of September 30, 2019, slightly down from CNY 1,385,948,947.14 at the end of 2018[21] - The company's total liabilities were CNY 763,291,165.83 as of September 30, 2019, compared to CNY 816,152,950.33 at the end of 2018[22] - The equity attributable to shareholders amounted to CNY 1,937,391,456.31 as of September 30, 2019, an increase from CNY 1,923,708,725.21 at the end of 2018[22] - The company's cash and cash equivalents were CNY 271,311,991.55 as of September 30, 2019, down from CNY 337,915,936.71 at the end of 2018[21] - Accounts receivable increased to CNY 319,921,981.18 as of September 30, 2019, compared to CNY 122,546,022.37 at the end of 2018[21] - Inventory decreased to CNY 490,905,223.40 as of September 30, 2019, from CNY 531,141,279.57 at the end of 2018[21] Shareholder Information - The total number of shareholders at the end of the reporting period was 41,441[8] - The controlling shareholder, Atlantic Group, plans to transfer 270,526,255 shares to Guorui Mining without compensation[15] - As of now, the transfer of shares has not been completed, and there remains significant uncertainty regarding the successful completion of the transfer and registration[16] Research and Development - Research and development expenses for Q3 2019 amounted to ¥9.13 million, a 8.3% increase compared to ¥8.43 million in Q3 2018[25] - The company plans to continue focusing on R&D to enhance product offerings and market competitiveness[25]