GLARUNTECH(SH:600562)2019-10-29 16:00Financial Performance - Operating revenue for the first nine months was ¥764,135,854.41, representing an increase of 11.79% year-on-year[5]. - Net profit attributable to shareholders was ¥25,625,565.12, a decrease of 15.06% compared to the same period last year[5]. - Basic and diluted earnings per share were both ¥0.04, down 20% from the previous year[7]. - Total operating revenue for Q3 2019 was 301,890,132.38 RMB, an increase of 32.3% compared to 228,061,160.53 RMB in Q3 2018[25]. - Net profit for Q3 2019 was approximately $5.79 million, compared to $6.46 million in Q3 2018, indicating a decrease of 10.3%[27]. - The company reported a total profit of approximately $6.22 million for Q3 2019, down from $7.36 million in the same quarter last year, a decline of 15.4%[27]. - The total comprehensive income for Q3 2019 was approximately $5.79 million, compared to $6.46 million in Q3 2018, reflecting a decrease of 10.3%[28]. Cash Flow - The net cash flow from operating activities for the first nine months was -¥247,592,126.71, indicating a negative cash flow situation[5]. - The company reported a significant decrease in cash and cash equivalents, down 39% to ¥475,476,040.58 due to net outflow of operating funds[12]. - Cash flow from operating activities for the first three quarters of 2019 was negative CNY 247,592,126.71, compared to negative CNY 217,813,637.65 in the same period of 2018[31]. - The total cash inflow from operating activities for the first three quarters of 2019 was CNY 791,107,677.14, compared to CNY 609,181,293.34 in the same period of 2018[31]. - The net increase in cash and cash equivalents for the period was CNY 136,999,224.59, contrasting with a decrease of CNY -48,843,709.03 in the previous year[33]. - Cash inflow from investment activities totaled CNY 340,347,856.55, up from CNY 165,644,712.50 in the same period last year, marking a 105.5% increase[33]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,869,452,919.64, a slight increase of 0.14% compared to the previous year[5]. - The company's total liabilities decreased to CNY 1,051,180,812.12 from CNY 1,064,899,959.98, showing a reduction in current liabilities[20]. - Current liabilities reached ¥1,064,899,959.98, including accounts payable of ¥605,551,655.07[36]. - Shareholders' equity increased to 1,789,102,130.42 RMB from 1,775,301,231.23 RMB, representing a growth of 0.8%[21]. - The company has intangible assets valued at ¥29,557,948.56 and long-term equity investments of ¥704,643,086.49[36][39]. Inventory and Receivables - The company's inventory increased by 35% to ¥1,353,396,654.30 due to revenue recognition from construction contracts in radar and rail transportation systems[12]. - The company's accounts receivable increased to CNY 527,242,792.90 from CNY 511,046,640.48, indicating a growth in credit sales[19]. - Other receivables dropped significantly to 226,858,543.61 RMB from 467,356,093.25 RMB, a decrease of 51.5%[22]. Shareholder Information - The total number of shareholders at the end of the reporting period was 31,828[9]. - The largest shareholder, China Electronics Technology Group Corporation, held 26.48% of the shares[9]. Expenses and Financial Management - The company's financial expenses showed a decrease due to increased interest income and reduced discount expenses[14]. - The company reported a 3626% increase in other operating expenses, primarily due to a donation of CNY 200,000 for establishing a university scholarship[14]. - Research and development expenses increased to approximately $19.50 million in Q3 2019, compared to $14.53 million in Q3 2018, marking a rise of 34.3%[26]. - The company incurred a financial expense of CNY -701,575.94 in Q3 2019, compared to CNY -328,675.36 in Q3 2018, indicating increased financial costs[29].