CRCH(SH:600636)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders dropped by 97.73% to CNY 12,327,194.29 for the first nine months of the year[6] - Operating revenue fell by 35.13% to CNY 875,115,267.07 year-on-year[6] - The company reported a net profit excluding non-recurring gains and losses of CNY 40,404,612.20, down 56.98% year-on-year[6] - Basic and diluted earnings per share decreased by 97.73% to CNY 0.0276[7] - The net profit attributable to shareholders decreased by 97.73% to RMB 12,327,194.29 from RMB 543,670,219.67, primarily due to the impact of asset restructuring in the previous period[13] - The company’s net profit for the first three quarters of 2019 was ¥544,510,902.23, compared to ¥1,000,000,000 in the same period of 2018, indicating a decline of approximately 45.5%[29] - Net profit for Q3 2019 was ¥31,792,967.94, compared to ¥304,106,199.95 in Q3 2018, indicating a significant decline of 89.5%[29] - The company reported a total comprehensive income of ¥31,792,967.94 for Q3 2019, compared to ¥304,106,199.95 in Q3 2018, a decrease of 89.5%[31] Assets and Liabilities - Total assets decreased by 3.66% to CNY 3,364,878,390.48 compared to the end of the previous year[6] - Total liabilities amounted to CNY 351,553,959.62, an increase from CNY 342,402,184.94 in the previous year[20] - Current liabilities totaled CNY 288,004,538.84, down from CNY 324,982,008.90 year-over-year[20] - Non-current liabilities increased significantly to CNY 63,549,420.78 from CNY 17,420,176.04[20] - Total equity decreased to CNY 3,013,324,430.86 from CNY 3,150,325,459.51[21] - The total assets as of September 30, 2019, were RMB 3,364,878,390.48, a decrease from RMB 3,492,727,644.45 at the end of 2018[19] - The company reported a total equity attributable to shareholders of CNY 2,923,157,726.11, down from CNY 3,069,492,979.03[21] - The company’s retained earnings decreased to CNY 795,313,732.13 from CNY 941,648,984.05[21] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net cash flow of CNY -32,164,778.58 compared to CNY -207,990,638.05 in the same period last year[6] - Cash flow from operating activities improved by 84.54%, resulting in a net outflow of RMB 32,164,778.58 compared to RMB 207,990,638.05 in the previous period[13] - Operating cash flow for the first three quarters of 2019 was RMB 14,246,165.73, a significant improvement from a net cash outflow of RMB 302,138,005.80 in the same period of 2018[38] - The company’s cash flow from operating activities showed a positive trend, with cash inflow totaling RMB 78,202,413.36 in 2019 compared to RMB 48,284,326.72 in 2018, an increase of approximately 62.1%[38] - The company incurred credit impairment losses of 853,706.41 RMB in Q3 2019, contributing to the overall financial downturn[33] Shareholder Information - The total number of shareholders reached 37,052 by the end of the reporting period[10] - The largest shareholder, China Cultural Industry Development Group, holds 24.66% of the shares[11] Government Support and Investments - The company received government subsidies amounting to CNY 16,107,766.60 during the reporting period[8] - The company plans to implement a share repurchase program as approved in board meetings held on August 22 and September 20, 2019[14] Research and Development - Research and development expenses increased by 50.96% to RMB 46,346,425.69 from RMB 30,701,363.58, indicating a significant investment in R&D[13] - Research and development expenses for Q3 2019 were ¥16,033,265.05, an increase from ¥5,462,821.57 in Q3 2018, showing a growth of 194.5%[28] Operational Performance - The operating cost decreased by 39.76% to RMB 667,326,065.12 from RMB 1,107,759,457.34, attributed to adjustments in the chemical business structure[13] - Total operating revenue for Q3 2019 was ¥318,378,459.50, a decrease of 27.7% compared to ¥440,541,952.13 in Q3 2018[28] - Total operating costs for Q3 2019 were ¥286,940,077.73, down from ¥362,493,728.38 in Q3 2018, representing a 20.8% reduction[28]