SHTD(SH:600647)2019-10-25 16:00Financial Performance - Net profit attributable to shareholders was ¥20,263,526.88, a significant recovery from a loss of ¥33,042,189.43 in the same period last year[7]. - Operating revenue for the first nine months was ¥15,420,606.76, down 11.63% from ¥17,450,746.05 in the previous year[7]. - The weighted average return on net assets improved to 7.26%, an increase of 17.81 percentage points compared to -10.55% in the previous year[8]. - Basic and diluted earnings per share were both ¥0.1456, recovering from a loss of ¥0.2375 per share in the same period last year[8]. - Net profit for the first three quarters of 2019 was CNY 13,904,499.47, a decrease from CNY 479,295.06 in the same period last year[28]. - The net profit for Q3 2019 was a loss of CNY 3,829,794.79, compared to a loss of CNY 14,995,393.71 in the same period last year, showing an improvement of about 74%[30]. - The total profit for Q3 2019 was a loss of CNY 3,829,794.79, while the total profit for Q3 2018 was a loss of CNY 9,291,499.52, indicating a reduction in losses by approximately 59%[30]. - The company's basic earnings per share for Q3 2019 was -0.0273, compared to -0.1065 in Q3 2018, reflecting an improvement in earnings per share[30]. - The total comprehensive income for Q3 2019 was a loss of CNY 3,829,794.79, compared to a loss of CNY 14,995,393.71 in Q3 2018, marking a significant reduction in comprehensive losses[30]. Cash Flow and Liquidity - Cash flow from operating activities showed a negative net amount of ¥11,087,349.17, worsening from a negative cash flow of ¥4,579,038.73 in the previous year[7]. - The net cash flow from operating activities for the first three quarters of 2019 was -11,087,349.17 RMB, compared to -4,579,038.73 RMB in the same period of 2018, indicating a decline in operational performance[35]. - Cash inflow from operating activities totaled 19,640,284.39 RMB, while cash outflow was 30,727,633.56 RMB, resulting in a negative cash flow from operations[35]. - The company’s cash flow from other operating activities was 3,213,992.14 RMB, a decrease from 8,586,147.16 RMB in the previous year[35]. - The company’s cash flow from financing activities was negative, with cash outflows totaling 6,957,177.50 RMB, indicating a reduction in financing activities[36]. - The total cash and cash equivalents at the end of the period increased to 208,158,674.51 RMB from 181,399,385.44 RMB at the end of the previous year[36]. - The total cash and cash equivalents at the end of the period increased to 202,911,181.84 RMB, up from 177,857,032.25 RMB at the end of the previous year[38]. - Cash outflow from operating activities was 13,884,608.88 RMB, slightly lower than 14,708,538.98 RMB in the previous year, showing improved cash management[38]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥487,985,531.07, an increase of 2.97% compared to the end of the previous year[7]. - Total liabilities decreased to CNY 132,121,440.10 from CNY 136,887,445.88 year-over-year[27]. - The owner's equity totaled 296,403,253.24 RMB, unchanged from the previous year, indicating stability in shareholder value[42]. - The total assets amounted to 473,925,724.02 RMB, remaining stable compared to the previous year[42]. - The total liabilities were recorded at 177,522,470.78 RMB, consistent with the previous year's figures[42]. - The balance of intangible assets decreased by 100% compared to the beginning of the year, primarily due to the disposal of subsidiary Xinya Fast Food[14]. - The balance of employee compensation payable decreased by 60% compared to the beginning of the year, mainly due to salary payments during the reporting period[14]. Investments and Income - The company disposed of non-current assets, generating a profit of ¥10,710,002.11 primarily from the sale of equity in a subsidiary[9]. - Investment income increased by 2801% year-on-year, mainly due to the disposal of equity in Xinya Fast Food[15]. - The fair value change income increased by 45.45 million yuan year-on-year, mainly due to significant changes in the fair value of financial instruments held by the company[15]. - The company expects to achieve a profit of 1,033,000 yuan from the transfer of equity in Xinya Fast Food by the end of the reporting period[18]. - The company reported a significant increase in cash inflow from investment activities, totaling 42,074,307.34 RMB, compared to only 3,855,815.06 RMB in the previous year[36]. - The net cash flow from investment activities was 42,272,192.79 RMB, a substantial improvement from -13,660,603.46 RMB year-over-year[38]. Shareholder Information - The total number of shareholders at the end of the reporting period was 12,232, indicating a stable shareholder base[11]. - The largest shareholder, Xinda Investment Co., Ltd., held 40.68% of the shares, totaling 56,606,455 shares[11]. - Shareholders' equity increased to CNY 284,018,070.14 from CNY 268,338,778.87 compared to the previous year[28]. Operational Changes - The company plans to issue shares to acquire 100% equity of Liaoning SANSAN Industrial Co., Ltd. as part of its asset acquisition and related party transaction plan[18]. - The company implemented new financial and revenue recognition standards, which may impact future financial reporting[39]. - The company has implemented a new leasing standard effective January 1, 2019, reclassifying applicable items from long-term prepaid expenses to right-of-use assets[47]. - The company did not apply the new financial instruments standard or the new leasing standard for retrospective adjustments[48].