COMEC(SH:600685)2019-10-30 16:00Financial Performance - Operating revenue for the first nine months was CNY 12.82 billion, an increase of 6.32% year-on-year[5]. - Net profit attributable to shareholders of the listed company was a loss of CNY 76.59 million, compared to a loss of CNY 687.21 million in the same period last year[5]. - The weighted average return on equity improved to -0.79%, an increase of 5.11 percentage points from -5.90% in the previous year[5]. - Basic and diluted earnings per share were both CNY -0.0542, compared to CNY -0.4862 in the same period last year[5]. - The company reported a net loss of ¥2.23 billion in retained earnings, compared to a loss of ¥2.15 billion in the previous year[21]. - The net profit for the first nine months of 2019 was ¥729,885,337.32, slightly up from ¥720,977,633.51 in the same period of 2018[25]. - The company's net profit for Q3 2019 was a loss of ¥622,762,814.68, compared to a loss of ¥413,409,260.35 in Q3 2018, representing a year-over-year increase in loss of 50.6%[27]. - The total profit for Q3 2019 was a loss of ¥651,869,767.60, compared to a loss of ¥437,468,050.93 in Q3 2018, indicating a significant increase in losses[27]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 45.70 billion, a decrease of 3.74% compared to the end of the previous year[5]. - Net assets attributable to shareholders of the listed company were CNY 9.66 billion, down 0.71% from the previous year-end[5]. - Current assets totaled ¥27.21 billion, down from ¥29.04 billion, indicating a decrease of about 6.3% year-over-year[19]. - The total liabilities stood at ¥31.10 billion, down from ¥33.12 billion, showing a reduction of about 6.1%[21]. - The total amount of long-term loans increased by 44.06% to ¥6,251,457,000.00 from ¥4,339,619,500.00, reflecting new borrowings[12]. - The company experienced a 66.55% decrease in non-current liabilities due within one year to ¥1,579,900,000.00 from ¥4,414,000,000.00, due to loan repayments[12]. - The total current liabilities were ¥819,632,717.71, with accounts payable at ¥58,845,591.58[41]. Cash Flow - The company reported a net cash flow from operating activities of CNY -4.30 billion for the first nine months, compared to CNY -2.16 billion in the same period last year[5]. - Cash and cash equivalents decreased by 54.04% to ¥4,751,342,968.18 from ¥10,337,887,158.50 due to lower collection progress compared to payment progress[11]. - The net cash flow from operating activities for the first three quarters of 2019 was -¥4,301,735,196.55, worsening from -¥2,155,114,696.95 in the previous year[32]. - Cash inflow from operating activities for the first three quarters of 2019 was ¥12,796,243,666.18, down from ¥14,028,612,118.43 in the same period of 2018, reflecting a decrease of approximately 8.8%[32]. - The company's cash flow from financing activities was negative at -¥548,369,334.65 compared to -¥453,550,173.88 in the previous year, mainly due to increased borrowings[14]. - The ending cash and cash equivalents balance for Q3 2019 was ¥4,515,284,392.49, down from ¥8,076,728,061.36 in the previous year, reflecting a decrease of approximately 44.5%[33]. Investments and Expenses - R&D expenses in Q3 2019 amounted to ¥154,482,737.59, up from ¥120,792,162.98 in Q3 2018, reflecting a growth of approximately 28.0%[26]. - The company achieved an investment income of ¥528,995.16 in Q3 2019, recovering from a loss of ¥-1,908,531.87 in Q3 2018[30]. - Investment income showed a significant decline, with a loss of ¥224,221,112.73 compared to a gain of ¥1,692,826.20 in the previous year, impacted by delivery losses from forward contracts[13]. - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[26]. Shareholder Information - The total number of shareholders at the end of the reporting period was 76,306, with HKSCC NOMINEES LIMITED holding 41.67% of shares[9]. - The total equity attributable to shareholders decreased to ¥9.66 billion from ¥9.73 billion, a decline of approximately 0.7%[21]. - The company’s total equity increased to ¥8,763,990,385.87 from ¥8,755,082,682.06, reflecting a slight growth of about 0.1%[25].