SMEG(SH:600689)2019-10-30 16:00Financial Performance - Net profit attributable to shareholders of the listed company was ¥12,437,962.94, a significant increase of 422.37% year-on-year[9]. - Operating revenue for the period was ¥974,370,740.60, representing a decrease of 3.34% compared to the same period last year[9]. - Basic earnings per share rose to ¥0.062, up 416.67% from ¥0.012 in the same period last year[9]. - The company reported a net profit of CNY 40,281,246.57 for the first nine months of 2019, compared to CNY 21,215,115.80 in the same period of 2018, marking an increase of about 89.7%[27]. - Net profit for Q3 2019 reached approximately $2.07 million, a significant increase from $845,405 in Q3 2018, reflecting a growth of approximately 145.5%[30]. - The total profit for Q3 2019 was approximately $110.13 million, compared to $1.52 million in Q3 2018, showing a substantial increase of about 92.8%[30]. - The total comprehensive income for Q3 2019 was approximately $2.07 million, compared to $1.30 million in Q3 2018, indicating an increase of about 59.7%[31]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥737,923,527.51, an increase of 0.37% compared to the end of the previous year[9]. - The total current assets as of September 30, 2019, amounted to ¥476,482,091.23, an increase from ¥442,205,681.03 at the end of 2018[21]. - Non-current assets totaled CNY 261,441,436.28, down from CNY 293,000,267.80 year-over-year[22]. - The company's total liabilities were CNY 259,752,517.44, compared to CNY 264,795,839.05 in the previous year, indicating a decrease of about 1.6%[23]. - Shareholders' equity increased to CNY 478,171,010.07 from CNY 470,410,109.78, representing a growth of approximately 1.6%[23]. - Total liabilities amounted to ¥264,795,839.05, with non-current liabilities totaling ¥46,016,866.92[44]. - Owner's equity reached ¥470,410,109.78, with total assets at ¥735,205,948.83[44]. Cash Flow - The net cash flow from operating activities was negative at -¥14,318,605.75, an improvement from -¥27,280,676.42 in the previous year[9]. - The cash flow from operating activities for the first three quarters was ¥175,531,596.14, down 21.0% from ¥222,399,783.35 in the same period of 2018[38]. - The total cash and cash equivalents at the end of the period was ¥8,978,343.92, compared to ¥6,379,681.58 at the end of the same period in 2018, reflecting a 40.5% increase[39]. - Cash inflow from investment activities totaled ¥248,393,034.80, up from ¥194,003,975.79 in the previous year, representing a 28.0% increase[39]. - The cash flow from investment activities showed a net outflow of ¥390,137,800.00, compared to ¥341,511,025.53 in the same period last year, indicating a 14.2% increase in cash outflow[39]. Shareholder Information - The total number of shareholders at the end of the reporting period was 36,076, with 28,139 holding A shares and 7,937 holding B shares[10]. - The largest shareholder, Chongqing Light Textile Holdings Group Co., Ltd., held 52,158,943 shares, accounting for 25.95% of the total[10]. Government and Non-Operating Income - Government subsidies recognized during the period amounted to ¥776,185.30, totaling ¥2,073,717.06 for the year-to-date[10]. - Non-operating income and expenses for the period totaled ¥4,272,404.44, with a year-to-date total of ¥17,325,577.01[10]. Operational Changes and Plans - The company plans to relocate its subsidiary, Baoji Lingyun, to a new facility, with the current lease expiring on April 30, 2019[15]. - The company is in the process of publicly listing a 10% stake in Shanghai Shuo Feng International Travel Agency at a price of ¥2 million, reflecting a 5.82% premium over the assessed value[16]. - The company has initiated the process to publicly list a 65.44% stake in Baoji Lingyun at a revised price of ¥15,939,100, which is a 10% reduction from the previous assessment[17].