Shanghai Guijiu (SH:600696)2019-10-30 16:00Financial Performance - Operating revenue for the first nine months decreased by 76.30% to CNY 98,033,722.77 compared to the same period last year[6] - Net profit attributable to shareholders decreased by 39.40% to CNY 12,911,006.26 compared to the same period last year[6] - Total revenue for Q3 2019 was CNY 23,677,583.08, a significant decrease from CNY 347,332,695.06 in Q3 2018[30] - Net profit for Q3 2019 was CNY 5,653,974.76, compared to CNY 7,775,591.71 in Q3 2018, reflecting a decline of approximately 27.2%[31] - Operating profit for the first three quarters of 2019 was CNY 18,593,759.09, down from CNY 26,518,051.10 in the same period of 2018[31] - Total comprehensive income attributable to the parent company for Q3 2019 was CNY 5,525,270.44, compared to CNY 7,617,541.27 in Q3 2018[32] - Total comprehensive income for the first three quarters of 2019 was CNY 410,322.04, compared to a loss of CNY 107,027.40 in the same period of 2018[35] Assets and Liabilities - Total assets increased by 18.14% to CNY 489,597,135.96 compared to the end of the previous year[6] - Total liabilities increased to ¥215,354,615.60 from ¥99,135,780.34 at the end of 2018[23] - Total assets as of September 30, 2019, amounted to CNY 422,712,438.63, an increase from CNY 412,582,337.31 at the end of 2018[28] - Total liabilities increased to CNY 209,367,653.16 in Q3 2019 from CNY 145,388,390.38 in Q3 2018[28] - The balance of estimated liabilities decreased by 34.41% compared to the beginning of the period, mainly due to payments made for previously accrued litigation losses[14] - Long-term payables were reclassified to other payables, resulting in a 100% decrease in long-term payables compared to the beginning of the period[13] Cash Flow - Cash flow from operating activities turned negative with a net outflow of CNY 56,269,486.76, a decrease of 158.31% compared to the same period last year[6] - Cash inflows from operating activities for the first three quarters of 2019 totaled CNY 370,967,691.39, down from CNY 1,242,555,965.55 in the same period of 2018[36] - The net cash flow from operating activities for Q3 2019 was -$56.27 million, compared to $96.50 million in the same period last year, indicating a significant decline[37] - The net cash flow from financing activities for the first nine months of 2019 was $153,991.50, a recovery from a net outflow of -$47.80 million in the same period of 2018[40] Shareholder Equity - Net assets attributable to shareholders decreased by 13.97% to CNY 254,657,777.11 compared to the end of the previous year[6] - The total equity decreased to CNY 213,344,785.47 in Q3 2019 from CNY 267,193,946.93 in Q3 2018[29] - Total equity reached ¥315,274,523.82, with attributable equity to shareholders at ¥296,006,254.35 and minority interests at ¥19,268,269.47[44] Earnings Per Share - Basic and diluted earnings per share decreased by 33.33% to CNY 0.04[7] - Basic and diluted earnings per share for Q3 2019 were both CNY 0.01, consistent with the previous quarter[33] Operational Efficiency - Operating costs decreased by 82.19% year-on-year, corresponding to the decline in operating revenue[16] - The company reported a credit impairment loss of CNY -275,159.91 in Q3 2019[31] - The company experienced a notable increase in investment income of CNY 421,726.43 during the reporting period[34] - The company reported a significant decrease in sales expenses, which were CNY 212,782.15 in Q3 2019 compared to CNY 15,129.28 in Q3 2018[33] Cash and Cash Equivalents - Cash and cash equivalents increased by 71.28% compared to the beginning of the period, mainly due to profits during the reporting period[11] - The company's cash and cash equivalents stood at CNY 21,036,610.90 as of September 30, 2019, compared to CNY 1,651,865.86 at the end of 2018[28] - The total cash and cash equivalents at the end of Q3 2019 stood at $41.92 million, up from $39.04 million at the end of the previous quarter[37]