QJCT(SH:600706)2019-10-25 16:00Financial Performance - The net profit attributable to shareholders was RMB 102,534,510.60, a decrease of 9.59% compared to the same period last year[5]. - The basic earnings per share (EPS) was RMB 0.48, down 9.43% from RMB 0.53 in the previous year[5]. - The weighted average return on equity (ROE) decreased by 1.73 percentage points to 9.55%[5]. - The net profit after deducting non-recurring gains and losses was RMB 94,439,730.61, a decrease of 14.27% compared to the previous year[5]. - Total operating revenue for Q3 2019 was approximately ¥338.63 million, a decrease of 5.86% compared to ¥359.83 million in Q3 2018[26]. - Net profit for Q3 2019 was approximately ¥37.23 million, a decline of 13.92% from ¥43.22 million in Q3 2018[27]. - Total profit for the first three quarters of 2019 was approximately ¥119.85 million, down 10.19% from ¥133.44 million in the same period of 2018[27]. - Net profit for the first three quarters of 2019 was ¥86,663,743.68, up 9.3% from ¥79,185,678.99 in the first three quarters of 2018[28]. Cash Flow - The net cash flow from operating activities decreased by 35.38% compared to the same period last year, primarily due to increased payments for ticket collections and revenue sharing agreements[5]. - Cash flow from operating activities for the first three quarters of 2019 was ¥49,875,639.66, a decrease of 35.2% compared to ¥77,178,642.48 in the same period of 2018[29]. - Net cash flow from operating activities decreased to CNY 22,473,302.38, down 78.0% from CNY 102,443,502.52 in the previous year[30]. - Cash inflow from investment activities increased significantly to CNY 182,857,748.68, compared to CNY 80,670,224.74 in the same period last year[30]. - Cash inflow from financing activities rose to CNY 170,558,408.83, up from CNY 140,000,000.00 in the previous year[30]. Assets and Liabilities - Total assets at the end of the reporting period reached RMB 2,539,849,880.67, reflecting a 17.70% increase from the previous year-end[5]. - The company's total assets amounted to approximately CNY 2.54 billion, an increase from CNY 2.16 billion at the end of 2018[22]. - Total liabilities increased to CNY 1,419,828,059.45, up from CNY 1,132,851,593.94, representing a growth of approximately 25.3% year-over-year[23]. - Current liabilities totaled CNY 941,366,384.69, compared to CNY 732,389,546.92, reflecting an increase of about 28.5%[23]. - The company's total liabilities amounted to CNY 1,132,851,593.94, with current liabilities at CNY 732,389,546.92[32]. Shareholder Information - The total number of shareholders reached 15,504 at the end of the reporting period[9]. - The largest shareholder, Xi'an Qujiang Tourism Investment (Group) Co., Ltd., held 53.16% of the shares, with 55,305,720 shares pledged[9]. - The company plans to distribute a cash dividend of CNY 0.045 per share, totaling approximately CNY 8.08 million, alongside a capital increase of 0.2 shares per share for all shareholders[17]. - The company has announced a shareholder return plan for the next three years (2019-2021), although specific details were not provided[12]. Investments and Growth - The company completed a capital increase through profit distribution and capital reserve conversion, raising the total share capital from 179,509,675 shares to 215,411,610 shares[6]. - The company plans to conduct a non-public offering of A-shares to raise funds, as detailed in their announcements[15]. - The company plans to explore new market opportunities and potential acquisitions to drive future growth[27]. Operational Efficiency - The management indicated a focus on cost control and efficiency improvements to enhance profitability in the upcoming quarters[27]. - The company reported a significant increase in prepayments, which rose by CNY 24.65 million, a 163.72% increase, mainly due to prepayments for scenic activities and travel agency group payments[11]. - The company incurred a credit impairment loss of approximately ¥6.35 million in the first nine months of 2019[26].