SG(SH:600734)2019-10-30 16:00Financial Performance - Operating revenue for the period was ¥2,070,584,341.94, representing a decline of 48.50% year-on-year[18]. - Net profit attributable to shareholders of the listed company was -¥278,894,068.47, a decrease of 324.07% compared to the same period last year[18]. - Basic earnings per share were -¥0.4475, a decrease of 324.20% year-on-year[21]. - The company reported a net loss of CNY 403,960,606.36, worsening from a loss of CNY 125,066,537.89 in the previous period[48]. - Total revenue for Q3 2019 was ¥246,892,525.40, a significant decrease from ¥1,245,456,359.19 in Q3 2018[58]. - Net profit for Q3 2019 was a loss of ¥100,326,876.85, contrasting with a profit of ¥25,874,240.03 in Q3 2018[61]. - The company reported a significant increase in other income of ¥14,175,318.21 in Q3 2019 compared to ¥825,652.82 in Q3 2018[61]. - The total comprehensive income for Q3 2019 was a loss of CNY 12,119,377.00, compared to a loss of CNY 25,288,903.10 in the same period last year[70]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,536,315,188.39, a decrease of 24.54% compared to the end of the previous year[18]. - Current assets totaled CNY 3,496,918,967.83, down from CNY 5,327,209,547.83, indicating a reduction of about 34.4%[46]. - Total liabilities were CNY 3,217,503,229.88, compared to CNY 4,726,395,760.56, showing a reduction of approximately 31.9%[48]. - The company's cash and cash equivalents decreased by 64.56% to ¥106,086,111.31 from ¥299,366,263.53 due to repayment of bonds and interest[31]. - The total assets decreased from ¥3,588,158,763.27 to ¥3,404,680,009.05 year-over-year[57]. - The total liabilities decreased from ¥1,057,658,561.84 to ¥913,627,581.93 year-over-year[57]. - The company’s total equity decreased to CNY 2,318,811,958.51 from CNY 2,610,191,478.94, a decline of approximately 11.2%[48]. Cash Flow - The net cash flow from operating activities was -¥286,555,698.55, an improvement of 29.65% compared to the previous year[18]. - Cash outflow from operating activities totaled CNY 3,266,145,908.21, a decrease of 37% compared to CNY 5,169,344,632.23 in 2018[74]. - Cash inflow from financing activities reached CNY 1,075,758,033.33, up from CNY 454,000,000.00 in 2018[76]. - Net cash flow from financing activities was positive CNY 228,504,374.67, compared to negative CNY 333,661,945.56 in the same period of 2018[76]. Shareholder Information - The total number of shareholders at the end of the reporting period was 63,076[22]. - The largest shareholder, Beijing Angzhan Technology Development Co., Ltd., held 36.71% of the shares, with 228,466,407 shares pledged[22]. Government Subsidies and Other Income - The company received government subsidies amounting to ¥18,474,089.79 during the reporting period, which is closely related to its normal business operations[21]. - The company faced a 76.21% decline in other income, which fell to ¥19,274,519.07 from ¥81,005,980.96, due to the absence of prior year subsidies[34]. Future Outlook - The company expects a continued net loss for 2019, primarily due to reduced orders and revenue from the subsidiary Shenzhen Xingfei, influenced by the macroeconomic environment[39]. - The company plans to issue shares to improve liquidity and reduce debt financing, which is expected to enhance financial status and lower the debt-to-asset ratio[37].