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江苏索普(600746) - 2019 Q3 - 季度财报
SOPOSOPO(SH:600746)2019-10-29 16:00

Financial Performance - Operating revenue decreased by 32.09% to CNY 257,822,686.80 for the period from January to September[18] - Net profit attributable to shareholders was a loss of CNY 7,030,373.17, compared to a loss of CNY 1,266,299.71 in the same period last year[18] - The company's operating revenue for the third quarter of 2019 was CNY 83,936,282.17, a decrease of 23.06% compared to CNY 109,260,893.84 in the same period of 2018[53] - The net profit for the first three quarters of 2019 was CNY 48,305,823.87, down from CNY 54,958,197.04 in the same period of 2018, indicating a decline of approximately 12.03%[52] - The company reported a net profit of -5,888,848.10 RMB, compared to a net profit of 1,433,770.64 RMB in the same period last year, indicating a significant decline[56] - Operating profit was -7,853,297.47 RMB, a decrease from 1,964,346.68 RMB year-over-year, reflecting operational challenges[56] - Total comprehensive income amounted to -5,124,892.82 RMB, compared to -6,988,513.56 RMB in the same period last year, showing a slight improvement[58] - The company’s total revenue from sales of goods and services was 257,684,619.40 RMB, a decrease from 320,124,428.77 RMB year-over-year[58] Assets and Liabilities - Total assets increased by 12.56% to CNY 597,119,426.05 compared to the end of the previous year[18] - The company's total liabilities increased to CNY 95,005,514.47 as of September 30, 2019, compared to CNY 60,302,406.98 at the end of 2018, reflecting a rise of about 57.67%[50] - Cash and cash equivalents decreased by 54.18% to RMB 34,663,983.67 compared to the previous year-end[28] - The company recorded cash and cash equivalents of 34,663,983.67 RMB at the end of the period, down from 223,978,114.96 RMB at the beginning of the year[60] - The company’s total assets included cash and cash equivalents of 75,645,824.37 RMB at the beginning of the year, indicating liquidity challenges[60] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,911[25] - The largest shareholder, Jiangsu Sop Group Co., Ltd., held 55.82% of the shares[25] - The controlling shareholder, Sop Group, has increased its stake in the company by purchasing 3,079,100 shares at an average price of RMB 6.52 per share, totaling RMB 20.08 million[39] Cash Flow - Net cash flow from operating activities was CNY 87,601,980.66, a significant improvement from a negative CNY 30,751,034.19 in the same period last year[18] - Cash flow from operating activities generated a net inflow of 87,601,980.66 RMB, a turnaround from a net outflow of -30,751,034.19 RMB in the previous year[58] - The company incurred total operating expenses of 10,041,840.39 RMB, compared to 1,812,131.11 RMB in the previous year, indicating increased costs[56] - The company’s investment activities resulted in a net cash outflow of -123,275,715.15 RMB, slightly better than the previous year's outflow of -124,680,420.35 RMB[60] Asset Management - Accounts receivable increased by 134.11% to RMB 8,162,466.81, primarily due to increased electricity receivables from Sop Group[30] - Construction in progress increased by 599.23% to RMB 52,984,886.11, mainly due to progress payments for air separation projects[30] - Other payables increased by 145.70% to RMB 2,322,736.08, primarily due to the accrual of major repair costs during the reporting period[30] - Investment income decreased by 31.15% to RMB 3,779,353.78, mainly due to reduced income from financial products compared to the previous year[30] - The company reported a 154.89% increase in asset impairment losses, primarily due to provisions for price declines of the ADC product[30] Equity and Earnings - Net assets attributable to shareholders increased by 6.79% to CNY 502,113,911.58 compared to the end of the previous year[18] - The company's total equity increased to CNY 502,113,911.58 as of September 30, 2019, from CNY 470,180,412.57 at the end of 2018, showing a growth of approximately 6.78%[52] - Basic earnings per share was -0.0229 CNY per share[20] - The basic earnings per share were reported at -0.0192 RMB, compared to -0.0229 RMB in the same period last year[58] - The weighted average return on net assets was -1.5065%[20] Government Support - The company reported a government subsidy related to normal business operations amounting to CNY 2,052,000.00[24] Research and Development - Research and development expenses for the third quarter of 2019 were CNY 6,601.03, compared to CNY 1,388.35 in the same period of 2018, indicating an increase in investment in innovation[53]