ISS(SH:600756)2019-10-30 16:00Financial Performance - Net profit attributable to shareholders decreased by 157.28% to a loss of CNY 57,411,993.15 year-on-year[6] - Operating revenue increased by 21.47% to CNY 769,960,686.00 for the period from January to September[6] - The company forecasts a significant decline in net profit attributable to shareholders for the third quarter and the end of the fiscal year compared to the same period last year, primarily due to a substantial decrease in investment income from the associate company Inspur Legin[16] - The net profit for Q3 2019 was a loss of ¥23,824,049.96, compared to a profit of ¥71,643,201.13 in Q3 2018, indicating a significant decline in profitability[30] - The total profit for Q3 2019 was ¥1,090,389.08, down from ¥5,706,624.82 in Q3 2018, indicating a decline in profitability[33] Assets and Liabilities - Total assets decreased by 6.77% to CNY 2,936,971,490.46 compared to the end of the previous year[6] - The company's total assets decreased to ¥2,936,971,490.46 from ¥3,150,317,729.65 at the end of 2018, reflecting a decline of about 6.8%[22] - The total liabilities decreased to ¥584,476,866.82 from ¥712,457,901.75, showing a reduction of approximately 17.9%[22] - The total current assets as of September 30, 2019, were ¥1,794,651,253.97, slightly down from ¥1,841,851,451.31 at the end of 2018[20] - The total assets as of Q3 2019 were ¥2,885,292,670.91, slightly down from ¥2,908,648,516.45 in the previous year[26] Cash Flow - Cash flow from operating activities decreased by 14.99% to a net outflow of CNY 306,313,474.69 compared to the same period last year[15] - The company's cash and cash equivalents in current assets totaled ¥1,003,900,000.00, up from ¥590,000,000.00 in the previous year, showing a growth of 69.9%[25] - Net cash flow from operating activities in Q3 2019 was -¥306.31 million, worsening from -¥266.39 million in Q3 2018[37] - Total cash inflow from operating activities for the first three quarters of 2019 was ¥747.04 million, compared to ¥667.69 million in the same period of 2018, reflecting an increase of 11.91%[40] Inventory and Expenditures - Inventory increased by 36.57% to CNY 195,565,951.30 due to an increase in unfinished projects[12] - Development expenditures surged by 377.08% to CNY 40,243,851.39, primarily due to ongoing development projects[12] - Research and development expenses for Q3 2019 amounted to ¥64,509,576.20, a decrease of 22% from ¥82,624,303.83 in Q3 2018[29] Investment Income - Investment income fell by 77.73% to CNY 52,790,501.40 due to a decline in net profit from an associated company[13] - The company reported an investment loss of ¥2,754,715.90 in Q3 2019, a significant decrease from the investment income of ¥109,920,337.25 in Q3 2018[30] - Cash received from investment income in Q3 2019 was ¥23.70 million, a decrease of 6.98% from ¥25.48 million in Q3 2018[41] Equity - The equity attributable to shareholders decreased to ¥2,351,959,454.85 from ¥2,437,362,614.16, a decline of about 3.5%[22] - The total equity decreased to ¥1,716,039,402.14 in Q3 2019 from ¥1,792,237,779.24 in Q3 2018, reflecting a decline of 4.2%[26] Financial Standards - The company has implemented new financial instrument standards effective January 1, 2019, impacting the financial reporting[46] - The company has adopted new financial instrument standards effective January 1, 2019, impacting the reporting of financial assets and liabilities[51]