Yuancheng gold(SH:600766)2019-10-29 16:00Financial Performance - Operating revenue surged by 250.22% to CNY 24,743,897.63 for the first nine months of the year[6] - Net profit attributable to shareholders decreased by 22.78% to CNY 494,776.20 compared to the same period last year[6] - Basic and diluted earnings per share fell by 26.67% to CNY 0.0022[7] - The weighted average return on net assets decreased by 0.19 percentage points to 0.96%[7] - The company's net loss for the first three quarters of 2019 was ¥399,782,952.96, slightly improved from a loss of ¥399,843,163.63 in the same period of 2018[24] - The total comprehensive income for the third quarter of 2019 was -CNY 493,974.41, compared to CNY 423,854.33 in the same quarter of 2018, indicating a decline in performance[33] - The total comprehensive income attributable to the parent company for Q3 2019 was ¥140,019.85, compared to ¥423,915.85 in Q3 2018, showing a decline in comprehensive income[29] Cash Flow - Net cash flow from operating activities was negative at CNY -5,156,464.73, compared to CNY -946,352.70 in the previous year[6] - The net cash flow from operating activities for the first three quarters of 2019 was -CNY 5,156,464.73, compared to -CNY 946,352.70 in the previous year, indicating a worsening performance[35] - The company recorded cash outflows from operating activities totaling CNY 28,458,721.15 in the first three quarters of 2019, compared to CNY 4,951,580.83 in the same period of 2018, marking a significant increase[35] - The company reported total cash inflows from financing activities of CNY 21,734,300.00 in the first three quarters of 2019, up from CNY 3,502,800.00 in the same period of 2018, reflecting a growth of approximately 520.5%[36] - The net cash flow from financing activities for the first three quarters of 2019 was CNY 3,822,300.00, compared to CNY 802,800.00 in the previous year, showing an increase of approximately 376.5%[36] Assets and Liabilities - Total assets increased by 1.14% to CNY 160,813,928.77 compared to the end of the previous year[6] - The total liabilities stood at RMB 109,023,252.11, compared to RMB 107,533,965.20 in the previous year, indicating a slight increase[20] - The company’s total equity attributable to shareholders was RMB 51,790,676.66, a marginal increase from RMB 51,471,230.40 in the previous year[20] - Total current assets amounted to CNY 107,828,972.89, with cash and cash equivalents at CNY 1,592,105.86 and accounts receivable at CNY 978,515.02[42] - Non-current assets totaled CNY 51,176,222.71, including long-term equity investments of CNY 37,930,645.87 and intangible assets of CNY 2,145,920.26[42] - The total liabilities were equal to total assets, indicating a balanced financial structure[44] Shareholder Information - The total number of shareholders reached 35,988[12] - The largest shareholder, Xu Chengdong, holds 28.83% of the shares, totaling 64,640,000 shares[12] Operational Efficiency - Accounts receivable surged to RMB 5,565,841.00, reflecting a dramatic increase of 468.80% from RMB 978,515.02 due to higher sales in the current period[13] - The impairment loss on assets rose to RMB 853,739.38, up 74.64% from RMB 488,869.99, reflecting increased provisions for asset impairment[13] - The company reported a total of CNY 103,092,448.88 in inventory, which is critical for operational efficiency[42] Future Plans - The company plans to focus on market expansion and new product development in the upcoming quarters[27] - The company plans to focus on market expansion and new product development to drive future growth, although specific figures were not disclosed in the report[30]