EASTCOM(SH:600776)2019-10-28 16:00Financial Performance - Operating revenue for the first nine months was CNY 1,802,774,735.79, an increase of 15.43% year-on-year[11] - Net profit attributable to shareholders was CNY 53,797,177.01, representing a decrease of 29.86% compared to the same period last year[11] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 41,233,667.62, an increase of 32.25% year-on-year[11] - Basic earnings per share were CNY 0.0428, down 29.86% from the previous year[11] - The company reported a significant increase in development expenditures, which rose by 136.78% to 16,851,578.90 RMB, driven by increased investment in smart self-service device module development[17] - The company reported a 94.27% increase in non-operating income, which rose to 6,814,155.99 RMB, primarily due to increased government subsidies[19] - The company’s total profit for the first three quarters of 2019 was ¥70,181,661.75, down from ¥97,746,608.72 in the same period of 2018[41] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,766,469,364.84, a decrease of 0.96% compared to the end of the previous year[11] - The company reported a decrease in net assets attributable to shareholders of CNY 3,052,212,994.40, down 0.70% from the previous year[11] - The company's cash and cash equivalents decreased by 34.58%, from 1,060,642,541.71 RMB at the beginning of the year to 693,885,568.86 RMB at the end of the reporting period[17] - Accounts receivable increased by 36.65%, rising from 808,998,796.00 RMB to 1,105,475,486.86 RMB, attributed to business growth[17] - Total liabilities decreased to CNY 672,325,469.58 from CNY 686,464,914.20[26] - The total equity attributable to shareholders decreased to CNY 3,052,212,994.40 from CNY 3,073,877,813.82[27] Cash Flow - The net cash flow from operating activities for the first nine months was CNY -296,675,963.60, slightly improved from CNY -298,945,977.18 in the previous year[11] - The cash inflow from investment activities increased to CNY 588,149,608.59 in 2019, up from CNY 502,243,369.56 in 2018[49] - The net cash flow from investment activities was CNY 459,382,254.44, significantly higher than CNY 268,282,697.03 in the previous year[49] - The cash outflow for financing activities was CNY 76,625,808.32, slightly down from CNY 77,509,298.40 in 2018[51] - The net increase in cash and cash equivalents for the first three quarters of 2019 was CNY 85,931,797.65, contrasting with a decrease of -CNY 109,816,094.22 in the same period of 2018[51] Shareholder Information - As of the end of the reporting period, the total number of shareholders was 178,998, with the largest shareholder, Putian Oriental Communication Group Co., Ltd., holding 548,149,552 shares, accounting for 43.64% of the total shares[15] Government Subsidies and Non-Recurring Items - Government subsidies recognized in the current period amounted to CNY 2,387,497.11, compared to CNY 6,746,937.60 in the previous year[13] - Non-recurring gains and losses totaled CNY 1,674,385.78 for the current period, down from CNY 12,563,509.39 in the previous year[13] Inventory and Current Assets - Inventory rose to CNY 879,179,414.06, up from CNY 758,190,414.45, indicating an increase of about 15.9%[22] - The total amount of other current assets increased by 31.11%, reaching 11,746,732.70 RMB, mainly due to an increase in input VAT credits[17] Financial Standards and Reporting Changes - The company executed new financial instrument standards starting January 1, 2019, impacting financial reporting[64] - The company has implemented new financial instrument standards, affecting the classification of certain financial assets[70]