ZLC(SH:600818)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders was a loss of ¥24,079,673, compared to a profit of ¥13,898,376 in the same period last year[6]. - Operating revenue increased by 12.10% to ¥453,590,141.72 for the first nine months of the year[6]. - The company's net profit for Q3 2019 was -32,631,701.49 RMB, a decrease of 586.56% compared to the same period last year, primarily due to the impact of total profit composition and income tax expenses[12]. - Operating profit for the period was -30,145,527.84 RMB, a decline of 371.36% year-over-year, attributed to increased restructuring costs and reduced gains from equity sales[12]. - The company reported a significant decrease in investment income, down 80.38% to 7,503,539.14 RMB, mainly due to the previous year's profit from the sale of equity in Ruilong Futures[12]. - Total operating revenue for Q3 2019 was approximately ¥156.97 million, a decrease of 3.1% compared to ¥162.48 million in Q3 2018[27]. - Total operating costs for Q3 2019 were approximately ¥161.68 million, down 2.9% from ¥166.29 million in Q3 2018[27]. - Net profit for Q3 2019 was approximately ¥2.29 million, compared to a net profit of ¥0.46 million in Q3 2018, indicating a significant improvement[28]. - The company experienced a net loss of approximately ¥32.63 million for the first three quarters of 2019, compared to a profit of ¥6.71 million in the same period of 2018[28]. - The company’s total operating revenue for the first three quarters of 2019 was approximately ¥453.59 million, an increase of 12.1% from ¥404.65 million in the same period of 2018[27]. Cash Flow and Liquidity - Cash flow from operating activities improved significantly to ¥22,907,395.87, compared to a negative cash flow of ¥125,975,424.05 in the same period last year[6]. - Cash flow from operating activities showed a net inflow of 22,907,395.87 RMB, a substantial improvement compared to -125,975,424.05 RMB in the same period last year[12]. - The net cash flow from operating activities for the first three quarters of 2019 was ¥22.91 million, a significant improvement from a net outflow of ¥125.98 million in the same period of 2018[33]. - Cash inflow from financing activities was recorded at ¥215,000,000.00, with cash outflow totaling ¥104,155,558.98, leading to a net cash flow of -¥104,155,558.98[36]. - The net cash flow from operating activities for Q3 2019 was ¥26,031,520.31, a significant improvement compared to a net outflow of ¥53,092,328.09 in Q3 2018[36]. Assets and Liabilities - Total assets decreased by 11.03% to ¥918,004,894 compared to the end of the previous year[6]. - Total assets decreased from CNY 1,031,784,519.97 in Q2 2019 to CNY 918,004,894.00 in Q3 2019, a decline of approximately 10.96%[20]. - Non-current liabilities decreased from CNY 144,053,886.97 in Q2 2019 to CNY 112,186,207.40 in Q3 2019, a reduction of about 22.09%[20]. - Current liabilities decreased from CNY 245,078,075.13 in Q2 2019 to CNY 211,870,225.72 in Q3 2019, a decline of approximately 13.5%[20]. - Total liabilities decreased from CNY 389,131,962.10 in Q2 2019 to CNY 324,056,433.12 in Q3 2019, a decrease of approximately 16.74%[20]. - Shareholders' equity decreased from CNY 642,652,557.87 in Q2 2019 to CNY 593,948,460.88 in Q3 2019, a decline of about 7.57%[20]. - The company’s total liabilities and shareholders' equity totaled CNY 918,004,894.00 in Q3 2019, matching the total assets[20]. Shareholder Information - The number of shareholders reached 32,486, with the largest shareholder holding 40.92% of the shares[9]. Investment and Development - The company plans to expand its wind energy projects, as indicated by a 115.84% increase in construction in progress[11]. - The company has initiated the construction of a 10 MW high-altitude wind power project in Jixi, with an initial investment estimate increased from 93 million RMB to 175 million RMB[14]. - The company is actively pursuing the development of a large-scale, multifunctional cultural tourism service area in the Nanliu Highway region, seeking potential partners for collaboration[13]. Expenses and Costs - Management expenses increased by 37.22% to 39,489,619.18 RMB, primarily due to additional restructuring costs incurred during the period[12]. - Research and development expenses increased to approximately ¥8.19 million in Q3 2019, up 47.8% from ¥5.54 million in Q3 2018[27]. - Cash paid for purchasing goods and services was ¥371,509,100.25, compared to ¥339,511,290.54 in the previous year, indicating a 9.4% increase[36]. Reclassifications and Adjustments - The reclassification of "financial assets measured at fair value with changes recognized in profit or loss" to "trading financial assets" resulted in a decrease of 403,761.16 in the former and an increase of 403,761.16 in the latter[43]. - The reclassification of "available-for-sale equity instruments" to "financial assets measured at fair value with changes recognized in profit or loss" led to a decrease of 369,857,445.31 in available-for-sale financial assets and an increase of 369,857,445.31 in other non-current financial assets[43]. - Other comprehensive income decreased by 87,284,694.20 while retained earnings increased by the same amount due to the reclassification[43].