金开新能(600821) - 2019 Q3 - 季度财报

Financial Performance - Operating income for the first nine months decreased by 53.85% to CNY 56,148,587.20 compared to the same period last year[10]. - Net profit attributable to shareholders was a loss of CNY 135,942,424.42, a 25.75% increase in loss compared to the same period last year[10]. - Basic earnings per share decreased by 26.92% to CNY -0.33 compared to the same period last year[10]. - The weighted average return on net assets decreased by 55.96 percentage points to -79.48% compared to the same period last year[10]. - The company reported a net loss of RMB 589,714,199.49, worsening by 30.31% compared to a loss of RMB 452,550,863.66 in the previous year[24]. - Total operating revenue for Q3 2019 was CNY 9,061,636.76, a decrease of 71.5% compared to CNY 31,742,070.38 in Q3 2018[47]. - Net loss for Q3 2019 was CNY -45,709,870.12, compared to a net loss of CNY -30,842,410.61 in Q3 2018[47]. - The overall comprehensive loss for Q3 2019 was CNY 55,468,181.24, compared to a loss of CNY 29,832,327.45 in Q3 2018, indicating a deteriorating financial position[64]. Assets and Liabilities - Total assets decreased by 6.19% to CNY 1,220,057,685.50 compared to the end of the previous year[10]. - Total liabilities as of September 30, 2019, were CNY 1,110,461,124.69, compared to CNY 1,056,116,251.32 at the end of 2018[44]. - The total amount of accounts payable was ¥135,242,282.42, indicating stable operational liabilities[79]. - The company’s total liabilities included short-term borrowings of ¥338,000,000.00, indicating a stable level of short-term debt obligations[77]. - Total liabilities amounted to approximately $1,056.12 million[88]. - Non-current liabilities totaled approximately $734.91 million[88]. Cash Flow - Net cash flow from operating activities was a negative CNY 83,116,848.81, a decrease of 603.39% compared to the same period last year[10]. - Cash flow from operating activities for the first three quarters of 2019 was negative CNY 83,116,848.81, compared to positive CNY 16,511,401.54 in the same period of 2018[69]. - Cash inflow from financing activities in Q3 2019 was CNY 509,450,000.00, significantly higher than CNY 274,000,000.00 in Q3 2018[69]. - The total operating cash inflow was ¥60,354,072.02, significantly lower than ¥173,351,788.79 in the previous year, highlighting a decline in revenue generation[71]. Shareholder Equity - Net assets attributable to shareholders decreased by 57.24% to CNY 102,448,125.03 compared to the end of the previous year[10]. - Shareholders' equity as of September 30, 2019, was CNY 204,388,999.06, down from CNY 337,031,440.54 at the end of 2018[44]. - The company's total equity attributable to shareholders was ¥239,611,460.86, reflecting a decrease in undistributed profits to -¥452,550,863.66[82]. Operational Challenges - Operating costs decreased by 55.82% to RMB 42,383,843.68 from RMB 95,931,283.48, primarily due to reduced sales volume influenced by online shopping factors[21]. - The company reported a significant increase in tax and additional charges, totaling RMB 12,235,567.36, up 235.49% from RMB 3,647,086.24, mainly due to increased property tax[21]. - The company experienced a 100% decrease in other income, which fell to RMB 0 from RMB 107,714.07, attributed to reduced stability subsidies[21]. - The company is undergoing a significant asset restructuring and capital raising plan, pending approval from regulatory authorities, which introduces uncertainty regarding its implementation timeline[25]. Investment and Financing - The company reported a significant increase in other payables, rising to CNY 523,986,379.54 from CNY 263,923,380.96 year-over-year[43]. - The company incurred financial expenses of ¥16,669,493.20, which included interest expenses of ¥16,596,123.34[51]. - Investment losses totaled ¥11,433,678.73, primarily from equity investments in joint ventures[54]. - The company paid ¥425,150,000.00 in debt repayments during the period, an increase from ¥310,660,220.49 in the same period last year, indicating a higher debt servicing burden[74].