SXBN(SH:600831)2019-10-30 16:00Financial Performance - Operating revenue for the first nine months was CNY 1,958,849,043.86, down 10.50% year-on-year[6] - Net profit attributable to shareholders decreased by 26.53% to CNY 87,141,081.92 compared to the same period last year[6] - Basic earnings per share decreased by 33.67% to CNY 0.130[6] - Total revenue for Q3 2019 was ¥536,115,884.69, a decrease of 18% compared to ¥653,339,578.18 in Q3 2018[30] - Net profit for the first three quarters of 2019 was ¥1,958,849,043.86, compared to ¥2,188,640,075.83 in the same period of 2018, indicating a decline of about 10.5%[30] - The company's operating profit for the first three quarters of 2019 was approximately ¥81.73 million, down from ¥111.89 million in the same period of 2018, a decrease of 26.9%[34] - The net profit for Q3 2019 was approximately ¥2.49 million, compared to ¥1.36 million in Q3 2018, representing an increase of 83.1%[32] Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,026,150,450.30, a decrease of 0.30% compared to the end of the previous year[6] - Total non-current liabilities decreased by 36.10% to ¥992,628,166.84, primarily due to convertible bonds being converted into shares[12] - Total liabilities decreased to ¥3,693,173,468.53 from ¥4,288,321,455.67, representing a reduction of approximately 13.9%[30] - The total assets as of Q3 2019 amounted to 8,049,951,087.03 RMB, unchanged from the previous year[43] - Total liabilities reached RMB 4,288,321,455.67, with current liabilities at RMB 2,771,488,840.81 and non-current liabilities at RMB 1,516,832,614.86[46] Shareholder Information - Net assets attributable to shareholders increased by 20.99% to CNY 3,845,820,918.48 compared to the end of the previous year[6] - The number of shareholders at the end of the reporting period was 69,207[9] - The largest shareholder, Shaanxi Broadcasting Television Group Co., Ltd., held 29.29% of the shares[9] Cash Flow - Cash flow from operating activities for the first nine months was CNY 30,116,466.35, a significant decrease of 90.43% compared to the previous year[6] - Cash flow from operating activities decreased by 90.43% to ¥30,116,466.35, mainly due to a reduction in government subsidies received[15] - Cash flow from operating activities for the first three quarters was 1,709,973,707.82 RMB, down from 2,056,409,277.41 RMB in the same period last year[36] - The net cash flow from operating activities for Q3 2019 was 27,037,457.10 RMB, a significant decrease of 93% compared to 391,576,239.78 RMB in Q3 2018[39] Investment and Expenditure - Development expenditure increased by 214.99% to ¥4,181,465.70, primarily due to technology innovation project expenses from a subsidiary[12] - Investment activity cash inflow increased by 112.20% to ¥663,901,759.08, mainly due to an increase in cash received from investment recoveries[15] - The company recorded a cash inflow from investment recovery of 451,850,000.00 RMB, a substantial increase from 50,000,000.00 RMB in the same quarter last year[39] Changes in Financial Position - Cash and cash equivalents net increase was negative at -¥176,638,219.84, resulting from a decrease in cash flow from financing activities[16] - Cash and cash equivalents decreased from approximately 650.60 million RMB at the end of 2018 to approximately 473.96 million RMB by September 30, 2019[23] - The cash and cash equivalents at the end of Q3 2019 were 322,153,155.18 RMB, a decrease from 452,089,135.39 RMB in Q3 2018[39] Management and Corporate Actions - The company appointed new executives, including Fan Dong, Zhang Yanbing, and Zhang Yun as vice presidents, and Li Wenhua as the marketing director, following the resignation of two vice presidents[18] - The company plans to use up to 300 million RMB of idle raised funds to temporarily supplement working capital and 240 million RMB for cash management[20] - The company won a bid for the construction and equipment procurement of the public safety video surveillance project in Tongchuan City, with a contract value of approximately 377.22 million RMB[20] Miscellaneous - The company has not indicated any significant changes in net profit expectations for the year compared to the previous year[21] - The company's research and development expenses were not specified in the provided data, indicating a potential area for further analysis[34] - The company has not disclosed any new product developments or market expansion strategies in the provided data[34]