DHCT(SH:600844)2019-10-30 16:00Financial Performance - Operating revenue for the first nine months decreased by 33.63% to CNY 670,884,346.59 compared to the same period last year[6] - Net profit attributable to shareholders was a loss of CNY 224,715,770.55, a decrease of 7,822.63% compared to the same period last year[6] - Basic and diluted earnings per share were both CNY -0.2211, a decrease of 7,724.14% compared to the same period last year[7] - Total revenue for Q3 2019 was ¥153,603,689.71, a decrease from ¥400,388,303.43 in Q3 2018, representing a decline of approximately 61.7%[28] - Net loss for the first three quarters of 2019 was ¥620,313,869.12, slightly improved from a loss of ¥610,477,423.46 in the same period of 2018[27] - The net profit for Q3 2019 was -145,888,194.37 RMB, compared to a profit of 54,333,172.67 RMB in the same quarter of the previous year, indicating a significant decline[29] - The total profit for the period was -145,295,714.05 RMB, down from 53,517,671.20 RMB year-over-year[29] - The company's operating profit was -140,050,639.79 RMB, a decrease from 45,809,859.29 RMB in Q3 2018[29] - The total profit for the first three quarters of 2019 was -9,836,445.66 RMB, compared to -8,907,269.65 RMB in the same period of 2018[34] Assets and Liabilities - Total assets increased by 3.23% to CNY 3,501,663,624.75 compared to the end of the previous year[6] - Net assets attributable to shareholders decreased by 10.58% to CNY 1,899,645,848.89 compared to the end of the previous year[6] - Total liabilities reached ¥192,843,808.68, up from ¥182,951,772.13 at the end of 2018, reflecting an increase of approximately 5.0%[26] - The total equity attributable to shareholders was ¥1,899,645,848.89, down from ¥2,124,361,619.44 in the previous year, reflecting a decrease of approximately 10.6%[26] - The company reported a total of ¥1,032,186,823.57 in liabilities, which is an increase from ¥634,927,637.48 in the previous year[26] Cash Flow - Cash flow from operating activities decreased by 3.32% to CNY 305,772,152.78 compared to the same period last year[6] - The net cash flow from investment activities decreased by 285.23% to -¥421,502,548.70, indicating increased investments during the period[14] - The net cash flow from investment activities was -421,502,548.70 RMB, compared to -227,561,706.00 RMB in the previous period, indicating a significant increase in cash outflow[38] - The net cash flow from financing activities was 77,620,427.97 RMB, a recovery from -139,295,287.52 RMB in the previous period, showing improved financing conditions[38] - Operating activities generated a net cash flow of -8,016,396.03 RMB, slightly worse than -7,927,998.14 RMB in the previous period, reflecting ongoing operational challenges[40] Inventory and Receivables - Accounts receivable decreased by 38.78% to CNY 42,448,956.69 compared to the previous period[10] - Inventory increased by 157.39% to CNY 404,423,216.36 compared to the previous period[10] - Inventory increased significantly to ¥404,423,216.36 from ¥157,127,002.89, indicating a rise in stock levels[19] Shareholder Information - The number of shareholders reached 46,682 at the end of the reporting period[8] Expenses - Sales expenses increased by 35.22% to ¥64,899,342.64, primarily due to increased transportation costs[14] - Research and development expenses for the first three quarters of 2019 were ¥30,875,822.02, compared to ¥26,399,672.15 in the same period of 2018, showing an increase of about 16.5%[28] - The management expenses for Q3 2019 were 3,124,995.04 RMB, compared to 2,163,614.50 RMB in Q3 2018, reflecting an increase of approximately 44.5%[33] - The financial expenses for Q3 2019 were 1,603,332.66 RMB, slightly up from 1,601,149.55 RMB in Q3 2018[33] Production and Operations - The subsidiary Tongliao Jinmei produced 17,500 tons of ethylene glycol and 16,200 tons of oxalic acid, with production down by 63.77% and 31.65% respectively due to maintenance shutdowns[16] - The company is in the process of a major asset restructuring involving the acquisition of 100% equity in Jiangsu Silbon Petrochemical Co., Ltd[16]