Chunlan(SH:600854)2019-10-30 16:00Financial Performance - Operating revenue for the first nine months dropped by 74.00% to CNY 152,922,738.58 compared to the same period last year[5] - Net profit attributable to shareholders decreased by 58.36% to CNY 43,152,920.71 year-on-year[5] - Operating revenue for Q3 2019 was CNY 152,922,738.58, a decrease of 74% compared to CNY 588,172,518.53 in the same period last year, primarily due to poor air conditioning sales and a reduction in real estate sales[13] - Net profit for the first three quarters of 2019 was CNY 152,922,738.58, compared to CNY 588,172,518.53 in the same period of 2018, indicating a significant decline[26] - The company reported a total profit loss of ¥39,158,896.70 for Q3 2019, contrasting with a profit of ¥77,487,576.44 in Q3 2018, indicating a significant downturn[31] - The net profit for Q3 2019 was a loss of ¥32,217,100.73, compared to a profit of ¥56,599,151.92 in the same period last year[33] - The company reported a total comprehensive loss of ¥43,713,587.12 for Q3 2019, compared to a comprehensive income of ¥33,750,946.43 in Q3 2018[29] Assets and Liabilities - Total assets decreased by 5.63% to CNY 2,119,682,080.71 compared to the end of the previous year[5] - The total assets as of September 30, 2019, were CNY 2,119,682,080.71, down from CNY 2,246,103,131.88 at the end of 2018[20] - The total liabilities decreased to CNY 257,555,780.06 from CNY 399,500,646.98, indicating a reduction in financial obligations[19] - Total liabilities reached CNY 399,500,646.98, with non-current liabilities at CNY 105,306,729.40[42] - Total liabilities amounted to 87.32 million, with non-current liabilities increasing to 12.34 million due to deferred tax liabilities[47] Cash Flow - Cash flow from operating activities improved significantly to CNY 57,167,009.15, compared to a negative cash flow of CNY -100,775,320.58 in the same period last year[5] - The net cash flow from operating activities was CNY 57,167,009.15, a significant improvement from a negative CNY 100,775,320.58 in the previous year[14] - Cash inflow from investment activities for the first three quarters of 2019 was ¥53,071,230.60, up from ¥38,591,579.66 in the previous year[36] - Cash outflow from financing activities in Q3 2019 totaled ¥141,705,675.94, compared to ¥23,493,440.76 in the same period last year[36] - The company reported a total cash inflow from operating activities of ¥183,905,425.79 for the first three quarters of 2019[35] Shareholder Information - The number of shareholders reached 30,914 at the end of the reporting period[9] - The largest shareholder, Chunlan Group, holds 25.34% of the shares[9] Receivables and Inventory - Accounts receivable decreased by 51.23% to CNY 13,408,428.77 compared to the previous period[11] - Prepayments decreased by 73.75% to CNY 5,912,819.11, mainly due to reduced advance payments for air conditioning purchases[11] - Inventory levels rose to CNY 125,626,237.37, up from CNY 113,816,733.60 in 2018, indicating potential challenges in sales[22] Investment and Research - Investment income decreased by 30.02% to CNY 54,502,457.77 from CNY 77,884,501.87, mainly due to a reduction in investment dividends[13] - The company reported a significant increase in research and development expenses to CNY 359,040.56 in Q3 2019, compared to CNY 139,375.50 in Q3 2018[27] - Research and development expenses increased to ¥313,877.76 in Q3 2019 from ¥4,765.50 in Q3 2018, marking a substantial rise[31] Other Financial Metrics - The weighted average return on equity decreased by 2.9989 percentage points to 2.1643%[5] - Other comprehensive income increased to CNY 10,178,170.68, attributed to changes in accounting policies and increases in investment fair value[13] - The company reported a net loss of CNY 579,625,029.54 in retained earnings, an improvement from a loss of CNY 591,610,437.97 in the previous year[20] - The company's equity attributable to shareholders was CNY 1,982,650,600.45, reflecting an increase of CNY 21,102,840.25[42]