Snowsky Salt(SH:600929)2019-10-28 16:00Financial Position - Total assets at the end of the reporting period amounted to ¥3,569,464,709.40, a decrease of 0.12% compared to the end of the previous year[16] - Total current assets decreased to ¥1,061,021,028.49 from ¥1,178,107,751.15, a decline of approximately 9.94% year-over-year[31] - Total non-current assets increased to ¥2,508,443,680.91 from ¥2,395,686,011.02, reflecting an increase of approximately 4.69%[34] - Total liabilities decreased to ¥944,772,099.74 from ¥1,010,458,586.49, a decrease of about 6.49%[35] - The company’s total equity amounted to ¥2,563,335,175.68, including a paid-in capital of ¥917,751,148.00 and retained earnings of ¥789,253,289.83[59] - The company’s total assets were reported at ¥3,573,793,762.17, reflecting its overall financial position[59] Shareholder Information - Net assets attributable to shareholders of the listed company increased by 2.68% to ¥2,452,265,894.30[16] - The total number of shareholders at the end of the reporting period was 50,068[21] - The largest shareholder, Hunan Light Industry Salt Industry Group Co., Ltd., holds 60.28% of the shares[21] Revenue and Profitability - Operating income for the first nine months was ¥1,546,997,077.77, reflecting a decrease of 6.39% year-on-year[16] - Net profit attributable to shareholders of the listed company reached ¥104,842,745.82, an increase of 10.85% compared to the same period last year[16] - Total operating revenue for Q3 2019 was ¥481,587,240.22, a decrease of 10.1% compared to ¥535,976,577.32 in Q3 2018[41] - Net profit for Q3 2019 reached ¥22,781,208.03, an increase of 23.5% from ¥18,478,265.17 in Q3 2018[42] - The company expects continued growth in net profit for the upcoming quarters, driven by operational efficiencies and market expansion strategies[42] Cash Flow - Net cash flow from operating activities for the first nine months was ¥255,365,154.52, up 63.18% year-on-year[16] - The company reported a net cash flow from operating activities of RMB 255,365,154.52, an increase of 63.18% compared to RMB 156,494,439.92 in the same period last year[26] - Cash inflow from investment activities totaled CNY 57,462,068.04, significantly higher than CNY 498,590.00 in the previous year[52] - Net cash flow from financing activities was -CNY 90,181,067.05, contrasting with a positive cash flow of CNY 422,580,936.77 in the same period of 2018[52] Assets and Liabilities - Accounts receivable increased by 110.45% to RMB 128,015,880.82, primarily due to normal growth in customer payments within the credit period[24] - Long-term borrowings increased by 146.73% to RMB 264,000,000.00, primarily due to increased bank loans[24] - The company reported a total liability of ¥419,398,932.27, an increase from ¥372,262,710.14 in the previous year[40] - The company’s total profit for Q3 2019 was approximately ¥5.15 million, compared to a loss of ¥0.28 million in Q3 2018, indicating a strong recovery[48] Expenses - Research and development expenses for Q3 2019 were ¥22,012,925.77, up 22.0% from ¥18,039,886.29 in Q3 2018[41] - Operating costs for Q3 2019 were approximately ¥116.83 million, a slight decrease from ¥120.64 million in Q3 2018, contributing to improved margins[48] Other Financial Metrics - Basic earnings per share for the third quarter were ¥0.1142, a 4.77% increase compared to the previous quarter[17] - The company reported a significant increase in prepaid expenses to ¥66,828,437.81 from ¥11,686,997.73, a growth of approximately 471.73%[31] - The company reported a long-term investment of ¥14,994,036.73 and other non-current financial assets[57] - The company has long-term equity investments amounting to approximately $1.76 billion, indicating a strong investment position[62]