GEM-YEAR(SH:601002)2019-10-28 16:00Financial Performance - Net profit attributable to shareholders increased by 5.75% to CNY 126,408,123.63 year-to-date[6] - Operating revenue decreased by 3.78% to CNY 2,355,809,271.42 compared to the same period last year[10] - The company reported no significant changes in net profit or major losses compared to the previous year[23] - Total operating revenue for Q3 2019 was ¥710,140,804.56, a decrease of 20.7% compared to ¥895,618,001.47 in Q3 2018[33] - Net profit for Q3 2019 was ¥42,275,390.16, a decline of 33.9% from ¥63,971,265.12 in Q3 2018[34] - The net profit attributable to the parent company was ¥44,736,992.25, down from ¥59,467,978.32 in the same quarter last year, representing a decline of about 25%[36] - The total comprehensive income attributable to the parent company was ¥44,736,992.25, reflecting a decrease from ¥59,467,978.32 in the previous year[36] Cash Flow - Net cash flow from operating activities was CNY 307,224,420.83, a significant improvement from a negative cash flow of CNY -8,056,370.02 in the previous year[10] - Cash flow from operating activities for the first nine months of 2019 was CNY 307,224,420.83, a significant improvement from a negative cash flow of CNY 8,056,370.02 in the same period of 2018[45] - The company's total operating cash inflow for Q3 2019 was CNY 2,661,331,526.22, compared to CNY 2,839,653,302.02 in Q3 2018, a decline of 6.3%[45] - The total cash outflow from financing activities in Q3 2019 was CNY 223,529,309.26, compared to CNY 88,081,193.31 in Q3 2018, indicating a significant increase in cash outflow[46] - Cash inflow from financing activities decreased to CNY 10,000,000.00 in 2019 from CNY 177,000,000.00 in 2018, reflecting a decline of about 94.4%[49] Assets and Liabilities - Total assets decreased by 6.58% to CNY 4,431,167,947.23 compared to the end of the previous year[6] - The company's current assets totaled RMB 2,970,877,733.49, down from RMB 3,270,113,260.70 at the end of 2018, indicating a decline of approximately 9.1%[25] - Total liabilities decreased to RMB 1,482,305,254.76 from RMB 1,922,141,496.66, indicating a decline of approximately 22.9%[27] - Total assets decreased to ¥4,069,996,309.05 in Q3 2019 from ¥4,474,617,859.13 in Q3 2018, a reduction of 9.1%[32] - Total liabilities decreased to ¥1,340,828,740.71 in Q3 2019 from ¥1,878,281,884.42 in Q3 2018, a decline of 28.6%[32] Shareholder Information - The number of shareholders reached 74,210, with the largest shareholder holding 41.35% of the shares[8] - The company's equity attributable to shareholders increased to RMB 2,704,302,205.19 from RMB 2,573,009,458.75, showing an increase of about 5.1%[27] Research and Development - Research and development expenses increased by 89.07% to CNY 81,702,143.79, primarily due to increased technical service fees[10][11] - Research and development expenses increased to ¥36,591,623.67 in Q3 2019, up 72.3% from ¥21,227,397.63 in Q3 2018[33] - Research and development expenses increased significantly to ¥32,962,042.89, up from ¥16,467,212.79 in Q3 2018, marking a growth of approximately 99.9%[39] Inventory and Receivables - Inventory decreased by 19.17% to ¥1,548,840,976.79, attributed to reduced raw material purchases and increased sales[12] - Accounts receivable decreased to RMB 690,549,783.69 from RMB 727,910,569.18, reflecting a decline of approximately 5.1%[25] Investment Activities - Investment activities generated a net cash outflow of CNY -44,802,461.24, a decrease from a positive cash flow in the previous year[10] - The company reported total cash inflow from investment activities of CNY 1,219,911,852.15 for the first nine months of 2019, compared to CNY 1,040,850,531.20 in 2018, marking an increase of 17.2%[45] Future Plans - The company plans to focus on market expansion and new product development in the upcoming quarters[34]