Yulong Gold(SH:601028)2019-10-30 16:00Financial Performance - Operating revenue for the first nine months was CNY 258,424,274.56, down 78.42% year-on-year[11]. - Net profit attributable to shareholders was a loss of CNY 12,706,997.46, representing a decline of 114.63% compared to the same period last year[11]. - Basic and diluted earnings per share were both CNY -0.0162, a decline of 114.73% year-on-year[13]. - Total operating revenue for Q3 2019 was ¥78,389,615.14, a decrease of 75% compared to ¥313,216,680.43 in Q3 2018[65]. - Net profit for Q3 2019 was -¥4,434,570.51, compared to a net profit of ¥631,343.16 in Q3 2018, indicating a significant loss[72]. - The company reported a total comprehensive income of -¥4,434,570.51 for Q3 2019, contrasting with a comprehensive income of ¥631,343.16 in the same period last year[74]. - The company reported a net profit of -3,981,938.57, compared to a net profit of 10,750,584.80 in the same quarter last year, indicating a significant decline[79]. - The total profit (loss) before tax was -3,979,220.00, compared to 9,137,500.67 in the same quarter last year, reflecting a downturn in profitability[79]. Cash Flow - Net cash flow from operating activities was negative at CNY -143,398,550.32, compared to CNY -27,448,199.79 in the previous year[11]. - Cash flow from operating activities showed a net outflow of -143,398,550.32, compared to -27,448,199.79 in the same period last year, highlighting cash management issues[84]. - Net cash flow from investment activities was ¥236,242,198.63, an increase of ¥913,502,376.65 year-on-year, primarily from the proceeds of equity transfer[40]. - Total cash inflow from investment activities reached $1.95 billion, compared to $508.37 million in the prior period[91]. - The company reported a cash inflow of $1.94 billion from recovering investments, a notable increase from $369.40 million previously[91]. - Cash outflow related to operating activities totaled $257.17 million, down from $1.50 billion last year[91]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,119,111,299.85, a decrease of 25.23% compared to the end of the previous year[11]. - Current liabilities totaled CNY 82,460,609.07, compared to CNY 405,983,352.58 in the previous year, indicating a significant reduction[56]. - Total non-current assets were CNY 94,424,861.82, down from CNY 877,596,745.78 in the previous year, showing a decline of about 89%[60]. - The total liabilities reached CNY 84,672,784.32, a decrease from CNY 423,994,986.91 year-over-year[56]. - Accounts payable stood at CNY 27,402,969.08, down from CNY 267,004,257.95, indicating a reduction of approximately 90%[56]. - The company’s inventory decreased to CNY 902,527.61 from CNY 65,900,129.98, reflecting a significant decline[60]. Shareholder Information - The total number of shareholders at the end of the reporting period was 36,991[19]. - The largest shareholder, Shanghai Houai Technology Co., Ltd., held 203,621,858 shares, accounting for 26.00% of the total[20]. - The second largest shareholder, Lhasa Zhihe Technology Development Co., Ltd., held 187,920,000 shares, representing 24.00%[20]. Research and Development - Research and development expenses increased by 78.90% to ¥2.49 million, reflecting the company's commitment to innovation[32]. - R&D expenses increased by 78.90% to ¥2,492,618.43, attributed to increased costs for new product development[34]. Other Income and Expenses - The company reported a significant increase in non-operating income, with other non-recurring gains and losses amounting to CNY 5,694,460.77[16]. - Other income for the reporting period was ¥9,625,483.62, an increase of 12,906.62% year-on-year, due to non-refundable advance payments[36]. - The company reported a significant increase in sales expenses, which totaled ¥4,995,357.79, a decrease of 83.66% year-on-year, due to reduced sales scale in the steel pipe business[34].