CFHI(SH:601106)2019-10-29 16:00Financial Performance - Operating revenue for the first nine months rose by 28.09% to CNY 8,663,712,861.15 compared to the same period last year[5] - Net profit attributable to shareholders decreased by 49.61% to CNY 51,836,665.17 compared to the same period last year[5] - Basic earnings per share fell by 49.33% to CNY 0.0076[6] - The company reported a net loss of CNY 18,275,217.88 after deducting non-recurring gains and losses[5] - The company's net profit attributable to the parent company for the third quarter of 2019 was CNY 518.37 million, a decrease of 49.61% compared to CNY 1,028.73 million in the same period last year[16] - The company reported a net loss of ¥5,726,241,214.43 for the period, compared to a net loss of ¥5,499,457,292.07 in the previous year, indicating a worsening of approximately 4.1%[25] - The net profit attributable to shareholders for Q3 2019 was ¥4.30 million, compared to ¥56.85 million in Q3 2018, indicating a decrease of 92.4%[28] - The total profit for Q3 2019 was ¥5.56 million, a decrease from ¥81.25 million in the same period last year, reflecting a decline of 93.2%[28] Cash Flow and Liquidity - Net cash flow from operating activities for the first nine months was negative at CNY -381,679,482.7, a decrease of 2.62% compared to the previous year[5] - The company's cash flow from financing activities showed a net outflow of CNY 349.80 million, a significant decrease compared to a net inflow of CNY 18.39 million in the same period last year[17] - The cash inflow from operating activities for the first three quarters of 2019 was CNY 7,354,419,712.85, an increase from CNY 5,802,026,444.73 in the same period of 2018, representing a growth of approximately 26.7%[36] - The net cash flow from financing activities for the first three quarters of 2019 was -CNY 349,804,844.94, a significant decline compared to a positive cash flow of CNY 18,386,224.89 in 2018[37] - The total cash and cash equivalents at the end of the third quarter of 2019 was CNY 1,352,883,448.77, down from CNY 2,750,168,123.73 at the end of the same period in 2018, reflecting a decrease of approximately 50.8%[38] Assets and Liabilities - Total assets increased by 3.51% to CNY 35,241,646,144.21 compared to the end of the previous year[5] - Total current assets increased to CNY 24.37 billion, up from CNY 23.25 billion year-over-year, representing a growth of approximately 4.8%[19] - Total liabilities increased to CNY 24.14 billion, compared to CNY 23.00 billion in the previous year, representing an increase of approximately 4.9%[21] - The company's total assets reached CNY 35.24 billion, up from CNY 34.05 billion, reflecting a growth of about 3.5%[21] - The company's non-current liabilities due within one year increased by 114.92% to CNY 1.811 billion, mainly due to a significant increase in the amount of long-term loans maturing within one year[14] - Total liabilities reached approximately ¥20.21 billion, with current liabilities at ¥14.45 billion and non-current liabilities at ¥5.76 billion[45] Shareholder Information - The total number of shareholders at the end of the reporting period was 329,037[10] - The largest shareholder, China First Heavy Industries Group, holds 63.88% of the shares[10] - The total equity attributable to shareholders was 10,928,122,659.81 RMB, reflecting the shareholders' stake in the company[43] Research and Development - The company's development expenditures rose by 62.78% to CNY 145.53 million, reflecting increased investment in research and development[13] - Research and development expenses for Q3 2019 amounted to ¥68,028,641.75, up from ¥53,500,372.09 in Q3 2018, reflecting a growth of approximately 27.1%[27] - The company's research and development expenses for Q3 2019 were ¥5.98 million, an increase from ¥2.86 million in Q3 2018, representing a growth of 108.1%[32] Inventory and Receivables - Accounts receivable rose to CNY 9.49 billion, compared to CNY 8.99 billion in the previous year, reflecting an increase of about 5.6%[19] - Inventory increased significantly to CNY 4.09 billion, up from CNY 3.29 billion, marking a growth of approximately 24.4%[19] - The company reported a total of ¥2,615,080,129.75 in inventory, up from ¥2,331,467,375.73 in the previous quarter, representing an increase of about 12.2%[25] Financial Ratios and Returns - The weighted average return on net assets decreased by 0.4722 percentage points to 0.4732%[6] - The company's tax payable decreased by 47.46% to CNY 72.72 million, primarily due to benefits from national tax policies and a reduction in the VAT rate[14] - The company's long-term payables reached CNY 132.11 million, marking a 100% increase compared to the beginning of the year, attributed to the company's sale-leaseback transactions[14]