2019-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 42.68 billion, a decline of 19.19% year-on-year[4] - Net profit attributable to shareholders decreased by 35.75% to CNY 6.34 billion compared to the same period last year[4] - Basic earnings per share fell by 36.08% to CNY 0.62[4] - The company has seen a significant decline in both revenue and profit, indicating challenges in the current market environment[4] - Total operating revenue for Q3 2019 was ¥14,679,674,415, a decrease of 9.96% compared to ¥16,308,101,046 in Q3 2018[19] - Net profit for Q3 2019 was ¥1,446,206,875, down 51.0% from ¥2,949,152,681 in Q3 2018[19] - The net profit for the first three quarters of 2019 was CNY 6,160,979,996, compared to CNY 5,433,888,633 in the same period of 2018, indicating an increase of 13.4%[24] - The total comprehensive income for Q3 2019 was CNY 1,428,676,941, down 50.7% from CNY 2,897,824,669 in Q3 2018[21] - Basic earnings per share for Q3 2019 was CNY 0.14, a decline of 51.7% from CNY 0.29 in Q3 2018[21] Cash Flow - Net cash flow from operating activities was negative at CNY -9.11 billion, a decrease of 74.59% year-on-year[4] - The net cash flow from operating activities for the first three quarters of 2019 was -9,110,650,386 RMB, compared to -5,218,387,988 RMB in the same period of 2018, indicating a decline of approximately 74.5%[25] - Cash inflow from operating activities totaled 47,771,232,900 RMB, down from 60,069,137,098 RMB year-over-year, representing a decrease of about 20.5%[25] - Cash outflow from operating activities was 56,881,883,286 RMB, compared to 65,287,525,086 RMB in the previous year, reflecting a reduction of approximately 12.5%[25] - The net cash flow from investing activities was -2,120,741,992 RMB, worsening from -763,690,495 RMB in the same period last year[26] - The total cash and cash equivalents at the end of the period stood at 24,811,198,427 RMB, down from 37,599,812,580 RMB in the previous year, a decrease of about 33.9%[26] Assets and Liabilities - Total assets decreased by 4.89% to CNY 125.66 billion compared to the end of the previous year[4] - Other receivables decreased by 52.69% to CNY 211,021.83 million due to dividends received from investee companies[9] - Non-current financial assets increased by 111.60% to CNY 336,181.99 million primarily due to increased investments in financial assets[9] - Total liabilities decreased from CNY 54,199.05 million at the end of 2018 to CNY 43,664.27 million as of September 30, 2019[13] - Cash and cash equivalents decreased from CNY 41,908.21 million at the end of 2018 to CNY 26,203.72 million as of September 30, 2019[12] - The company's total equity increased from CNY 77,920.68 million at the end of 2018 to CNY 82,000.40 million as of September 30, 2019[14] Shareholder Information - The total number of shareholders at the end of the reporting period was 33,927, with the largest shareholder holding 53.71% of the shares[6] - The company’s largest shareholder, Guangzhou Automobile Industry Group Co., Ltd., holds 5.49 billion shares, accounting for 53.71% of total shares[7] Research and Development - Research and development expenses rose by 81.47% to CNY 112,466.78 million, mainly due to increased amortization of intangible assets[9] - Research and development expenses increased to ¥381,986,366 in Q3 2019, up 100.5% from ¥190,492,134 in Q3 2018[19] - Research and development expenses in Q3 2019 were CNY 372,735,128, compared to CNY 125,902,411 in Q3 2018, reflecting a substantial increase of 196.5%[23] Other Income and Gains - The company reported non-recurring gains and losses totaling CNY 322.10 million for the first nine months[5] - Other income surged by 231.93% to CNY 156,087.85 million, primarily from increased government subsidies received[9] - The investment income for Q3 2019 was CNY 2,392,575,345, an increase from CNY 2,284,935,223 in Q3 2018, reflecting a growth of 4.7%[23]