SGEG(SH:601616)2019-10-28 16:00Financial Performance - Operating revenue for the first nine months was ¥444,902,861.89, a decrease of 0.72% year-on-year[7] - Net profit attributable to shareholders was ¥35,689,083.73, down 81.24% compared to the same period last year[7] - Basic earnings per share decreased by 81.26% to ¥0.0381 from ¥0.2033 in the previous year[9] - The weighted average return on net assets decreased by 6.30 percentage points to 1.43%[7] - The company reported a significant drop in non-operating income, down 99.98% to RMB 34,139.42 from RMB 194,102,341.60 due to the absence of prior incentive payments[15] - The company reported a net profit margin decrease due to rising costs, with total operating costs for the first three quarters of 2019 at CNY 447,202,940.22, down from CNY 473,427,588.46 in 2018[29] - The total profit for Q3 2019 amounted to approximately ¥44.7 million, with a notable increase from the previous quarter[30] - The company reported a net profit of approximately ¥39.85 million for Q3 2019, which is a decrease compared to the previous quarter[30] - The total profit for Q3 2019 was ¥12,701,795.22, compared to ¥197,986,267.44 in Q3 2018, indicating a significant drop of 93.6%[36] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,877,409,204.54, an increase of 1.74% compared to the previous year[7] - The company's total assets as of September 30, 2019, amounted to CNY 2,740,518,644.60, compared to CNY 2,709,457,949.37 at the end of 2018, showing a growth of approximately 1.15%[28] - The total liabilities as of September 30, 2019, were CNY 169,072,727.81, an increase from CNY 144,546,040.41 in the previous year, reflecting a rise of about 16.9%[28] - The company's equity totaled CNY 2,571,445,916.79 as of September 30, 2019, compared to CNY 2,564,911,908.96 at the end of 2018, indicating a slight increase of around 0.25%[28] - Total assets increased to RMB 2,877,409,204.54 from RMB 2,828,233,567.23, reflecting growth in both current and non-current assets[22] - Current liabilities totaled ¥278,015,177.63, while total liabilities reached ¥294,737,177.52[47] - Shareholders' equity stood at ¥2,533,496,389.71, with total equity attributable to the parent company at ¥2,470,332,015.55[47] Cash Flow - Net cash flow from operating activities was ¥96,802,886.20, a significant decline of 57.78% year-on-year[7] - Cash flow from operating activities decreased by 57.78% to RMB 96,802,886.20 from RMB 229,256,773.74, primarily due to the absence of GE incentive payments in 2019[15] - The net cash flow from operating activities for the first three quarters of 2019 was ¥96.80 million, down 57.7% from ¥229.26 million in the same period of 2018[39] - The cash inflow from investment activities in the third quarter of 2019 was ¥89.55 million, a decrease of 60.3% compared to ¥225.48 million in the same period of 2018[40] - The cash outflow for investment activities in the third quarter of 2019 was ¥307.95 million, significantly higher than ¥32.16 million in the same period of 2018[40] - The cash flow from financing activities in the third quarter of 2019 resulted in a net outflow of -¥37.92 million, compared to -¥18.71 million in the same period of 2018[40] Shareholder Information - The total number of shareholders at the end of the reporting period was 61,285[11] - The largest shareholder, Xinyu Minjie Investment Management Co., Ltd., holds 22.82% of the shares[11] Research and Development - Research and development expenses for Q3 2019 were CNY 6,549,606.97, compared to CNY 6,378,870.47 in Q3 2018, showing a year-over-year increase of approximately 2.7%[29] - Research and development expenses increased to ¥2,176,993.28 in Q3 2019 from ¥1,687,698.85 in Q3 2018, marking a rise of 29%[35] Investment Activities - The company signed a letter of intent to acquire 60% stakes in Shanghai ABB Broadcasting Co., Ltd. and Shanghai ABB Switch Co., Ltd., which may constitute a major asset restructuring[16] - The company reported investment income of ¥10,331,455.69 in Q3 2019, a decrease from ¥22,869,656.96 in Q3 2018, representing a decline of 54.9%[35] Other Financial Metrics - The company incurred a credit impairment loss of approximately ¥168.95 million during the quarter, indicating challenges in asset quality[30] - The income tax expense for Q3 2019 was approximately ¥4.83 million, reflecting the company's tax obligations[30] - The gross profit margin for Q3 2019 was approximately 18.3%, down from 29.3% in Q3 2018, indicating a decline in profitability[35]