SHBT(SH:603009)2019-10-18 16:00Financial Performance - Operating income for the first nine months rose by 0.71% to CNY 911,096,792.34 compared to the same period last year[7]. - Net profit attributable to shareholders decreased by 49.51% to CNY 25,765,926.31 year-on-year[7]. - Basic earnings per share fell by 51.16% to CNY 0.0718 compared to the previous year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 48.30% to CNY 21,054,182.97[7]. - The company reported a net profit margin for the first three quarters of 2019, with total profit amounting to CNY 911,096,792.34, slightly up from CNY 904,630,548.82 in the same period of 2018[27]. - The net profit for Q3 2019 was -¥1,085,517.82, compared to a net profit of ¥7,726,801.73 in Q3 2018, indicating a significant decline[29]. - The total profit for Q3 2019 was -¥839,873.82, a decrease from ¥8,833,778.68 in Q3 2018[29]. - The total operating profit for Q3 2019 was -2,519,631.13 RMB, compared to an operating profit of 2,666,776.71 RMB in Q3 2018, marking a substantial decline[33]. - The total profit for Q3 2019 was -2,563,468.04 RMB, compared to a profit of 2,958,965.75 RMB in Q3 2018, indicating a significant downturn[33]. Cash Flow - Net cash flow from operating activities increased by 0.83% to CNY 62,391,222.14 for the first nine months[7]. - The cash flow from operating activities was impacted by a decrease in cash received from sales, which totaled 327,108,790.68 RMB in the first nine months of 2019, down from 450,206,341.08 RMB in the same period of 2018[39]. - The cash flow from financing activities showed a net increase of 179,475,081.94 RMB, down from 365,792,495.93 RMB in Q3 2018[38]. - The net cash flow from financing activities decreased by 50.94% to ¥179,475,081.94 from ¥365,792,495.93, reflecting a significant reduction in directed issuance from the previous period[16]. - In Q3 2019, the net cash flow from operating activities was 34,614,116.40 RMB, a decrease of 42.1% compared to 59,735,750.55 RMB in Q3 2018[40]. Assets and Liabilities - Total assets increased by 4.41% to CNY 3,102,502,745.68 compared to the end of the previous year[7]. - Cash and cash equivalents decreased by 50.21% to ¥134,175,498.01 from ¥269,481,021.57 due to increased long-term asset procurement needs and reduced bank acceptance bill guarantees[15]. - Other receivables increased by 137.85% to ¥18,729,817.16 from ¥7,874,698.66, primarily due to an increase in financing lease guarantees and new receivables from Dongfeng Guangyu[15]. - Construction in progress rose by 52.56% to ¥329,682,883.19 from ¥216,097,024.93, reflecting ongoing investments in high-precision components and aluminum alloy lightweight projects[15]. - Accounts payable increased by 35.93% to ¥324,787,149.89 from ¥238,931,007.61, driven by equipment and engineering investments in the high-precision components division[15]. - Total liabilities as of September 30, 2019, were CNY 783,067,304.70, down from CNY 873,027,441.70 at the end of 2018, indicating a reduction of approximately 10.3%[25]. - The company's total equity as of September 30, 2019, was CNY 1,592,810,737.16, compared to CNY 1,614,622,824.66 at the end of 2018, showing a slight decrease of about 1.3%[25]. - Current liabilities reached CNY 1,170,014,446.73, while total liabilities were CNY 1,216,990,223.30[44]. Shareholder Information - The total number of shareholders reached 26,203 by the end of the reporting period[11]. - The largest shareholder, Jin Kun, holds 38.18% of the shares, with 124,671,250 shares pledged[11]. Income and Expenses - Sales expenses increased by 34.97% to ¥41,406,551.29, attributed to higher sales of Shanghai Guangyu air conditioning compressors and increased service fees, freight, and personnel costs[16]. - Other income rose by 252.81% to ¥4,284,669.37 from ¥1,214,437.88, mainly due to government subsidies received during the reporting period[16]. - Research and development expenses increased to ¥21,409,031.33 in Q3 2019, up from ¥14,182,468.02 in Q3 2018, reflecting a growth of 50.9%[32]. - The financial expenses for Q3 2019 were ¥8,968,244.58, slightly up from ¥8,481,903.20 in Q3 2018[32]. - The company's management expenses decreased to ¥24,480,961.23 in Q3 2019 from ¥31,056,992.59 in Q3 2018, a reduction of 21.5%[32]. Other Financial Metrics - The weighted average return on net assets decreased by 1.72 percentage points to 1.48%[8]. - Deferred tax assets increased by 48.86% to ¥17,829,548.72 from ¥11,977,392.54, due to provisions for impairment losses and deductible losses[15]. - Long-term payables surged by 830.59% to ¥28,138,742.32, primarily due to new financing lease arrangements during the reporting period[16]. - The company implemented new financial instrument standards effective January 1, 2019, impacting the classification and measurement of financial instruments[48].