SDHP(SH:603021)2019-10-28 16:00Financial Performance - Operating revenue for the first nine months was CNY 578,654,572.87, representing a decrease of 3.28% year-on-year[11]. - Net profit attributable to shareholders of the listed company was CNY -24,920,177.46, a decline of 717.88% compared to the same period last year[11]. - The weighted average return on net assets decreased by 2.17 percentage points to -1.87%[11]. - Basic and diluted earnings per share were both CNY -0.08, a decrease of 900% compared to the previous year[11]. - Operating profit turned negative at -¥25,518,168.18 compared to a profit of ¥2,954,639.85 in the previous period, primarily due to lower gross margins and reduced other income[15]. - Total profit also turned negative at -¥25,781,574.99 compared to ¥3,345,183.33 in the previous period, reflecting similar challenges as operating profit[15]. - The net profit attributable to shareholders for Q3 2019 was a loss of CNY 12,968,350.53, compared to a profit of CNY 1,051,505.95 in Q3 2018[28]. - The total profit for Q3 2019 was a loss of CNY 12,869,447.46, compared to a profit of CNY 861,353.68 in Q3 2018[28]. - The company reported a total comprehensive loss of -11,194,508.53 CNY for the third quarter, compared to a comprehensive income of 4,691,938.92 CNY in the same period last year[34]. Cash Flow and Liquidity - The net cash flow from operating activities for the first nine months was CNY 22,510,064.62, down 81.24% year-on-year[11]. - Cash and cash equivalents decreased by 43.46% to ¥73,027,715.63 from ¥129,155,108.92 due to reduced cash received from sales[15]. - Cash inflow from financing activities was CNY 645,328,385.81, slightly down from CNY 689,796,757.29 in 2018[40]. - Cash outflow from financing activities decreased to CNY 633,226,200.43 from CNY 881,295,040.13, marking a 28.1% reduction[40]. - The net increase in cash and cash equivalents was -CNY 50,010,120.55, compared to -CNY 183,239,799.41 in the same period last year[40]. - The ending balance of cash and cash equivalents was CNY 46,232,369.00, significantly up from CNY 10,554,094.04 in 2018[40]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,943,792,195.68, an increase of 0.97% compared to the end of the previous year[11]. - Total liabilities increased to ¥1,612,520,168.64 from ¥1,550,574,822.65, indicating a rise in financial obligations[20]. - Total assets increased slightly to ¥2,943,792,195.68 from ¥2,915,499,728.27, reflecting ongoing investments despite operational challenges[19]. - The company's total equity attributable to shareholders was CNY 1,312,195,852.90 as of September 30, 2019, down from CNY 1,343,514,991.76 at the end of 2018, a decrease of approximately 2.3%[21]. Shareholder Information - The total number of shareholders at the end of the reporting period was 11,944[13]. - The largest shareholder, Zhang Dehua, holds 33.69% of the shares, with 10,000,000 shares pledged[13]. Government Support and Other Income - The company received government subsidies amounting to CNY 1,445,000.00 during the reporting period[13]. - The company reported a total of CNY 1,095,027.03 in non-operating income for the first nine months[13]. - Other income decreased by 71.43% to ¥3,897,692.05 from ¥13,641,273.08, primarily due to a reduction in government subsidies received[15]. Inventory and Expenses - Inventory increased by 35.31% to ¥320,426,148.12 from ¥236,809,137.86 due to decreased sales leading to higher stock levels[15]. - Research and development expenses decreased by 56.41% to ¥7,304,182.40 from ¥16,756,820.57, indicating reduced investment in R&D[15]. - The company's R&D expenses for Q3 2019 were CNY 2,341,569.56, an increase of 91.7% from CNY 1,224,824.16 in Q3 2018[32].