VITI(SH:603023)2019-10-28 16:00Financial Performance - Operating revenue for the year-to-date was CNY 98,289,447.47, down 15.50% year-on-year [7]. - Net profit attributable to shareholders of the listed company decreased by 44.13% to CNY 20,224,411.04 compared to the same period last year [7]. - Basic earnings per share were CNY 0.05, a decrease of 50.00% compared to the same period last year [8]. - The weighted average return on equity was 3.11%, down 3.26 percentage points from the previous year [8]. - The company reported a 32.21% increase in investment income to ¥4,260,429.87, driven by higher interest income from financial products [15]. - The operating profit for the first three quarters of 2019 was CNY 23,688,340.96, down from CNY 42,664,243.16 in the same period of 2018, indicating a decline of about 44.4% [26]. - The net profit for the first three quarters of 2019 was CNY 20,224,411.04, down from CNY 36,197,875.52 in the same period of 2018, indicating a decline of about 44.2% [26]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 816,134,126.56, a decrease of 3.46% compared to the end of the previous year [7]. - Total liabilities decreased by 40.73% to ¥82,044,763.94, as some convertible bonds were converted into equity [13]. - The total assets as of September 30, 2019, were CNY 816,134,126.56, a decrease from CNY 845,364,948.51 at the end of 2018, reflecting a reduction of approximately 3.5% [23]. - The total liabilities decreased to CNY 115,564,083.62 from CNY 194,051,674.30, showing a significant reduction of about 40.3% [23]. - Total liabilities amounted to $194,051,674.30, with non-current liabilities at $138,424,079.32 [33]. Cash Flow - The net cash flow from operating activities was CNY 10,183,705.37, a significant decrease of 63.26% compared to the previous year [7]. - Cash flow from operating activities for the first nine months of 2019 was CNY 10,183,705.37, a decrease of 63.2% from CNY 27,715,066.91 in the same period of 2018 [29]. - The net cash flow from investment activities was negative at CNY -160,835,540.70, contrasting with a positive CNY 11,938,334.46 in the same period of 2018 [29]. - The net cash flow from financing activities was CNY -36,851,745.13, down from CNY 157,274,597.10 in the previous year, showing a significant decline [30]. - Cash and cash equivalents decreased by 41.31% to ¥266,413,905.76, as funds were used to purchase trading financial assets [13]. Shareholder Information - The total number of shareholders at the end of the reporting period was 22,257 [10]. - The largest shareholder, Chen Zhenhua, held 43.85% of the shares, with 92,664,093 shares pledged [10]. Financial Expenses - Financial expenses increased by 1,221.22% to ¥8,802,303.85 due to rising interest costs from convertible bonds [13]. - Interest expenses rose by 365.23% to ¥10,314,200.87, attributed to increased costs from convertible bonds [13]. Equity - Net assets attributable to shareholders of the listed company increased by 7.56% to CNY 700,570,042.94 compared to the end of the previous year [7]. - The company's total equity increased to CNY 700,570,042.94 as of September 30, 2019, from CNY 651,313,274.21 at the end of 2018, representing a growth of approximately 7.5% [23]. - Total equity reached $651,313,274.21, including paid-in capital of $360,000,000.00 and retained earnings of $164,460,832.74 [33]. Research and Development - Research and development expenses for the first three quarters of 2019 amounted to CNY 10,892,335.42, compared to CNY 9,320,032.92 in the same period of 2018, an increase of about 16.9% [26]. Inventory - The company's inventory as of September 30, 2019, was CNY 104,665,111.82, up from CNY 96,324,802.66 at the end of 2018, indicating an increase of approximately 8.8% [22]. Financial Standards - The company adopted new financial instrument standards effective January 1, 2019, impacting the classification of financial assets [33].