SAFETY(SH:603028)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 37.24% to CNY 7,597,681.68 for the first nine months of the year[6] - Operating revenue increased by 0.47% to CNY 484,647,143.49 for the first nine months compared to the same period last year[6] - Basic earnings per share decreased by 40.00% to CNY 0.03 per share[7] - The weighted average return on equity decreased by 0.66 percentage points to 1.09%[7] - The company reported a 55.41% decrease in other income to CNY 1,331,187.83 from CNY 2,985,303.99, primarily due to a reduction in government subsidies received[13] - The gross profit margin for Q3 2019 was approximately 15.9%, compared to 18.4% in Q3 2018, indicating a decline in profitability[29] - Net profit for Q3 2019 reached approximately ¥3.41 million, up from ¥2.59 million in Q3 2018, indicating a growth of approximately 31.8%[25] - The total profit for Q3 2019 was approximately ¥4.52 million, compared to ¥3.37 million in Q3 2018, indicating an increase of about 34.0%[25] Assets and Liabilities - Total assets decreased by 7.71% to CNY 891,440,294.13 compared to the end of the previous year[6] - The company reported a total of CNY 324,084,922.11 in current assets, down from CNY 393,899,604.17, a decrease of about 17.7%[20] - Total liabilities decreased from CNY 266,843,626.18 to CNY 188,410,960.45, a reduction of approximately 29.4%[18] - Current liabilities decreased from CNY 259,974,602.52 to CNY 181,990,919.69, representing a decline of about 30%[18] - Total assets decreased from CNY 841,318,480.14 to CNY 786,957,728.17, a decrease of approximately 6.4%[21] - Cash and cash equivalents decreased from CNY 88,712,291.91 to CNY 82,805,395.61, a decline of about 6.5%[20] - Inventory decreased from CNY 157,238,459.49 to CNY 109,430,952.30, a reduction of approximately 30.4%[20] - Accounts receivable decreased from CNY 82,294,117.44 to CNY 80,392,047.92, a decline of about 2.3%[20] - Non-current liabilities decreased from CNY 6,869,023.66 to CNY 6,420,040.76, a reduction of approximately 6.5%[18] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 75,064,944.31, a change of 433.02% compared to the previous year[6] - The net cash flow from operating activities for the first three quarters of 2019 was ¥75,064,944.31, a significant improvement compared to a net outflow of ¥22,540,545.66 in the same period of 2018[33] - The cash flow from operating activities for the first nine months of 2019 showed a positive trend, indicating improved operational efficiency[35] - The total cash inflow from operating activities for the first nine months of 2019 was ¥431,277,854.19, compared to ¥411,252,661.45 in the same period of 2018[35] Shareholder Information - The total number of shareholders reached 16,953 at the end of the reporting period[10] - The largest shareholder, Wuxi Saifutian Steel Rope Co., Ltd., holds 28.91% of the shares[10] Investments and Expenses - Long-term equity investments were introduced at CNY 30,000,000, marking a 100% increase as the company engaged in external equity investment activities[12] - Research and development expenses for Q3 2019 were approximately ¥5.64 million, compared to ¥5.23 million in Q3 2018, showing an increase of about 7.9%[25] - Management expenses for Q3 2019 increased to approximately ¥14.62 million from ¥12.80 million in Q3 2018, representing a rise of about 14.2%[25] - The company incurred financial expenses of ¥5,712,337.33 in the first three quarters of 2019, a decrease of 2.9% from ¥5,880,093.47 in the same period of 2018[29] Other Financial Metrics - Other comprehensive income increased by 75.91% to CNY 3,242,482.39 from CNY 1,843,210.46, influenced by foreign exchange rate fluctuations[13] - The company experienced a 126.79% increase in taxes payable, rising to CNY 6,817,224.32 from CNY 3,005,914.72, due to controlled inventory levels and reduced raw material procurement[13] - The company reported a non-operating income of CNY 15,098.22 for the third quarter[8] - The company has not disclosed any new product developments or market expansion strategies in this report[6]