华脉科技(603042) - 2018 Q3 - 季度财报

Financial Performance - Operating revenue decreased by 9.80% to CNY 728,542,720.32 for the first nine months compared to the same period last year[6] - Net profit attributable to shareholders decreased by 136.54% to a loss of CNY 22,209,873.66 for the first nine months compared to the same period last year[6] - The company's net profit for the first nine months of 2018 was CNY 728,542,720.32, down 9.8% from CNY 807,695,255.32 in the same period last year[26] - The total profit for the first nine months of 2018 was a loss of ¥28,338,424.61, compared to a profit of ¥44,296,589.39 in the same period last year[31] - The net profit for Q3 2018 was a loss of ¥18,021,594.18, compared to a profit of ¥15,267,326.58 in Q3 2017, indicating a significant decline[28] Assets and Liabilities - Total assets increased by 38.13% to CNY 2,083,769,878.61 compared to the end of the previous year[6] - The total assets increased to ¥2,083,769,878.61, up from ¥1,508,579,531.48 at the beginning of the year[19] - Total liabilities rose to CNY 945,280,159.90, compared to CNY 607,762,936.63 at the beginning of the year, marking an increase of 55.5%[24] - The company's cash and cash equivalents decreased to CNY 88,722,739.34 from CNY 200,725,512.08 at the beginning of the year, a decline of 55.8%[23] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 231,231,283.82 for the first nine months[6] - The net cash flow from operating activities was -¥231,231,283.82, slightly worse than the previous year's -¥224,627,276.22[35] - The cash flow from operating activities showed a net outflow of -¥62,847,347.62, an improvement from -¥258,459,590.36 in the previous year[38] Inventory and Receivables - Inventory increased by 76.31% to CNY 258,060,651.23 due to unsold sales during the reporting period[14] - Accounts receivable increased to CNY 765,301,305.09 from CNY 684,451,602.84 at the beginning of the year, reflecting a growth of 11.8%[23] - Inventory levels rose to CNY 130,827,189.04, up 47.7% from CNY 88,536,680.27 at the beginning of the year[23] Expenses and Financials - Financial expenses increased by 267.57% to ¥9,528,885.39, attributed to the expansion of bank borrowings and rising interest costs[15] - Research and development expenses for the first nine months of 2018 were CNY 41,116,466.70, an increase of 14.3% compared to CNY 35,886,312.49 in the same period last year[26] - The company's operating costs for Q3 2018 were ¥156,380,119.13, a decrease of 8% from ¥169,867,263.49 in Q3 2017[31] Shareholder Information - The number of shareholders reached 17,188, indicating a broadening of the shareholder base[10] Government Support - The company received government subsidies totaling CNY 1,271,994.79 during the reporting period[9] - Other income decreased by 83.49% to ¥967,650.53, primarily due to a reduction in government subsidies[15] Future Outlook - The company anticipates a potential loss in net profit by the end of the next reporting period, mainly due to a slowdown in telecom operators' investment and increased production costs[16]