DEPPON(SH:603056)2019-10-30 16:00Financial Performance - The net profit attributable to shareholders of the listed company was RMB 111.53 million, a decrease of 75.70% year-on-year [21]. - Operating revenue for the first three quarters of 2019 was RMB 18.45 billion, representing a year-on-year growth of 14.93% [24]. - The revenue from the express delivery business was RMB 10.32 billion, an increase of 38.24% year-on-year [27]. - The gross profit margin for the first three quarters was 9.44%, a decrease of 4.76 percentage points year-on-year [28]. - The basic earnings per share for the reporting period was RMB 0.12, a decrease of 75.00% year-on-year [23]. - The net profit for the first three quarters of 2019 was CNY 18,447,291,216.65, up from CNY 16,051,141,286.08 in the same period of 2018, representing an increase of about 14.9% [66]. - The net profit for Q3 2019 was CNY 6,045,988.64, a significant decrease from CNY 152,262,818.16 in Q3 2018 [68]. - The total comprehensive income for Q3 2019 was approximately ¥41.23 million, down from ¥482.55 million in Q3 2018 [75]. Assets and Liabilities - As of the end of the reporting period, the total assets of the company were RMB 8.41 billion, an increase of 1.87% compared to the beginning of the year [24]. - The company’s asset-liability ratio was 53.73%, an increase of 2.94 percentage points from the beginning of the year [24]. - The company’s total liabilities reached approximately ¥4.52 billion, up from ¥4.19 billion, indicating a growth of about 8% [57]. - The total current liabilities increased to approximately ¥4.26 billion from ¥3.99 billion, reflecting a rise of about 7% [57]. - The company’s total equity attributable to shareholders was approximately ¥4.06 billion, with minority interests not specified [92]. - The company’s total liabilities and equity combined reached approximately ¥5.93 billion, indicating a stable financial structure [99]. Cash Flow - The company reported a net cash flow from operating activities of RMB -28.95 million, a decline of 102.38% compared to the previous year [21]. - Cash flow from operating activities for the first nine months of 2019 was approximately ¥19.92 billion, an increase from ¥17.49 billion in the same period of 2018 [79]. - The net cash flow from operating activities was -$1.17 billion, a significant decrease compared to -$44.17 million in the previous period [84]. - The net cash flow from financing activities in Q3 2019 was approximately ¥93.18 million, a decrease from ¥1.21 billion in Q3 2018, indicating reduced financing [81]. Investments and Expenses - Research and development expenses decreased by 48.37% to ¥66,099,157.47 from ¥128,019,456.55, indicating a reduction in R&D investment during the reporting period [43]. - The company’s long-term equity investments increased by 152.39% to ¥145,606,388.05 from ¥57,690,627.05, reflecting new investments in joint ventures during the reporting period [39]. - The company has made significant investments in new technologies and products, although specific figures were not disclosed in the call [84]. Receivables and Cash Equivalents - Accounts receivable increased by 98.94% to ¥19,498,980.57 from ¥9,801,332.68, driven by increased demand for bill settlements from customers [37]. - The company reported a significant increase in accounts receivable factoring, rising by 27,885.98% to ¥560,177,405.33 from ¥2,001,635.55, attributed to the acquisition of factoring business during the reporting period [37]. - The company's cash and cash equivalents decreased by 43.98% to ¥1,544,420,373.58 from ¥2,757,100,266.89, primarily due to support for business operations and acquisition of factoring business [37]. Legal and Compliance - The company has initiated legal actions against Shanghai Shangke and Fengsheng Asset to protect shareholder interests due to overdue investment commitments [46]. - The company is actively working to minimize potential losses through various legal and compliant means [46].