CIG(SH:603083)2019-10-27 16:00Financial Performance - Net profit attributable to shareholders was a loss of ¥9,227,382.53, a decrease of 116.37% compared to the same period last year[12]. - Operating revenue for the year-to-date was ¥2,156,606,387.02, down 5.24% year-on-year[12]. - Basic earnings per share were -¥0.06, a decline of 117.65% compared to the previous year[12]. - The company reported a net cash flow from operating activities of ¥165,456,349.47, a significant increase of 218.69% compared to the previous year, primarily due to improved operational management and collection of receivables[29]. - The company reported a decrease in accounts payable to $752,422,354.36 from $1,005,700,158.56, a reduction of approximately 25.1%[39]. - Net profit for Q3 2019 was a loss of ¥15,058,613.61, contrasting with a profit of ¥49,300,584.93 in Q3 2018[52]. - Total comprehensive income amounted to -17,939,737.99 RMB, down from 51,765,775.85 RMB year-over-year[58]. - Revenue for Q3 2019 was 582,462,114.02 RMB, a decrease of 29.6% from 827,037,302.95 RMB in Q3 2018[59]. - Operating profit for the quarter was -894,759.99 RMB, compared to a profit of 24,947,942.81 RMB in the previous year[62]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,775,547,304.69, an increase of 1.15% compared to the end of the previous year[12]. - The total amount of receivables decreased by 72.41% to ¥2,000,000.00, mainly due to changes in bank acceptance bills received from customers[26]. - The company's intangible assets increased by 56.75% to ¥422,106,403.01, driven by the transfer of development project expenditures and acquisitions[26]. - Total liabilities increased to $1,667,534,041.63 from $1,616,624,487.64, an increase of about 3.5%[39]. - The company's total liabilities increased, with a notable rise in deferred income by 242.55% to ¥79,399,045.31, linked to financing leases[26]. - Total assets amounted to ¥2,452,398,935.93, down from ¥2,624,799,136.12 year-over-year[48]. - Total liabilities decreased to ¥1,352,814,869.88 from ¥1,504,690,248.75, indicating a reduction of 10.1%[48]. - The total equity decreased to ¥1,099,584,066.05 from ¥1,120,108,887.37, showing a decline of 1.8%[48]. Shareholder Information - The total number of shareholders at the end of the reporting period was 19,685[18]. - The largest shareholder, Cambridge Industries Company Limited, held 21.89% of the shares, with 36,643,552 shares pledged[18]. - The company's equity attributable to shareholders was CNY 1,127,489,896.09, with retained earnings of CNY 395,775,315.37[83]. Research and Development - Research and development expenses increased by 112.38% to ¥191,251,438.61, reflecting the company's commitment to enhancing its R&D capabilities[29]. - Research and development expenses increased significantly to ¥75,021,439.15 in Q3 2019, compared to ¥26,131,433.32 in Q3 2018, marking a growth of 187.5%[49]. - Research and development expenses increased to 55,216,932.96 RMB, up 146.3% from 22,421,987.45 RMB in Q3 2018, reflecting a focus on innovation[59]. Cash Flow and Financing - Cash flow from operating activities was 2,494,004,867.11 RMB, an increase from 2,188,561,375.26 RMB in the previous year[67]. - Cash inflows from financing activities reached CNY 587,483,318, a substantial increase compared to CNY 248,599,099.44 in the previous period, marking a growth of approximately 136.3%[71]. - The net cash flow from operating activities was CNY 165,456,349.47, a significant recovery from a negative cash flow of CNY -139,399,070.97 in the prior period[68]. - The ending balance of cash and cash equivalents was CNY 232,989,914.33, up from CNY 170,471,055.68, representing an increase of approximately 36.6%[71]. Operational Efficiency - Total operating costs for Q3 2019 were ¥728,268,816.35, down from ¥794,786,515.12 in Q3 2018, reflecting a decrease of 8.4%[49]. - The total operating costs for the quarter were 511,861,211.02 RMB, down from 767,770,891.41 RMB in Q3 2018, indicating improved cost management[59].