Cynda(SH:603086)2019-10-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 16.05% to CNY 150,516,766.12 compared to the same period last year[6] - Operating revenue for the first nine months was CNY 1,152,035,701.49, a slight increase of 0.42% year-on-year[6] - The company reported a decrease in net profit excluding non-recurring items by 8.84% to CNY 155,054,439.83[6] - The total profit for the first three quarters of 2019 was ¥189,060,243.20, a decrease of 15.6% compared to ¥224,111,375.63 in the same period of 2018[23] - The net profit for Q3 2019 was ¥23,411,422.29, down 58.3% from ¥56,192,740.39 in Q3 2018[23] - The net profit for Q3 2019 was approximately ¥33.48 million, compared to ¥42.02 million in Q3 2018, indicating a decrease of 20.4%[29] Assets and Liabilities - Total assets increased by 27.24% year-on-year, reaching CNY 2,201,186,891.57[6] - Current assets totaled CNY 1,394,532,949.38, an increase of 18.8% from CNY 1,174,161,614.54 in December 2018[16] - Total liabilities and shareholders' equity combined equaled CNY 1,729,926,879.72, confirming the balance sheet integrity[39] - Current liabilities increased to CNY 518,233,992.32, a significant rise of 56.5% compared to CNY 331,079,291.27 in the previous year[16] - Non-current liabilities totaled CNY 172,757,189.10, up from CNY 41,591,302.49, marking a substantial increase of 314.5%[16] Cash Flow - Cash flow from operating activities increased by 56.53% to CNY 258,800,476.46 compared to the previous year[6] - The net cash flow from operating activities increased by 56.53% to ¥258,800,476.46 from ¥165,340,935.42, driven by adjustments in sales collection policies[12] - The net cash flow from investing activities worsened by 45.79% to -¥549,132,258.32 from -¥376,668,803.65, mainly due to increased investments in projects[12] - The net cash flow from financing activities surged by 1834.21% to ¥151,540,281.24 from ¥7,834,742.99, primarily due to new project loans[12] Shareholder Information - The total number of shareholders at the end of the reporting period was not disclosed in the provided content[9] - Shareholders' equity reached CNY 1,510,195,710.15, reflecting an increase of 11.3% from CNY 1,357,256,285.96[16] Inventory and Receivables - Accounts receivable decreased significantly by 84.32% to ¥5,762,473.95 from ¥36,753,372.00, primarily due to the use of notes for payment[11] - Inventory rose by 23.17% to ¥456,730,115.68 from ¥370,822,568.64, attributed to stockpiling of raw materials[11] - The company reported a significant increase in prepayments, which rose to CNY 92,744,709.05 from CNY 63,847,938.44, an increase of 45.3%[14] Expenses - The company’s management expenses rose by 25.40% to ¥116,932,320.56 from ¥93,244,773.15, primarily due to pre-production costs[12] - R&D expenses for Q3 2019 increased to ¥23,472,809.49, up 44.9% from ¥16,193,800.73 in Q3 2018[22] - The income tax expense for Q3 2019 was ¥8,443,061.19, a decrease of 41.0% from ¥14,346,141.26 in Q3 2018[23] Government Support - Government subsidies recognized in the current period amounted to CNY 1,679,590.21[8] - Non-recurring gains and losses totaled CNY -4,455,308.79 for the reporting period[8]