HXGF(SH:603115)2019-10-28 16:00Financial Performance - Operating revenue decreased by 2.16% to CNY 793,522,380.67 compared to the same period last year[8]. - Net profit attributable to shareholders decreased by 9.12% to CNY 98,258,788.24[8]. - Basic earnings per share fell by 14.49% to CNY 0.59[8]. - Weighted average return on net assets decreased by 3.65 percentage points to 11.63%[8]. - The company's total revenue for the first three quarters of 2019 was ¥793,522,380.67, a decrease of 2.2% compared to ¥811,052,684.36 in the same period of 2018[25]. - The net profit for the first three quarters of 2019 was not explicitly stated, but the retained earnings decreased to ¥67,340,095.43 from ¥137,971,967.54, indicating a decline of about 51%[25]. - The total profit for Q3 2019 was CNY 32,097,257.10, down from CNY 48,154,422.37 in Q3 2018, reflecting a decline of approximately 33.4%[27]. - The total profit for the first three quarters of 2019 was CNY 113,308,539.55, down from CNY 128,683,827.77 in the same period of 2018, reflecting a decline of approximately 12%[27]. - The company's total assets decreased from CNY 304,854.01 in the previous period to CNY 204,139.09 in Q3 2019, indicating a reduction of approximately 33%[27]. Asset and Equity Growth - Total assets increased by 39.65% year-on-year to CNY 1,537,366,020.81[7]. - Net assets attributable to shareholders rose by 59.53% year-on-year to CNY 1,249,557,248.31[7]. - The company's total assets reached CNY 1,537,366,020.81, up from CNY 1,100,843,742.47 at the end of 2018, indicating strong asset growth[20]. - The equity attributable to shareholders increased to CNY 1,249,557,248.31 from CNY 783,260,788.71, reflecting improved shareholder value[21]. - The total owner's equity rose to ¥863,056,259.36 from ¥464,168,131.47, marking an increase of about 86% year-over-year[25]. Cash Flow and Investment Activities - Net cash flow from operating activities dropped by 78.08% to CNY 31,647,930.71[7]. - Investment cash flow showed a significant outflow of CNY 357,348,584.72, an increase of 970.89% from CNY -33,369,385.33, mainly due to the use of idle funds for purchasing short-term financial products[17]. - Financing cash flow increased to CNY 336,549,739.57, a rise of 576.92% from CNY -70,567,918.29, attributed to the funds raised from the initial public offering[17]. - The company reported a net cash outflow from investing activities of CNY 357,348,584.72 for the first three quarters of 2019, compared to a net outflow of CNY 33,369,385.33 in 2018[36]. - The company raised CNY 529,360,000.00 from investment activities in 2019, significantly higher than CNY 37,500,000.00 in the previous year[36]. Shareholder Information - Total number of shareholders reached 22,035 at the end of the reporting period[12]. - The largest shareholder, Nantong Xinhai Investment Co., Ltd., holds 67.88% of shares[12]. Government Subsidies and Other Income - The company reported a government subsidy of CNY 16,169,269.38 for the year-to-date[10]. - Other income increased by 115.99%, reaching RMB 16.17 million from RMB 7.49 million, primarily driven by higher government subsidies received[16]. Liabilities and Financial Obligations - The company’s total liabilities decreased significantly, with accounts payable increasing by 33.11% to RMB 169.49 million from RMB 127.34 million, reflecting higher material payments[14]. - Total liabilities decreased to CNY 270,654,244.99 from CNY 299,981,201.53, showing a reduction in financial obligations[21]. - The total liabilities as of September 30, 2019, were ¥293,714,143.86, slightly up from ¥285,885,465.77, showing a marginal increase of about 1.5%[24]. Research and Development - Research and development expenses for the third quarter of 2019 were ¥12,139,347.08, a decrease from ¥44,062,336.78 in the same quarter of 2018, indicating a reduction of about 72.5%[26]. - The company's R&D expenses in Q3 2019 were CNY 6,249,332.89, up from CNY 5,627,806.31 in Q3 2018, marking an increase of about 11%[31].