TUNA(SH:603177)2019-10-28 16:00Financial Performance - Operating revenue for the first nine months was CNY 514,791,018.20, an increase of 0.41% year-on-year[6] - Net profit attributable to shareholders of the listed company for the first nine months was CNY -9,649,417.13, a decrease of 565.94% compared to the same period last year[6] - Basic earnings per share for the reporting period was CNY -0.05, a decrease of 600.00% compared to the previous year[6] - The weighted average return on equity decreased by 2.23 percentage points to -1.84%[6] - The company's net profit attributable to shareholders decreased by 565.94% year-over-year, resulting in a loss of ¥9,649,417.13[16] - The company's net profit after deducting non-recurring gains and losses was CNY -10,381,560.62, a decrease of 2,837.03% year-on-year[6] - The company's total assets decreased to ¥1,340,432,507.55 from ¥1,352,860,017.76 at the end of 2018[24] - The company's retained earnings decreased to ¥161,072,538.94 from ¥170,721,956.07 at the end of 2018, indicating a decline of approximately 5.83%[24] - The company's net profit for the first nine months of 2019 was ¥514,791,018.20, compared to ¥512,693,088.85 in the same period of 2018, showing a marginal increase[29] Cash Flow - The net cash flow from operating activities improved to CNY -55,139,475.46, a 54.90% increase compared to the previous year[6] - The net cash flow from operating activities improved by 54.90%, totaling -¥55,139,475.46, due to increased cash receipts from sales[17] - Cash inflow from operating activities for the first three quarters of 2019 was CNY 591,787,804.84, up from CNY 564,887,870.09 in the same period of 2018[37] - Cash outflow from investing activities for the first three quarters of 2019 was CNY 95,036,377.82, down from CNY 126,053,906.58 in the same period of 2018[38] - Net cash flow from financing activities for the first three quarters of 2019 was -CNY 502,436.77, compared to a positive net cash flow of CNY 101,056,524.37 in 2018[38] - The ending cash and cash equivalents balance as of September 30, 2019, was CNY 80,849,442.13, down from CNY 108,677,331.95 at the end of the previous year[38] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,340,432,507.55, a decrease of 0.92% compared to the end of the previous year[6] - The company's cash and cash equivalents decreased by 46.64% from the previous year, totaling ¥109,489,113.24[14] - Accounts receivable decreased by 34.23% year-over-year, amounting to ¥68,547,572.23[14] - The company’s total liabilities increased, with accounts payable rising by 33.37% to ¥84,718,034.15, reflecting more project executions[14] - Total liabilities as of September 30, 2019, were ¥819,544,653.67, slightly down from ¥824,219,644.12 at the end of 2018[24] - Total liabilities decreased to ¥801,523,677.04 from ¥805,498,018.01, a reduction of approximately 0.6%[28] Revenue and Expenses - Total revenue for Q3 2019 reached ¥230,386,628.41, an increase from ¥220,265,293.34 in Q3 2018, representing a growth of approximately 5.1%[29] - Total operating costs for Q3 2019 were ¥219,411,244.92, compared to ¥208,098,212.66 in Q3 2018, indicating an increase of about 5.6%[29] - The gross profit margin for Q3 2019 was approximately 0.42%, slightly down from the previous year's margin[29] - Research and development expenses for Q3 2019 were ¥8,032,147.40, compared to ¥7,457,475.61 in Q3 2018, indicating an increase of about 7.7%[29] - The company reported a decrease in sales expenses, which were CNY 6,738,654.88 in Q3 2019, down from CNY 8,242,885.67 in Q3 2018, a reduction of approximately 18.3%[34] Strategic Changes - The company is undergoing a strategic transformation, with increased personnel in new business areas leading to higher management costs[16] - The company predicts a significant decline in cumulative net profit for the year 2019 compared to the same period last year due to the shrinking market for traditional coal-fired power plant flue gas treatment projects and increased expenses from new business development[18] Government Support - The company received government subsidies amounting to CNY 57,177.50 during the reporting period[9] Shareholder Information - The total number of shareholders at the end of the reporting period was 20,765[11]