网达软件(603189) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months reached CNY 185,081,255.55, a 52.49% increase year-on-year[6] - Net profit attributable to shareholders surged by 250.53% to CNY 25,023,365.04 for the first nine months[6] - Basic and diluted earnings per share increased by 266.67% to CNY 0.11[7] - The company reported a net profit excluding non-recurring gains and losses of CNY 18,841,538.67, up 395.18% year-on-year[6] - Net profit for the first three quarters of 2019 reached CNY 130,255,558.93, compared to CNY 112,979,155.43 in the same period of 2018, reflecting an increase of approximately 15.2%[26] - The net profit for Q3 2019 reached CNY 8,630,057.58, compared to CNY 15,792,348.87 in Q3 2018, reflecting a decrease of 45.4%[31] - Net profit for Q3 2019 was CNY 9,716,435.93, a decrease from CNY 10,393,867.47 in Q3 2018, representing a decline of approximately 6.5%[36] Assets and Liabilities - Total assets increased by 3.76% to CNY 935,526,573.80 compared to the end of the previous year[6] - The total assets of the company as of September 30, 2019, amounted to RMB 935,526,573.80, up from RMB 901,592,867.72 at the end of 2018[21] - Total assets as of September 30, 2019, amounted to CNY 1,060,193,046.56, compared to CNY 935,977,065.99 at the end of 2018, showing a growth of about 13.3%[26] - Total liabilities as of September 30, 2019, were CNY 303,706,976.45, an increase from CNY 196,767,399.38 in the previous year, representing a rise of approximately 54.3%[26] - The company’s total liabilities increased, with short-term borrowings rising to RMB 70,000,000.00 from RMB 50,000,000.00, indicating a strategy to leverage for growth[21] Cash Flow - The net cash flow from operating activities decreased by 60.55% to -CNY 37,366,643.56 compared to the same period last year[6] - Cash flow from operating activities for the first nine months of 2019 was CNY 132,385,359.60, slightly down from CNY 132,559,203.68 in the previous year[39] - The company reported a net cash outflow from operating activities of CNY 37,366,643.56 in Q3 2019, compared to a net outflow of CNY 23,274,794.46 in Q3 2018[40] - Operating cash flow for the first three quarters of 2019 was -45,911,098.00 RMB, compared to -34,412,528.22 RMB in the same period of 2018, indicating a decline in cash flow[42] - Cash flow from financing activities showed a net increase of 11,797,442.83 RMB, recovering from a net outflow of -12,590,106.91 RMB in the same quarter last year[43] Shareholder Information - The total number of shareholders reached 28,966 by the end of the reporting period[12] - Major shareholder Jiang Hongye holds 43.21% of the shares, with 49,960,000 shares pledged[12] Research and Development - The company invested RMB 8,031,892.03 in development expenses, a significant increase of 202.19% from RMB 2,657,892.32, focusing on new retail and coding projects[16] - Research and development expenses grew by 61.61% to RMB 38,243,259.21, driven by increased personnel costs to support future business development[18] - Research and development expenses in Q3 2019 were CNY 10,257,051.39, significantly higher than CNY 2,691,883.76 in Q3 2018, marking an increase of 280.5%[35] Inventory and Accounts Receivable - Accounts receivable increased by 47.64% to RMB 205,968,119.75 from RMB 139,509,325.86, primarily due to extended payment terms influenced by major clients' acceptance processes[15] - Inventory rose by 59.15% to RMB 25,057,257.77 from RMB 15,744,051.36, reflecting proactive investments in multiple client projects not yet recognized as revenue[15] - The company’s inventory as of September 30, 2019, was CNY 25,057,257.77, up from CNY 15,744,051.36 in the previous year, indicating a growth of approximately 59.5%[24] Operating Costs - The company's operating costs increased by 52.03% to RMB 99,659,264.44, in line with the growth in business scale and revenue[18] - Total operating costs for Q3 2019 were CNY 57,098,729.25, up from CNY 42,778,409.67 in Q3 2018, indicating a rise of about 33.4%[29] - The total operating costs for Q3 2019 were CNY 41,427,476.76, compared to CNY 38,139,795.34 in Q3 2018, reflecting an increase of 6.0%[35] Financial Expenses - The company reported a significant decrease in financial expenses, down 70.02% to -RMB 3,341,396.36, due to reclassification of some bank interest income as investment income[18] - The financial expenses for Q3 2019 were CNY -135,550.54, a significant improvement from CNY -3,042,048.46 in Q3 2018[35]