Hengtong Logistics(SH:603223)2019-10-30 16:00Financial Performance - Operating revenue for the period from January to September was CNY 5,144,929,820.38, representing a growth of 30.34% year-on-year[17]. - Net profit attributable to shareholders of the listed company was CNY 1,034,447.17, a decrease of 98.05% compared to the same period last year[17]. - Basic earnings per share decreased to CNY 0.004, down 98.00% from CNY 0.20 in the same period last year[17]. - The weighted average return on net assets fell to 0.10%, a decrease of 5.66 percentage points compared to the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY -10,101,877.15, a decline of 127.53% year-on-year[17]. - The company reported a significant decrease in notes receivable, down 47.40% to RMB 72,547,028.86 from RMB 137,914,767.18[28]. - The company reported a 66.04% decrease in development expenditures, down to RMB 3,363,457.77 from RMB 9,903,261.52, indicating a reduction in technology business investments[28]. - The company reported a gross profit margin of approximately 1.1% for Q3 2019, down from 5.2% in Q3 2018, indicating a decline in profitability[56]. - The net profit for Q3 2019 was a loss of CNY 4,016,251.56, compared to a profit of CNY 127,386.14 in Q3 2018, indicating a significant decline[65]. - The total comprehensive income attributable to the parent company for Q3 2019 was CNY -10,513,937.93, down from CNY 14,127,023.12 in Q3 2018[61]. Cash Flow - The net cash flow from operating activities for the period was CNY -26,213,058.52, a decline of 102.42% year-on-year[17]. - Cash received from operating activities increased by 35.43% to RMB 5,984,868,609.73 from RMB 4,419,142,608.45[30]. - The total cash flow from operating activities for the first three quarters of 2019 was CNY 5,984,868,609.73, compared to CNY 4,419,142,608.45 in the same period of 2018, representing an increase of approximately 35.5%[67]. - Operating cash inflows totaled approximately CNY 5.99 billion, an increase from CNY 4.45 billion year-over-year, reflecting a growth of about 34.8%[70]. - Operating cash outflows amounted to CNY 6.02 billion, compared to CNY 4.46 billion in the previous year, indicating a rise of approximately 35%[70]. - The net cash flow from operating activities was negative CNY 26.21 million, worsening from negative CNY 12.95 million year-over-year[70]. - Cash inflows from investment activities were CNY 630.99 million, significantly down from CNY 2.42 billion, a decrease of approximately 73.9%[70]. - Cash outflows for investment activities reached CNY 654.99 million, down from CNY 2.72 billion, representing a decline of about 76%[70]. - The net cash flow from investment activities was negative CNY 24.01 million, an improvement from negative CNY 301.25 million year-over-year[70]. - Cash inflows from financing activities totaled CNY 320.14 million, down from CNY 530.90 million, a decrease of approximately 39.6%[70]. - The net cash flow from financing activities was positive CNY 88.39 million, compared to CNY 306.07 million in the previous year, indicating a decline of about 71.1%[72]. - The ending cash and cash equivalents balance was CNY 168.63 million, slightly down from CNY 170.74 million year-over-year[72]. - The company reported a significant increase in cash received from operating activities, with a total of CNY 194.15 million for the first three quarters of 2019, compared to CNY 10.01 million in the same period last year[74]. Shareholder Information - The total number of shareholders at the end of the reporting period was 11,525[22]. - The largest shareholder, Liu Zhendong, held 28.96% of the shares, with 65,465,600 shares pledged[25]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,712,414,637.39, an increase of 2.42% compared to the end of the previous year[17]. - Cash and cash equivalents increased by 39.39% to RMB 239,355,452.18 from RMB 171,710,948.47 at the end of the previous year[28]. - Current liabilities totaled approximately ¥600.56 million, an increase of 11.8% from ¥537.21 million in the previous period[41]. - Non-current liabilities amounted to ¥16.82 million, down 14.3% from ¥19.61 million in the previous period[41]. - Total liabilities reached ¥617.39 million, reflecting an increase of 10.9% compared to ¥556.82 million previously[41]. - Total equity attributable to shareholders was approximately ¥1.02 billion, a slight decrease of 1.5% from ¥1.04 billion in the previous period[43]. - Total assets were reported at ¥1.71 billion, up from ¥1.67 billion, indicating a growth of 2.0%[43]. - The company reported a decrease in total current assets to ¥287.30 million from ¥385.46 million, a decline of 25.5%[47]. - Long-term equity investments slightly increased to ¥421.30 million from ¥419.22 million, a growth of 0.5%[47]. Future Strategy - The company plans to focus on market expansion and new product development as part of its future strategy[51]. - The company aims to enhance operational efficiency and reduce costs in response to the declining net profit[56].