Grace(SH:603256)2019-10-29 16:00Financial Performance - Operating income for the period was ¥498,041,966.28, a decrease of 22.83% compared to the same period last year[18]. - Net profit attributable to shareholders of the listed company was ¥81,037,711.35, down 39.16% year-on-year[18]. - Basic earnings per share decreased to ¥0.10, down 41.18% from ¥0.17 in the previous year[20]. - The weighted average return on net assets was 6.82%, a decrease of 6.50 percentage points compared to the previous year[20]. - Total operating revenue for Q3 2019 was ¥172,114,376.61, a decrease of 24% compared to ¥226,612,333.58 in Q3 2018[55]. - Net profit for Q3 2019 was ¥20,369,014.41, a decline of 62% from ¥52,983,044.62 in Q3 2018[64]. - The company reported a total profit of ¥24,823,328.99 for Q3 2019, down from ¥62,265,652.96 in Q3 2018, indicating a challenging market environment[64]. - Total comprehensive income for Q3 2019 was CNY 22,378,767.02, a decrease of 57.5% from CNY 52,601,447.27 in Q3 2018[80]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,883,696,269.67, an increase of 46.72% compared to the end of the previous year[18]. - Current assets totaled ¥1,287,152,499.74, compared to ¥874,254,376.54, indicating a rise of about 47.2%[43]. - Total liabilities rose to ¥481,505,597.68 from ¥210,400,370.39, showing an increase of approximately 128.5%[46]. - Owner's equity increased to ¥1,402,190,671.99 from ¥1,073,481,099.87, representing a growth of about 30.6%[48]. - The total liabilities amounted to ¥480,349,455.92, compared to ¥209,953,567.74 in the previous period, showing a significant increase[55]. - The company reported accounts receivable of ¥226.60 billion and inventory valued at ¥138.17 billion[94]. Cash Flow - Net cash flow from operating activities for the year-to-date was ¥126,545,088.96, an increase of 29.51% compared to the same period last year[18]. - The net cash flow from investing activities decreased by 226.08% to -¥360,415,864.32, driven by increased investments in structured deposits and the Huangshi Honghe project[35]. - Cash flow from operating activities for the first three quarters of 2019 was CNY 464,933,062.83, down from CNY 526,107,232.30 in the same period of 2018[81]. - The total cash outflow from operating activities was 346,650,591.02 RMB, reduced from 441,942,146.19 RMB, reflecting a decrease of about 21.5%[85]. - The company received 350,274,754.73 RMB from new investments, showing strong capital inflow[87]. Shareholder Information - The total number of shareholders at the end of the reporting period was 34,734[26]. - The largest shareholder, Far East International, held 75.01% of the shares, totaling 658,405,037 shares[26]. Market and Strategic Initiatives - The company noted a decline in high-end smartphone sales and increased competition, affecting the overall demand in the electronic-grade glass fiber cloth industry[31]. - The company is focusing on market expansion and new product development as part of its strategic initiatives moving forward[55].