STS(SH:603322)2019-10-30 16:00Financial Performance - Operating revenue for the first nine months was ¥934,817,643.59, reflecting a 1.05% increase year-on-year[7] - Net profit attributable to shareholders was -¥55,591,598.77, a decrease of 847.73% compared to the same period last year[7] - The weighted average return on equity decreased by 12.65 percentage points to -10.41%[7] - Basic earnings per share for the period was -¥0.36, down 427.27% from ¥0.11 in the previous year[7] - The company experienced a significant decline in net profit, indicating potential challenges in operational efficiency and market conditions[7] - Total profit decreased by 183.63% from CNY 34,636,065.99 to CNY -28,966,671.08, reflecting challenges in revenue expectations[15] - Net profit attributable to shareholders of the parent company decreased to -47,745,798.03 RMB, a decline of 534.21% compared to the previous period[16] - Total operating revenue for Q3 2019 was approximately ¥369.33 million, a slight decrease of 1.1% compared to ¥373.75 million in Q3 2018[28] - Net profit for Q3 2019 was approximately ¥6.82 million, a decrease of 64.7% compared to ¥19.31 million in Q3 2018[29] - The company reported a net loss of approximately ¥28.21 million for the first three quarters of 2019, compared to a net profit of ¥33.30 million in the same period of 2018[30] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -¥209,559,071.19 for the first nine months, compared to -¥130,576,698.24 in the previous year[7] - Cash and cash equivalents decreased by 54.81% from CNY 458,496,822.73 to CNY 207,195,878.33, primarily due to payments for due accounts payable[13] - Cash and cash equivalents decreased significantly to ¥144,055,636.24 from ¥339,499,387.64, a decline of 57.5%[25] - Cash paid for the acquisition of fixed assets rose by 66.30% to 16,903,653.76 RMB, mainly due to land purchase payments[16] - Cash flow from tax refunds increased by 227.10% to 1,936,372.78 RMB, primarily due to an increase in VAT refunds from software sales[16] - The net cash flow from operating activities for the first nine months of 2019 was -CNY 67.03 million, an improvement from -CNY 134.93 million in the same period of 2018[40] - Cash and cash equivalents at the end of the first nine months of 2019 were CNY 98.82 million, down from CNY 176.50 million at the end of the same period in 2018, reflecting a decline of about 44.1%[41] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,222,669,379.45, a 0.49% increase compared to the end of the previous year[7] - Total liabilities increased to ¥1,508,250,932.25, up from ¥1,346,203,726.69, representing a growth of approximately 12.0% year-over-year[26] - Current assets totaled ¥1,234,046,553.51, a decrease of 6.1% from ¥1,314,902,493.09 in the previous year[25] - Total assets amounted to ¥2,211,725,174.08, with current assets at ¥1,906,664,603.72 and non-current assets at ¥305,060,570.36[44] - Total liabilities reached ¥1,538,135,073.13, with current liabilities at ¥1,361,613,814.29 and non-current liabilities at ¥176,521,258.84[45] Shareholder Information - The total number of shareholders at the end of the reporting period was 19,957[10] - The largest shareholder, Liang Jianhua, holds 73,206,000 shares, representing 46.77% of the total shares, with 39,718,000 shares pledged[10] - Shareholders' equity decreased to ¥381,703,535.40 from ¥449,954,785.53, reflecting a decline of about 15.1%[26] - The total equity attributable to shareholders was ¥488,672,137.15, with minority interests at ¥184,917,963.80[46] Expenses and Impairments - Sales expenses increased by 45.09% from CNY 22,386,990.19 to CNY 32,481,483.16, as all three subsidiaries were included in the consolidation scope[15] - Financial expenses grew by 78.27% from CNY 15,217,819.11 to CNY 27,128,173.71, primarily due to an increase in borrowings[15] - Asset impairment losses surged by 122.94% from CNY 17,474,463.18 to CNY 38,958,184.96, mainly due to increased bad debts in subsidiaries[15] - The company incurred asset impairment losses of approximately ¥18.90 million in Q3 2019, compared to ¥5.80 million in Q3 2018[29] - The company recorded an asset impairment loss of CNY 21.51 million in the first three quarters of 2019, compared to CNY 11.30 million in the previous year[33] Research and Development - Research and development expenses for the first three quarters of 2019 were approximately ¥48.99 million, an increase of 10.4% compared to ¥44.40 million in the same period of 2018[28] - The company's R&D expenses in the first three quarters of 2019 were CNY 28.63 million, a decrease of 5.1% from CNY 30.19 million in the previous year[32]