JZNEE(SH:603507)2019-10-25 16:00Financial Performance - Operating revenue for the first nine months reached CNY 1,077,851,179.66, a 60.78% increase year-on-year[6] - Net profit attributable to shareholders decreased by 97.34% to CNY 1,632,093.13 compared to the same period last year[6] - The net profit for the first nine months significantly decreased to RMB 3,180,629.48, down 94.81% from RMB 61,252,302.17 year-on-year[15] - The company reported a net loss of CNY 2,811,517.60 after deducting non-recurring gains and losses[6] - The company's operating revenue for the first three quarters of 2019 was ¥1,077,851,179.66, compared to ¥670,371,968.28 in the same period of 2018, reflecting a growth of approximately 60%[27] - The net profit for the first three quarters of 2019 was -¥15,039,464.99, a significant decline from ¥62,123,229.22 in the same period of 2018[35] Earnings Per Share - Basic earnings per share dropped by 97.94% to CNY 0.010[7] - Diluted earnings per share also fell by 97.33% to CNY 0.013[7] - The basic earnings per share for Q3 2019 were ¥0.175, compared to ¥0.1822 in Q3 2018, reflecting a decrease of about 3.9%[32] Cash Flow - The net cash flow from operating activities improved by 28.41%, reaching -CNY 143,044,843.18[6] - Operating cash flow for the period was -143,044,843.18 RMB, a decrease of 28.41% compared to -199,819,416.69 RMB in the previous year[17] - The net cash flow from operating activities for the first three quarters was -¥143,044,843.18, an improvement from -¥199,819,416.69 in the previous year[39] - The cash inflow from investment activities was ¥370,423,149.42, a significant decrease from ¥1,216,821,415.06 in the same period last year[40] - The net cash flow from financing activities was ¥122,347,430.86, down from ¥318,039,110.27 in the previous year[40] Assets and Liabilities - Total assets increased by 1.29% to CNY 3,028,640,155.05 compared to the end of the previous year[6] - Total current assets as of September 30, 2019, were 1,581,124,579.17 RMB, down from 1,823,717,771.55 RMB at the end of 2018[20] - Total liabilities increased to 1,606,209,474.60 RMB from 1,499,284,587.98 RMB, indicating a rise in financial obligations[22] - Long-term borrowings rose to 28,613,700.00 RMB from 10,000,000.00 RMB, indicating increased leverage[22] - The company reported a total asset value of CNY 2,99 billion as of September 30, 2019, unchanged from the previous year[46] Shareholder Information - The total number of shareholders reached 10,732 by the end of the reporting period[11] - The company's equity attributable to shareholders decreased to 1,381,445,819.60 RMB from 1,402,800,243.13 RMB, reflecting a decline in shareholder value[22] Research and Development - Research and development expenses rose by 75.77% to RMB 34,000,509.46, driven by new customer acquisition and product development[15] - Research and development expenses for Q3 2019 amounted to ¥13,058,073.62, compared to ¥10,375,085.23 in Q3 2018, marking an increase of about 26%[27] Operating Costs - The company’s operating costs rose by 77.02% to RMB 888,451,515.75, mainly due to high raw material prices and rising labor costs[15] - Total operating costs for Q3 2019 were ¥409,008,551.41, compared to ¥272,557,459.53 in Q3 2018, indicating an increase of about 50%[27] Investment Activities - Investment cash flow showed a significant increase to -435,750,978.37 RMB, up 234.11% from -130,421,218.80 RMB, primarily due to payments for acquiring shares in Shanghai Dite[17] - The company reported a total cash outflow from investment activities of ¥806,174,127.79, down from ¥1,347,242,633.86 in the same period last year[40] Financial Ratios - The weighted average return on net assets decreased by 4.21 percentage points to 0.12%[7] - The company is currently facing negative gross margins on new stator segment projects due to production inefficiencies[16]