Guirenniao(SH:603555)2019-10-29 16:00Financial Performance - Operating revenue for the first nine months decreased by 49.20% to CNY 1,169,364,071.68 year-on-year[5] - Net profit attributable to shareholders was CNY -166,079,653.54, a decrease of 1,134.18% compared to the same period last year[5] - The total profit for the period was a loss of approximately ¥151.10 million, a decline of 709.79% compared to the previous year[16] - The company reported a net loss of CNY 398,882,735.21 for the period, compared to a loss of CNY 232,803,081.67 in the previous period[14] - The company's total revenue for Q3 2019 was CNY 1,169,364,071.68, a decrease of 49.20% compared to CNY 2,302,011,509.73 in the same period last year[15] - The company's operating income decline was primarily due to the exclusion of certain subsidiaries from the consolidated financial statements, leading to a 14.28% decrease in revenue when adjusted for prior year figures[15] - The net profit for Q3 2019 was a loss of ¥3,085,057.85, compared to a loss of ¥59,071,530.03 in the same period last year[41] Cash Flow - The net cash flow from operating activities was CNY -312,919,266.42, a decline of 221.39% year-on-year[5] - Cash flow from operating activities showed a net outflow of approximately ¥312.92 million, a decrease of 221.39% compared to the previous year[18] - Total cash inflow from operating activities decreased to 1,263,087,456.97 RMB in 2019 from 2,826,746,422.53 RMB in 2018, reflecting a decline of about 55%[44] - Cash outflow from operating activities increased to 1,576,006,723.39 RMB in 2019, compared to 2,568,966,224.68 RMB in 2018, indicating a rise of approximately 38%[44] - The net cash flow from investing activities was 47,617,374.64 RMB in 2019, down from 591,995,320.21 RMB in 2018, showing a decrease of around 92%[45] - Cash inflow from sales of goods and services was 1,161,952,717.41 RMB in the first three quarters of 2019, down from 2,670,994,249.65 RMB in 2018, reflecting a decrease of about 56%[44] Assets and Liabilities - Total assets increased by 2.76% to CNY 4,884,005,592.96 compared to the end of the previous year[5] - The company's total assets increased to ¥6,039,943,079.31 in Q3 2019 from ¥5,651,318,260.41 in Q3 2018, representing a growth of approximately 6.9%[32] - Total liabilities reached RMB 3.342 billion, up from RMB 3.223 billion at the end of 2018, reflecting an increase of about 3.7%[29] - Total current liabilities were CNY 3,188,064,009.00, indicating a substantial short-term obligation[52] - Total liabilities amounted to CNY 3,223,021,928.48, reflecting the company's financial obligations[52] Shareholder Equity - The company’s total equity increased to RMB 1.542 billion from RMB 1.530 billion, reflecting a growth of approximately 0.8%[29] - Shareholders' equity increased to CNY 1,657,114,911.70, demonstrating improved equity position[52] - The company reported a negative retained earnings of approximately $404.06 million[57] Expenses - Sales expenses increased by 97.78% year-on-year, attributed to increased sales rebates and adjustments in the sales model leading to higher personnel costs[16] - Research and development expenses for Q3 2019 were ¥10,842,982.07, down from ¥16,483,808.08 in Q3 2018, a decrease of about 34%[35] - The company experienced a decrease in sales expenses, which were ¥73,712,049.39 in Q3 2019, down from ¥110,188,569.36 in Q3 2018, a decline of about 33%[35] Other Income and Gains - Non-recurring gains and losses totaled CNY 5,298,568.81 for the year-to-date, with government subsidies contributing CNY 35,157,002.04[8] - The company received government subsidies that contributed to an increase in other income by 192.80% year-on-year[16] - Other comprehensive income after tax for Q3 2019 was ¥41,383,326.58, compared to ¥6,278,574.82 in Q3 2018, indicating a substantial increase[36]