AA Belt(SH:603580)2019-10-29 16:00Financial Performance - Operating income for the first nine months rose by 2.59% to CNY 147,336,869.24 year-on-year[7] - Net profit attributable to shareholders decreased by 14.53% to CNY 26,769,947.12 compared to the same period last year[7] - Basic and diluted earnings per share fell by 14.52% to CNY 0.2049[8] - Non-operating income for the first nine months totaled CNY 4,815,031.29, including government subsidies and other income[9] - The company reported a total profit of CNY 8,728,673.98 for Q3 2019, down from CNY 9,560,612.18 in Q3 2018, a decline of 8.7%[33] - The company’s total operating revenue for the first three quarters of 2019 reached CNY 147,336,869.24, up from CNY 143,614,168.00 in the same period of 2018, showing a growth of 2.5%[29] Cash Flow - The net cash flow from operating activities dropped significantly by 50.37% to CNY 11,130,226.46[7] - The net cash flow from operating activities for the first three quarters of 2019 was ¥11,130,226.46, a decrease of 50.5% compared to ¥22,424,283.32 in the same period of 2018[36] - Total cash inflow from operating activities increased to ¥154,251,356.65, up 5.5% from ¥146,031,798.40 year-on-year[36] - Cash outflow from operating activities rose to ¥143,121,130.19, an increase of 15.7% compared to ¥123,607,515.08 in the previous year[36] - The net cash flow from investment activities was negative at -¥49,461,880.83, worsening from -¥20,528,318.57 in the same period last year[37] - The net cash flow from financing activities was -¥7,054,700.98, an improvement from -¥10,342,057.11 year-on-year[37] Assets and Liabilities - Total assets increased by 5.24% to CNY 461,550,504.11 compared to the end of the previous year[7] - The company's total liabilities increased by 182.85% for other payables, reaching ¥2,351,154.76 compared to the previous period[12] - Total current assets increased to CNY 350,140,569.31 from CNY 334,775,471.79, representing a growth of approximately 1.09%[20] - Total non-current assets reached CNY 111,409,934.80, compared to CNY 103,814,235.14, marking an increase of about 7.7%[21] - Total liabilities decreased to CNY 43,379,888.75 from CNY 44,028,961.95, indicating a reduction of approximately 1.5%[22] - Shareholders' equity increased to CNY 418,170,615.36 from CNY 394,560,744.98, reflecting a growth of about 5.96%[22] Expenses - Sales expenses rose by 31.79% to ¥17,911,322.86, driven by higher employee compensation, social insurance, advertising, and leasing costs[12] - Research and development expenses for Q3 2019 were CNY 2,260,989.40, an increase of 29.3% compared to CNY 1,748,694.82 in Q3 2018[29] - The company incurred a tax expense of CNY 1,157,974.94 in Q3 2019, down from CNY 1,343,872.06 in Q3 2018, reflecting a decrease of 13.8%[33] Shareholder Information - The number of shareholders reached 5,870, with the top two shareholders holding a combined 66.94%[9] - The dividend payable surged by 443.21%, amounting to ¥1,617,000.00, indicating a significant increase from the beginning of the period[12] Other Financial Metrics - The weighted average return on net assets decreased by 1.56 percentage points to 6.60%[7] - Interest income increased by 67.89% to ¥2,426,261.10, attributed to higher income from financial products[12] - Other income saw a substantial increase of 210.47%, reaching ¥3,982,273.41, primarily due to government subsidies[12] - The company achieved a remarkable 281.06% increase in asset disposal gains, totaling ¥336,314.01 from the disposal of a Shanghai license plate[12] - The company reported a total of CNY 1,810,032.72 in other income for Q3 2019, compared to CNY 1,023,238.72 in Q3 2018, marking an increase of 76.8%[30]