Tony Tech(SH:603595)2019-10-24 16:00Financial Performance - Operating income for the first nine months was ¥448,960,404.08, down 37.22% from ¥715,101,198.58 in the same period last year[18]. - Net profit attributable to shareholders was a loss of ¥172,630,966.89, a decline of 264.32% compared to a profit of ¥105,055,754.53 in the previous year[18]. - Basic and diluted earnings per share were both -¥0.86, a decrease of 262.26% from ¥0.53 in the previous year[20]. - The weighted average return on net assets was -21.85%, a decrease of 35.26 percentage points from 13.41% in the previous year[20]. - The company reported a net profit decline of 57.04% in undistributed profits to ¥138,741,225.93, mainly due to fixed asset and inventory impairments[24]. - The company reported a significant increase in long-term equity investments to ¥40,000,000.00 from ¥20,000,000.00, reflecting a 100% growth[36]. - The company reported a total comprehensive loss of CNY 110.88 million for Q3 2019, compared to a comprehensive income of CNY 113.21 million in Q3 2018[48]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,560,573,648.34, an increase of 8.09% compared to the end of the previous year[18]. - Total non-current assets reached ¥836,872,485.82, up from ¥737,808,187.26, indicating an increase of approximately 13.4%[33]. - Total liabilities increased to ¥859,207,060.62, up from ¥561,806,090.91, representing a 53% increase year-over-year[39]. - Current liabilities totaled ¥728,161,354.23, a substantial increase from ¥468,216,973.40, representing a rise of approximately 55.5%[34]. - Long-term borrowings increased by 52.42% to ¥116,300,000.00 due to increased bank project loans[24]. - Total equity decreased to ¥715,187,720.82 from ¥891,847,628.65, indicating a decline of approximately 20%[40]. Cash Flow - The net cash flow from operating activities was negative at ¥39,388,506.43, a decrease of 140.43% from ¥97,415,108.21 in the same period last year[18]. - The company's cash inflow from operating activities for the first three quarters of 2019 was CNY 422,077,883.83, a decrease of approximately 33.7% compared to CNY 636,286,479.27 in the same period of 2018[49]. - Cash inflow from investment activities totaled CNY 56,736,293.15, down from CNY 90,458,915.69 in the same period last year, representing a decline of about 37.2%[51]. - The net cash flow from investment activities was negative CNY 142,364,010.32, compared to a negative CNY 217,856,762.18 in the previous year, showing an improvement[51]. - Cash inflow from financing activities was CNY 450,452,202.00, an increase of approximately 29% from CNY 348,998,631.76 in the same period of 2018[51]. Shareholder Information - The total number of shareholders at the end of the reporting period was 6,753, with the largest shareholder holding 37.49% of the shares[22]. - The company completed a private placement of 14,159,291 shares at ¥22.60 per share, raising a total of approximately ¥320 million[27]. Operational Changes - The company established two wholly-owned subsidiaries with investments of ¥20 million and ¥10 million, respectively, to support strategic development[27]. - The company reported a loss from the disposal of non-current assets amounting to ¥986,546.67, related to the disposal of old equipment[20]. - Accounts receivable increased by 43.23% to ¥343,043,580.55 due to increased revenue from new consumer electronics products[24]. - Operating revenue decreased by 37.22% to ¥448,960,404.08 primarily due to a decline in revenue from diamond wire products[25].