纵横通信(603602) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months reached CNY 574,571,154.57, a significant increase of 57.49% year-on-year[6] - Net profit attributable to shareholders decreased by 16.39% to CNY 20,524,552.73 compared to the same period last year[6] - Basic earnings per share fell by 18.75% to CNY 0.13[7] - The company reported a total profit of ¥1,196,751.01 for Q3 2019, down 46.5% from ¥2,239,923.72 in Q3 2018[25] - Net profit for Q3 2019 was ¥175,437.84, a decrease of 89.7% from ¥1,699,151.20 in Q3 2018[25] - The company reported a total of ¥2,196,400.40 in other income for the first three quarters of 2019, compared to ¥157,956.00 in the same period of 2018[24] Assets and Liabilities - Total assets increased by 11.34% to CNY 1,216,391,867.58 compared to the end of the previous year[6] - Current liabilities totaled ¥514,427,074.23, compared to ¥410,554,981.51 in the previous year, indicating an increase of about 25.3%[18] - Total liabilities as of the third quarter of 2019 were approximately ¥410.55 million, showing no significant change from the previous year[39] - Total current assets as of the third quarter of 2019 amounted to approximately ¥1.00 billion, indicating stable asset management[38] - Non-current assets totaled ¥139,819,906.97, up from ¥88,236,270.29, indicating a growth of approximately 58.5%[22] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -181,864,305.32, indicating a decline in cash generation[6] - Cash inflow from operating activities for the first three quarters of 2019 was approximately ¥525 million, a significant increase from ¥325 million in the same period of 2018, representing a growth of 61.8%[35] - The net cash flow from operating activities was negative at approximately ¥14.28 million for the first three quarters of 2019, an improvement compared to a negative cash flow of ¥139.95 million in the same period of 2018[35] - The company’s cash flow from investing activities decreased by 71.11% to ¥130 million, primarily due to reduced investments in financial products[13] - Cash inflow from financing activities increased significantly to approximately ¥273 million in the first three quarters of 2019, compared to ¥40 million in the same period of 2018[36] Shareholder Information - The total number of shareholders reached 32,018 by the end of the reporting period[9] - The largest shareholder, Su Weifeng, holds 30.56% of the shares, totaling 47,911,024 shares[9] Research and Development - Research and development expenses increased by 49.71% to ¥26.68 million, attributed to rising labor costs[12] - Research and development expenses for the first three quarters of 2019 amounted to ¥26,682,745.47, compared to ¥17,822,438.29 in the same period of 2018, indicating a 49.8% increase[24] Other Financial Metrics - The weighted average return on net assets decreased by 0.80 percentage points to 2.99%[7] - Other income saw a dramatic increase of 1290.51% to ¥2.20 million, mainly due to government rental subsidies received this year[12] - The company reported a significant increase in prepayments, which rose by 243.67% to ¥73.50 million, mainly due to increased procurement by Guangdong Zongheng[12] - The company has not disclosed any significant new product developments or market expansion strategies in this report[11]