Poten(SH:603603)2019-10-29 16:00Financial Performance - Revenue for the period from January to September was CNY 1,668,793,147.29, a decrease of 42.85% compared to the same period last year[8] - Net profit attributable to shareholders was a loss of CNY 240,495,367.42, representing a decrease of 251.06% compared to the same period last year[8] - Basic earnings per share were CNY -0.58, a decrease of 245.00% compared to the previous year[8] - Total operating revenue for Q3 2019 was ¥180,014,687.49, a decrease from ¥1,289,096,100.98 in Q3 2018[30] - Net profit for Q3 2019 was a loss of ¥292,576,940.82, compared to a profit of ¥62,609,323.43 in Q3 2018[31] - The net profit attributable to the parent company for Q3 2019 was -290,945,203.53 RMB, compared to a profit of 64,553,898.24 RMB in Q3 2018, indicating a significant decline[32] - Total revenue for Q3 2019 was 68,751,769.81 RMB, a decrease of 94.06% from 1,157,334,872.86 RMB in Q3 2018[35] - The total comprehensive loss for Q3 2019 was -292,421,634.00 RMB, compared to a comprehensive income of 62,856,500.93 RMB in Q3 2018[33] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 12,695,837,199, an increase of 6.51% compared to the end of the previous year[8] - Total liabilities rose to CNY 10.47 billion from CNY 9.53 billion, an increase of around 9.9%[24] - The company's equity attributable to shareholders decreased to CNY 1.44 billion from CNY 1.66 billion, a decline of about 13.3%[24] - Total current liabilities amounted to CNY 7.08 billion, slightly up from CNY 6.94 billion, indicating a growth of about 2.0%[24] - Total assets as of Q3 2019 were ¥9,952,257,250.08, an increase from ¥9,144,311,474.07 in the previous year[29] - Total liabilities for Q3 2019 were ¥8,533,530,690.10, compared to ¥7,661,110,491.53 in Q3 2018[29] Cash Flow - Operating cash flow net amount increased significantly by 1,099.75% to CNY 271,909,476.27 for the period from January to September[8] - The net cash flow from operating activities for the first three quarters of 2019 was CNY 416,833,570.09, down from CNY 599,604,307.48 in the previous year[43] - The company reported a total cash inflow from financing activities of CNY 3,633,818,624.64 in 2019, compared to CNY 1,826,606,638.48 in 2018, indicating a significant increase[41] - The net cash flow from financing activities was CNY 998,330,908.09, up from CNY 305,945,734.32 in the same period last year[41] - The cash outflow from operating activities totaled CNY 3,740,866,809.61, compared to CNY 3,239,928,033.55 in the previous year[43] Shareholder Information - The total number of shareholders at the end of the reporting period was 22,223[11] - The top shareholder, Huijin Juhua Investment Management Co., Ltd., holds 35.48% of the shares, with a total of 148,248,078 shares pledged[11] Inventory and Prepayments - As of the end of the reporting period, prepaid accounts increased by CNY 172.96 million, a growth of 175.08%, mainly due to a high number of projects awarded in previous periods[13] - Inventory increased by CNY 568.19 million, a growth of 106.96%, primarily due to changes in the external market environment and delays in project settlements[14] - The company reported a significant increase in prepayments, which rose to CNY 271.75 million from CNY 98.79 million, reflecting an increase of approximately 174.5%[22] Financial Expenses - The company reported a significant increase in financial expenses by CNY 93.62 million, a rise of 122.77%, mainly due to increased financing costs[15] - The company experienced a substantial increase in financial expenses, which reached ¥75,600,075.79 in Q3 2019, compared to ¥49,714,346.62 in Q3 2018[30] Investment Activities - The company’s investment income increased by CNY 40.45 million, a growth of 14,244.33%, primarily from the sale of subsidiaries[15] - The company reported a cash inflow from investment activities of CNY 198,104,964.76, compared to CNY 151,148,400.00 in the previous year[40] Market Conditions - The company anticipates continued operating liquidity pressure in the short term due to the overall market environment and financing conditions for private enterprises[18] - Operating revenue decreased by CNY 1.25 billion, a decline of 42.85%, primarily due to the slowdown in project progress influenced by market and financing conditions[15]