Kersen(SH:603626)2019-10-29 16:00Financial Performance - Operating revenue for the first nine months decreased by 10.55% to CNY 1,366,101,089.07 compared to the same period last year[6] - Net profit attributable to shareholders was a loss of CNY 69,479,477.18, a decrease of 203.11% compared to the same period last year[6] - Basic earnings per share decreased by 203.45% to CNY -0.1677[7] - The company reported a net loss of CNY 74,352,975.36 after deducting non-recurring gains and losses, a decrease of 229.75% compared to the same period last year[6] - Operating profit decreased by RMB 132,277,104.22, a decline of 228.39%, attributed to lower product sales and high fixed costs[15] - Total operating revenue for Q3 2019 was ¥471,058,652.87, a decrease of 27.1% compared to ¥646,302,136.86 in Q3 2018[27] - Net profit for Q3 2019 was a loss of ¥41,270,346.02, compared to a loss of ¥7,531,233.99 in Q3 2018[29] - The total profit for Q3 2019 was a loss of ¥39,665,560.31, compared to a loss of ¥9,247,476.55 in Q3 2018[29] - The company reported a total comprehensive loss of ¥41,126,399.06 for Q3 2019, compared to a comprehensive income of ¥67,278,836.96 in Q3 2018[30] Asset and Liability Changes - Total assets decreased by 20.52% to CNY 3,942,992,999.21 compared to the end of the previous year[6] - Total liabilities decreased from CNY 3,009,918,774.01 in Q2 2019 to CNY 2,206,140,731.93 in Q3 2019, a reduction of approximately 26.6%[21] - Current liabilities decreased from CNY 2,243,023,460.65 in Q2 2019 to CNY 1,426,325,900.63 in Q3 2019, a decrease of about 36.4%[21] - Non-current liabilities increased slightly from CNY 766,895,313.36 in Q2 2019 to CNY 779,814,831.30 in Q3 2019, an increase of approximately 1.2%[21] - Total equity attributable to shareholders decreased from CNY 1,864,584,406.89 in Q2 2019 to CNY 1,692,069,791.28 in Q3 2019, a decline of about 9.2%[22] - Cash and cash equivalents decreased from CNY 472,397,030.22 in Q2 2019 to CNY 43,537,417.28 in Q3 2019, a significant drop of approximately 90.8%[23] - The total assets decreased from CNY 4,159,221,133.72 in Q2 2019 to CNY 3,478,409,774.56 in Q3 2019, a decline of about 16.4%[24] Cash Flow and Investment Activities - Cash flow from operating activities decreased by 23.05% to CNY 356,006,826.54 compared to the same period last year[6] - Net cash flow from investing activities decreased by RMB 536,334,569.91, a drop of 61.74%, as the company slowed its investment pace[15] - The company reported a net cash outflow from investing activities of CNY 332,338,120.16 in the first three quarters of 2019, compared to a net outflow of CNY 868,672,690.07 in the same period of 2018[34] - The cash inflow from investment activities was only 1,577,000.00 RMB in Q3 2019, a significant drop from 50,008,000.00 RMB in Q3 2018, showing reduced investment returns[39] - The total cash inflow from financing activities in Q3 2019 was 1,212,154,284.09 RMB, while the cash outflow was 1,668,444,341.69 RMB, resulting in a net cash flow of -456,290,057.60 RMB[39] Shareholder Information - The total number of shareholders was 22,977 at the end of the reporting period[12] - The largest shareholder, Xu Jingen, held 37.59% of the shares, with 152,880,000 shares pledged[12] Other Financial Metrics - The weighted average return on net assets was -3.87%, a decrease of 7.72 percentage points compared to the previous year[7] - The company anticipates a significant loss for the year, warning investors of potential risks due to substantial losses in the first three quarters[16] - The company received CNY 78,248,237.79 in tax refunds during the first three quarters of 2019, compared to CNY 39,940,327.15 in the same period of 2018, indicating a 96% increase[35] - The company incurred financial expenses of ¥6,207,604.47 in Q3 2019, an increase of 84.5% from ¥3,368,209.43 in Q3 2018[28]