Tianyu Ecology(SH:603717)2019-10-30 16:00Financial Performance - Operating revenue decreased by 19.41% to CNY 615,116,662.90 for the period from January to September[5] - Net profit attributable to shareholders decreased by 26.40% to CNY 40,044,257.71 compared to the same period last year[5] - Basic earnings per share decreased by 26.40% to CNY 0.1656[5] - Total operating revenue for Q3 2019 was ¥181,391,163.21, a decrease of 2.0% compared to ¥186,130,896.90 in Q3 2018[24] - Net profit for Q3 2019 was ¥6,045,628.78, down 30.4% from ¥8,698,293.26 in Q3 2018[25] - Total profit for Q3 2019 was ¥3,532,617.42, a decrease of 61.9% from ¥9,259,537.93 in Q3 2018[25] - Total profit for the first three quarters of 2019 was ¥29,231,541.90, down 48.0% from ¥56,067,867.72 in the same period of 2018[28] - The company reported a total comprehensive income for Q3 2019 was a loss of ¥22,334,036.73, compared to a profit of ¥5,912,435.13 in Q3 2018[29] Cash Flow - Net cash flow from operating activities showed a significant decline of 487.07%, resulting in a negative cash flow of CNY -281,450,766.93[5] - Operating cash flow showed a net outflow of CNY -281,450,766.93, a decline of 487.07% compared to CNY -47,941,561.77 in the previous period, primarily due to reduced cash receipts from landscaping projects[14] - Cash flow from operating activities for the first three quarters of 2019 was a net outflow of ¥281,450,766.93, compared to a net outflow of ¥47,941,561.77 in the same period of 2018[31] - The company’s total cash inflow from operating activities for the first nine months of 2019 was 899,496,668.66 RMB, a decline of 25.6% compared to 1,208,960,222.93 RMB in the first nine months of 2018[34] - In Q3 2019, the company reported a net cash flow from operating activities of -85,100,299.89 RMB, a decrease from 113,326,603.31 RMB in Q3 2018[35] Assets and Liabilities - Total assets increased by 7.05% to CNY 3,313,213,887.01 compared to the end of the previous year[5] - Total liabilities increased to ¥1,891,250,311.85 from ¥1,718,215,600.84, representing a growth of approximately 10.06% year-over-year[18] - Current assets decreased slightly to ¥1,906,664,342.75 from ¥1,928,662,061.00, a decline of about 1.35%[21] - Cash and cash equivalents decreased to ¥199,088,392.94 from ¥232,925,221.17, a drop of approximately 14.51%[21] - Accounts receivable increased to ¥652,004,951.11 from ¥555,276,274.98, reflecting a growth of about 17.43%[21] - Total non-current liabilities rose to ¥299,931,292.99 from ¥54,574,172.50, a significant increase of approximately 449.06%[22] - The company reported a significant increase in accounts receivable, rising by 735.89% to CNY 8,972,000.94[11] Shareholder Information - The number of shareholders reached 17,834 by the end of the reporting period[8] - The top shareholder, Luo Weiguo, holds 26.28% of the shares, with 63,547,309 shares pledged[8] Income and Expenses - The company reported a non-operating income of CNY 9,721,549.00 for the period[7] - Investment income surged to CNY 12,965,137.61, a dramatic increase from CNY 42,279.86, driven by gains from the disposal of subsidiaries[13] - Other income decreased by 45.07% to CNY 656,445.44, mainly due to a reduction in government subsidies received[13] - Tax expenses decreased by 36.76% to CNY 6,621,557.29, reflecting a reduction in profitability during the reporting period[13] - Research and development expenses for Q3 2019 were ¥7,250,880.23, an increase of 6.1% from ¥6,835,602.74 in Q3 2018[24] - Sales expenses for Q3 2019 were ¥6,868,823.20, a decrease of 43.5% compared to ¥12,194,715.19 in Q3 2018[24] Financial Adjustments - The company adjusted the classification of available-for-sale financial assets to other non-current financial assets as per new financial instrument standards[44] - The company has implemented new financial instrument standards and new lease standards, with retrospective adjustments to prior comparative data not applicable[45] - The audit report is not applicable for the current period[45]