TKD(SH:603738)2019-10-28 16:00Financial Performance - Revenue for the year-to-date was CNY 418,796,940.97, down 10.39% from CNY 467,379,229.98 in the same period last year[7] - Net profit attributable to shareholders decreased by 85.40% to CNY 6,051,140.94 compared to CNY 41,443,124.50 in the previous year[7] - Basic earnings per share fell by 84.62% to CNY 0.04, while diluted earnings per share decreased by 88.46% to CNY 0.03[7] - Net profit for Q3 2019 decreased by 85.50% to ¥7,051,836.75 from ¥48,632,787.46 in Q3 2018, mainly due to a decline in revenue[12] - Operating profit fell by 75.34% to ¥13,846,835.25 compared to ¥56,162,278.22 in the same period last year, attributed to decreased income[12] - Total revenue for Q3 2019 saw a significant decline, leading to a 77.19% drop in total profit to ¥14,226,683.36 from ¥62,372,730.67[12] - The net profit for the first three quarters of 2019 was $7.05 million, compared to $48.63 million in the same period of 2018, a decrease of 85.49%[24] - Total profit for Q3 2019 was $6.10 million, a decrease of 68.45% from $19.36 million in Q3 2018[23] Cash Flow - Operating cash flow for the year-to-date reached CNY 138,167,824.39, a significant increase of 414.81% compared to the same period last year[7] - The company reported a 414.81% increase in net cash flow from operating activities, reaching ¥138,167,824.39, driven by increased customer payments and government subsidies[12] - The company's cash flow from operating activities for the first three quarters of 2019 was CNY 138,167,824.39, significantly up from CNY 26,838,498.16 in the same period of 2018[30] - The company's net cash flow for the first three quarters of 2019 was CNY 41,028,042.48, a recovery from a negative cash flow of -CNY 196,889,889.10 in the same period of 2018[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,189,116,723.04, a decrease of 0.59% compared to the end of the previous year[7] - Current liabilities totaled CNY 269,935,482.72, a decrease of 6.1% from CNY 287,446,706.10 in the previous period[17] - Non-current liabilities amounted to CNY 95,621,687.66, down 46.1% from CNY 177,675,316.49 year-over-year[17] - Total liabilities decreased to CNY 365,557,170.38, a reduction of 21.5% compared to CNY 465,122,022.59[17] - Total equity increased to CNY 823,559,552.66, up 12.6% from CNY 731,074,587.54[17] - Total assets reached CNY 1,189,116,723.04, slightly down from CNY 1,196,196,610.13[18] - Total liabilities amounted to CNY 465,122,022.59, with current liabilities at CNY 287,446,706.10 and non-current liabilities at CNY 177,675,316.49[37] Shareholder Information - The total number of shareholders at the end of the reporting period was 31,379[9] - The top shareholder, Yu Xindong, holds 40.45% of the shares, with 67,592,000 shares pledged[9] Research and Development - Research and development expenses for Q3 2019 were $6.46 million, an increase of 17.43% compared to $5.50 million in Q3 2018[23] - Research and development expenses in Q3 2019 were CNY 3,407,444.26, an increase of 19.6% compared to CNY 2,847,259.69 in Q3 2018[26] Strategic Focus - The company aims to enhance its market expansion and product development strategies moving forward, focusing on innovation and efficiency improvements[28]