SITONG(SH:603838)2019-10-28 16:00Financial Performance - Revenue for the first nine months decreased by 4.42% to CNY 340,117,779.78 compared to the same period last year[7]. - Net profit attributable to shareholders decreased by 3.08% to CNY 51,667,432.69 year-on-year[7]. - Basic earnings per share decreased by 5.00% to CNY 0.19 compared to the same period last year[8]. - Weighted average return on net assets decreased by 0.52 percentage points to 7.07%[8]. - Total operating revenue for Q3 2019 was ¥165,603,477.03, a slight increase from ¥162,980,595.06 in Q3 2018[36]. - Net profit for Q3 2019 was ¥25,423,547.30, up from ¥17,390,549.63 in Q3 2018, indicating a growth of about 46%[38]. - The total profit for Q3 2019 was ¥29,806,516.60, compared to ¥22,879,975.01 in Q3 2018, which is an increase of approximately 30%[38]. - The total profit for Q3 2019 was ¥23,825,799.51, up from ¥20,007,153.72 in Q3 2018, which is an increase of around 9.1%[43]. Assets and Liabilities - Total assets increased by 14.29% to CNY 955,973,493.71 compared to the end of the previous year[7]. - Current assets totaled CNY 432,707,848.39, compared to CNY 340,245,031.96 in the previous year, reflecting a rise of about 27.2%[28]. - Non-current assets amounted to CNY 523,265,645.32, an increase from CNY 496,173,243.07, indicating a growth of approximately 5.5%[28]. - Total liabilities reached CNY 195,833,815.10, compared to CNY 114,626,336.32, marking an increase of around 71.0%[29]. - Current liabilities were CNY 82,802,048.47, up from CNY 45,521,163.15, which is an increase of approximately 81.9%[29]. - The company’s tax payable increased by 198.40% to approximately ¥11.62 million, mainly due to property and land use tax accruals[16]. - The company’s total liabilities increased significantly, with long-term borrowings reaching ¥45 million, marking a 100% increase[16]. Cash Flow - Operating cash flow net amount decreased by 38.42% to CNY 46,097,944.93 compared to the same period last year[7]. - Net cash flow from operating activities decreased by 62.40% to CNY 46,097,944.93, primarily due to slow collection of sales payments and reduced procurement of raw materials[21]. - Net cash flow from financing activities increased significantly to CNY 51,253,030.58, mainly due to a loan of CNY 45 million from Chaozhou Private Investment Co., Ltd. and additional loans from local banks[21]. - Cash inflow from operating activities for the first three quarters of 2019 was CNY 309,144,193.34, down from CNY 405,726,400.91 in the same period of 2018, a decrease of 23.8%[45]. - Cash outflow from investment activities for the first three quarters of 2019 was CNY 46,401,921.62, down from CNY 109,073,968.71 in 2018, a decrease of 57.5%[45]. Shareholder Information - The total number of shareholders reached 16,176, with the top ten shareholders holding significant stakes, including Huang Jianping with 8.88% and Cai Zhencheng with 7.24%[13]. - Shareholders' equity totaled CNY 760,139,678.61, compared to CNY 721,791,938.71, showing a growth of about 5.3%[30]. Investment and Development - The company is focusing on market expansion and new product development as part of its strategic initiatives[14]. - The company plans to continue focusing on market expansion and new product development as part of its future strategy[36]. - Research and development expenses for Q3 2019 were ¥11,576,702.31, compared to ¥10,023,964.41 in Q3 2018, marking an increase of about 15.5%[37]. Other Income and Expenses - Non-operating income from government subsidies amounted to CNY 2,036,948.39 for the year-to-date[9]. - Other non-operating expenses resulted in a net loss of CNY 922,313.60[10]. - Interest income decreased by 61.43% to CNY 1,076,395.80 compared to the same period last year, primarily due to a reduction in income from financial products[18]. - Other income decreased by 60.91% to CNY 2,036,948.39, mainly due to a reduction in government subsidies received during the reporting period[18].