FLYCO(SH:603868)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders was CNY 530,361,080.25, down 14.55% year-on-year[5] - Operating revenue for the first nine months was CNY 2,720,276,584.22, a decline of 3.51% compared to the same period last year[5] - The weighted average return on equity decreased by 4.32 percentage points to 21.22%[5] - Basic earnings per share were CNY 1.22, down 14.08% from CNY 1.42 in the previous year[5] - Total operating revenue for Q3 2019 was approximately ¥995.38 million, a decrease of 0.3% compared to ¥1,003.41 million in Q3 2018[23] - Net profit for Q3 2019 was approximately ¥193.22 million, down 13.0% from ¥222.19 million in Q3 2018[24] - Total profit for the first three quarters of 2019 was approximately ¥700.93 million, down 15.2% from ¥826.48 million in the same period of 2018[24] - The company reported a total comprehensive income of approximately ¥193.22 million for Q3 2019, compared to ¥222.19 million in Q3 2018[24] - Total comprehensive income for Q3 2019 was approximately ¥174.48 million, compared to ¥215.50 million in Q3 2018[27] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 207,899,588.80, a decrease of 27.46% year-on-year[5] - Cash flow from operating activities for the first three quarters of 2019 was approximately ¥207.90 million, down 27.36% from ¥286.59 million in the same period of 2018[28] - Total cash inflow from operating activities was CNY 3,066,059,560.55, down from CNY 3,179,753,608.55 year-over-year[31] - Cash outflow from operating activities increased to CNY 3,006,649,160.11, compared to CNY 2,836,024,191.45 in the previous year, reflecting a rise of 6%[31] - The net increase in cash and cash equivalents for the period was CNY -606,680,298.10, compared to CNY -376,150,392.11 in the same period last year[32] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,437,476,969.51, a decrease of 7.02% compared to the end of the previous year[5] - The total current assets decreased from ¥2.56 billion to ¥2.10 billion, a reduction of approximately 17.53%[15] - Current liabilities decreased from 1,048,793,008.58 to 862,640,555.27, a reduction of about 17.83%[17] - Total liabilities and equity decreased from 3,697,094,837.93 to 3,437,476,969.51, a decline of about 7.03%[17] - Non-current liabilities increased from 44,851,324.83 to 100,060,784.81, an increase of about 123.00%[17] - Total equity attributable to shareholders decreased from 2,601,691,888.42 to 2,474,205,020.92, a decline of approximately 4.89%[17] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,327[7] - The largest shareholder, Shanghai Feike Investment Co., Ltd., held 80.99% of the shares[7] Government Subsidies - The company received government subsidies amounting to CNY 50,771,852.21 during the reporting period[6] - The company received government subsidies related to assets amounting to ¥103.85 million, a 48.26% increase[11] - Other income increased by 46.19% to ¥2.11 million, reflecting an increase in government subsidies related to daily activities[10] Research and Development - R&D expenses increased by 46.50% to ¥49.37 million, driven by higher salaries and mold development costs[10] - Research and development expenses for Q3 2019 rose to approximately ¥18.57 million, an increase of 44.4% compared to ¥12.89 million in Q3 2018[23] - Research and development expenses increased to ¥17.12 million in Q3 2019, up 47.73% from ¥11.56 million in Q3 2018[26] Inventory and Prepayments - Prepayments increased by 87.57% to ¥48.02 million, primarily for advertising and mold prepayments[10] - Inventory increased from 495,050,243.04 to 640,058,298.39, an increase of approximately 29.23%[19] Investment Income - Investment income decreased by 53.53% to ¥13.12 million, attributed to reduced returns from short-term bank financial products[10] - Investment activities generated a net cash outflow of CNY 13,009,157.78, an improvement from a net outflow of CNY 69,739,840.59 in the same period last year[31] - Cash inflow from investment income was CNY 2,503,000,000.00, a decrease from CNY 3,110,000,000.00 in the previous year[31]