Leysen(SH:603900)2019-10-29 16:00Financial Performance - Operating revenue for the first nine months decreased by 22.79% to CNY 1,023,369,575.55 year-on-year[4] - Net profit attributable to shareholders decreased by 32.41% to CNY 144,161,064.79 compared to the same period last year[4] - Basic earnings per share decreased by 32.42% to CNY 0.4234 compared to the previous year[4] - The weighted average return on equity decreased by 3.00 percentage points to 6.11%[4] - Total operating revenue for Q3 2019 was ¥282,775,174, a decrease of 18.4% compared to ¥346,420,503 in Q3 2018[25] - Net profit for the first three quarters of 2019 was ¥19,438,668.78, a decrease of 25.5% compared to ¥26,100,363.53 in the same period of 2018[25] - In Q3 2019, the company's net profit reached ¥17,691,890.09, a decrease from ¥38,409,321.13 in Q3 2018, representing a decline of approximately 54.0%[26] - For the first three quarters of 2019, the net profit was ¥143,805,136.24, down from ¥212,841,768.34 in the same period of 2018, indicating a decrease of about 32.4%[26] - The total profit for Q3 2019 was ¥23,685,458.12, compared to ¥51,515,057.58 in Q3 2018, reflecting a decline of approximately 54.0%[26] - The company's operating profit for the first three quarters of 2019 was ¥167,949,936.25, down from ¥269,426,752.93 in the same period of 2018, a decrease of about 37.5%[26] Assets and Liabilities - Total assets decreased by 3.03% to CNY 2,697,091,790.61 compared to the end of the previous year[4] - The company reported a significant decrease in other current assets by 93.81% to CNY 54,557,777.13[9] - Total current assets were CNY 2,497,772,955.13, down from CNY 2,575,861,839.09, indicating a decrease of about 3%[15] - Total liabilities decreased to CNY 356,945,432.08 from CNY 380,660,103.28, a reduction of approximately 6%[16] - The total equity attributable to shareholders was CNY 2,340,381,485.20, down from CNY 2,400,505,327.08, indicating a decline of approximately 2.5%[17] - The company reported a total of CNY 349,696,840.33 in current liabilities, a decrease from CNY 375,832,693.22, representing a decline of about 7%[16] - Total assets as of September 30, 2019, were ¥2,717,584,509.81, down from ¥2,950,528,070.29 at the end of 2018[21] - Total liabilities decreased to ¥593,446,641.19 from ¥728,514,086.41 at the end of 2018, representing a reduction of 18.5%[21] Cash Flow - Net cash flow from operating activities turned negative at CNY -36,896,603.17, a decrease of 129.42% year-on-year[4] - Cash inflow from operating activities for the first three quarters of 2019 was approximately ¥1.35 billion, down from ¥1.61 billion in the same period of 2018, a decrease of 16.19%[33] - The net cash flow from operating activities was -26,105,730.17 RMB, a decrease from 133,670,892.92 RMB in the previous year[37] - The total cash inflow from financing activities was 204,284,304.00 RMB, compared to 95,332,675.20 RMB in the same period of 2018[38] - The net cash flow from financing activities was -204,284,304.00 RMB, worsening from -57,822,675.20 RMB in the previous year[38] Inventory and Receivables - Inventory increased to CNY 1,641,144,961.48 from CNY 1,446,002,617.28, reflecting a growth of approximately 13.5%[15] - Accounts receivable decreased to CNY 96,548,853.38 from CNY 115,039,457.41, a decline of about 16%[14] - The company reported a decrease in accounts payable to ¥119,879,431.78 from ¥183,715,772.98, a decline of 34.7%[20] - The company reported a decrease in other receivables by CNY 3,053,063.88, reflecting adjustments in financial management[42] Future Outlook - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[25] - Research and development expenses were not disclosed in the provided data, indicating a potential area for further inquiry[30]