RAYNEN(603933)2019-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 1,098,761,311.71, a decline of 25.95% year-on-year[7] - Net profit attributable to shareholders decreased by 65.27% to CNY 36,263,341.66 for the first nine months[7] - Basic and diluted earnings per share fell by 65.27% to CNY 0.1802[8] - Net profit after deducting non-recurring gains and losses was CNY 23,890,545.71, down 74.69% year-on-year[8] - Total operating revenue for Q3 2019 was ¥336,530,049.78, a decrease of 29% compared to ¥473,472,252.32 in Q3 2018[32] - Net profit for Q3 2019 was ¥5,410,131.44, a significant decline from ¥24,758,205.86 in Q3 2018, representing a 78% decrease[33] - The total profit for the first three quarters of 2019 was ¥51,330,535.57, down 65.0% from ¥146,443,797.48 in the same period of 2018[36] - The company reported a total comprehensive income of ¥9,495,723.55 in Q3 2019, significantly lower than ¥70,741,140.12 in Q3 2018[37] Cash Flow - Net cash flow from operating activities improved to CNY 66,691,320.23, compared to a negative cash flow of CNY 108,459,671.81 in the same period last year[7] - The net cash flow from operating activities for the first three quarters of 2019 was ¥66,691,320.23, a significant improvement compared to a net outflow of ¥108,459,671.81 in the same period of 2018[39] - Cash flow from financing activities showed a net outflow of -¥103,665,735.94 in 2019, contrasting with a net inflow of ¥88,400,945.66 in the previous year[40] - The cash outflow for purchasing goods and services was ¥851,823,716.24 in 2019, down 29% from ¥1,201,620,525.85 in 2018[39] Assets and Liabilities - Total assets decreased by 8.41% to CNY 1,389,400,444.91 compared to the end of the previous year[7] - The company's cash and cash equivalents decreased by 38.29% from the beginning of the year, totaling RMB 99,162,079.36[16] - Current assets totaled CNY 1,229,864,156.76, down from CNY 1,372,596,731.88, indicating a decrease of about 10.4%[24] - Total liabilities decreased significantly, with accounts payable dropping by 61.38% to RMB 16,270,000.00[17] - Total liabilities decreased to CNY 334,309,159.74 from CNY 460,793,305.47, a reduction of approximately 27.4%[26] - The total liabilities decreased from ¥187,920,799.78 in Q3 2018 to ¥152,969,508.55 in Q3 2019, a reduction of approximately 19%[30] - The company reported a significant decrease in other current assets, adjusting from CNY 384,547,646.47 to CNY 13,618,693.04[46] Shareholder Information - The total number of shareholders at the end of the reporting period was 20,718[13] - The largest shareholder, Ruineng Industrial Co., Ltd., held 67.28% of the shares[13] - The company's equity attributable to shareholders was CNY 1,048,551,763.74, slightly down from CNY 1,049,567,711.64, a decrease of about 0.1%[26] Investments and Expenses - Research and development expenses for the first three quarters of 2019 totaled ¥37,627,770.64, an increase of 13% compared to ¥33,288,050.39 in the same period of 2018[32] - The company reported a total of ¥4,473,148.77 in investment income for Q3 2019, compared to ¥3,971,096.29 in Q3 2018, marking an increase of 13%[33] - The investment income for Q3 2019 was ¥2,768,173.48, a significant drop from ¥53,327,719.49 in Q3 2018[36] Other Financial Metrics - The weighted average return on equity decreased by 6.94 percentage points to 3.46%[8] - The gross profit margin for Q3 2019 was approximately 1.5%, down from 10.5% in Q3 2018, indicating a significant decline in profitability[32] - The company's gross profit margin for Q3 2019 was approximately 31.5%, compared to 33.5% in Q3 2018[36]