BLEST(SH:603959)2019-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 900,737,732.44, a 62.77% increase year-on-year[6] - Net profit attributable to shareholders decreased by 28.38% to CNY 64,874,587.63 compared to the same period last year[6] - Basic earnings per share fell by 28.57% to CNY 0.15[7] - The weighted average return on net assets decreased by 3.28 percentage points to 5.76%[6] - Total operating revenue for Q3 2019 reached ¥351,865,006.15, a significant increase of 111.3% compared to ¥166,130,560.24 in Q3 2018[29] - Net profit for Q3 2019 was ¥24,021,787.76, representing a 109.4% increase from ¥11,486,475.56 in Q3 2018[30] - The total comprehensive income for Q3 2019 was ¥23,817,787.76, compared to ¥64,490,852.83 in the same period last year[31] - The company reported a total profit of approximately ¥6.99 million for Q3 2019, down from ¥14.82 million in Q3 2018, a decline of 52.8%[34] Cash Flow - The net cash flow from operating activities was negative at CNY -261,846,546.54, a decline of 262% compared to the previous year[6] - Cash inflow from operating activities totaled 162,650,750.64 RMB, down 59.9% from 404,859,464.96 RMB year-over-year[38] - The cash outflow for purchasing goods and services was 270,005,647.64 RMB, a substantial increase from 58,198,624.92 RMB year-over-year[38] - The cash flow from investment activities was primarily impacted by a cash outflow of 35,054,300.00 RMB related to other investment activities, down from 59,000,000.00 RMB in the previous year[38] - The cash outflow from investing activities for the first three quarters of 2019 was approximately ¥13.42 million, a decrease from ¥152.35 million in the same period of 2018, indicating a reduction of 91.2%[37] - The net cash flow from financing activities was 173,876,493.40 RMB, a significant increase from 7,223,952.49 RMB year-over-year[39] Assets and Liabilities - Total assets increased by 23.19% to CNY 3,325,096,673.86 compared to the end of the previous period[6] - Current assets reached RMB 2,454,297,772.31, up from RMB 1,836,314,638.18, indicating a growth of about 33.6% year-over-year[20] - Total liabilities reached CNY 1,584,249,099.43, compared to CNY 1,095,722,885.37 in the previous year, indicating a significant increase[26] - Short-term borrowings rose by 49.14% to ¥780,000,000.00, reflecting increased funding needs for engineering projects[12] - Total current liabilities rose to RMB 2,174,982,708.87 from RMB 1,484,554,928.93, indicating an increase of about 46.6%[21] Shareholder Information - The total number of shareholders reached 13,406 at the end of the reporting period[10] - The largest shareholder, Tibet Xinhai New Venture Investment Co., Ltd., holds 47.50% of the shares[10] Research and Development - Research and development expenses grew by 58.54% to ¥47,152,028.96, due to increased investment in R&D projects[13] - Research and development expenses for Q3 2019 amounted to ¥17,595,508.44, an increase of 23.5% compared to ¥14,251,048.93 in Q3 2018[29] - Research and development expenses for the first three quarters of 2019 totaled approximately ¥27.25 million, up from ¥10.89 million in the same period of 2018, reflecting a year-over-year increase of 150.5%[33] Government Support - The company received government subsidies amounting to CNY 1,661,100.00 during the reporting period[8] - The company received ¥760,000.00 from new investments, marking a 100% increase in investment cash inflow[15]