DZCM(SH:603999)2019-10-25 16:00Financial Performance - Net profit attributable to shareholders rose by 49.77% year-on-year, amounting to RMB 50,401,213.09[9] - Basic earnings per share increased by 50.00% to RMB 0.09[9] - Net profit for the first nine months increased by 51.99% to ¥50,541,708.87 from ¥33,253,528.04, attributed to price increases for the magazine and reduced procurement costs for paper[16] - Total profit for the first three quarters of 2019 was ¥50,637,622.81, an increase from ¥34,233,602.77 in the same period of 2018[27] - Net profit for Q3 2019 was ¥27,325,432.55, representing a 46.3% increase compared to ¥18,682,644.12 in Q3 2018[27] - The total comprehensive income attributable to the parent company for Q3 2019 was ¥26,610,699.30, compared to ¥19,257,839.33 in Q3 2018[29] Revenue and Costs - Operating revenue for the first nine months increased by 1.95% year-on-year, totaling RMB 511,196,754.30[9] - Total operating revenue for Q3 2019 reached ¥245,196,060.63, a 32.2% increase from ¥185,482,853.45 in Q3 2018[26] - Total operating costs for Q3 2019 were ¥232,667,345.04, up 38.6% from ¥167,888,038.55 in Q3 2018[26] - The company reported a total operating revenue of ¥511,196,754.30 for the first nine months of 2019, up from ¥501,430,607.67 in the same period of 2018[26] Assets and Liabilities - Total assets increased by 9.51% year-on-year, reaching RMB 2,192,486,115.63[9] - Total current assets increased to ¥1,345,106,248.19 from ¥1,147,699,359.98, reflecting growth in various receivables and other current assets[19] - Total liabilities reached ¥425,635,347.33, compared to ¥272,458,961.43, indicating an increase of approximately 56.4%[21] - Current liabilities rose significantly to ¥326,156,879.45, compared to ¥174,454,997.78, marking an increase of about 86.7%[21] - Total liabilities amounted to ¥272,458,961.43, with current liabilities totaling ¥174,454,997.78 and non-current liabilities at ¥98,003,963.65[42] Cash Flow - Net cash flow from operating activities showed a negative value of RMB -33,148,223.10, compared to RMB -17,358,193.88 in the previous year[9] - Cash flow from operating activities for the first three quarters of 2019 was negative at ¥33.15 million, compared to a negative cash flow of ¥17.36 million in the same period of 2018[34] - The net cash flow from operating activities was negative at -¥33,148,223.10, worsening from -¥17,358,193.88, mainly due to increased accounts receivable[17] - The company reported a net decrease in cash and cash equivalents of ¥104,385,493.64 in Q3 2019, compared to a decrease of ¥20,087,550.49 in Q3 2018[38] Shareholder Information - The total number of shareholders reached 38,218 by the end of the reporting period[13] - The largest shareholder, Reader Publishing Group Co., Ltd., holds 57.84% of the shares[13] Investments and Subsidies - The company received government subsidies amounting to RMB 64,567.14 during the reporting period[12] - Investment income increased by 50.14% to ¥13,108,810.18 from ¥8,730,859.68, primarily due to higher returns from structured deposits[16] Research and Development - Research and development expenses decreased by 92.03% to ¥158,600.97 from ¥1,990,222.75 due to the suspension of a project on online audio reading technology[16] - Research and development expenses for Q3 2019 were ¥148,100.97, significantly down from ¥1,662,813.25 in Q3 2018[26] Future Plans - The company plans to enhance market expansion and digital transformation efforts while maintaining traditional publishing operations[17] - The company aims to improve internal resource allocation and cost control to achieve better operational performance in the fourth quarter[17]