DCHL(SH:900909)2019-10-30 16:00Financial Performance - Operating revenue for the first nine months was CNY 31.36 billion, down 7.19% year-on-year[6]. - Net profit attributable to shareholders of the listed company decreased by 65.27% to CNY 539.87 million[6]. - Basic earnings per share fell by 65.07% to CNY 0.26[7]. - The total revenue for the first three quarters of 2019 was CNY 499,616,199.82, compared to CNY 940,259,464.38 in the same period of 2018, a decrease of approximately 46.96%[28]. - The company reported a net profit of CNY 28,220,847.65 in Q3 2019, a decrease compared to CNY 592,390,558.75 in the same quarter of 2018, reflecting a decline of approximately 95.24%[25]. - The total profit for Q3 2019 was CNY 81,159,732.32, down from CNY 790,493,380.45 in Q3 2018, indicating a decrease of about 89.75%[25]. - The company's operating income for Q3 2019 was CNY 80,589,338.72, compared to CNY 737,645,964.56 in Q3 2018, representing a decline of approximately 89.09%[25]. - The net profit attributable to the parent company for Q3 2019 was CNY 34,171,831.81, down from CNY 550,966,818.14 in Q3 2018, reflecting a decline of about 93.80%[26]. Cash Flow - The net cash flow from operating activities for the first nine months was negative CNY 1.12 billion, a decrease of 1,450.83% year-on-year[6]. - The net cash flow from operating activities was negative at -¥1,117,710,512.47, but adjusted net cash flow was ¥2.16 billion, an increase of ¥870 million year-on-year[14]. - The company experienced a net cash outflow from operating activities of CNY -1,117,710,512.47 for the first nine months of 2019, contrasting with a net inflow of CNY 82,742,684.70 in the same period of 2018[33]. - Net cash flow from operating activities for Q3 2019 was -CNY 640,800,170.59, compared to CNY 343,804,824.10 in Q3 2018, indicating a significant downturn[37]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 45.47 billion, a decrease of 1.33% compared to the end of the previous year[6]. - Total liabilities as of September 30, 2019, were CNY 4,558,382,744.80, compared to CNY 3,751,486,009.81 at the end of 2018[23]. - The company's total equity as of September 30, 2019, was CNY 20,612,420,038.94, up from CNY 20,237,134,735.25 at the end of 2018[19]. - Total assets as of September 30, 2019, were CNY 20,864,292,291.72, an increase from CNY 19,391,258,884.69 at the end of 2018[22]. - Total liabilities were CNY 25,839,787,674.75, showing a slight decrease of CNY 64,613,351.89[42]. Shareholder Information - The company had a total of 72,152 shareholders at the end of the reporting period[10]. - The largest shareholder, Shanghai Huayi (Group) Company, held 42.51% of the shares[10]. Research and Development - R&D expenses rose by 39.49% to ¥307,193,463.37 as the company increased investment to maintain market competitiveness[14]. - Research and development expenses in Q3 2019 amounted to CNY 110,847,027.82, up 62.4% from CNY 68,226,352.01 in Q3 2018[24]. Financial Strategy - Short-term borrowings decreased by 41.70%, amounting to CNY 2,696,401,291.29, as the company adjusted its financing structure[13]. - Long-term borrowings increased by 58.45%, totaling CNY 3,430,801,293.80, due to the company's strategy to enhance long-term financing[13]. - The company executed a reclassification of available-for-sale financial assets, resulting in a complete reduction of CNY 1,932,029,432.26 in this category[13]. Government Support - Government subsidies recognized in the first nine months amounted to CNY 153.16 million[8]. - Other income increased by 96.93% to ¥151,629,047.55, attributed to a rise in government subsidies related to daily operations[14].