JSSH(SZ:000518)2019-10-30 16:00Financial Performance - Operating revenue for the reporting period was CNY 111,805,419.96, an increase of 11.24% year-on-year[7]. - Net profit attributable to shareholders was CNY 18,852,058.19, representing a significant increase of 280.91% compared to the same period last year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 14,858,840.37, up 241.40% year-on-year[7]. - Basic earnings per share were CNY 0.0183, an increase of 281.19% compared to the same period last year[7]. - The weighted average return on net assets was 3.10%, an increase of 4.77% year-on-year[7]. - Total profit rose by 307.03% to ¥15,632,206.56 from a loss of ¥7,550,860.26, primarily due to increased profits from Beijing Sihuan[15]. - Net profit increased by 238.16% to ¥11,950,960.01 from a loss of ¥8,650,152.74, driven by improved profitability[15]. - Net profit for Q3 2019 was CNY 21,922,126.69, compared to a net loss of CNY 11,324,063.59 in Q3 2018, marking a significant turnaround[40]. - The total comprehensive income for the period was CNY 11,950,960.01, a recovery from a loss of CNY 8,650,152.74 in the same quarter last year[49]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 10,659,499.88, a decrease of 72.00% compared to the same period last year[7]. - Cash flow from operating activities decreased by 72.00% to ¥10,659,499.88 from ¥38,066,832.40, attributed to higher costs of goods sold and pre-purchased materials[15]. - The company reported a cash inflow from operating activities of 274,914,877.62 CNY, down from 301,802,626.41 CNY year-over-year[55]. - Cash outflow for operating activities was 264,255,377.74 CNY, resulting in a net cash flow from operating activities of 10,659,499.88 CNY, compared to 38,066,832.40 CNY in the previous year[55]. - The company incurred cash outflows of 2,183,942.87 CNY related to other operating activities, significantly lower than 4,782,516.00 CNY in the previous year[59]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 894,601,604.05, a decrease of 3.38% compared to the end of the previous year[7]. - Total assets decreased from CNY 925,876,050.58 to CNY 894,601,604.05, a decline of approximately 3.0%[30]. - Current liabilities decreased from CNY 282,695,096.12 to CNY 239,574,115.45, a reduction of about 15.3%[31]. - The total owner's equity increased from CNY 642,801,818.04 to CNY 654,750,997.18, reflecting a growth of approximately 1.5%[32]. - The total liabilities decreased from CNY 283,074,232.54 to CNY 239,850,606.87, a reduction of about 15.2%[31]. - The company's cash and cash equivalents decreased significantly from CNY 1,090,875.23 to CNY 184,382.42, a drop of about 83.1%[34]. - The company's retained earnings showed a slight improvement from CNY -504,665,295.90 to CNY -495,188,983.67, a change of approximately 1.5%[32]. - The company's short-term borrowings decreased from CNY 70,000,000.00 to CNY 66,000,000.00, a decrease of about 5.7%[30]. - Accounts payable decreased from CNY 60,478,665.01 to CNY 51,357,790.50, a decline of approximately 15.1%[31]. Shareholder Information - The total number of shareholders at the end of the reporting period was 85,978[11]. - The largest shareholder, Wang Hongming, held 14.00% of the shares, totaling 144,138,394 shares[11]. Investigations and Compliance - The company is under investigation by the China Securities Regulatory Commission for suspected information disclosure violations, which may impact investor confidence[3]. - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[17]. Research and Development - Research and development expenses increased to CNY 13,216,490.42 from CNY 3,782,489.18, reflecting a growth of 249.5% year-over-year[39]. - Research and development expenses increased significantly to CNY 31,325,694.41 from CNY 8,659,273.13, reflecting a growth of approximately 262.5%[46]. Other Income and Expenses - Other income surged by 368.89% to ¥6,012,965.91 from ¥1,282,389.09, due to tax refunds received during the reporting period[15]. - The company reported an investment loss of CNY 45,627.61, compared to a gain of CNY 199,194.14 in the previous year[39]. - The company’s tax expenses for the quarter were CNY 4,340,141.12, compared to a tax benefit of CNY 1,328,322.07 in the same period last year[40]. - The company’s tax expenses for the quarter were CNY 3,681,246.55, up from CNY 1,099,292.48 in the same period last year[48].