烽火电子(000561) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥223,971,108.24, representing a decrease of 4.84% year-on-year[7] - Net profit attributable to shareholders was ¥1,224,959.38, a decline of 109.62% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥971,815.48, indicating a significant drop[7] - Basic earnings per share were ¥0.002, down 110.00% from the previous year[7] - The weighted average return on net assets was 0.09%, a decrease of 0.28 percentage points compared to the previous year[7] - Total operating revenue for Q3 2019 was CNY 223,971,108.24, a decrease of 4.8% compared to CNY 235,357,066.10 in the same period last year[39] - Total operating costs decreased to CNY 222,177,044.30 from CNY 248,063,416.68, reflecting a reduction of 10.4%[39] - The company reported a net profit of CNY 1,796,796.24, a significant recovery from a net loss of CNY 12,043,844.25 in the previous year[40] - Operating profit turned positive at CNY 1,064,895.31, compared to an operating loss of CNY 15,433,940.09 in the same quarter last year[40] - Net profit for the current period was ¥3,875,024.05, a decline of 63.3% compared to ¥10,565,518.71 in the previous period[48] - Basic earnings per share decreased to ¥0.007 from ¥0.01, indicating a significant drop in profitability[48] - The total profit before tax was ¥6,109,974.02, down 54.7% from ¥13,480,469.60 in the previous period[47] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,069,465,344.84, an increase of 5.54% compared to the end of the previous year[7] - Current assets increased to ¥2,410,430,499.22 as of September 30, 2019, up from ¥2,289,245,979.51 at the end of 2018, representing a growth of approximately 5.3%[29] - Total liabilities reached ¥1,563,651,101.99, an increase of 11.2% from ¥1,406,144,452.24 in December 2018[31] - Non-current assets totaled ¥659,034,845.62, an increase from ¥619,157,975.03 at the end of 2018, representing a growth of about 6.4%[30] - The total liabilities increased to CNY 1,237,591,142.45 from CNY 1,108,001,506.86, marking a rise of 11.6%[40] Cash Flow - The company reported a net cash flow from operating activities of -¥79,475,069.19 for the year-to-date[7] - Cash flow from investing activities worsened to -¥103,704,058.91, reflecting decreased redemptions of structured deposits[14] - Cash flow from financing activities improved to ¥57,342,862.74, indicating reduced repayments of bank loans[14] - Cash inflow from operating activities was CNY 664,201,137.17, up from CNY 630,947,478.88 year-over-year, reflecting a growth of approximately 5.4%[53] - Net cash flow from investing activities was -CNY 103,704,058.91, compared to -CNY 15,269,399.53 in the previous period, indicating a significant decline[54] - Cash flow from financing activities generated a net inflow of CNY 57,342,862.74, a recovery from -CNY 173,461,490.15 in the previous period[55] Shareholder Information - The total number of shareholders at the end of the reporting period was 50,383[10] - The largest shareholder, Shaanxi Fenghuo Communication Group Co., Ltd., holds 41.69% of the shares[10] - The company did not engage in any repurchase transactions during the reporting period[11] - The company repurchased and canceled 34,830 restricted shares due to the departure of four incentive plan participants[15] - The company approved the unlocking of 2,665,241 restricted shares for 442 participants as the first vesting condition was met[16] Receivables and Inventories - Accounts receivable increased by 34.69% to ¥932,578,638.61 due to outstanding sales payments[14] - Other receivables rose by 110.70% to ¥22,644,778.07 primarily from increased advances for equipment purchases[14] - Other current assets increased by 123.32% to ¥26,197,060.35 mainly due to higher VAT credits[14] - Inventory increased to ¥786,675,039.31, up 23.1% from ¥638,785,121.20 at the end of 2018[29] Expenses - Research and development expenses were CNY 38,608,637.55, slightly down from CNY 39,895,218.59, indicating continued investment in innovation[39] - Research and development expenses were ¥106,984,896.36, down 6.2% from ¥114,408,188.83, showing a focus on cost management[47] - The company reported a decrease in financial expenses to CNY 48,261.61 from CNY 1,752,304.12, indicating improved cost management[39] - The company recorded an asset impairment loss of ¥12,203,051.10, which increased from ¥8,815,510.44 in the previous period[47] Audit and Reliability - The company did not undergo an audit for the third quarter report, which may affect the reliability of the financial data presented[59]