亚太实业(000691) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 0.00, representing a decline of 100% compared to the same period last year[8]. - Net profit attributable to shareholders of the listed company was a loss of CNY 2,462,748.62, a decrease of 117.90% year-on-year[8]. - Basic earnings per share were CNY -0.0076, down 117.84% compared to the same period last year[8]. - Operating revenue was 11,782,613.02 yuan, a decrease of 37.38% compared to 18,815,400.02 yuan in the same period last year[9]. - The estimated cumulative net profit for the year 2019 is projected to be a loss of between CNY 8.5 million and CNY 13.5 million, representing a decrease of 177.25% compared to the previous year's profit of CNY 11 million[55]. - The basic earnings per share are expected to be between CNY -0.0418 and CNY -0.0263, indicating a decline of 222.94% from the previous year's earnings of CNY 0.034 per share[55]. - The net profit for the period was a loss of CNY 7,077,736.69, compared to a profit of CNY 11,509,386.01 in the previous period[86]. - The company reported a total comprehensive income of -CNY 7,077,736.69 for the period, compared to CNY 11,509,386.01 in the previous period[86]. - The net profit for the third quarter was -3,548,563.42 CNY, compared to a profit of 12,085,914.65 CNY in the same period last year, indicating a significant decline[90]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 190,939,861.29, a decrease of 3.80% compared to the end of the previous year[8]. - Net assets attributable to shareholders of the listed company were CNY 78,875,836.05, down 7.66% year-on-year[8]. - The total assets of the company as of September 30, 2019, were CNY 190.94 million, down from CNY 198.47 million at the end of 2018[68]. - The total liabilities as of September 30, 2019, were CNY 99.28 million, slightly down from CNY 99.73 million at the end of 2018[69]. - The company's cash and cash equivalents stood at CNY 8.02 million as of September 30, 2019, compared to CNY 4.73 million at the end of 2018[66]. - The company's equity attributable to shareholders decreased from CNY 85.41 million at the end of 2018 to CNY 78.88 million as of September 30, 2019[69]. - The total liabilities of the company were CNY 99,732,121.52, with current liabilities accounting for CNY 85,930,307.89[103]. - The total current assets were CNY 157,543,225.49, with inventory valued at CNY 152,395,680.85[101]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY -1,667,692.57, an increase of 77.97% in outflow compared to the previous year[8]. - Net cash flow from operating activities was -1,667,692.57 yuan, an improvement of 77.97% compared to -7,569,408.79 yuan in the same period last year, mainly due to mortgage repayments and pre-sale funds received[17]. - Net cash flow from financing activities was -552,922.41 yuan, an improvement of 96.74% from -16,962,973.86 yuan year-on-year, mainly due to reduced cash payments for debt repayment[18]. - The net cash flow from operating activities was -1,667,692.57 CNY, an improvement from -7,569,408.79 CNY in the same period last year[94]. - The cash flow from financing activities resulted in a net outflow of -552,922.41 CNY, an improvement from -16,962,973.86 CNY in the previous year[94]. Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period was 16,938[11]. - The company holds equity in Lanzhou Tongchuang Jiaye valued at RMB 13,422,689.10, which has been sealed by the Tianjin Second Intermediate People's Court[39]. - The company's equity attributable to shareholders was CNY 85,414,854.39, with an accumulated deficit of CNY -405,676,557.34[103]. Legal and Compliance Issues - The company received a civil ruling from the Beijing First Intermediate People's Court regarding the forced liquidation application for Blue View Home, stating that the case is under the jurisdiction of the court[28]. - The company has provided joint guarantee responsibilities for a bank loan of RMB 19,800,000, which has been overdue and involves judicial litigation[32]. - The Tianjin Second Intermediate Court ordered the freezing of RMB 11,422,689.10 in bank deposits due to a loan dispute involving the company and its subsidiaries[33]. - The court's execution notice required the company to fulfill its obligations or face forced execution, with a deadline for compliance[34]. - The company is currently involved in legal proceedings regarding asset recovery, which may impact financial performance[48]. Operational Challenges - The company faces significant uncertainties regarding its ongoing operations, including cash flow shortages and overdue bank loans[52]. - The company has overdue loans amounting to 14,878,600 yuan and has committed to provide funding to resolve this by July 31, 2019[53]. - The company is actively pursuing asset restructuring and management improvements to enhance operational capabilities[52]. - The company is focused on leveraging its platform advantages to expedite project development and resolve ongoing operational challenges[53].