*ST炼石(000697) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥464,838,083.37, an increase of 7.73% year-on-year, while year-to-date revenue reached ¥1,492,953,784.43, up 37.39%[7] - Net profit attributable to shareholders was -¥22,854,268.66, a decline of 72.34% compared to the same period last year, with year-to-date net profit at -¥69,626,024.62, down 67.32%[7] - The basic earnings per share for the reporting period was -¥0.0340, a decrease of 76.96% year-on-year, and year-to-date was -¥0.1037, down 72.76%[7] - The estimated cumulative net profit for the year is projected to be a loss of ¥-5,000,000, a decrease of 303.65% compared to the previous year's profit of ¥2,455,200[17] - The company expects a revenue growth of over 20% for the year, but a significant reduction in investment income is anticipated, impacting overall profitability[18] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -¥18,322,085.52, a decline of 109.28% year-to-date[7] - Cash and cash equivalents decreased by 70.62% to ¥92,477,173.01 from ¥314,740,632.10 due to tax payments and project investment payments[14] - The net cash flow from operating activities was -18,322,085.52 CNY, a significant decrease compared to 197,522,632.00 CNY in the previous period, indicating a decline in operational performance[52] - The ending balance of cash and cash equivalents was 92,477,173.01 CNY, down from 395,299,680.66 CNY in the previous period, reflecting a decrease in liquidity[53] - The net increase in cash and cash equivalents was -163,575,215.23 CNY, reflecting ongoing financial challenges[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,082,572,284.46, a decrease of 2.39% compared to the end of the previous year[7] - Total liabilities decreased from CNY 2,135,011,909.38 to CNY 2,089,852,074.72, a decline of approximately 2.1%[29] - Owner's equity attributable to shareholders decreased from CNY 3,071,037,360.12 to CNY 2,993,169,340.09, a drop of about 2.5%[30] - Long-term prepaid expenses decreased by 37.41% to ¥24,427,997.18 from ¥39,031,410.67, attributed to a reduction in long-term leased assets[14] - Other receivables decreased by 49.83% to ¥8,803,186.64 from ¥17,546,132.83, mainly due to the recognition of insurance compensation by Gardner[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,809[10] - The largest shareholder, Zhang Zheng, holds 19.03% of the shares, totaling 127,803,102 shares, with 125,499,999 shares pledged[10] Operating Costs and Expenses - Total operating costs decreased to ¥492,886,866.35 from ¥517,044,946.13, a reduction of approximately 4.7%[35] - Total operating costs for the year-to-date period were ¥1,529,709,540.36, an increase from ¥1,296,935,621.57, representing a rise of about 17.9%[43] - Financial expenses decreased significantly to 85,175,629.62 CNY from 198,845,700.76 CNY, a reduction of about 57%[44] - Research and development expenses for Q3 2019 were ¥2,302,812.07, significantly lower than ¥7,676,375.46 in the previous year, marking a decrease of approximately 70.0%[35] Investment Performance - Investment income decreased significantly by 688.98% to ¥-1,709,853.86, primarily due to losses from associated companies[15] - The company reported an investment loss of -1,709,853.86 CNY, compared to -216,716.20 CNY in the previous year, indicating a worsening in investment performance[44] Other Financial Metrics - The weighted average return on net assets was -0.76%, improving by 5.57% compared to the previous year[7] - The company recorded a decrease in undistributed profits from CNY 333,358,200.86 to CNY 263,732,176.24, a decline of approximately 20.9%[30] - The company recorded an asset impairment loss of ¥5,804,490.15, up from ¥3,112,831.98 in the previous year, indicating an increase of approximately 86.5%[35] - The company incurred asset impairment losses of -30,579,770.57 CNY, compared to a gain of 2,554,160.20 CNY in the previous year, reflecting challenges in asset management[44]