山高环能(000803) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the period was CNY 6,050,702.55, down 32.74% year-on-year, and down 91.41% year-to-date[7] - Net profit attributable to shareholders was a loss of CNY 13,236,983.53, an increase of 33.53% in loss compared to the same period last year[7] - The basic earnings per share was -CNY 0.10, a decrease of 25.00% compared to the same period last year[7] - The weighted average return on net assets was -44.41%, a decrease of 31.15% compared to the same period last year[7] - The company reported a net loss of ¥21,258,933.90, an increase of 238.69% from a loss of ¥6,276,760.53 in the previous year, attributed to changes in expected credit loss rates[15] - The net profit for the current period is a loss of CNY 78,164,911.95, compared to a loss of CNY 12,009,002.22 in the previous period, reflecting an increase in losses of approximately 551.4%[46] - The comprehensive income total for the current period is a loss of CNY 78,164,911.95, compared to a loss of CNY 12,009,002.22 in the previous period, indicating a worsening of approximately 551.4%[47] - The net profit for the third quarter was -¥20,095,804.37, compared to -¥13,870,303.90 in the same period last year, indicating a decline of approximately 44.5%[50] Assets and Liabilities - Total assets decreased by 22.07% to CNY 1,025,544,791.05 compared to the end of the previous year[7] - The company's cash and cash equivalents decreased by 92.97% to ¥7,589,923.34 due to the recovery of large sales payments and repayment of bank loans totaling ¥150 million[15] - Total liabilities decreased to ¥941,260,011.43 from ¥1,143,474,978.16, reflecting a decline of around 17.71%[30] - The total equity attributable to shareholders decreased from ¥86,395,697.50 to ¥23,190,189.11, a decline of approximately 73.16%[31] - The total liabilities amounted to ¥1,143,474,978.16, with current liabilities comprising ¥1,014,012,900.81[64] - The total liabilities to assets ratio stands at approximately 88.4%, indicating a high level of leverage[68] Cash Flow - Cash flow from operating activities year-to-date was CNY 54,842,701.66, down 569.18% compared to the same period last year[7] - The cash outflow from operating activities was ¥90,652,472.44, down 37.27% from ¥144,517,075.02 in the previous year, mainly due to higher tax payments in the prior period[16] - Total cash inflow from operating activities was ¥145,495,174.10, while cash outflow was ¥90,652,472.44, resulting in a positive cash flow situation[54] - The net cash flow from operating activities for Q3 2019 was ¥62,512,648.43, a significant improvement compared to a negative cash flow of ¥9,103,093.93 in the same period last year[58] Shareholder Information - The total number of shareholders at the end of the reporting period was 4,949[11] - The largest shareholder, Chengdu Jinyu Holding Group Co., Ltd., held 23.51% of shares, amounting to 30,026,000 shares, which are pledged and frozen[11] Expenses - Management expenses for the current period are CNY 32,421,247.10, an increase from CNY 29,966,565.50 in the previous period, representing an increase of about 4.8%[44] - Financial expenses for the current period total CNY 12,342,159.99, down from CNY 16,717,300.88 in the previous period, indicating a decrease of approximately 26.5%[44] - Sales expenses for the current period are CNY 3,916,503.74, a decrease from CNY 4,887,924.91 in the previous period, reflecting a reduction of about 19.8%[44] - Research and development expenses for the current period are CNY 791,102.20, an increase from CNY 571,555.85 in the previous period, indicating an increase of approximately 38.4%[44] Investment Activities - Investment cash inflow was ¥4,631,428.98, significantly up from ¥19,695.78 in the previous year, primarily from the disposal of a subsidiary[16] - The company recorded a total revenue from sales of ¥138,490,138.58, compared to ¥106,524,582.81 in the previous year, showing an increase of approximately 30%[53] - Investment activities generated a net cash inflow of ¥4,095,099.12, a recovery from a net outflow of -¥397,363.17 in the same period last year[55] Compliance and Future Outlook - The company is committed to resolving outstanding commitments related to the disposal of subsidiaries and ensuring compliance with previous promises made during asset restructuring[18] - The company has not undergone an audit for the third quarter report, which may affect the reliability of the financial data presented[69] - The company is implementing new financial instrument standards starting in 2019, which may impact future financial reporting[69]