ST高升(000971) - 2019 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY -18,120,581.74, a decline of 220.80% year-on-year[8] - Operating revenue for the reporting period was CNY 167,569,003.35, down 28.20% compared to the same period last year[8] - Basic earnings per share were CNY -0.017, a decrease of 183.33% year-on-year[8] - The weighted average return on net assets was -0.93%, a decline of 520.00% compared to the previous year[8] - The net profit attributable to shareholders for the first three quarters of 2019 was -10,540,904.27 CNY, a decrease of 146.94% compared to the same period last year[16] - Net loss for Q3 2019 was ¥18,321,858.36, compared to a net loss of ¥5,744,282.91 in Q3 2018, representing an increase in loss of 218.5%[50] - The net profit for the current period is a loss of CNY 11,180,881.30, compared to a profit of CNY 21,974,093.11 in the previous period[58] - The total comprehensive income for the current period is a loss of CNY 11,180,881.30, while the previous period showed a comprehensive income of CNY 21,974,093.11[59] - The total comprehensive income for the quarter was a loss of ¥54,234,050.55, compared to a loss of ¥30,205,454.15 in the same period last year[62] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,182,394,466.25, a decrease of 4.96% compared to the end of the previous year[8] - The company's current assets totaled CNY 1,357,078,892.31, down from CNY 1,460,811,868.35, indicating a decrease of about 7.06%[39] - The total liabilities decreased to CNY 1,309,757,962.07 from CNY 1,408,555,589.37, a reduction of approximately 7.0%[41] - The company's equity attributable to shareholders decreased to CNY 1,865,502,129.31 from CNY 1,932,339,187.18, a decline of about 3.47%[42] - The total assets as of December 31, 2018, were 3,348,614,693.79, which increased to 3,352,570,327.01 by January 1, 2019[71] - The total current liabilities remained stable at 734,380,707.59 as of January 1, 2019[73] - The total non-current liabilities were recorded at 674,174,881.78, consistent across the reporting period[73] - The total liabilities reached approximately CNY 1.12 billion, with current liabilities accounting for about CNY 457.45 million[81] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 18,209,241.68, an increase of 112.04%[8] - The net cash flow from operating activities increased by 169,439,620.47 CNY to 18,209,241.68 CNY, primarily due to the recovery of funds occupied by major shareholders and related parties in the previous year[18] - The net cash flow from investing activities was -40,315,915.35 CNY, an increase of 27,574,400.74 CNY compared to the same period last year[19] - Cash flow from operating activities generated a net inflow of ¥18,209,241.68, a significant improvement from a net outflow of ¥151,230,378.79 in the previous year[65] - Investment activities resulted in a net cash outflow of ¥40,315,915.35, compared to a larger outflow of ¥67,890,316.09 in the same period last year[65] Shareholder Information - The company reported a total of 37,809 common shareholders at the end of the reporting period[12] - The largest shareholder, Beijing Yuchirui Investment Co., Ltd., held 14.97% of the shares, amounting to 158,550,396 shares[12] Government and Legal Matters - The company received government subsidies amounting to CNY 2,275,806.83 during the reporting period[9] - The company is currently under investigation by the China Securities Regulatory Commission for alleged violations of information disclosure laws[21] - The company is actively pursuing legal rights regarding a loan dispute, which has not yet resulted in actual losses as of September 30, 2019[35] - The company has not processed the accounting for the loan matter as of the reporting date, indicating ongoing legal proceedings[35] - The company is taking measures to address the irregularities related to the loan and protect the interests of the company and its investors[35] Management and Expenses - The company’s management expenses increased by 24,415,284.47 CNY to 93,112,855.44 CNY, mainly due to the inclusion of management expenses from Huachi Communication starting November 2018[17] - The management expenses decreased to CNY 93,112,855.44 from CNY 68,697,570.97, reflecting an increase of 35.4%[57] - Research and development expenses for Q3 2019 were ¥9,596,571.82, down 21.1% from ¥12,150,231.60 in the previous year[49] - The research and development expenses for the current period are CNY 28,343,784.67, slightly down from CNY 28,756,749.75 in the previous period[57] Investment and Financial Management - Investment income increased significantly by 62,750,628.74 CNY to 62,789,101.73 CNY, largely due to compensation from original shareholders amounting to 60,197,046.02 CNY[18] - The company has a total of 14,790 million yuan in entrusted financial management, with no overdue amounts reported[28] - The company has not reported any expected inability to recover principal in entrusted financial management[28] - The company has not engaged in any high-risk entrusted financial management activities[28] - The company reported an investment loss of ¥80,965,750.51 in Q3 2019[50] Risks and Compliance - The company’s stock has been subject to delisting risk warnings since April 30, 2019, due to an audit report that could not express an opinion[22] - The company’s actual controller and board members engaged in unauthorized financing guarantees, with a total guarantee balance of 175,177.85 CNY million[20] - There are total guarantees amounting to 55,000 million yuan, which accounts for 28.46% of the latest audited net assets[31] - The company has a total of 243,990.42 million yuan in non-operating fund occupation, representing 126.28% of the latest audited net assets[32] - The company reported a new non-operating fund occupation of 4,000 million yuan, which is 2.07% of the latest audited net assets[34] Financial Adjustments and Standards - The company adopted new financial instrument standards and revenue recognition standards starting in 2019, impacting the financial statements[70] - The financial statements reflect adjustments due to the implementation of new financial instrument standards, impacting the measurement of financial assets[82] - The company reported a reclassification of financial assets, with a total of CNY 74.12 million in expected credit loss provisions[83] - The company adjusted the expected credit loss provisions, resulting in a reduction of CNY 4.12 million in total loss provisions[77]