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% compared to the same period last year[9] - The weighted average return on net assets was -0.97%, a decline of 546.00% year-on-year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -19,084,366.72, a decrease of 286.46% year-on-year[8] - The net profit attributable to shareholders for the first nine months of 2019 was -10,540,904.27 CNY, a decrease of 146.94% compared to the same period last year[22] - The net profit for the third quarter was a loss of CNY 18.32 million, compared to a loss of CNY 5.74 million in the previous year, representing an increase in loss of 219.5%[56] - The total profit for the period was -31,844,697.81, contrasting with a profit of 31,424,802.25 in the previous year[64] - The company reported a net loss of -11,180,881.30, compared to a net profit of 21,974,093.11 in the same quarter last year[64] 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 reported a decrease in net assets attributable to shareholders of 3.70% compared to the previous year, totaling CNY 1,738,624,329.31[8] - Current assets totaled CNY 1,357,078,892.31, down from CNY 1,460,811,868.35 at the end of 2018, reflecting a decline of approximately 7.06%[45] - Total liabilities amounted to CNY 1,535,433,389.37, with current liabilities at CNY 770,341,007.59[82] - Non-current liabilities totaled CNY 765,092,381.78, including estimated liabilities of CNY 711,159,900.00[83] - The company's total liabilities decreased to ¥1,436,635,762.07 from ¥1,535,433,389.37, a decline of 6.4%[48] - The total equity attributable to shareholders decreased to ¥1,738,624,329.31 from ¥1,805,461,387.18, a reduction of 3.5%[48] Cash Flow - The net cash flow from operating activities was CNY 18,209,241.68, an increase of 112.04% year-to-date[9] - The net cash flow from operating activities was 18,209,241.68 CNY, an increase of 169,439,620.47 CNY compared to the same period last year[24] - The net cash flow from investing activities was -40,315,915.35 CNY, an increase of 27,574,400.74 CNY year-on-year, due to the recovery of financial products[25] - The net cash flow from financing activities was -21,513,904.12 CNY, a decrease of 26,413,904.12 CNY compared to the same period last year, mainly due to employee stock option repurchase payments[25] - Cash inflow from operating activities totaled 659,878,631.60, down from 839,744,357.95 in the same period last year, representing a decrease of approximately 21.4%[71] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,809[17] - The company expects to receive compensation of 38,669,519 shares from the original shareholders of Shanghai Yingyue, with 21,928,087 shares for 2018 and 16,741,432 shares for 2019[22] Management and Compliance - The company has made adjustments to its financial statements due to prior accounting errors, impacting various financial metrics significantly[12] - The company is under investigation by the China Securities Regulatory Commission (CSRC) for alleged violations of information disclosure, with a prior notice of administrative penalty issued on October 17, 2019[27] - The company has been subject to a delisting risk warning since April 30, 2019, due to an audit report that could not express an opinion on its 2018 financial statements[28] - The company is actively cooperating with the CSRC for subsequent investigations and is committed to improving compliance management and internal controls[27] Investment and Guarantees - The company has provided guarantees for financing related to its controlling shareholder and affiliates, with a total guarantee principal and interest balance of CNY 1,751.78 million as of the reporting period[26] - The company has reported a total of CNY 66 million in guarantees that are currently outstanding as of the reporting period[37] - The company has reported a total of CNY 55 million in guarantees provided to related parties, which constitutes 28.46% of the latest audited net assets[37] Financial Adjustments and Standards - The company adopted new financial instrument standards effective January 1, 2019, impacting asset classification and measurement[85] - The company did not restate prior financial statements under the new standards, opting for cumulative impact adjustments[85] - The company’s financial statements reflect a significant reclassification and remeasurement of financial assets in accordance with new financial instrument standards[88]