Financial Performance - Operating revenue for the current period was ¥137,237,902.43, a decline of 54.28% year-on-year[8] - Net profit attributable to shareholders was -¥17,815,879.72, a decrease of 322.95% year-on-year[8] - Basic earnings per share were -¥0.03, reflecting a 200.00% decline compared to the same period last year[8] - The company's operating revenue decreased by 37.38% compared to the same period last year, primarily due to a decline in domestic sales of sewing machines by its subsidiary Zhongjie Technology[17] - The company's total revenue for the year-to-date was CNY 564,132,201.65, down from CNY 900,884,010.56 in the previous year, indicating a decline in business activity[59] - The company's net loss for the period increased, with undistributed profits at CNY -574,851,105.97, up from CNY -527,483,859.83[45] - The total profit for the period was CNY -16,936,119.67, compared to CNY -3,001,296.50 in the previous year, highlighting a worsening financial performance[53] - Comprehensive income for the period was CNY -17,873,030.16, compared to CNY -3,905,561.00 in the previous year, indicating a substantial deterioration in overall financial health[54] Assets and Liabilities - Total assets decreased by 17.58% to ¥1,110,124,431.26 compared to the end of the previous year[8] - Net assets attributable to shareholders decreased by 6.79% to ¥651,624,827.83 compared to the end of the previous year[8] - Current assets decreased to CNY 642,893,664.23 from CNY 868,822,339.23, reflecting a decline of approximately 26%[43] - Total liabilities decreased to CNY 458,501,043.53 from CNY 647,771,277.57[45] - The company's total liabilities decreased, indicating improved financial stability, although specific figures were not detailed in the report[43] Cash Flow - Cash flow from operating activities for the year-to-date was ¥25,174,961.84, down 11.76%[8] - The net cash flow from operating activities for Q3 2019 was CNY 25,174,961.84, a decrease from CNY 28,530,785.69 in the same period last year, reflecting a decline of approximately 8.5%[68] - Cash inflow from operating activities totaled CNY 663,111,754.47, compared to CNY 1,095,354,955.03 in the previous year[67] - The net cash flow from financing activities decreased by 85.91% compared to the previous year, primarily due to reduced cash payments for debt repayment[18] - The net cash flow from investment activities was negative at CNY -10,812,208.44, contrasting with a positive CNY 171,395,969.04 in the same quarter last year[68] Shareholder Information - The total number of common shareholders at the end of the reporting period was 29,232[12] - The top shareholder, Zhejiang Zhongjie Huanzhou Supply Chain Group Co., Ltd., held 17.45% of shares, amounting to 120,000,000 shares[12] Operational Challenges - The company has experienced consecutive losses over the past two years, leading to a delisting risk warning for its stock[25] - The board is actively taking measures to eliminate delisting risks and enhance sustainable operational capabilities[25] - The company is focusing on stabilizing its main business and ensuring asset safety through effective receivables management[25] Other Financial Metrics - Financial expenses decreased by 58.29% compared to the previous year, mainly due to reduced interest expenses from decreased loan scale and lower cash discounts[17] - Other income increased by 732.04% year-on-year, primarily due to government subsidies received by Zhongjie Technology[18] - The company recognized a total impairment provision of CNY 1,493,000 related to investments in trust plans due to potential risks associated with underlying assets[36] - The company incurred asset impairment losses of CNY 572,462.66, which contributed to the overall decline in profitability[53] Compliance and Governance - There are no violations regarding external guarantees during the reporting period[29] - The company has no non-operating fund occupation by controlling shareholders or related parties[30] - The company is in the process of fulfilling commitments made in the acquisition report to avoid competition and regulate related transactions[27]
*ST中捷(002021) - 2019 Q3 - 季度财报