山东威达(002026) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥367,847,648.72, a decrease of 17.48% year-on-year[9] - Net profit attributable to shareholders was ¥33,262,394.20, down 49.72% compared to the same period last year[9] - The net profit after deducting non-recurring gains and losses was ¥23,970,899.84, a decline of 62.08% year-on-year[9] - Basic earnings per share decreased by 50.00% to ¥0.08[9] - The weighted average return on net assets was 1.31%, down 1.42% from the previous year[9] - The net cash flow from operating activities was ¥20,735,236.97, a decrease of 46.43% compared to the same period last year[9] - The company expects a net profit for 2019 to be in the range of -¥12,425.00 million to -¥6,250.00 million, indicating a significant decline from the previous year's profit of ¥15,531.02 million[22] - The company anticipates a net profit attributable to shareholders for 2019 between CNY 110 million and CNY 150 million, excluding the impact of goodwill impairment[25] - The total operating revenue for the year-to-date was ¥1,094,988,488.36, down 10.7% from ¥1,226,618,284.71 in the previous year[52] - The net profit for the year-to-date was ¥100,306,482.95, down 30.9% from ¥145,477,054.89 in the previous year[54] Shareholder Information - The total number of shareholders at the end of the reporting period was 23,123[13] - The largest shareholder, Shandong Weida Group Co., Ltd., holds 32.50% of the shares, amounting to 136,538,781 shares[13] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,087,651,285.99, an increase of 0.43% compared to the end of the previous year[9] - The company's total assets as of September 30, 2019, were CNY 2.70 billion, compared to CNY 2.60 billion at the end of 2018, reflecting a growth of 3.4%[43] - The company's total equity increased to CNY 2,560,236,230.85 from CNY 2,491,044,726.73 year-over-year[38] - Total current liabilities decreased to CNY 487,993,630.72 from CNY 543,866,510.95 year-over-year[37] - The company's total liabilities decreased to CNY 198.89 million from CNY 220.81 million, a reduction of 9.9%[42] Investment and Cash Flow - The company's investment activities generated a net cash flow of -¥33,218,249.22, a significant improvement of 83.00% compared to the previous year[17] - The company reported a 384.89% increase in investment income to ¥20,118,022.62, attributed to changes in bank wealth management returns[17] - The company received CNY 1,031,000,000.00 from investment recoveries, a significant increase from CNY 164,140,000.00 in the previous period[62] - The company reported an investment income of CNY 6.89 million in Q3 2019, compared to a loss of CNY 1.78 million in the same period last year[46] Research and Development - R&D expenses increased by 30.49% to ¥62,514,100.48, reflecting a commitment to innovation[17] - Research and development expenses increased to CNY 23.84 million in Q3 2019, up 53.4% from CNY 15.54 million in Q3 2018[45] - Research and development expenses increased to ¥5,805,040.83, up 28.3% from ¥4,524,152.71 in the same period last year[49] Financial Management - The company's financial expenses decreased by 47.28% to -¥19,780,174.31, mainly due to fluctuations in the US dollar exchange rate[17] - The company experienced a financial expense of -¥4,469,522.99, a significant improvement compared to -¥17,070,065.44 in the previous year[49] - The company has committed CNY 55 million to bank wealth management products, with an outstanding balance of CNY 45 million[31] Future Outlook - The company plans to establish a wholly-owned subsidiary in Vietnam with a registered capital of $10 million, aiming to expand its international presence[19] - The company plans to conduct goodwill impairment testing and will disclose the results in accordance with relevant regulations[26] - The company anticipates goodwill impairment of approximately ¥190 million to ¥230 million due to poor performance from its subsidiary, Suzhou Demai Ke Electric Co., Ltd.[23] Other Financial Metrics - The company reported a decrease in accounts receivable to CNY 436,189,364.09 from CNY 467,325,257.18 year-over-year[35] - The company's cash and cash equivalents increased to CNY 361,850,184.61 from CNY 326,325,473.54 year-over-year[35] - The company's inventory as of September 30, 2019, was CNY 590,893,137.64, up from CNY 573,301,302.75 at the end of 2018[35] - The total comprehensive income attributable to the parent company was ¥33,262,394.20, compared to ¥66,160,682.69 in the previous year, indicating a significant decline[49]