东华科技(002140) - 2019 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 11.31% to CNY 40,073,197.27, while operating income decreased by 1.82% to CNY 973,640,932.66[8] - Basic earnings per share decreased by 11.26% to CNY 0.0749, with diluted earnings per share remaining the same[8] - The net profit after deducting non-recurring gains and losses was CNY 39,626,806.83, a decrease of 11.94%[8] - The company's equity increased to CNY 2,216,667,917.09 from CNY 2,132,449,263.41, reflecting a growth of 3.95%[57] - The total operating revenue for the current period was ¥973,640,932.66, a decrease of 1.07% from ¥991,702,405.50 in the previous period[68] - Net profit for the current period was ¥40,237,283.35, a decline of 11.5% compared to ¥45,295,030.00 in the previous period[70] - The total comprehensive income for the current period was ¥31,629,656.87, down from ¥44,090,684.38, reflecting a decrease of 28.3%[78] - The company reported a total profit of ¥131,866,673.52, compared to ¥135,417,894.30 in the previous period, indicating a decline of 2.57%[89] Cash Flow - The net cash flow from operating activities was negative at CNY -93,857,160.89, a decrease of 144.12% compared to the previous period[8] - The net cash flow from operating activities for the year-to-date was RMB 222.59 million, an increase of 136.28% compared to the same period last year, driven by advance payments received and reduced bank acceptance bill payments[26] - The net cash flow from investing activities for the year-to-date was RMB -41.25 million, an increase of 55.60% compared to the same period last year, mainly due to a decrease in equity investment expenditures[26] - The net cash flow from financing activities for the year-to-date was RMB -74.54 million, a decrease of 185.48% compared to the same period last year, primarily due to dividend distributions and reduced bank borrowings by subsidiaries[26] - The cash flow from operating activities for the current period is ¥2,683,177,049.79, significantly higher than ¥1,446,788,601.05 in the previous period[94] - The net cash flow from operating activities was ¥222,586,331.15, a significant improvement compared to the previous year's loss of ¥613,553,930.68[98] - The net cash flow from investing activities was -¥41,253,383.95, an improvement from -¥92,918,409.42 in the previous year[100] - The net cash flow from financing activities was -¥74,536,310.59, compared to a positive cash flow of ¥87,200,243.84 in the previous year[100] Assets and Liabilities - Total assets increased by 12.83% to CNY 6,692,875,925.03 compared to the end of the previous year[8] - Total liabilities amounted to CNY 4,476,208,007.94, up from CNY 3,799,166,723.42, representing a growth of 17.79%[54] - Current liabilities reached CNY 3,076,512,172.42, while total liabilities were CNY 3,799,166,723.42[114] - The company's accounts payable stood at CNY 2,101,333,611.67, indicating significant operational liabilities[111] - Total assets amounted to CNY 5,931,615,986.83, with non-current assets totaling CNY 1,567,000,248.33[111] - The company has long-term borrowings amounting to CNY 720,470,000.00[114] Shareholder Information - The total number of shareholders at the end of the reporting period was 25,493, with the largest shareholder holding 59.22% of the shares[13] - The company reported a decrease in accounts payable to CNY 1,981,243,479.19 from CNY 2,101,333,611.67, a decline of 5.72%[51] Government Support and Subsidies - The company received government subsidies amounting to CNY 4,656,098.09 during the reporting period[8] Research and Development - Research and development expenses for the current period were ¥12,273,526.53, slightly up from ¥11,603,501.12, indicating a focus on innovation[68] - Research and development expenses increased to ¥58,914,916.45, compared to ¥48,669,445.47, marking a rise of 21.5%[82] - Research and development expenses for the current period are ¥58,903,973.67, an increase of 21.00% from ¥48,664,966.47 in the previous period[89] Impairment and Bankruptcy - The company has filed a bankruptcy claim of RMB 956,000 with the liquidation group of Anhui Huaihua Co., Ltd., which is undergoing bankruptcy proceedings[32] - The company has recognized an impairment provision of RMB 22.5 million for its investment in Anhui Huaihua Co., Ltd. due to its financial difficulties and ongoing bankruptcy process[32] - The fair value of financial assets measured at fair value decreased by RMB 22.5 million during the reporting period, with a total ending amount of RMB 1.43 billion[38] Other Financial Metrics - The weighted average return on net assets was 1.85%, down by 0.39% compared to the previous year[8] - The company reported a credit impairment loss of ¥18,947,481.52, with no comparable figure from the previous period[82] - The company’s income tax expense for the current period is ¥18,705,708.40, slightly down from ¥19,110,066.93 in the previous period[89] - The company’s other income increased to ¥2,123,890.69 from ¥925,923.91 in the previous period, marking a growth of 129.00%[89] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[82]