中天服务(002188) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue fell by 97.27% to CNY 1,029,197.92 for the current period, and decreased by 79.99% to CNY 21,015,889.55 year-to-date[7] - Net profit attributable to shareholders was CNY -8,786,049.88, a decrease of 97.50% for the current period and 92.86% year-to-date[7] - Basic earnings per share were CNY -0.03, a decrease of 97.46% compared to the same period last year[7] - The weighted average return on net assets was -1.33%, a decrease of 26.00% for the current period[7] - Total operating revenue for the current period is 1,029,197.92, a significant decrease from 37,709,128.76 in the previous period[42] - Total operating costs for the current period are 5,957,494.13, down from 75,040,503.40 in the previous period[42] - Operating profit for the current period is -4,457,082.45, compared to -49,285,621.26 in the previous period, indicating an improvement[43] - Net profit for the current period is -8,786,049.88, an improvement from -350,906,488.00 in the previous period[43] - Basic and diluted earnings per share for the current period are both -0.03, compared to -1.18 in the previous period[44] - The net loss for Q3 2019 was ¥35,543,382.12, compared to a net loss of ¥497,734,761.09 in Q3 2018, showing an improvement of approximately 92%[51] - The basic and diluted earnings per share for Q3 2019 were both -¥0.12, an improvement from -¥1.68 in the same quarter last year[52] Assets and Liabilities - Total assets decreased by 33.41% to CNY 118,413,498.13 compared to the end of the previous year[7] - Total liabilities decreased from 807,874,418.33 to 783,998,700.17, a decrease of about 2.1%[34] - The company's total equity showed a decline from -630,041,819.92 to -665,585,202.04, indicating a worsening of approximately 5.6%[35] - Current liabilities decreased from 100,694,641.23 to 76,170,271.26, a reduction of about 24.4%[34] - Non-current liabilities remained relatively stable, with a slight increase from 707,179,777.10 to 707,828,428.91, an increase of approximately 0.1%[34] - The total current assets decreased from 41,543,456.15 to 34,877,393.46, a reduction of about 16.1%[38] - The total non-current assets decreased from 96,345,502.13 to 95,165,284.58, a decline of approximately 1.2%[38] Cash Flow - The net cash flow from operating activities was CNY 831,130.47, down 94.60% for the current period[7] - The net cash flow from operating activities for Q3 2019 was -12,704,989.80 CNY, compared to -71,270,111.14 CNY in the same period last year, indicating an improvement[59] - Total cash inflow from operating activities was 57,002,152.78 CNY, while cash outflow was 69,707,142.58 CNY, resulting in a net cash flow of -12,704,989.80 CNY[59] - Cash inflow from investment activities was 6,527,692.57 CNY, with cash outflow totaling 5,399.00 CNY, leading to a net cash flow of 6,522,293.57 CNY[60] - The company received 55,000,000.00 CNY from financing activities, with no cash outflow reported in this category, resulting in a net cash flow of 55,000,000.00 CNY[60] - The ending balance of cash and cash equivalents was 23,340,764.95 CNY, down from 29,478,455.04 CNY at the beginning of the period[60] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,812[10] - The largest shareholder, Shanghai Tianji Investment Co., Ltd., holds 20.30% of shares, totaling 60,013,002 shares[10] - There were no agreed repurchase transactions among the top 10 shareholders during the reporting period[11] Legal and Regulatory Issues - The company has been involved in multiple lawsuits, including disputes over loans and contracts, which may lead to significant liabilities[16][17] - The company is under investigation by the China Securities Regulatory Commission for potential violations of securities laws[18] - The company is involved in multiple legal disputes, including a contract dispute with 12 compensation obligors, which has been accepted by the Shanghai High People's Court[24] - The company has not completed its profit commitments for 2015, 2016, and 2017, which were set at ¥10 million, ¥15 million, and ¥20 million respectively, leading to ongoing legal actions[23] Operational Changes - The company is undergoing a major asset restructuring, transferring 100% of Bus Technology's equity for a nominal price of 1.00 yuan[19] - The company has not incurred any research and development expenses during the reporting period, resulting in a 100% decrease year-on-year[14] - The company has not reported any new product developments or market expansion strategies during this quarter[49] Income and Expenses - The company reported non-operating income and expenses totaling CNY 4,764,455.17 for the year-to-date[8] - Financial expenses increased by 213.27% year-on-year, mainly due to foreign exchange losses and increased interest accruals[14] - Other income increased by 583.98% year-on-year, primarily due to the receipt of social security fee rebates[14] - Management expenses decreased to 4,816,341.79 from 10,241,881.15 in the previous period, reflecting cost control measures[42] - Tax expenses increased to 163,333.12 from 140,969.09 in the previous period[42] - The company reported an asset impairment loss of 225,162.95, a significant reduction from -11,239,000.28 in the previous period[43] - Other comprehensive income after tax for the current period is 4,765.79, compared to 4,765.79 in the previous period[44]