证通电子(002197) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥254,813,899.20, a decrease of 22.15% year-on-year[8]. - Net profit attributable to shareholders was ¥1,850,946.96, down 31.86% compared to the same period last year[8]. - Basic earnings per share were ¥0.0036, a decrease of 64.00% compared to the same period last year[8]. - The company reported a net profit excluding non-recurring gains and losses of -¥8,409,253.03, an increase of 195.58% year-on-year[8]. - Revenue decreased by 16.27% year-on-year, mainly due to the impact of global economic downturn and strategic contraction of LED business[22]. - Net profit attributable to shareholders decreased by 46.20% year-on-year, driven by reduced revenue and increased asset impairment losses[25]. - Total revenue for the current period was ¥254,813,899.20, a decrease of 22.1% compared to ¥327,314,626.41 in the previous period[69]. - Net profit for the current period was -¥235,419.12, compared to a net profit of ¥88,868.11 in the previous period[72]. - The net profit for the current period is CNY 12,368,856.26, a decrease of 56.0% compared to CNY 28,028,457.20 in the previous period[90]. - The total profit for the current period is CNY 14,889,779.32, down 56.4% from CNY 34,107,352.82 in the previous period[90]. Cash Flow - The net cash flow from operating activities was ¥12,021,709.39, a significant decline of 86.27% year-on-year[8]. - Cash flow from operating activities increased by 193.80% year-on-year, mainly due to increased collections from accounts receivable and reduced procurement expenditures[25]. - The net cash flow from operating activities was 180,773,577.80, a significant improvement from -192,725,524.19 in the previous period[105]. - Total cash inflow from operating activities reached 1,138,319,244.45, compared to 925,038,933.94 in the prior period, indicating a growth of approximately 23%[105]. - The company reported a significant increase in cash received from other operating activities, which rose to 400,009,587.80 from 111,242,528.12, a growth of approximately 259%[105]. - The cash inflow from tax refunds was 11,640,237.80, compared to 14,706,389.47 in the previous period, indicating a decrease of about 21%[105]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,729,112,313.54, an increase of 9.64% compared to the end of the previous year[8]. - Total current assets increased to ¥2,767,850,882.17 as of September 30, 2019, up from ¥2,541,900,917.39 at the end of 2018, representing an increase of approximately 8.9%[49]. - Total non-current assets reached ¥2,961,261,431.37, an increase from ¥2,683,447,762.36, reflecting a growth of approximately 10.4%[52]. - Total liabilities increased to ¥3,324,809,862.40, compared to ¥2,800,385,825.50, representing a rise of approximately 18.6%[55]. - Total current liabilities decreased to ¥2,218,282,189.48 from ¥2,452,371,089.26, a reduction of about 9.5%[55]. - Long-term borrowings increased significantly to ¥806,284,575.17 from ¥33,333,333.32, indicating a substantial rise[55]. Shareholder Information - The total number of shareholders at the end of the reporting period was 66,473, with the top ten shareholders holding significant stakes[13]. - Major shareholder Zeng Shengqiang held 20.32% of the shares, amounting to 104,677,171 shares[13]. Contracts and Projects - The company signed a contract worth RMB 5,001.00 million for the "Smart Light" cloud storage equipment procurement project[26]. - The company is involved in a joint contract with a total value of approximately RMB 10,590 million for the installation and operation of an electronic tax control management system in Bangladesh[27]. - The company has a ten-year IDC service contract with Ping An Communication, with an estimated total value of approximately RMB 2.6 billion[28]. - The company signed a framework contract with China Mobile for IDC room leasing services, with a total contract value of approximately RMB 711 million, covering 1,500 cabinets over a service period of 10 years[32]. - The company entered into a service contract with Ping An Communication for data center services, totaling approximately RMB 885 million, with an effective service period of 8 years[32]. Financial Management and Compliance - The company has no violations regarding external guarantees during the reporting period[42]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[43]. - The company did not engage in entrusted financial management during the reporting period[44]. - The company did not conduct any research, communication, or interview activities during the reporting period[45]. Research and Development - The company reported a decrease in research and development expenses to ¥14,029,340.72 from ¥22,628,105.93, a reduction of 38.4%[69]. - Research and development expenses for the current period are ¥5,877,620.15, significantly reduced from ¥16,876,014.71 in the previous period[80]. - Research and development expenses decreased to CNY 28,310,558.22, down 31.5% from CNY 41,322,292.03 in the previous period[98]. Future Outlook - The company expects a net profit of RMB 18.70 million to RMB 28.00 million for 2019, a turnaround from a net loss of RMB 241.20 million in 2018[39]. - The main reason for the expected profit turnaround is the significant reduction in asset impairment losses related to receivables and inventory compared to the previous year[39].