久其软件(002279) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue increased by 10.50% to CNY 755,838,155.21 for the current period, and by 9.32% to CNY 1,855,435,275.95 year-to-date[8] - Net profit attributable to shareholders decreased by 96.04% to CNY 6,626,721.70 year-to-date[8] - Basic earnings per share increased by 8.15% to CNY 0.1261 for the current period, but decreased by 96.05% year-to-date[8] - The net profit for the third quarter of 2019 was CNY 86,579,760.11, compared to CNY 81,320,726.18 in the previous year, reflecting an increase of about 6.9%[44] - The operating profit for the third quarter was CNY 87,879,016.43, slightly down from CNY 89,475,243.52 in the same quarter last year, a decrease of approximately 1.8%[43] - The company reported a net loss for the period narrowed to ¥686,445,952.20 from ¥705,853,759.19 in the previous year[40] - The total comprehensive income for the third quarter was CNY 88,674,918.69, compared to CNY 83,232,677.63 in the same period last year, an increase of approximately 6.0%[44] - The total comprehensive income for Q3 2019 was CNY -1.48 million, a sharp decline from CNY 177.88 million in Q3 2018[54] Assets and Liabilities - Total assets decreased by 10.82% to CNY 2,922,376,949.59 compared to the end of the previous year[8] - The company reported a decrease in total assets, with a notable drop in cash and cash equivalents[56] - The total liabilities decreased to CNY 1,790,961,235.82 from CNY 2,110,488,979.18, reflecting a reduction of approximately 15.1%[34] - The company's total assets amounted to CNY 2,922,376,949.59, a decrease from CNY 3,277,058,167.32 at the end of 2018[32] - The company's total equity as of September 30, 2019, was CNY 1,131,415,713.77, down from CNY 1,166,569,188.14 at the end of 2018[34] Cash Flow - Cash flow from operating activities decreased by 90.06% to CNY 12,781,254.17 for the current period[8] - Cash received from other operating activities decreased by 79% year-on-year to 4.98 million RMB, primarily due to the adjustment of structured deposit interest to investment income[18] - The net cash flow from operating activities was 144,199,895.72 CNY, a significant improvement from a negative cash flow of -69,632,051.50 CNY in the previous period[59] - The company incurred 261,564,457.76 CNY in employee-related cash payments, up from 174,179,848.27 CNY in the previous period[59] - The cash flow from operating activities was positively impacted by a 3,684,103.66 CNY tax refund received[59] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 711,233,390[12] - The largest shareholder, Beijing Jiuqi Technology Investment Co., Ltd., holds 23.13% of shares[12] - The company repurchased a total of 5,569,833 shares, accounting for 0.7831% of the total share capital, with a total transaction amount of approximately 42.39 million RMB[23] Expenses and Costs - Total operating costs for Q3 2019 were ¥676,677,187.25, up 12.6% from ¥600,616,419.89 in the same period last year[42] - Research and development expenses increased to ¥82,968,128.09, reflecting a rise of 10.4% from ¥75,193,387.35 in Q3 2018[42] - Cash paid to employees increased by 35% year-on-year to 496.39 million RMB, attributed to an increase in the number of employees and salaries[18] - Financial expenses increased by 136% year-on-year to 36.83 million RMB, mainly due to increased convertible bond interest and loan interest, along with decreased bank deposit interest income[17] Investment Activities - The company signed a share transfer agreement to sell 100% of Shanghai Yitong's shares for 303 million RMB, aiming to mitigate the negative impact of retained opinions from the 2018 annual report[19] - The company plans to use up to 400 million RMB of temporarily idle raised funds for cash management, investing in low-risk financial products[21] - Cash received from investment recoveries increased by 105% year-on-year to 1.172 billion RMB, mainly due to the release of structured deposits[18] - Investment activities resulted in a net cash outflow of -252,476,965.03 CNY, an improvement from -335,450,276.59 CNY in the previous period[61] Other Information - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[26] - The company has not engaged in any illegal external guarantees during the reporting period[25] - The company has not conducted any research, communication, or interview activities during the reporting period[28] - The company has invested a total of CNY 45,100,000 in entrusted financial management, with no overdue amounts[28]