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[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[8] - Total operating revenue for Q3 2019 was CNY 755,838,155.21, an increase of 10.5% compared to CNY 684,022,818.80 in Q3 2018[42] - The net profit for Q3 2019 reached CNY 86,579,760.11, compared to CNY 81,320,726.18 in Q3 2018, marking an increase of about 6.9%[44] - The total profit for Q3 2019 was CNY 89,404,116.38, down from CNY 93,903,128.66 in the same period last year, indicating a decrease of about 4.9%[43] - The company reported a net loss of CNY 686,445,952.20 for the period, an improvement from a loss of CNY 705,853,759.19 in the previous year[40] Cash Flow and Liquidity - Cash flow from operating activities decreased by 90.06% to CNY 12,781,254.17[8] - Cash received from operating activities decreased by 79% year-on-year to 4.98 million RMB, mainly due to the adjustment of structured deposit interest to investment income[18] - The company received 316,883,636.04 CNY from sales of goods and services, an increase of 20.8% compared to 262,323,709.60 CNY in the previous period[59] - 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] - Total cash and cash equivalents at the end of the period were 420,530,482.83 CNY, down from 819,333,170.38 CNY in the previous period, reflecting a decrease of 48.7%[58] - The company incurred 261,564,457.76 CNY in employee-related cash payments, which is an increase of 50.1% compared to 174,179,848.27 CNY in the previous period[59] - The company reported a cash outflow of 208,196,906.40 CNY from financing activities, an increase from 99,800,374.18 CNY in the previous period[61] 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, reflecting challenges in maintaining asset growth amid declining profits[54] - The company's total liabilities decreased to CNY 1,790,961,235.82 from CNY 2,110,488,979.18, representing a reduction of approximately 15.1%[34] - The company's equity increased slightly to CNY 1,131,415,713.77 from CNY 1,166,569,188.14, showing a decrease of about 3.0%[34] - The company's accounts payable decreased to CNY 145,985,310.70 from CNY 183,610,965.70, indicating a decline of approximately 20.5%[34] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 49,311[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] Government and Financial Support - The company received government subsidies amounting to CNY 4,470,118.17 during the reporting period[9] - Financial expenses increased by 136% year-on-year to 36.83 million RMB, primarily due to increased convertible bond interest and loan interest, along with decreased bank deposit interest income[17] Research and Development - Research and development expenses increased to CNY 82,968,128.09, representing a rise of 10.5% from CNY 75,193,387.35 in Q3 2018[42] - Research and development expenses amounted to CNY 47,644,518.95, up from CNY 35,954,631.05 in the previous year, reflecting a growth of about 32.5%[46] Investment Activities - Investment cash outflows increased by 71% year-on-year to 1.2848 billion RMB, primarily due to the purchase of structured deposits[18] - Cash received from investment recoveries increased by 105% year-on-year to 1.172 billion RMB, mainly due to the redemption of structured deposits[18] - Cash inflow from investment activities totaled 390,588,679.40 CNY, down from 641,481,917.63 CNY in the previous period[61] - 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] Tax and Financial Management - The company’s income tax expense decreased by 81% year-on-year to 4.93 million RMB, mainly due to a decline in profit from subsidiaries[18] - 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]