ST宇顺(002289) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the current period was CNY 69,092,763.19, down 6.84% year-on-year, and down 31.89% year-to-date[9] - Net profit attributable to shareholders was a loss of CNY 9,535,069.23, an increase in loss of 71.20% year-on-year, and a loss of CNY 51,064,810.24 year-to-date, an increase in loss of 24.22%[9] - Basic earnings per share was -CNY 0.0340, a decrease of 71.21% year-on-year[9] - The company's operating revenue for the current period was ¥162,550,063.17, a decrease of 31.89% compared to ¥238,655,968.76 in the same period last year, primarily due to a decline in sales orders[18] - The company's total revenue for the year-to-date period was CNY 162,550,063.17, down from CNY 238,655,968.76 in the previous year, reflecting a challenging market environment[62] - The net profit for the current period is a loss of CNY 33,455,956.25, slightly improved from a loss of CNY 34,516,169.94 in the previous period[68] - The total comprehensive income for the current period is a loss of CNY 51,064,810.24, compared to a loss of CNY 67,381,903.78 in the previous period[65] Assets and Liabilities - Total assets decreased by 15.70% to CNY 505,487,145.77 compared to the end of the previous year[9] - Net assets attributable to shareholders decreased by 16.12% to CNY 265,675,179.43 compared to the end of the previous year[9] - Total current assets as of September 30, 2019, decreased to 168.14 million yuan from 249.89 million yuan at the end of 2018, representing a decline of approximately 32.6%[46] - Total liabilities decreased to 239.81 million yuan from 282.86 million yuan, a decline of about 15.2%[47] - Total assets as of September 30, 2019, were CNY 724,492,812.73, down from CNY 863,277,461.04 at the end of 2018[51] - Current assets decreased to CNY 390,236,564.99 from CNY 524,140,505.86 year-over-year, reflecting a decline of 25.5%[51] - The company's equity attributable to shareholders was CNY 520,030,257.86, down from CNY 553,486,214.11 at the end of 2018[53] Cash Flow - Net cash flow from operating activities was -CNY 139,306.60, a decrease of 100.59% year-on-year[9] - The net cash flow from operating activities improved by 38.37%, reaching -¥16,264,497.34 compared to -¥26,390,944.14 in the previous year, attributed to a decrease in payments to suppliers due to order decline and changes in product structure[18] - The total cash inflow from operating activities is CNY 173,391,007.86, compared to CNY 260,489,583.70 in the previous period[72] - Cash inflow from investment activities was CNY 228,000.00, significantly lower than CNY 33,100,750.00 in the previous period[76] - Net cash flow from financing activities decreased by 96.30% to ¥1,438,069.43 from ¥38,903,542.91, primarily due to a reduction in new borrowings compared to the previous year[18] - The ending balance of cash and cash equivalents was CNY 30,024,505.48, down 42.1% from CNY 51,685,784.86 in the previous period[77] Shareholder Information - The top ten shareholders hold a combined 41.70% of the shares, with the largest shareholder holding 15.30%[13] - The controlling shareholder increased its stake in the company to 32% through multiple transactions, reflecting confidence in the company's future development[20][21] - The company has not conducted any repurchase transactions during the reporting period[14] Research and Development - Research and development expenses decreased by 36.71% to ¥9,234,005.41 from ¥14,589,343.69, mainly due to a reduction in new project initiations[18] - Research and development expenses for Q3 2019 were CNY 1,117,832.34, a decrease from CNY 1,313,732.45 in the same period last year, indicating a potential shift in focus[59] - Research and development expenses for the current period are CNY 3,350,366.18, down from CNY 3,988,033.85 in the previous period[68] Compliance and Risks - The company’s stock has been subject to delisting risk warning due to consecutive years of negative audited net profits in 2017 and 2018[19] - The company has no overdue commitments from major stakeholders during the reporting period[37] - There were no instances of non-compliance regarding external guarantees during the reporting period[39] Other Financial Metrics - The company reported a significant increase in other income to CNY 1,639,372.05 from CNY 827,750.00, reflecting a growth of 97.8%[55] - The company incurred financial expenses of CNY 9,262,475.03 for the year-to-date period, compared to CNY 8,360,956.47 in the previous year, indicating rising costs[62] - The company reported a credit impairment loss of CNY 1,739,178.76 for Q3 2019, compared to a gain of CNY -188,667.65 in the previous year, highlighting increased credit risk[59]