XINLUN(SZ:002341)2019-10-22 16:00Financial Performance - Operating revenue for the reporting period was ¥994,069,136.79, down 3.23% year-on-year, while year-to-date revenue was ¥2,441,690,184.38, a decrease of 3.45%[8]. - Net profit attributable to shareholders was ¥28,532,898.17, representing an 80.92% decline compared to the same period last year, with year-to-date net profit down 86.79% to ¥40,432,346.58[8]. - Basic earnings per share for the reporting period were ¥0.0248, down 82.09% year-on-year, and diluted earnings per share were ¥0.0247, also down 82.13%[8]. - Total operating revenue for Q3 2019 was CNY 994,069,136.79, a decrease of 3.2% from CNY 1,027,224,877.31 in the same period last year[45]. - Net profit for Q3 2019 was CNY 27,642,791.02, a significant decline of 81.2% compared to CNY 146,604,949.40 in Q3 2018[46]. - Basic earnings per share decreased to CNY 0.0248 from CNY 0.1385 in the same quarter last year, reflecting a decline of 82.1%[47]. - The company reported a total comprehensive income of CNY 25,957,425.70, down from CNY 148,160,975.98 in Q3 2018[47]. - The company reported a financial expense of ¥132,925,864.93, which is an increase of 35.8% from ¥97,836,044.52 in the same period last year[51]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥281,886,111.07, a decrease of 51.37% compared to the previous year, with year-to-date cash flow down 92.04% to -¥588,148,850.57[8]. - Cash and cash equivalents decreased by 51.32% to ¥783.69 million, primarily due to increased procurement payments and fixed asset investments[17]. - Cash flow from operating activities generated a net outflow of ¥588,148,850.57, worsening from a net outflow of ¥191,261,425.63 in the previous period[62]. - The total cash and cash equivalents at the end of the period amounted to 503,587,014.96 RMB, compared to 444,799,682.38 RMB at the end of the previous year[66]. - The net cash flow from financing activities was 89,567,751.77 RMB, down from 343,321,696.23 RMB in the same period last year[66]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥9,688,145,398.81, a decrease of 0.47% compared to the end of the previous year[8]. - The company's total assets as of September 30, 2019, were CNY 9,688,145,398.81, down from CNY 9,734,261,856.20 as of December 31, 2018, a decrease of approximately 0.47%[38]. - Total liabilities decreased slightly to CNY 4,542,270,757.22 from CNY 4,594,227,990.56, a decline of about 1.13%[37]. - The total liabilities of the company amounted to 3,564,477,866.29 RMB in current liabilities[70]. - The total current liabilities were CNY 1,924,905,161.34, while non-current liabilities totaled CNY 679,795,310.52[75]. Shareholder Information - The total number of shareholders at the end of the reporting period was 66,045, with the top ten shareholders holding a combined 66.77% of shares[12]. - The largest shareholder, Hou Yi, holds 22.35% of shares, with 193,507,852 shares pledged[12]. - The company did not engage in any repurchase transactions during the reporting period[13]. Research and Development - Research and development expenses increased by 51.26% to ¥68.98 million, driven by efforts to enhance technology reserves and support 5G product development[19]. - Research and development expenses rose to ¥68,979,958.94, an increase of 51.1% compared to ¥45,602,396.83 in the previous year[51]. Financial Outlook - The company expects a net profit decline of over 50% for 2019, with an estimated range of ¥50 million to ¥75 million[25]. - The company is in discussions for further cooperation with Aikang Technology regarding aluminum-plastic film business segments[23]. - The company plans to focus on core business operations, having abandoned non-core business activities due to financing constraints from an ongoing investigation[26].