兴民智通(002355) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 430,444,215.27, down 9.40% year-on-year [8]. - Net profit attributable to shareholders was a loss of CNY 7,893,394.03, a decline of 156.59% compared to the same period last year [8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 10,238,605.30, a decrease of 186.81% year-on-year [8]. - Basic earnings per share were CNY -0.0126, down 156.50% compared to the same period last year [8]. - Operating profit decreased by 64.32% year-on-year, primarily due to an increase in operating costs and expenses [16]. - The company reported a net profit margin decline due to increased operating costs, impacting overall profitability [34]. - The net profit for the third quarter was a loss of CNY 4,286,907.91, compared to a profit of CNY 24,623,759.67 in the same period last year [36]. - The total profit for the third quarter was a loss of CNY 4,463,915.16, compared to a profit of CNY 27,396,822.47 in the same period last year [36]. - The net profit attributable to the parent company for Q3 2019 was CNY 13,146,640.45, a decrease from CNY 54,154,467.75 in the same period last year, representing a decline of approximately 75.7% [43]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,782,985,763.47, a decrease of 2.48% compared to the end of the previous year [8]. - The total assets decreased from 4,904,749,215.99 yuan at the end of 2018 to 4,782,985,763.47 yuan as of September 30, 2019 [26]. - The company's total assets as of September 30, 2019, were CNY 4,354,333,793.44, a decrease from CNY 4,507,276,707.22 at the end of 2018 [33]. - Total liabilities decreased to CNY 1,589,660,613.18 from CNY 1,743,454,999.17 year-over-year, indicating a reduction of 8.8% [32]. - Total liabilities amounted to CNY 1,980,292,956.62, with total equity at CNY 2,924,456,259.37, resulting in total assets of CNY 4,904,749,215.99 [59]. - The total current liabilities amount to ¥1,600,814,724.01, reflecting the company's short-term financial obligations [58]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 79,212,407.09, an increase of 113.94% [8]. - Net cash flow from operating activities increased by 113.94% year-on-year, mainly due to a decrease in cash payments for goods and services and taxes [16]. - The net cash flow from operating activities was CNY 79,212,407.09, an increase from CNY 37,025,103.06 in the same period last year, showing an improvement of about 114.4% [50]. - The net cash flow from operating activities for the current period is ¥32,338,405.35, a significant increase compared to ¥493,181.41 in the previous period [53]. - The total cash outflow from financing activities was CNY 1,075,217,126.14, compared to CNY 1,390,118,536.91 in the same period last year, indicating a decrease of about 22.6% [50]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 33,690 [12]. - The largest shareholder, Sichuan Shengbang Chuangheng Enterprise Management Co., Ltd., held 28.01% of the shares [12]. Research and Development - Research and development expenses increased by 250.33% year-on-year, mainly due to the accounting of R&D expenditures in the previous year [16]. - Research and development expenses increased significantly to CNY 12,268,724.09, compared to CNY 2,932,181.37 in the previous year, marking a growth of 318.5% [34]. - Research and development expenses for the third quarter were CNY 7,200.66, a decrease from CNY 9,676.21 in the previous year [38]. - Research and development expenses increased to CNY 58,811.36 from CNY 13,952.18, marking a rise of approximately 320.5% [46]. Other Financial Metrics - The weighted average return on net assets was -0.28%, compared to -0.80% in the previous year [8]. - Cash and cash equivalents decreased by 113.61% year-on-year, mainly due to a decrease in net cash flow from financing activities [16]. - Cash and cash equivalents decreased to CNY 410,032,443.77 from CNY 480,674,756.70, representing a decline of 14.6% [30]. - The total comprehensive income for the period was CNY 30,284,299.14, compared to CNY 80,580,111.43 in the previous year, indicating a decline of approximately 62.5% [43]. - The company incurred financial expenses of CNY 6,566,608.43, down from CNY 11,342,951.96 in the previous period [38].