HMJT(SZ:002356)2019-10-30 16:00Financial Performance - Operating revenue for the reporting period was CNY 172,520,820.86, a decrease of 60.76% year-on-year[7] - Net profit attributable to shareholders was CNY -123,853,323.50, a decrease of 39.95% year-on-year[7] - Basic earnings per share were CNY -0.2347, a decrease of 39.95% year-on-year[7] - The company reported a net loss attributable to shareholders of CNY -1.60 billion, compared to a loss of CNY -1.19 billion in the previous year[62] - Total operating revenue for Q3 2019 was CNY 172,520,820.86, a decrease of 60.8% compared to CNY 439,675,964.13 in the same period last year[70] - Net loss for Q3 2019 was CNY 194,616,235.20, compared to a net loss of CNY 109,796,606.98 in Q3 2018, representing an increase in loss of 77.2%[72] - The total comprehensive income for Q3 2019 was a loss of ¥46,345,109.03, compared to a loss of ¥36,652,243.60 in the same period last year[82] Assets and Liabilities - Total assets decreased by 17.73% to CNY 3,569,881,281.06 compared to the end of the previous year[7] - The company’s total liabilities increased significantly, with estimated liabilities reaching approximately 677.12 million, a 92.91% increase due to large risk reserves in the financial sector[21] - Total liabilities decreased to CNY 4.20 billion from CNY 4.29 billion, a reduction of 2.1%[60] - The total equity of the company decreased to CNY 860,285,905.64 from CNY 976,004,310.05, a decline of 11.9%[69] - The total assets of the company decreased to CNY 3,067,014,592.04 from CNY 3,441,129,862.05, a decrease of 10.9%[69] Cash Flow - Net cash flow from operating activities was CNY 18,706,040.12, a decrease of 54.12% compared to the same period last year[7] - The company’s financing activities generated a net cash flow of approximately -117.04 million, a 70.81% improvement from -401.02 million in the previous year[23] - Cash flow from operating activities was ¥47,463,036.80, a turnaround from -¥247,779,693.70 in the previous year[96] - The net cash flow from operating activities for the third quarter was ¥91,595,658.43, a decrease of 68.2% compared to ¥287,583,186.80 in the previous year[102] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,621[12] - The largest shareholder, Hanqiao Machinery Factory Co., Ltd., held 41.52% of the shares[13] - The controlling shareholder, Hanqiao Machinery Factory, had 24.99 million shares and 10.71 million shares (totaling 6.76% of the company's total shares) judicially enforced to settle debts[30] Regulatory and Compliance Issues - The company received a notice of investigation on May 28, 2019, indicating potential regulatory scrutiny[30] - The company has been under delisting risk warning since April 30, 2019, due to financial irregularities[30] Expenses - The company reported a significant decrease in research and development expenses, totaling approximately 11.32 million, down 40.89% from 19.14 million in the previous year[21] - The company’s interest expenses increased significantly to CNY 43,655,063.40 from CNY 19,700,916.89, an increase of 109.4%[70] - The company reported a total of 157.8 million yuan in illegal guarantees, which accounted for 1,027.99% of the latest audited net assets[44] - The company has a total of 127.8 million yuan in illegal guarantee balances, representing 832.55% of the latest audited net assets[44] Other Income and Expenses - The company reported non-operating income of CNY 15,866,227.80 during the reporting period[7] - The company’s investment income plummeted to approximately -1.34 million, a decrease of 102.93% from 45.67 million in the previous year[21] - The company recorded a credit impairment loss of approximately -687.78 million, marking a 100% increase due to the implementation of new financial instrument standards[21]