GZBL(SZ:002424)2019-10-23 16:00Financial Performance - Operating revenue for the reporting period was ¥752,474,108.79, representing a 10.09% increase from ¥683,487,401.22 in the same period last year[9]. - Net profit attributable to shareholders of the listed company decreased by 26.14% to ¥88,513,024.47 from ¥119,842,765.56 year-on-year[9]. - Basic earnings per share decreased by 33.33% to ¥0.06 from ¥0.09 in the same period last year[9]. - The company's net profit margin improved, with net profit increasing to ¥1,793,956,153.05 from ¥1,691,854,327.11, representing a growth of approximately 6.1%[60]. - The net profit for the current period was ¥50,838,923.02, down 44% from ¥90,702,037.77 in the previous period[75]. - The total profit for the current period was ¥378,843,171.35, down 17.3% from ¥457,824,050.23 in the previous period[81]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,862,966,565.58, an increase of 14.84% compared to the previous year[9]. - Net assets attributable to shareholders of the listed company were ¥4,059,156,165.80, up 4.88% year-on-year[9]. - Current liabilities totaled CNY 2,456,840,488.42, an increase from CNY 2,022,553,451.30 in the previous year, indicating a rise of approximately 21.5%[47]. - The company's total liabilities amounted to CNY 2,711,904,585.50, compared to CNY 2,051,550,975.18 in the previous year, reflecting an increase of about 32.2%[47]. - Total non-current assets reached CNY 2,314,794,792.28, up from CNY 1,980,222,710.77, marking a growth of approximately 16.9%[44]. Cash Flow - The net cash flow from operating activities was -¥304,203,630.16, worsening by 104.39% compared to -¥157,864,411.51 in the previous year[9]. - The net cash flow from operating activities improved by 60.12%, reaching -¥137,019,799.74, due to increased sales collections and reduced procurement payments[25]. - Cash inflow from operating activities was CNY 2,103,207,605.66, up from CNY 1,530,107,050.38 in the previous period, reflecting a growth of approximately 37.2%[94]. - Cash outflow from investing activities totaled CNY 409,913,273.39, significantly higher than CNY 91,369,351.55 in the previous period[100]. - Cash inflow from financing activities was CNY 1,854,600,000.00, compared to CNY 576,600,000.00 in the previous period, marking an increase of approximately 221.5%[100]. Shareholder Information - The company reported a total of 68,129 common shareholders at the end of the reporting period[14]. - The largest shareholder, Jiang Wei, holds 49.41% of the shares, amounting to 697,275,617 shares[14]. Financial Adjustments and Standards - The company has made adjustments to its accounting policies, which affected the financial statements for the previous year[9]. - The company adopted new financial instrument standards starting January 1, 2019, impacting the classification and measurement of financial assets[107]. - The new financial instrument standards introduced a shift from "incurred loss model" to "expected credit loss model" for measuring financial asset impairment[107]. Investment and Expenses - Investment income showed a drastic decline of 1683.01%, resulting in a loss of ¥33,557,896.75, attributed to losses from investments in joint ventures[25]. - Research and development expenses decreased to ¥7,224,332.01 from ¥15,962,306.79, a reduction of about 54.7%[61]. - Financial expenses increased significantly to ¥37,590,662.84, compared to ¥9,832,759.85 in the previous period, primarily due to higher interest expenses[78].