FLAC(SZ:002536)2019-10-24 16:00Financial Performance - Operating revenue for the reporting period was ¥641,379,851.08, down 6.18% year-on-year[8]. - Net profit attributable to shareholders dropped by 57.79% to ¥24,630,710.97[8]. - Basic earnings per share decreased by 29.41% to ¥0.12[8]. - The estimated net profit for 2019 is expected to decline by over 50%, with a projected range of ¥7,116.37 million to ¥10,551.86 million[27]. - The company anticipates a significant impact on profits due to increased tariffs and fierce market competition, leading to price reductions and declining gross margins[27]. - Net profit for the current period was ¥24,233,111.01, a decline of 58.1% compared to ¥57,914,850.15 in the previous period[63]. - The net profit attributable to the parent company is ¥65,483,788.73, compared to ¥187,698,799.43 in the previous period, reflecting a significant decline[81]. - The total profit for the current period is ¥87,164,395.56, a decrease of 34.0% from ¥132,720,277.82 in the previous period[81]. - The operating profit for the current period is ¥87,654,806.81, down from ¥136,666,579.22 in the previous period, indicating a decline of 36.0%[81]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,760,584,966.11, an increase of 0.99% compared to the end of the previous year[8]. - Current liabilities rose to ¥1,564,037,546.74, compared to ¥1,424,145,232.02, marking an increase of about 9.8%[46]. - Long-term equity investments increased to ¥1,379,948,663.29 from ¥1,175,984,524.63, representing a growth of approximately 17.3%[53]. - Total liabilities amounted to ¥1,659,197,203.29, compared to ¥1,519,302,563.24, reflecting an increase of about 9.2%[46]. - The company's total equity decreased to ¥2,101,387,762.82 from ¥2,204,293,892.25, a decline of approximately 4.7%[49]. - The company's inventory decreased to ¥213,683,764.55 from ¥341,743,775.83, a decline of approximately 37.4%[50]. - Total current assets amounted to CNY 1,804,338,612.74 as of January 1, 2019, unchanged from December 31, 2018[100]. - Total non-current assets reached CNY 1,919,257,842.75 as of January 1, 2019, also unchanged from December 31, 2018[103]. - Total liabilities were CNY 1,519,302,563.24 as of January 1, 2019, unchanged from the previous period[106]. Cash Flow - Net cash flow from operating activities fell by 31.74% to ¥91,315,392.59[8]. - The net cash flow from operating activities improved by 40.56% to ¥330,472,575.32, attributed to reduced material purchases and strict cost control[23]. - The net cash flow from investing activities improved by 40.23% to -¥144,877,911.72, mainly due to reduced investment control[23]. - The net cash flow from financing activities decreased by 309.72% to -¥151,534,368.97, primarily due to increased loan repayments and interest expenses[23]. - The net increase in cash and cash equivalents decreased by 47.54% to ¥34,102,073.40, mainly due to reduced cash flow from financing activities[23]. - The cash flow from operating activities is ¥1,903,265,738.21, a decrease from ¥2,452,488,977.20 in the previous period[86]. - The total cash outflow for operating activities was 1,703,138,511.06, down from 2,304,783,178.04, indicating a decrease of approximately 26%[90]. - The net cash flow from financing activities was -151,534,368.97, compared to a positive net flow of 72,256,082.20 in the previous period[92]. Shareholder Information - The company reported a total of 33,623 shareholders at the end of the reporting period[13]. - The largest shareholder, Henan Wanxi Holding Co., Ltd., held 37.17% of the shares, totaling 186,097,555 shares[13]. - No repurchase transactions were conducted by the top 10 shareholders during the reporting period[19]. Expenses - Sales expenses increased by 53.44% to ¥108,143,669.24, mainly due to increased tariffs resulting from the US-China trade war[23]. - Financial expenses surged by 116.28% to ¥19,334,005.39, primarily driven by increased interest expenses[23]. - Research and development expenses for the current period were ¥42,927,526.85, a decrease from ¥46,375,206.79 in the previous period[60]. - The company reported a significant increase in sales expenses, which rose to ¥40,774,769.45 from ¥26,463,241.12, an increase of approximately 54.2%[67]. - The financial expenses for the current period are ¥7,902,473.85, an increase from ¥6,631,458.96 in the previous period[81].