KINGSINO(SZ:002548)2019-10-28 16:00Financial Performance - Operating revenue for the reporting period was approximately CNY 570.84 million, down 23.25% year-on-year[8]. - Net profit attributable to shareholders was approximately CNY 17.68 million, an increase of 195.96% year-on-year[8]. - Basic earnings per share increased by 183.81% to CNY 0.0409[8]. - The company reported a significant increase in net profit excluding non-recurring gains and losses, which rose by 216.60% to approximately CNY 27.11 million[8]. - Net profit increased by 1,366.89% compared to the beginning of the period, primarily due to profitability and adjustments related to the new financial instruments standards[19]. - The company reported a net profit of ¥44,145,780.31 compared to a loss of ¥3,484,567.94 in the previous period[42]. - Net profit for Q3 2019 reached CNY 25,651,034.73, compared to a net loss of CNY 14,039,233.31 in Q3 2018[50]. - The company reported a comprehensive income total of CNY 60,576,768.97, recovering from a loss of CNY 41,989,088.41 in the same period last year[59]. - The company reported a total profit of -59,232,558.12 CNY for the quarter, compared to a profit of 17,150,043.65 CNY in the previous year[62]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 4.02 billion, a decrease of 0.75% compared to the end of the previous year[8]. - Total current assets decreased to ¥1,191,997,001.66 from ¥1,367,827,266.09, a decline of approximately 12.8%[40]. - Total non-current assets rose to ¥2,831,911,052.31 from ¥2,686,523,784.28, an increase of about 5.4%[40]. - Total liabilities decreased to ¥2,098,965,571.88 from ¥2,554,448,759.93, a reduction of approximately 17.8%[41]. - Total equity increased to ¥1,924,942,482.09 from ¥1,499,902,290.44, representing a growth of about 28.4%[42]. - The total assets as of Q3 2019 were CNY 3,918,587,455.85, slightly up from CNY 3,866,364,913.21 year-on-year[47]. - Total liabilities as of Q3 2019 amounted to CNY 2,118,220,176.09, a decrease from CNY 2,412,644,851.93 in the previous year[47]. - The total owner's equity reached CNY 1,499,902,290.44, reflecting an increase of CNY 12,662,458.07 from the prior period[76]. Cash Flow - Net cash flow from operating activities was approximately CNY 10.32 million, up 119.90% year-on-year[8]. - Cash paid for operating activities decreased by 59.80% year-on-year, mainly due to larger restricted cash payments in the previous year[22]. - Cash received from investment income decreased by 100% year-on-year, primarily due to cash received from the disposal of equity interests in the previous year[22]. - The net cash flow from operating activities for Q3 2019 was ¥165.41 million, a significant improvement from a net outflow of ¥95.74 million in the same period last year[70]. - The net cash flow from financing activities was -¥12.03 million, contrasting with a positive net inflow of ¥721.06 million in Q3 2018[71]. Shareholder Information - The company has a total of 37,293 shareholders at the end of the reporting period[12]. - The largest shareholder, Guangzhou Bay Area Jinong Investment Partnership, holds 21.72% of the shares[12]. Government Support - The company received government subsidies amounting to approximately CNY 18.45 million during the reporting period[9]. - Deferred income increased by 95.78% compared to the beginning of the period, mainly due to an increase in government subsidies[18]. Operational Efficiency - Sales expenses decreased by 32.47% compared to the same period last year, mainly due to organizational optimization and staff reduction[20]. - Other income increased by 60.43% compared to the same period last year, mainly due to an increase in government subsidies received[20]. - Research and development expenses for Q3 2019 were CNY 10,967,073.36, down from CNY 13,886,790.57 in the same period last year[49].