Rapoo(SZ:002577)2019-10-30 16:00Financial Performance - Operating revenue for the reporting period was CNY 79,416,388.71, down 39.92% year-on-year, and CNY 294,005,871.66 for the year-to-date, down 19.52% compared to the same period last year[8]. - Net profit attributable to shareholders was a loss of CNY 5,348,643.80, a decrease of 917.25% year-on-year, and a loss of CNY 2,565,278.22 for the year-to-date, down 113.96% compared to the same period last year[8]. - Net profit for the period was -2,582,565.35 yuan, a decrease of 20,820,547.21 yuan year-on-year, representing a 114.16% reduction primarily due to decreased main business income and gross profit decline[21]. - The total profit for the period was -3,993,664.03 yuan, a decrease of 23,171,376.67 yuan year-on-year, representing a 120.82% reduction due to decreased main business income and gross profit decline[20]. - The company reported a net loss of CNY 86,436,766.91 as of September 30, 2019, compared to a loss of CNY 83,871,488.69 at the end of 2018[37]. - Net profit for Q3 2019 was a loss of CNY 5,259,017.82, compared to a profit of CNY 679,421.85 in Q3 2018, reflecting a significant decline in profitability[45]. - The total comprehensive income for Q3 2019 was a loss of CNY 9,486,308.20, compared to a loss of CNY 5,549,301.84 in the same quarter last year[46]. - The total comprehensive income for the period was -6,329,427.35 CNY, compared to 14,275,440.85 CNY in the previous period[57]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 46,250,513.30, an increase of 449.20% year-on-year, and CNY 45,126,127.02 for the year-to-date, up 234.07% compared to the same period last year[8]. - Operating cash flow net amount was 45,126,127.02 yuan, an increase of 76,983,641.72 yuan year-on-year, representing a 241.65% increase due to reduced cash payments for goods and services[22]. - Cash and cash equivalents at the end of the period amounted to 139,391,929.79 yuan, an increase of 66,651,443.63 yuan year-on-year, representing a 91.63% increase due to increased cash recovery and purchase of financial products[24]. - Cash inflow from operating activities totaled 377,003,365.37 CNY, down from 414,508,769.77 CNY in the previous period, representing a decrease of approximately 9.5%[59]. - The net cash flow from operating activities was 45,126,127.02 CNY, a significant improvement from -31,857,514.70 CNY in the previous period[59]. - The company experienced a net increase in cash and cash equivalents of 51,177,533.27 CNY, contrasting with a decrease of -48,196,086.74 CNY in the previous period[61]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,245,556,862.27, a decrease of 5.05% compared to the end of the previous year[8]. - The company's current assets totaled CNY 872,020,171.55, down from CNY 917,138,038.12 at the end of 2018, indicating a decrease of about 4.91%[34]. - Total liabilities decreased to CNY 86,790,286.88 from CNY 145,303,365.96, a significant reduction of about 40.23%[36]. - The company's equity attributable to shareholders decreased to CNY 1,172,942,148.87 from CNY 1,180,239,648.33, a decline of approximately 0.61%[37]. - Total liabilities reached CNY 128,548,479.41, with current liabilities totaling CNY 115,905,473.55[75]. - The company's total assets were CNY 1,311,800,714.96, reflecting a stable asset base for future operations[70]. Shareholder Information - The total number of shareholders at the end of the reporting period was 27,484, with the largest shareholder holding 61.39% of the shares[12]. - Basic and diluted earnings per share were both -CNY 0.02, compared to CNY 0.02 in the same period last year[50]. - Basic earnings per share were -0.02 CNY, while diluted earnings per share were also -0.02 CNY, compared to 0.05 CNY in the previous period[57]. Operational Efficiency - Accounts receivable decreased by 31.13% to CNY 69,288,645.10 compared to the beginning of the year, due to improved collection measures[16]. - Accounts payable decreased to 31,871,367.57 yuan, down 23,473,501.27 yuan from the beginning of the year, a decrease of 42.41% due to reduced material purchases[17]. - Research and development expenses for Q3 2019 were CNY 4,892,660.03, down from CNY 6,666,422.35, a decrease of approximately 27%[44]. - The company reported a financial expense of CNY -7,194,410.43, an improvement from CNY -14,749,399.35 in the previous year, indicating better financial management[44]. Future Outlook - Future outlook includes potential market expansion and new product development strategies to recover from current losses and improve financial performance[44]. - The company plans to focus on market expansion and new product development in the upcoming quarters[50]. - The company is actively monitoring market trends and adjusting its strategies to align with evolving consumer demands and competitive pressures[69].