Anjie(SZ:002635)2019-10-29 16:00Financial Performance - Operating revenue for the reporting period was CNY 801,982,398.89, down 22.74% year-on-year[9] - Net profit attributable to shareholders was CNY 152,987,005.23, a decrease of 18.96% compared to the same period last year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 140,995,339.95, down 18.07% year-on-year[9] - The company's operating profit decreased by CNY 492,028,178.72, a drop of 176.61%, mainly due to the repurchase and cancellation of shares related to unfulfilled performance commitments[25] - The company reported a net profit of CNY 158,823,730.01 for Q3 2019, compared to a net profit of CNY 220,000,000.00 in Q3 2018, indicating a decrease of 28.0%[66] - The company's total profit for the current period is ¥370,574,508.58, down from ¥545,114,306.43 in the previous period[86] Cash Flow - The net cash flow from operating activities was CNY 664,842.90, an increase of 108.29% compared to the same period last year[9] - The net cash flow from operating activities increased by CNY 184,128,396.67, a growth of 74.87%, driven by higher customer payments and reduced supplier payments[28] - The net cash flow from operating activities was CNY 430,049,687.87, an increase from CNY 245,921,291.20 in the prior period, reflecting improved operational efficiency[98] - The cash inflow from operating activities totaled CNY 2,527,603,398.77, up from CNY 2,475,201,557.11 year-over-year[98] - The company's net cash flow from financing activities was negative at CNY -130,196,917.52, an improvement from CNY -339,098,788.20 in the prior period, indicating better management of financing costs[104] Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,167,829,363.06, a decrease of 7.14% compared to the end of the previous year[9] - The company's current assets totaled CNY 2,791,241,647.60, down from CNY 3,519,416,655.81 at the end of 2018, indicating a decline of approximately 20.7%[48] - The total liabilities decreased to CNY 1,491,531,040.10 from CNY 1,844,909,722.54, reflecting a reduction of approximately 19.1%[54] - The company's equity attributable to shareholders decreased to CNY 6,674,660,157.53 from CNY 6,949,954,083.77, a decline of about 3.9%[56] - Total liabilities amounted to ¥1,844,909,722.54, with non-current liabilities at ¥118,304,981.86[120] Shareholder Information - The total number of shareholders at the end of the reporting period was 52,969[12] - The largest shareholder, Lü Li, held 29.61% of the shares, totaling 204,050,714 shares[12] Investments and Acquisitions - The company plans to increase its investment in Shenzhen Anjie Electronics Co., Ltd. by RMB 10 million, raising its registered capital from RMB 20 million to RMB 30 million[29] - A further investment of RMB 40 million will increase Shenzhen Anjie’s registered capital to RMB 70 million to meet increased production capacity demands[29] - The acquisition of 100% equity in Chongqing Dahao Electronics Co., Ltd. was completed for a total consideration of RMB 13.585 million[32] Other Income and Expenses - The company reported a government subsidy of CNY 13,252,073.35 during the reporting period[11] - Other income rose by CNY 12,789,242.26, an increase of 297.01%, mainly due to higher government subsidies received compared to the previous year[25] - The company's financial expenses increased by CNY 17,625,780.01, a rise of 35.66%, primarily due to the impact of RMB to USD exchange rate fluctuations[25] Inventory and Receivables - Accounts receivable decreased to CNY 948,262,715.33 from CNY 1,192,259,412.73, showing a reduction of approximately 20.5%[48] - Inventory levels slightly decreased to CNY 546,233,207.05 from CNY 569,903,550.82, a decline of about 4.2%[48] Comprehensive Income - The total comprehensive income amounted to CNY 235,252,760.92, compared to CNY 436,033,028.40 in the previous period, indicating a significant decrease[97] Research and Development - Research and development expenses for the current period amount to ¥16,912,496.18, slightly increasing from ¥16,050,708.91 in the previous period[76]