共达电声(002655) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 233,086,089.21, representing a year-on-year increase of 0.25%[7] - Net profit attributable to shareholders was CNY 9,481,209.74, a decrease of 42.08% compared to the same period last year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 8,779,804.80, down 45.21% year-on-year[7] - Basic earnings per share were CNY 0.03, a decrease of 40.00% year-on-year[7] - The total profit for the year-to-date period was CNY 10,518,751.19, down from CNY 18,428,873.25, representing a decrease of about 43.5%[39] - The net profit for the third quarter was CNY 9,481,209.74, down from CNY 16,368,104.69 in the same period last year, representing a decrease of approximately 42.5%[37] - The operating profit for the third quarter was CNY 9,580,222.74, compared to CNY 17,002,695.10 in the previous year, indicating a decline of about 43.3%[37] - The total comprehensive income for the third quarter was CNY 9,459,489.82, down from CNY 15,583,087.14 in the previous year, a decrease of about 39.2%[37] Cash Flow - The net cash flow from operating activities was CNY 23,216,863.44, an increase of 243.67% compared to the same period last year[7] - Operating cash flow net increased by 94.75% to ¥27,135,275.82, primarily due to increased cash inflow from operating activities[15] - Cash received from operating activities increased by 208.41% to ¥8,310,997.40, mainly due to increased government subsidies and recovery of initial debts[15] - Cash flow from operating activities was ¥700,384,220.18, compared to ¥614,863,018.66 in the same period last year, demonstrating strong cash generation capabilities[51] - Net cash flow from operating activities was CNY 36,264,850.68, compared to CNY 13,780,424.55 in the same period last year, indicating a significant improvement[56] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,079,629,832.80, a decrease of 1.95% compared to the end of the previous year[6] - Total liabilities decreased to CNY 581,641,918.67 from CNY 612,490,397.36 year-over-year, showing a reduction of about 5.02%[32] - The equity attributable to shareholders increased to CNY 508,744,653.62 from CNY 490,674,670.93, marking an increase of approximately 3.5%[33] - Cash and cash equivalents decreased to CNY 79,535,340.39 from CNY 96,117,983.48, a decline of about 17.3%[30] - Accounts receivable increased to CNY 280,556,249.03 from CNY 242,674,030.01, representing an increase of approximately 15.6%[30] - Inventory levels decreased to CNY 171,490,050.98 from CNY 199,825,292.68, indicating a reduction of about 14.2%[30] Shareholder Information - The company reported a total of 31,886 common shareholders at the end of the reporting period[11] - The largest shareholder, Weifang Aisheng Acoustic Technology Co., Ltd., held 15.27% of the shares, totaling 54,980,000 shares[11] - The company did not engage in any repurchase transactions during the reporting period[12] Expenses - Sales expenses rose by 41.36% to ¥15,374,226.66, mainly due to increased employee compensation, hospitality expenses, and freight costs[15] - Research and development expenses rose to CNY 16,387,599.12 in Q3 2019, compared to CNY 12,456,117.03 in Q3 2018, reflecting a growth of approximately 31.5%[35] - Research and development expenses increased to CNY 16,193,569.71 from CNY 12,456,117.03, reflecting a growth of approximately 29.4%[39] Other Income and Expenses - Other income increased by 108.04% to ¥6,751,218.07, attributed to higher government subsidies[15] - The company reported an asset impairment loss of CNY 8,672,231.34 for the third quarter, compared to CNY 9,730.13 in the previous year[37] - The company experienced a foreign exchange loss of CNY 21,719.92 in the third quarter, compared to a loss of CNY 785,017.55 in the same period last year[37] - The company incurred a tax expense of ¥832,979.87 for Q3 2019, down from ¥1,149,188.27 in the same period last year, indicating a favorable tax position[44]