浙江世宝(002703) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 236,322,449.51, down 19.78% year-on-year, and cumulative revenue for the year-to-date was CNY 686,835,516.68, down 22.49%[7] - Net profit attributable to shareholders of the listed company was a loss of CNY 16,361,424.73, a decrease of 3,645.43% compared to the same period last year[7] - Basic and diluted earnings per share were both CNY -0.0208, a decrease of 3,566.67% year-on-year[7] - The company expects a net profit attributable to shareholders for 2019 to be between -¥15,000,000 and -¥10,000,000, a significant decline compared to a profit of ¥727,840 in 2018[28] - The decline in performance is attributed to poor automotive industry performance, leading to decreased revenue and increased bad debt risks due to deteriorating customer operations[28] - Net profit for Q3 2019 was a loss of ¥18,986,475.29, compared to a profit of ¥288,315.52 in Q3 2018, indicating a significant decline[53] - The company reported a basic and diluted earnings per share of -0.0208 for Q3 2019, compared to 0.0006 in Q3 2018[53] - The company's basic and diluted earnings per share are both -0.0441, worsening from -0.0068 in the previous period[63] - The net profit attributable to the parent company is -34,789,543.94, compared to -5,395,018.74 in the previous period, reflecting a significant increase in losses[63] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,963,877,379.45, a decrease of 3.97% compared to the end of the previous year[7] - The company’s inventory at the end of the reporting period was CNY 288,339,859.21, accounting for 14.68% of total assets[14] - The company’s fixed assets increased to CNY 682,345,444.53, representing 34.74% of total assets, an increase of 3.04% compared to the previous year[14] - Current assets decreased from ¥1,124,039,331.72 at the end of 2018 to ¥1,006,680,563.52 as of September 30, 2019[40] - Accounts receivable decreased from ¥468,614,553.04 at the end of 2018 to ¥395,759,436.92 as of September 30, 2019[40] - The total equity attributable to shareholders was ¥1,443,757,138.87, down from ¥1,478,546,682.81, a decrease of 2.4%[44] - Current liabilities decreased to ¥457,619,071.43 from ¥490,134,020.00 year-over-year, a reduction of 6.6%[44] Cash Flow - The net cash flow from operating activities was CNY 21,397,736.69, an increase of 308.55% compared to the same period last year[7] - Operating cash flow net amount increased by 300.52% year-on-year, reaching ¥14,254,463.95, primarily due to reduced material procurement payments and lower employee compensation costs[20] - Financing cash flow net amount increased by 133.35% year-on-year, totaling ¥40,288,311.33, primarily driven by increased bank borrowings[20] - The net increase in cash and cash equivalents improved by 55.49% year-on-year, amounting to -¥7,930,316.56[20] - Total cash inflow from operating activities decreased to ¥485,779,401.43 from ¥511,083,181.74 in the previous period, reflecting a decline of approximately 4.9%[72] - Cash outflow from operating activities also decreased to ¥471,524,937.48 from ¥518,192,001.04, indicating a reduction of about 9%[72] - Investment cash flow net amount for the current period is -¥62,693,882.45, worsening from -¥27,978,688.59 in the previous period[72] - Total cash inflow from investment activities dropped to ¥136,545,058.98 from ¥310,360,503.37, a decline of approximately 56%[72] - Cash and cash equivalents at the end of the period decreased to ¥112,362,868.41 from ¥142,608,580.24, a reduction of approximately 21%[72] Operating Costs and Expenses - Total operating costs for Q3 2019 were ¥258,808,308.53, down from ¥299,507,977.72 in Q3 2018, reflecting a reduction of 13.6%[53] - Research and development expenses for Q3 2019 were ¥13,460,452.95, down 22.4% from ¥17,419,220.51 in Q3 2018[53] - The total operating costs for the current period are 10,700,115.85, up from 8,198,908.98 in the previous period, reflecting an increase of approximately 30.6%[58] - Research and development expenses decreased to 911,168.84 from 1,559,904.74, a reduction of about 41.4%[58] - The company reported a financial expense of -701,875.25, an improvement from -984,828.77 in the previous period, indicating better financial management[58] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,698, with the largest shareholder holding 43.28% of the shares[11]