GHKJ(SZ:002741)2019-10-30 16:00Financial Performance - Operating revenue for the reporting period was ¥461,875,290.53, representing an increase of 11.00% year-on-year[7]. - Net profit attributable to shareholders decreased by 66.04% to ¥14,389,673.49 for the reporting period[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 77.92% to ¥7,113,425.53[7]. - Basic earnings per share decreased by 65.99% to ¥0.0385[7]. - The weighted average return on net assets was 1.14%, down by 2.44% year-on-year[7]. - Net profit attributable to the parent company decreased by 73.89% to 34.15 million, impacted by a decline in gross margin and an increase in period expenses[15]. - The company reported a decrease in other income to CNY 8,663,276.75 from CNY 11,690,941.93 in the same period last year[45]. - The total profit for Q3 2019 was ¥20,011,754.70, a decrease of 61.6% from ¥52,160,044.84 in Q3 2018[49]. - Net profit decreased to ¥45,604,571.53 compared to ¥130,109,279.33 in the previous year, representing a decline of approximately 65%[59]. - Total profit amounted to ¥53,780,316.95, down from ¥153,054,436.09, indicating a decrease of about 65.9%[58]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,504,111,977.58, an increase of 1.30% compared to the end of the previous year[7]. - Current assets totaled CNY 1,353,100,211.47, a slight decrease from CNY 1,406,618,622.70 at the end of 2018, indicating a decline of about 3.8%[36]. - Total liabilities stood at CNY 1,227,791,005.58, up from CNY 1,198,053,924.05, which is an increase of about 2.5%[37]. - The company's equity increased slightly to CNY 1,276,320,972.00 from CNY 1,273,838,454.72, showing a growth of approximately 0.2%[38]. - Total liabilities as of Q3 2019 amounted to CNY 1,242,372,780.39, an increase from CNY 1,145,210,688.89 in Q3 2018[43]. - The company's inventory stood at ¥573,572,453.90, indicating stable inventory management[70]. - Total current assets amounted to CNY 1,246,820,219.95, with cash and cash equivalents at CNY 240,542,455.98[75]. Cash Flow - The net cash flow from operating activities was -¥6,863,022.90, a decrease of 29.70% compared to the same period last year[7]. - Cash paid for taxes decreased by 33.42% to 35.82 million, due to a reduction in income tax and VAT payments[15]. - The net cash flow from operating activities for Q3 2019 was ¥4,572,139.05, a significant improvement compared to a net outflow of ¥97,528,341.05 in Q3 2018[66]. - Total cash inflow from financing activities was ¥500,238,105.52, while cash outflow was ¥528,609,036.49, resulting in a net cash flow of -¥28,370,930.97 for the quarter[67]. - Cash and cash equivalents at the end of the period were ¥86,895,129.04, down from ¥146,289,110.12, a decrease of approximately 40.6%[63]. Investments and Expenditures - Cash paid for the acquisition of fixed assets and other long-term assets decreased by 68.08% to 112.73 million, as some ongoing projects were completed[15]. - The company invested ¥121,149,027.57 in capital expenditures during Q3 2019, compared to ¥351,473,963.20 in Q3 2018, reflecting a decrease in investment activities[66]. - Investment activities resulted in a net cash outflow of ¥112,673,442.70, compared to a larger outflow of ¥353,182,889.16 in the previous year[63]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,728[11]. - The largest shareholder, Zheng Chuangfa, holds 34.52% of the shares, with 129,180,000 shares pledged[11]. - The company has committed to a share buyback program, with a total of 1 million shares planned for repurchase[24]. Research and Development - Research and development expenses rose by 30.04% to 56.74 million, reflecting the company's ongoing commitment to increasing R&D investment[15]. - Research and development expenses for Q3 2019 were CNY 20,227,037.61, an increase from CNY 18,234,453.36 in Q3 2018[45]. - R&D expenses increased to ¥41,323,527.12 from ¥35,920,472.86, reflecting a growth of approximately 11.5% year-over-year[58]. Future Outlook - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[24]. - Market expansion efforts include entering two new international markets, expected to contribute an additional $10 million in revenue by the end of 2020[24]. - The company has completed a strategic acquisition of a competitor, enhancing its market share by 10%[24].