凯中精密(002823) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the period reached CNY 501,321,626.40, a year-on-year increase of 29.25%[6] - Net profit attributable to shareholders decreased by 50.28% to CNY 21,806,753.28 compared to the same period last year[6] - Total operating revenue for Q3 2019 was CNY 501,321,626.40, an increase of 29.2% compared to CNY 387,871,411.57 in the same period last year[36] - Net profit for Q3 2019 was CNY 21,806,753.28, a decrease of 50.3% from CNY 43,861,194.29 in Q3 2018[38] - Total operating revenue for the current period reached ¥1,475,833,149.64, an increase of 30% compared to ¥1,137,237,162.40 in the previous period[44] - Net profit for the current period was ¥46,990,158.46, a decrease of 62.3% from ¥124,397,356.20 in the same period last year[46] - The total profit for the current period was ¥52,696,932.99, down 64% from ¥146,253,701.30 in the previous period[46] Assets and Liabilities - Total assets increased by 4.04% to CNY 2,963,519,492.07 compared to the end of the previous year[6] - Total current assets decreased to ¥1,027,020,647.95 as of September 30, 2019, from ¥1,106,395,494.18 at the end of 2018[29] - Non-current assets totaled CNY 1,936,498,844.12, an increase from CNY 1,742,057,197.96, reflecting a growth of about 11.16%[30] - Current liabilities decreased to CNY 812,906,326.38 from CNY 825,986,041.83, showing a reduction of approximately 1.3%[31] - Total liabilities increased to CNY 1,670,614,923.87 from CNY 1,530,548,512.86, marking a growth of approximately 9.14%[31] - Owner's equity decreased to CNY 1,292,904,568.20 from CNY 1,317,904,179.28, reflecting a decline of about 1.9%[31] Cash Flow - The net cash flow from operating activities increased by 69.71% to CNY 45,200,321.42[6] - Cash received from sales and services for the first nine months of 2019 was ¥1,579,925,444.40, a 34.20% increase from ¥1,177,290,382.09 in 2018, attributed to the consolidation of SMK[16] - Operating cash inflow for the current period reached ¥1,639,200,852.98, a significant increase from ¥1,214,677,074.95 in the previous period, reflecting a growth of approximately 35%[52] - Net cash flow from operating activities was ¥154,026,029.76, up from ¥93,155,676.47, indicating a year-over-year increase of about 65%[54] - Cash outflow from investment activities totaled ¥321,101,143.72, a decrease from ¥766,340,760.31 in the previous period, showing a reduction of approximately 58%[54] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 20,592[8] - The top shareholder, Wu Ying, holds 32.27% of the shares, amounting to 93,389,576 shares[8] - The company completed the repurchase and cancellation of 1,950,984 shares of restricted stock, accounting for 0.67% of the total share capital[17] Research and Development - The company reported a significant increase of 445.91% in development expenses, totaling CNY 16,627,710.56, due to new technology development[13] - R&D expenses surged by 100.18% to ¥75,896,217.24 from ¥37,913,662.60, driven by new projects, products, and technology development[14] - Research and development expenses increased to CNY 26,313,631.21 in Q3 2019, compared to CNY 12,753,007.85 in Q3 2018, reflecting a growth of 106.5%[36] Financial Ratios - The weighted average return on net assets decreased to 1.69%, down by 1.76% compared to the previous year[6] - Basic and diluted earnings per share for Q3 2019 were both CNY 0.07, down from CNY 0.15 in the same quarter last year[39] - Basic and diluted earnings per share were both ¥0.16, down from ¥0.43 in the previous period[47] Other Financial Information - Financial expenses skyrocketed by 2,006.24% to ¥38,620,845.94 from ¥1,833,639.35, primarily due to the inclusion of SMK's operating loan interest and increased acquisition loan interest[14] - The company received ¥39,566,876.41 in tax refunds, a 107.53% increase from ¥19,066,041.21, mainly due to increased export tax rebates[16] - Tax expenses for Q3 2019 were CNY 2,084,618.66, a significant decrease from CNY 7,798,917.82 in the same period last year[38] - The company reported a decrease in tax expenses to ¥5,706,774.53 from ¥21,856,345.10 in the previous period[46] Audit and Compliance - The third quarter report was not audited[64] - The company did not apply new financial instrument or leasing standards retroactively[64]