翔鹭钨业(002842) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue decreased by 40.35% to CNY 274,404,303.58 for the current period, and by 17.36% to CNY 1,018,637,180.16 year-to-date[7] - Net profit attributable to shareholders was CNY -32,217,315.30, a decrease of 189.22% compared to the same period last year[7] - Basic earnings per share dropped by 192.31% to CNY -0.12 for the current period[7] - The net profit for the period was a loss of CNY 32,649,242.10, compared to a profit of CNY 36,695,884.92 in the previous year[42] - The company reported a net profit of CNY 5,374,056.41 for the year-to-date period, a decrease of 93.9% compared to CNY 89,055,716.80 in the same period last year[49] - The company's net profit for Q3 2019 was CNY 13,933,427.10, a decrease from CNY 89,350,362.81 in the same period last year, representing a decline of approximately 84.4%[53] - The total operating income for the year-to-date period was CNY 1,018,637,180.16, down 17.3% from CNY 1,232,554,602.74 in the previous year[47] Cash Flow - Cash flow from operating activities decreased by 95.77% to CNY 11,829,803.44 for the current period[7] - The net cash flow from operating activities decreased by 186.36% to -¥60,344,377.65, primarily due to a reduction in cash received from sales of goods and services[17] - The net cash flow from operating activities for Q3 2019 was negative at CNY -60,344,377.65, contrasting with a positive cash flow of CNY 69,874,673.56 in Q3 2018[58] - The cash flow from financing activities included ¥968,957,100.00 from borrowings, highlighting the company's reliance on debt financing[62] - The net cash flow from financing activities was ¥501,848,549.20, a recovery from a negative cash flow of -¥33,214,626.17 in the previous year[62] Assets and Liabilities - Total assets increased by 18.72% to CNY 2,377,103,937.16 compared to the end of the previous year[7] - The company's total liabilities increased significantly, reflecting a strategic move to enhance liquidity through debt financing[16] - Total liabilities rose to CNY 1,444,088,983.22 from CNY 1,044,484,270.78, which is an increase of approximately 38.3%[33] - The company's equity attributable to shareholders increased to CNY 916,284,541.80 from CNY 851,234,467.56, showing a growth of about 7.6%[34] - The total cash and cash equivalents at the end of the period amounted to ¥432,376,193.90, up from ¥158,775,522.24 at the end of the previous year[62] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,937[11] - The largest shareholder, Chaozhou Zhongda Investment Co., Ltd., held 19.45% of the shares[11] - The company did not engage in any repurchase transactions during the reporting period[12] Investment and Expenses - The company reported a significant increase in long-term equity investments, rising to CNY 480,000,000.00 from CNY 372,750,000.00, a growth of 28.8%[38] - Research and development expenses for the quarter were CNY 12,652,097.11, compared to CNY 10,814,944.34 in the previous year, indicating a 17% increase[41] - The company’s investment income decreased by 100% compared to the previous year, primarily due to no investment income being recorded this period[17] - Financial expenses increased to CNY 17,346,379.22 in Q3 2019 from CNY 12,295,745.03 in the same period last year, representing an increase of approximately 41.5%[53] Other Financial Metrics - The weighted average return on net assets was -3.76%, down by 8.14% compared to the same period last year[7] - The company received government subsidies amounting to CNY 4,067,410.36 during the year[8] - The company reported a total profit of CNY 13,933,427.10 for Q3 2019, down from CNY 102,257,453.98 in Q3 2018, marking a decline of about 86.3%[53]