JOINTAS(SZ:002909)2019-10-30 16:00Financial Performance - Net profit attributable to shareholders surged by 982.59% to CNY 25,093,316.18 for the current period[7] - The company reported a net profit of CNY 56,380,681.05 for the year-to-date, reflecting a 424.01% increase compared to the same period last year[7] - Basic earnings per share rose by 994.20% to CNY 0.151 for the current period[7] - The company’s basic earnings per share increased by 431.25% to ¥0.340 due to the rise in net profit[16] - Net profit increased by 424.01% to ¥56,380,681.05, driven by lower raw material costs[16] - The net profit for the period was ¥56,380,681.05, significantly up from ¥10,759,513.97, marking an increase of 424.5%[52] - The operating profit rose to ¥69,337,513.00, compared to ¥15,182,157.34 in the previous period, indicating a growth of 356.5%[52] Revenue and Costs - Operating income for the current period was CNY 257,466,133.34, a slight decrease of 0.10% year-on-year[7] - Total operating revenue for Q3 2019 was CNY 257,466,133.34, a slight decrease of 0.1% compared to CNY 257,716,848.25 in the same period last year[43] - Total operating costs decreased significantly to ¥646,160,284.63 from ¥680,762,942.75, representing a reduction of approximately 5.1%[50] - Total operating costs decreased significantly to CNY 223,226,326.55, down 12% from CNY 253,647,337.98 in the previous year[43] Assets and Liabilities - Total assets increased by 7.34% to CNY 942,002,708.11 compared to the end of the previous year[7] - Total current assets amounted to CNY 589,269,101.74, with cash and cash equivalents at CNY 236,236,312.37[67] - Total liabilities as of September 30, 2019, were CNY 455,948,713.39, compared to CNY 416,423,299.99 at the end of 2018, marking an increase of approximately 9.5%[35] - Total liabilities increased to CNY 474,092,974.80 from CNY 440,602,094.04, reflecting a rise of 7.6% year-over-year[41] - The company's total assets reached CNY 950,676,645.89, up from CNY 896,642,216.10, reflecting an increase of 6% year-over-year[41] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,937[11] - The largest shareholder, Guangzhou Antai Chemical Co., Ltd., holds 45.35% of the shares, amounting to 76,186,538 shares[11] - The company repurchased a total of 2,747,000 shares, accounting for 1.64% of the total share capital, with an average transaction price of 11.24 CNY/share[23] Cash Flow - Cash flow from operating activities decreased significantly by 68.57% to CNY 9,528,388.48[7] - The net cash flow from operating activities was negative at -¥56,290,137.29, a decline from a positive ¥10,267,464.43 in the previous period[60] - Cash inflows from financing activities were ¥124,389,400.00, significantly higher than ¥46,830,000.00 in the previous period[61] - The ending cash and cash equivalents balance was ¥101,156,783.99, a decrease from ¥98,236,337.99 in the previous period[61] Government Subsidies - Non-recurring gains and losses included government subsidies amounting to CNY 2,869,239.22[8] - The company received government subsidies totaling ¥12,901,800, including ¥5,526,600 for technology transformation projects[17] - The company received government subsidies on multiple occasions throughout 2019[22] Operational Changes - The company revised its production plans, canceling a 10,000-ton water-based paint line and adding a 15,000-ton neutral silicone sealant line[20] - The company plans to acquire 75% of Zhaoshun Technology (Guangdong) Co., Ltd. for ¥46,725,000[20] Research and Development - Research and development expenses for Q3 2019 were CNY 11,952,516.02, an increase from CNY 10,405,275.70 in the previous year[43] - Research and development expenses were ¥26,646,976.09, slightly higher than ¥24,852,994.11 from the previous period, reflecting an increase of 7.2%[50] Financial Management - The company has not reported any violations regarding external guarantees during the reporting period[26] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[27] - The company has not engaged in entrusted financial management during the reporting period[28]