Gifore(SZ:300022)2019-10-29 16:00Financial Performance - Operating revenue for the reporting period was ¥786,224,700.52, down 10.45% year-on-year[7] - Net profit attributable to shareholders was a loss of ¥19,739,637.51, a significant decline of 19,545.18% compared to the same period last year[7] - Basic earnings per share were -¥0.0519, reflecting a decrease of 17,400.00% year-on-year[7] - The net loss for Q3 2019 was CNY 15,876,243.65, compared to a net profit of CNY 3,991,476.95 in Q3 2018, indicating a significant decline in profitability[35] - The net profit for the year-to-date period was a loss of ¥50,897,008.79, compared to a profit of ¥14,619,617.97 in the same period last year[43] - The total comprehensive income attributable to the parent company was -¥19,739,637.51, significantly lower than ¥101,514.32 in the previous year[36] - The company reported a significant increase in financial expenses, totaling ¥53,306,870.93, compared to ¥30,189,888.89 in the previous year[41] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,974,735,322, an increase of 4.16% compared to the end of the previous year[7] - The total liabilities amounted to CNY 911,332,439.16, a decrease from CNY 979,428,108.57 year-over-year[31] - The equity attributable to the parent company was CNY 164,116,994.29, down from CNY 216,463,317.88 at the end of 2018[30] - Cash and cash equivalents decreased by 37.36% compared to the beginning of the year, primarily due to the filling of bills[15] - The company’s total assets as of September 30, 2019, were CNY 1,251,255,733.88, down from CNY 1,302,329,184.17 at the end of 2018[30] - The total amount of accounts receivable was CNY 115,269,750.96, with other receivables at CNY 378,067,309.20[63] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥83,599,244.99, a decrease of 250.68%[7] - Cash flow from operating activities showed a net outflow of CNY -83,599,244.99, contrasting with a net inflow of CNY 55,482,465.22 in the prior year[51] - The total cash inflow from operating activities was 451,884,942.69 CNY, a decrease of 30.3% compared to 648,719,600.73 CNY in the previous year[55] - The company reported a net cash outflow from investment activities of 2,745,979.06 CNY, an improvement from a net outflow of 5,173,380.64 CNY in the previous year[52] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,570[11] - The largest shareholder, Wang Xinming, held 12.27% of the shares, with 37,449,618 shares pledged[11] Expenses - Sales expenses decreased by 31.19% year-on-year, mainly due to a decrease in revenue and corresponding sales expenses[16] - Management expenses increased by 73.59% year-on-year, primarily due to increased share-based payments related to the transfer of 20% equity in a subsidiary[16] - Financial expenses increased by 76.57% year-on-year, mainly due to increased interest and fees[16] Investment Performance - Investment income for the year-to-date period was ¥3,044,264.70, down from ¥11,439,716.67 in the previous year, indicating a decline in investment performance[41] - The company incurred credit impairment losses of ¥159,497.53, compared to ¥1,330,958.20 in the previous year, showing an improvement in credit quality[43] Future Outlook - The company plans to focus on reducing operational costs and improving financial performance in the upcoming quarters[40]