琏升科技(300051) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥64,816,429.63, representing a year-on-year growth of 14.81%[7] - Net profit attributable to shareholders was -¥2,043,450.67, a decline of 140.83% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥3,584,227.98, a decrease of 182.66% year-on-year[7] - The basic earnings per share was -¥0.0056, down 141.18% from the previous year[7] - The weighted average return on net assets was -0.39%, a decrease of 0.92 percentage points compared to the previous year[7] - The company reported a net loss of CNY 3,915,175.13 for Q3 2019, compared to a net loss of CNY 1,223,606.59 in Q3 2018[51] - The total comprehensive income for Q3 2019 was CNY 2,035,908.52, up from CNY 514,956.87 in the previous year[56] - The company's operating revenue for Q3 2019 was ¥138,688,748.57, an increase from ¥93,622,471.48 in the same period last year, representing a growth of approximately 48%[62] - The net profit for Q3 2019 was ¥3,406,031.60, compared to ¥2,960,419.56 in Q3 2018, indicating an increase of about 15%[60] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,087,250,734.61, an increase of 0.33% compared to the previous year[7] - Total assets increased by 0.33% to RMB 1,087,250,734.61 compared to the beginning of the year[22] - The company's total assets amounted to CNY 1,083,711,280.97, with current assets at CNY 196,426,908.17 and non-current assets at CNY 887,284,372.80[75] - Total liabilities reached CNY 497,015,815.50, with current liabilities at CNY 157,400,630.72 and non-current liabilities at CNY 339,615,184.78[76] - The total liabilities to total assets ratio is approximately 45.9%, indicating a moderate level of leverage[76] Shareholder Information - The company reported a total of 41,310 common shareholders at the end of the reporting period[12] - The largest shareholder, Gong Shaohui, holds 37.82% of the shares, totaling 138,290,501 shares, with a portion pledged[13] - The company’s shareholder structure indicates a significant concentration of ownership among the top shareholders, impacting decision-making processes[14] - The company’s major shareholders include Gong Shaohui, who had 138,290,501 shares at the end of the period, with a portion subject to performance-based restrictions[16] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥35,502,465.38, an increase of 9.32%[7] - The net cash flow from operating activities for Q3 2019 was ¥35,502,465.38, an increase from ¥32,476,100.99 in Q3 2018, representing a growth of approximately 6.3%[67] - Total cash inflow from operating activities was ¥249,730,130.82, compared to ¥208,047,439.55 in the previous year, indicating a year-over-year increase of about 20%[67] - Cash outflow from operating activities totaled ¥214,227,665.44, up from ¥175,571,338.56, reflecting a rise of approximately 22%[67] Stock Incentive Plan - The stock incentive plan was terminated on April 19, 2019, due to the last performance not meeting the targets, leading to the cancellation of certain shares[18] - The company’s stock incentive plan included a total of 344,085 shares, with 342,960 shares locked due to performance issues[18] - The company completed the repurchase and cancellation of shares on July 30, 2019, as part of its stock incentive plan[18] - The company has outlined future plans for stock unlocks and potential new equity incentives based on performance metrics[17] Operating Costs and Expenses - Operating costs rose by 81.46% to RMB 99,589,370.22, primarily due to increased procurement costs associated with mobile communication resale business[28] - The total operating costs for Q3 2019 were CNY 67,731,604.76, up from CNY 57,680,056.95, reflecting a year-over-year increase of 17.8%[51] - The company's R&D expenses for Q3 2019 were CNY 2,072,336.15, a decrease from CNY 2,628,357.38 in Q3 2018, showing a reduction of 21.1%[55] Tax and Other Expenses - The company reported a significant increase in income tax expenses by 1418.72% to RMB 3,613,079.50, due to tax provisions by subsidiaries[30] - The company incurred a credit impairment loss of ¥36,473.37 in Q3 2019, with no losses reported in the same period last year[63] Changes in Financial Reporting - The company adjusted its financial reporting in accordance with new financial instrument standards effective from January 1, 2019[77] - The company has adopted new financial instrument standards effective from January 1, 2019, impacting the reporting of available-for-sale financial assets[82]