银禧科技(300221) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the period was CNY 366,199,830.73, a decrease of 36.44% year-on-year[8] - Net profit attributable to shareholders was a loss of CNY 24,503,611.43, a change of 131.57% compared to the same period last year[8] - Basic earnings per share were -CNY 0.0458, a change of 118.10% year-on-year[8] - Total revenue decreased by 36.74% year-on-year to CNY 1,123,740,934.66, primarily due to a significant decline in revenue from Xingke Electronics Technology and modified plastics[20] - The total operating revenue for Q3 2019 was ¥366,199,830.73, a decrease of 36.4% compared to ¥576,152,039.84 in the same period last year[45] - Net loss for Q3 2019 amounted to ¥24,193,898.18, compared to a net loss of ¥10,385,136.04 in Q3 2018, representing a year-on-year increase in loss of 133.5%[46] - The total comprehensive loss for Q3 2019 was ¥25,021,826.95, compared to a loss of ¥10,762,435.78 in the previous year, reflecting an increase in comprehensive loss of 132.5%[47] - The company reported an investment income of ¥5,600,763.65, compared to ¥501,500.18 in the same period last year, showing a significant increase[45] Assets and Liabilities - Total assets decreased by 29.06% to CNY 1,640,161,005.39 compared to the end of the previous year[8] - Total current assets decreased from CNY 1,626,443,886.79 to CNY 1,046,008,297.37, a decline of approximately 35.5%[35] - Total non-current assets decreased from CNY 685,719,716.59 to CNY 594,152,708.02, a decline of about 13.3%[36] - Total liabilities decreased from CNY 960,415,799.84 to CNY 594,638,814.96, a reduction of approximately 38.0%[37] - Total equity decreased from CNY 1,351,747,803.54 to CNY 1,045,522,190.43, a reduction of approximately 22.6%[38] - The company’s total assets decreased from ¥1,818,116,189.70 to ¥1,446,487,085.82, a reduction of 20.3%[43] - The company’s total liabilities decreased to ¥400,005,521.82 from ¥506,902,583.84, reflecting a reduction of 21%[43] Cash Flow - Cash flow from operating activities decreased by 47.40% to CNY 63,691,466.63 year-to-date[8] - Cash received from sales and services decreased by 44.28% to ¥1,093,928,325.08 compared to ¥1,963,174,295.18 in the previous period[23] - Cash paid for purchasing goods and services decreased by 45.01% to ¥803,887,190.64, reflecting a decline in operating income[23] - Cash paid to employees decreased by 35.60% to ¥125,657,342.70, attributed to a reduction in workforce[24] - Cash received from financing activities decreased by 69.93% to ¥16,461,827.85, primarily due to a reduction in bank guarantee refunds[26] - The net cash flow from operating activities was -49,774,024.22 CNY, compared to -61,659,585.68 CNY in the previous quarter, indicating an improvement of approximately 19.5%[65] - The net cash flow from financing activities was -57,417,378.43 CNY, an improvement from -131,892,371.20 CNY in the previous quarter, reflecting a 56.5% reduction in cash outflow[66] Shareholder Information - The company had 27,963 total shareholders at the end of the reporting period[12] - The top shareholder, Shihezi Ruichen Equity Investment Partnership, held 21.06% of shares[12] - The company did not engage in any repurchase transactions during the reporting period[13] Investment and Expenses - Long-term equity investments increased by 118.65% to CNY 37,996,462.65, driven by investments in Dongguan Jinghang New Materials and a change in accounting method for Suzhou Yinxin New Energy[20] - Research and development expenses for Q3 2019 were ¥20,553,781.28, a decrease of 22.9% from ¥26,615,564.98 in the previous year[45] - Research and development expenses for the third quarter amounted to CNY 4,623,661.51, a decrease from CNY 5,388,719.54 in the prior year[49] Other Financial Metrics - Cash flow from investing activities showed a net inflow of ¥74,564,782.70, compared to a net outflow of ¥109,210,194.20 in the previous period[62] - The company reported a significant increase in asset disposal losses, with a year-on-year change of 5,224.58%[22] - The company’s inventory decreased from CNY 317,838,717.98 to CNY 279,614,226.02, a decline of approximately 12.0%[35] - The company’s retained earnings showed a negative balance of -371,350,794.19 CNY, indicating accumulated losses[71]