TGC(SZ:300265)2019-10-28 16:00Financial Performance - Operating revenue for the reporting period was CNY 340,163,130.72, down 0.53% year-on-year, while revenue from the beginning of the year to the reporting period was CNY 1,029,599,568.63, a decrease of 11.03% compared to the same period last year[7]. - Net profit attributable to shareholders of the listed company for the reporting period was CNY 6,366,639.33, a decrease of 11.04% year-on-year, while net profit from the beginning of the year to the reporting period was CNY 34,190,900.62, an increase of 11.21% compared to the same period last year[7]. - Basic earnings per share for the reporting period were CNY 0.02, unchanged from the previous year, while diluted earnings per share were also CNY 0.02[7]. - Total operating revenue for the current period is $340.16 million, a decrease of 0.54% from $341.99 million in the previous period[39]. - Net profit for the current period is $6.67 million, a decline of 12.38% compared to $7.61 million in the previous period[40]. - Operating profit decreased to $7.66 million, down 10.12% from $8.52 million in the previous period[40]. - Comprehensive income for the current period totaled $6.96 million, down from $8.10 million in the previous period[41]. - Total operating revenue for the period was ¥1,029,599,568.63, a decrease of 11.03% compared to ¥1,157,196,734.08 in the previous period[45]. - Net profit for the period reached ¥35,440,690.98, representing an increase of 5.15% from ¥33,706,051.46 in the same period last year[47]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 100,857,727.54, an increase of 212.35%[7]. - The company's net cash flow from operating activities for the reporting period was CNY 100.86 million, an increase of 212.35% compared to the same period last year[19]. - The net cash flow from financing activities for the reporting period was CNY -124.17 million, a decrease of 502.17% compared to the same period last year, mainly due to reduced net cash from borrowings[19]. - Operating cash inflow for the current period reached ¥1,258,270,092.75, an increase from ¥1,083,828,595.48 in the previous period, representing a growth of approximately 16.1%[55]. - Cash outflow from investing activities totaled ¥65,329,350.55, down from ¥73,923,954.56 in the previous period, indicating a reduction of about 11.5%[56]. - Net cash flow from financing activities was negative at ¥124,167,423.52, compared to a positive cash flow of ¥30,874,541.09 in the previous period, reflecting a shift in financing strategy[56]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,130,314,499.70, a decrease of 6.78% compared to the end of the previous year[7]. - Total liabilities decreased from CNY 1,255,859,046.96 to CNY 1,065,258,710.53, a reduction of about 15.2%[31]. - Current liabilities decreased from CNY 1,159,888,176.68 to CNY 969,628,884.59, a reduction of about 16.4%[31]. - Non-current assets remained relatively stable, totaling CNY 715,254,461.16 compared to CNY 715,957,615.33, a slight decrease of 0.1%[30]. - The company's cash and cash equivalents decreased from CNY 228.20 million at the end of 2018 to CNY 163.87 million by September 30, 2019[29]. - The company's cash and cash equivalents dropped significantly from CNY 21,090,312.21 to CNY 3,595,916.81, a decrease of approximately 83%[34]. - Total assets decreased from CNY 2,285,224,850.23 to CNY 2,130,314,499.70, a decline of approximately 6.8%[30]. - The company has long-term investments amounting to CNY 153,976,316.52 and fixed assets valued at CNY 312,417,064.35[63]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,196[10]. - The largest shareholder, Tongguang Group Co., Ltd., held 55.19% of the shares, totaling 186,250,000 shares[10]. - The total equity attributable to shareholders rose from CNY 993,491,936.15 to CNY 1,024,933,827.92, an increase of about 3.2%[32]. - The company's retained earnings increased from CNY 423,166,852.68 to CNY 452,295,437.03, an increase of approximately 6.8%[32]. Research and Development - Research and development expenses decreased by 30.70% year-on-year, mainly due to the impact of the R&D progress[18]. - Research and development expenses decreased significantly to $12.78 million, down 30.67% from $18.44 million in the previous period[39]. - Research and development expenses were ¥39,066,328.78, a decrease of 16.8% compared to ¥46,990,764.11 in the previous period[45]. Government Support and Investments - The company received government subsidies amounting to CNY 3,258,094.04 during the reporting period[8]. - The company plans to invest up to CNY 20 million to gain control of Jiangsu Tongguang Ocean Optical Technology Co., Ltd., aiming to hold at least 51% of its shares[20]. - The company received approval from the China Securities Regulatory Commission for the public issuance of convertible bonds, which is currently progressing smoothly[21]. Other Financial Metrics - The weighted average return on net assets was 0.62% for the reporting period, compared to 0.08% for the same period last year[7]. - Non-recurring gains and losses for the year-to-date amounted to CNY 878,137.93 after tax[9]. - The gross profit margin improved to 3.56% from 1.94% in the previous period, indicating better cost management[45]. - The company reported an investment loss of ¥3,548,130.19, compared to a gain of ¥15,084,234.74 in the previous period, indicating challenges in investment performance[45].