金明精机(300281) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥62,967,758.77, a decrease of 21.03% year-on-year[10] - Net profit attributable to shareholders was ¥589,080.41, down 53.51% compared to the same period last year[10] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥5,526,593.01, a decline of 669.66% year-on-year[10] - Basic earnings per share were ¥0.0014, a decrease of 53.33% compared to the same period last year[10] - The weighted average return on net assets was 0.05%, down 0.05% year-on-year[10] - The company reported a total profit of CNY 239,556.30 for Q3 2019, down 58.0% from CNY 571,111.63 in the same quarter last year[45] - The net profit for the period was ¥6,091,400.84, a significant decline of 81.7% from ¥33,201,548.06 in the same period last year[53] - The total comprehensive income for the period was ¥6,091,400.84, a decrease of 81.7% compared to ¥33,201,548.06 last year[54] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,528,672,078.02, an increase of 4.50% compared to the end of the previous year[10] - Current assets totaled CNY 844,721,023.25, slightly up from CNY 834,417,831.83 year-over-year[35] - Total liabilities rose to CNY 318,263,618.39 from CNY 252,214,033.26, reflecting an increase of approximately 26.2%[36] - Total liabilities increased to CNY 265,360,327.37 in Q3 2019, up from CNY 178,001,506.61 in Q3 2018, representing a growth of 48.9%[42] - The company's equity attributable to shareholders was CNY 1,210,408,459.63, slightly down from CNY 1,210,600,910.56[37] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥2,134,145.45, a decrease of 95.91% compared to the same period last year[10] - The net cash flow from operating activities was CNY 2,134,145.45, a sharp decrease from CNY 52,183,654.24 in the previous period[61] - Cash inflows from operating activities amounted to CNY 303,666,738.79, down from CNY 389,255,264.11 in the previous period, reflecting a decline of approximately 22%[60] - The net cash flow from investing activities was negative at CNY -93,975,691.13, worsening from CNY -29,288,138.84 in the previous period[62] - Cash outflows from investing activities totaled CNY 611,543,705.34, compared to CNY 654,189,257.17 in the previous period, showing a reduction of about 6.5%[62] Shareholder Information - The total number of shareholders at the end of the reporting period was 11,515[14] - The top shareholder, Ma Zhenxin, holds 21.85% of the shares, totaling 91,522,407 shares[14] Financial Expenses and Income - The company’s financial expenses increased by 271.24% to ¥3,491,353.03, mainly due to increased interest expenses from bank loans[22] - The company reported an operating profit of ¥6,481,810.61, down 82.9% from ¥37,817,422.05 in the previous period[53] - The investment income for the period was ¥10,223,762.21, an increase from ¥8,052,711.51, reflecting a growth of 27.0%[51] Inventory and Receivables - The balance of accounts receivable was ¥41,900,608.30, a decrease of 43.67% compared to the beginning of the period, mainly due to the collection of customer payments[22] - Inventory increased to CNY 373,116,087.21, up from CNY 326,068,782.77, indicating a growth of about 14.4%[34] - The balance of other receivables decreased by 44.38% to ¥4,230,476.68, primarily due to the recovery of supplier refunds[22] Tax and Compliance - The company’s income tax expense decreased by 94.20% to ¥267,316.77, mainly due to a reduction in the income tax provision compared to the previous period[26] - The company reported no violations regarding external guarantees or non-operating fund occupation by major shareholders during the reporting period[30] - There were no significant changes in the cumulative net profit forecast for the year compared to the previous year[30] Research and Development - Research and development expenses for Q3 2019 were CNY 4,765,856.54, an increase of 15.8% from CNY 4,117,086.95 in Q3 2018[44] - Research and development expenses were ¥14,683,096.03, slightly down from ¥15,875,165.24, showing a decrease of 7.5%[51]