远方信息(300306) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 98,454,000.16, down 11.45% year-on-year[8] - Net profit attributable to shareholders was CNY 54,272,303.49, an increase of 83.55% year-on-year[8] - Basic earnings per share reached CNY 0.19, up 90.00% compared to the same period last year[8] - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of CNY 23,349,674.31, down 14.81% year-on-year[8] - The net profit attributable to the parent company was 127.84 million yuan, an increase of 10,767.07% year-on-year, mainly due to fair value changes from un-cancelled performance compensation shares[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 52.96 million yuan, up 1,597.79% year-on-year, primarily due to reduced asset impairment losses from the previous year[24] - The net profit for Q3 2019 reached ¥54,452,455.60, an increase of 96.0% compared to ¥27,803,135.69 in Q3 2018[42] - The net profit for Q3 2019 was CNY 103,764,120.42, a significant increase from CNY 17,755,665.21 in the same period last year, representing a growth of approximately 485%[54] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 109,853,821.16, an increase of 276.95%[8] - Net cash flow from operating activities increased by 276.95% year-on-year, primarily due to reduced procurement and tax expenditures[20] - The company reported a cash flow from operating activities of CNY 109,853,821.16, a substantial increase from CNY 29,142,876.04 in the previous year[59] - The net cash flow from financing activities increased by 95.32% year-on-year, mainly due to dividend distribution in the previous year[20] - The net cash flow from investment activities was -¥52,871,830.21, a decline from a positive cash flow of ¥2,440,748.22 in the same quarter last year[62] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,598,857,134.40, a decrease of 0.30% compared to the end of the previous year[8] - The total liabilities of the company were CNY 166,526,988.68, down from CNY 177,377,565.64, marking a decrease of about 6.4%[34] - The company's total current assets were CNY 944,473,913.22, showing a marginal decline from CNY 945,209,724.20 in the previous period[32] - The total comprehensive income for the period was CNY 126,923,698.48, a notable increase from CNY 6,351,624.66 year-on-year[51] - The total liabilities decreased to ¥92,075,363.40 from ¥117,124,465.69, reflecting a reduction of 21.4% year-over-year[39] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 18,178[12] - The largest shareholder, Pan Jiangen, holds 29.18% of the shares, totaling 80,067,960 shares[12] Expenses - Sales expenses decreased by 30.59% compared to the same period last year, attributed to a reduction in operational service fees[19] - Financial expenses increased by 78.22% compared to the same period last year, mainly due to a decrease in interest income from time deposits resulting from adjustments in the financial product structure[19] - Research and development expenses for Q3 2019 were ¥15,094,063.30, a decrease of 21.0% from ¥19,068,672.95 in Q3 2018[41] - The company incurred research and development expenses of CNY 22,490,827.85, a decrease from CNY 23,414,746.60 in the previous year[54] Investment and Fair Value - Non-recurring gains and losses totaled CNY 74,880,001.69, primarily from investment income and government subsidies[10] - Investment income decreased by 57.54% compared to the same period last year, primarily due to adjustments in the financial management structure[20] - Fair value changes increased by 573.40% year-on-year, mainly due to the fair value of performance compensation shares from Weir Technology being recognized at the market closing price[20] - The financial income from fair value changes was CNY 71,814,152.93, a significant recovery from a loss of CNY 15,169,964.47 in the previous year[48] Other Financial Metrics - The weighted average return on net assets was 4.08%, up from 2.52% in the previous year[8] - The company has no violations regarding external guarantees during the reporting period[25] - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[26]