MCST(SZ:300355)2019-10-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 71.31% to CNY 38,941,656.99 for the reporting period[9] - Operating revenue fell by 14.94% to CNY 690,233,900.86 for the reporting period[9] - Basic earnings per share decreased by 75.00% to CNY 0.02[9] - The company's net profit for the period was impacted by increased financial expenses, which rose to CNY 79,750,112.62 from CNY 55,935,024.35 in the previous year[43] - The net profit for Q3 2019 was CNY 26.81 million, down 80.9% from CNY 140.41 million year-on-year[48] - The total profit for Q3 2019 was CNY 31.94 million, a decline of 81.5% compared to CNY 172.84 million in the previous year[48] - The company's total revenue for the year-to-date period was CNY 1.99 billion, down 26.2% from CNY 2.69 billion in the previous year[51] - The total operating costs for the year-to-date period were CNY 1.80 billion, a decrease of 18.4% compared to CNY 2.21 billion last year[51] Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of CNY 625,694,746.92, an increase of 69.89% compared to the same period last year[9] - The company's cash and cash equivalents decreased by 55.42% to ¥413,146,482.59 due to payments for seedling procurement, subcontracting, and loan repayments[19] - The company reported a net cash outflow from operating activities of CNY -625,694,746.92, an improvement from CNY -2,078,205,371.36 in the previous year[59] - The overall cash position of the company has improved, with a net increase in cash and cash equivalents at the beginning of the period being ¥681,093,739.70[60] Assets and Liabilities - Total assets increased by 2.04% to CNY 14,816,902,387.71 compared to the end of the previous year[9] - The company's current assets decreased to RMB 5,986,307,748.36 from RMB 6,457,203,903.49 at the end of 2018, reflecting a decline of approximately 7.3%[36] - Total liabilities decreased to CNY 10,069,858,414.98 from CNY 10,343,292,216.62, a reduction of 2.6%[42] - Owner's equity totaled CNY 4.18 billion, with CNY 1.39 billion in undistributed profits[68] Shareholder Information - The company reported a total of 74,999 shareholders at the end of the reporting period[13] - The largest shareholder, Wang Zhaoming, holds 16.78% of the shares, amounting to 269,131,442 shares[13] - The shareholders, including Wang Zaitian and Chen Jinmei, fulfilled their performance commitments, allowing for a 70% release of restrictions on their shares[16] - The company completed its profit commitments for the years 2016 to 2018, which enabled the release of restricted shares[16] Financial Expenses - The company reported a significant increase in financial expenses by 40.38% to ¥219,618,434.64 due to higher interest payments to financial institutions[19] - The financial expenses for the third quarter were CNY 207,681,872.47, an increase from CNY 137,782,848.31 in the same period last year[56] Research and Development - The company reported a significant increase in R&D expenses, which rose to CNY 20,047,545.97 from CNY 14,317,277.89, an increase of 40.5%[43] - The company reported a significant increase in research and development expenses, totaling CNY 36.31 million for the year-to-date period, down from CNY 44.33 million last year[51] Compliance and Governance - The company has no overdue commitments from major shareholders or related parties during the reporting period[25] - The company has no violations regarding external guarantees during the reporting period[29] - The company’s cash dividend policy complies with its articles of association and has been transparently executed[28] - The third quarter report was not audited, indicating potential limitations in the reliability of the financial data presented[73]