*ST红相(300427) - 2019 Q3 - 季度财报

Financial Performance - Total assets increased to ¥4,331,526,296.88, up 18.51% from the previous year[7] - Net profit attributable to shareholders reached ¥55,907,442.86, a 16.91% increase year-on-year[7] - Operating revenue for the period was ¥298,555,655.44, reflecting a growth of 17.93% compared to the same period last year[7] - Basic earnings per share rose to ¥0.1560, an increase of 15.04% year-on-year[7] - The weighted average return on net assets was 2.64%, up 0.24% from the previous year[7] - The net profit after deducting non-recurring gains and losses was ¥50,432,217.94, up 11.92% year-on-year[7] - Operating revenue for the year-to-date reached 95,690.82 million, an increase of 8.40% compared to the same period last year[32] - Net profit for the reporting period was 25,053.13 million, reflecting a growth of 9.27% year-on-year[32] - In the first three quarters of 2019, net profit reached RMB 21,278.92 million, an increase of 10.58% compared to the same period last year[33] - The net profit attributable to shareholders of the listed company was RMB 19,822.10 million, up 17.24% year-on-year[33] - Total operating revenue for Q3 2019 was CNY 298,555,655.44, an increase of 17.9% compared to CNY 253,170,838.61 in the same period last year[58] - Net profit for Q3 2019 reached CNY 62,825,299.06, representing a growth of 14.4% from CNY 54,889,272.94 in Q3 2018[59] Shareholder Information - The company reported a total of 16,271 common shareholders at the end of the reporting period[11] - Major shareholder Yang Baotian holds 28.85% of the shares, with a total of 103,398,042 shares[11] - The company has no plans for share repurchase transactions during the reporting period[12] - The company reported a total of 29,139,835 shares held by executives, with a lock-up period allowing for a 25% release annually starting from October 13, 2020[15] - A total of 5,753,968 shares are held by Xiamen Midai No. 5 Venture Capital Partnership, with a lock-up period ending on March 1, 2020[15] - The company has a total of 1,668,449 shares held by executive Xi Ligong, which are subject to a lock-up period until October 13, 2020[16] - The company’s executive Xu Jianping holds 508,013 shares, also under a lock-up period until October 13, 2020[16] - The company has a total of 64,869 shares held by executive Zuo Kegang, with a similar lock-up structure[16] - The company’s executive Wang Changle holds 436,491 shares, with a lock-up period until October 13, 2020[17] - The company’s executive Liu Hongsheng holds 522,317 shares, subject to the same lock-up conditions[17] - The company’s executives have a structured release of shares based on their holdings, with percentages of 20%, 40%, 60%, and 80% for cumulative releases[16] - The company’s total shares under lock-up conditions are significant, indicating a controlled release strategy to stabilize stock performance[15] - The company’s lock-up agreements are set to expire in phases, allowing for gradual market introduction of shares[16] - The total number of restricted shares after the IPO is 111,852,053[21] - The company has a plan for unlocking restricted shares, with 30% released annually, accumulating to 60%[21] - The restricted shares will be unlocked from October 13, 2020, to October 13, 2022[21] - The company has multiple shareholders with varying amounts of restricted shares, including 873,002 shares held by Wu Song[19] - The company has a structured release plan for restricted shares based on specific conditions being met[21] - The report indicates that the company is adhering to the regulatory requirements for restricted shares[21] - The shareholders include key individuals such as Chen Xiao Jie and Liu Chao, each holding significant amounts of restricted shares[19] - The company is focused on compliance with the terms of the restricted share agreements[21] Cash Flow and Investments - Cash flow from operating activities showed a net outflow of ¥9,473,511.10, a decrease of 90.84% compared to the previous year[7] - Cash and cash equivalents decreased by 14,501.66 million, a decline of 46.61%, primarily due to increased payments for wind power project construction and cash dividends during the reporting period[24] - Cash flow from investment activities showed a net outflow of ¥27,069.50 million, a decrease of 51.79% year-on-year[35] - Cash flow from financing activities decreased by ¥18,216.76 million, down 75.30% compared to the same period last year[37] - The company distributed a cash dividend of RMB 1.29 per 10 shares, totaling RMB 46,225,957.27, based on a total share capital of 358,340,754 shares[42] - The company signed a financing lease agreement for RMB 500 million with China Resources Leasing, with a financing term of 120 months[39] - The company plans to respond to the China Securities Regulatory Commission's feedback regarding its convertible bond issuance within 60 days[38] - Cash inflow from operating activities amounted to ¥974,223,242.40, up from ¥715,668,825.07, indicating a growth of about 36.1%[74] - The net cash flow from operating activities was -¥9,473,511.10, an improvement from -¥103,431,071.89 in the previous period[75] - Cash outflow from investing activities totaled ¥270,705,476.31, a decrease from ¥566,440,137.09, showing a reduction of approximately 52.3%[76] - The net cash flow from financing activities was ¥59,768,263.45, down from ¥241,935,870.51, representing a decline of about 75.2%[76] - The ending balance of cash and cash equivalents was ¥49,363,259.07, compared to ¥98,339,686.59 at the end of the previous period, a decrease of approximately 50.1%[76] Asset and Liability Management - Total liabilities increased by 67,867.81 million, a rise of 47.93%, primarily due to increased short-term borrowings and accounts payable[27] - Total current liabilities rose to CNY 1,974,089,848.60 from CNY 1,154,292,516.52, an increase of about 71.1%[50] - Total liabilities increased to CNY 2,094,672,362.30 from CNY 1,415,994,260.03, reflecting a growth of approximately 47.8%[50] - The company reported a significant increase in accounts payable, which rose to CNY 687,099,983.35 from CNY 387,015,837.14, an increase of approximately 77.5%[50] - Short-term borrowings increased by 35,204.42 million, up 80.85%, driven by funding needs for project construction and increased sales revenue[27] - Total current assets decreased slightly to CNY 1,815,083,057.51 from CNY 1,817,701,259.55 year-over-year[49] - Total non-current assets increased to CNY 2,516,443,239.37 from CNY 1,837,313,236.47, a growth of about 37.1%[49] - The total equity of the company as of Q3 2019 was CNY 1,922,847,315.80, compared to CNY 1,792,867,781.01 in the previous year, reflecting an increase of 7.3%[56] - The company's total liabilities increased to CNY 886,763,019.35, up from CNY 740,488,618.84, indicating a rise of 19.7% year-over-year[56] - The total assets of the company were CNY 3,655,014,496.02, showing a minor decrease of CNY 6,096,176.63[85] - The total liabilities and owner's equity combined equal CNY 2,533,356,399.85[89] Research and Development - Research and development expenses for Q3 2019 were CNY 15,414,108.80, slightly down from CNY 16,067,918.40 in Q3 2018, showing a decrease of 4.1%[58] - Research and development expenses were ¥44,624,519.64, up 19.7% from ¥37,302,990.87, indicating a focus on innovation[65]