NEWU(SZ:300472)2019-10-29 16:00Financial Performance - Operating revenue decreased by 34.04% to CNY 73,822,376.84 for the current period, and by 11.70% to CNY 301,802,089.16 year-to-date[8] - Net profit attributable to shareholders decreased by 43.04% to CNY 3,071,755.44 for the current period, while it increased by 26.22% to CNY 25,328,985.38 year-to-date[8] - Basic earnings per share dropped by 75.00% to CNY 0.01 for the current period, and decreased by 20.00% to CNY 0.12 year-to-date[8] - Operating profit increased by 38.07% to ¥37,861,729.07 from ¥27,422,379.59 due to increased gross profit from certain products[16] - Total profit increased by 38.35% to ¥37,961,761.94 from ¥27,438,238.52 due to increased gross profit from certain products[16] - The company's total operating revenue for the third quarter was CNY 13,080,897.77, a decrease of 74.8% compared to CNY 51,959,270.71 in the same period last year[40] - Operating profit for the quarter was CNY 983,832.50, down 86.0% from CNY 7,008,663.02 year-over-year[40] - The net profit for the third quarter was a loss of CNY 153,468.69, compared to a profit of CNY 6,373,148.22 in the previous year[41] - Total operating costs for the quarter were CNY 8,267,663.03, a decrease of 80.3% from CNY 41,925,472.79 year-over-year[40] Cash Flow and Liquidity - The net cash flow from operating activities increased by 73.79% to CNY 11,116,238.95 year-to-date[8] - Cash and cash equivalents decreased by 48.08% to ¥37,150,345.60 from ¥71,552,708.48 due to cash used for investments[16] - The net cash flow from operating activities for the current period is CNY 37,416,860.76, a significant increase compared to CNY 1,339,088.36 in the previous period, reflecting a strong operational performance[54] - The total cash inflow from operating activities is CNY 87,357,640.25, compared to CNY 97,439,573.55 in the previous period, showing a decline of approximately 10.7%[54] - The ending balance of cash and cash equivalents is CNY 13,820,962.33, down from CNY 21,791,616.93 in the previous period, indicating a decrease in liquidity[56] - Cash outflow for purchasing goods and services is CNY 12,190,680.14, significantly lower than CNY 56,041,994.47 in the previous period, indicating cost control measures[54] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,312[12] - The top shareholder, Zhu Yesheng, holds 8.56% of the shares, amounting to 17,880,043 shares[12] - The company did not engage in any repurchase transactions during the reporting period[13] Assets and Liabilities - Total assets increased by 1.04% to CNY 1,576,042,527.86 compared to the end of the previous year[8] - The company's total liabilities decreased to CNY 166,930,743.39 from CNY 227,930,138.94 in the previous period[33] - The equity attributable to shareholders of the parent company was CNY 1,160,687,276.28, slightly down from CNY 1,161,317,157.87[34] - Cash and cash equivalents decreased to CNY 15,409,832.66 from CNY 24,033,473.74[31] - Accounts receivable decreased to CNY 152,766,512.53 from CNY 186,616,668.12[31] - Inventory decreased to CNY 43,124,650.95 from CNY 66,746,623.67[31] Research and Development - Research and development expenses amounted to CNY 1,771,571.65, a decrease of 25.6% from CNY 2,384,567.13 in the same quarter last year[40] - Research and development expenses for Q3 2019 were ¥5,255,602.55, a decrease of 21.4% from ¥6,687,357.44 in Q3 2018[48] Financial Standards and Audit - The company has not undergone an audit for the third quarter report, which may affect stakeholder confidence in the reported figures[59] - The company has implemented new financial instrument standards, which may impact the classification and measurement of financial assets[57]