SCAM(SZ:300554)2019-10-25 16:00Financial Performance - Operating revenue for the reporting period was ¥58,235,610.19, representing a 6.24% increase year-on-year[8] - Net profit attributable to shareholders increased by 382.79% to ¥5,918,744.35 for the reporting period[8] - Basic earnings per share rose by 382.14% to ¥0.0632[8] - The company reported a year-to-date net profit decrease of 80.72% to ¥12,237,343.39[8] - Revenue declined by 39.12% to ¥166,353,819.79 due to a decrease in product prices and sales volume[16] - Net profit decreased by 80.72% to ¥12,237,343.39, attributed to a reduction in total profit[16] - Total operating revenue for the current period reached ¥58,235,610.19, an increase of 6.5% compared to ¥54,813,820.63 in the previous period[41] - Net profit for the current period was ¥5,918,744.35, a significant recovery from a net loss of ¥2,092,980.30 in the previous period[42] - Total operating revenue for the period was ¥166,353,819.79, a decrease of 39.1% compared to ¥273,244,564.07 in the previous period[47] - Net profit for the period was ¥12,237,343.39, a decline of 80.7% from ¥63,477,079.22 year-over-year[49] Assets and Liabilities - Total assets increased by 28.40% to ¥920,926,552.24 compared to the end of the previous year[8] - Cash and cash equivalents increased by 495.77% to ¥285,694,811.92 due to an increase in short-term borrowings[16] - Accounts receivable decreased by 34.47% to ¥63,895,327.54 as a result of increased collections[16] - Current liabilities surged to CNY 404,695,408.45, up from CNY 205,560,296.12, reflecting a significant increase of approximately 96.7%[33] - The company's total liabilities amounted to CNY 418,157,151.70, compared to CNY 217,133,496.47, showing an increase of approximately 92.6%[33] - The total current assets rose to ¥576,027,131.37, up from ¥436,255,357.70, indicating an increase of approximately 32%[31] - The equity attributable to shareholders increased to CNY 502,769,400.54 from CNY 500,102,637.23, a slight rise of about 0.5%[34] Cash Flow - Cash flow from operating activities increased by 127.74% to ¥88,930,038.59 year-to-date[8] - The net cash flow from operating activities for Q3 2019 was ¥88,930,038.59, a significant increase from ¥39,048,102.69 in Q3 2018, representing a growth of approximately 127.5%[57] - Total cash inflow from operating activities reached ¥262,449,882.30, compared to ¥238,888,309.58 in the previous year, indicating a year-over-year increase of about 9.5%[57] - The net cash flow from financing activities was ¥133,234,025.25, compared to ¥8,217,683.34 in the previous year, indicating a significant increase of approximately 1,525%[58] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,259[12] - The largest shareholder, Zou Yuyiao, holds 39.75% of the shares[12] - Nanjing San Chao New Materials Co., Ltd. reported a shareholding of over 5% by Liu Jianxun, with a commitment to comply with relevant laws and regulations for any future share transfers[20] - The total shareholding of Suzhou Kaifeng Wansheng Venture Capital Partnership and Horgos Kaifeng Jinqi Venture Capital Co., Ltd. is 9.59%[20] Research and Development - Research and development expenses decreased by 36.23% to ¥12,688,493.50, indicating reduced investment in R&D[16] - The company is investing in R&D for new technologies, with an allocation of 100 million RMB for the development of advanced materials[19] - Research and development expenses decreased to ¥4,346,193.36 from ¥5,073,981.82, indicating a reduction of approximately 14.4%[41] Future Outlook and Strategy - The company plans to expand its market presence and invest in new product development as part of its future strategy[18] - Future outlook indicates a projected revenue growth of 10% for Q4 2019, driven by new product launches and market expansion strategies[19] - The company plans to introduce three new products in Q4 2019, expected to contribute an additional 200 million RMB in revenue[19] - The company plans to continue focusing on market expansion and new product development to drive future growth[42] Compliance and Governance - The company has committed to repurchase shares if any misleading statements are confirmed, ensuring investor protection[26] - The company will announce any share reduction intentions at least three trading days in advance through the Shenzhen Stock Exchange[21] - The company has committed to ensuring that the controlling shareholder fulfills their obligation to increase shareholding as per the stabilization plan[24]