科信技术(300565) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 109,608,608.89, down 14.96% year-on-year, and down 41.95% compared to the beginning of the year[8]. - Net profit attributable to shareholders was a loss of CNY 22,001,433.36, a decrease of 732.72% year-on-year, and a loss of CNY 48,559,298.78 for the year-to-date, down 334.29%[8]. - Basic earnings per share were CNY -0.11, a decrease of 650.00% year-on-year, and diluted earnings per share were also CNY -0.11[8]. - The weighted average return on net assets was -3.09%, a decrease of 743.75% year-on-year[8]. - The total operating revenue for the current period is CNY 247,531,219.38, a decrease of approximately 42.0% compared to CNY 426,391,525.55 in the previous period[46]. - The net profit for the current period is a loss of CNY 48,559,298.78, compared to a profit of CNY 20,726,524.05 in the previous period[48]. - The total comprehensive income for the current period is a loss of CNY 48,611,352.78, compared to a profit of CNY 20,726,524.05 in the previous period[49]. - The total comprehensive loss for Q3 2019 was ¥22,037,713.34, compared to a comprehensive income of ¥3,477,255.85 in Q3 2018[41]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 940,062,209.12, a decrease of 8.06% compared to the end of the previous year[8]. - Total current assets decreased from CNY 682,855,129.21 as of December 31, 2018, to CNY 594,569,318.88 as of September 30, 2019, representing a decline of approximately 12.9%[29]. - Total liabilities decreased from CNY 283,581,586.60 to CNY 237,947,774.75, a decline of approximately 16.1%[31]. - Total equity attributable to shareholders decreased from CNY 738,888,053.94 to CNY 702,114,434.37, a reduction of about 4.9%[32]. - Total non-current assets rose from CNY 339,614,511.33 to CNY 345,492,890.24, an increase of about 1.6%[30]. - Total current liabilities decreased from CNY 267,551,486.13 to CNY 220,034,512.87, a reduction of about 17.8%[31]. - The company reported a significant increase in other receivables from CNY 7,135,204.72 to CNY 14,251,304.25, an increase of approximately 99.5%[29]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -80,043,802.67, an increase of 1.12% compared to the previous year[8]. - Cash and cash equivalents decreased by 37.69% compared to the beginning of the year, primarily due to a decline in sales volume during the reporting period[16]. - The net cash flow from investment activities was -102,425,219.17 CNY, a significant decrease from 193,806,102.73 CNY in the previous period[55]. - The cash outflow from financing activities was 45,678,391.88 CNY, compared to 24,113,352.12 CNY in the previous period, indicating increased financing costs[56]. - The net cash flow from financing activities was 9,378,867.83 CNY, an increase from 6,864,740.88 CNY in the previous period[56]. - The company experienced a net decrease in cash and cash equivalents of -173,061,599.13 CNY during the period, contrasting with an increase of 121,319,117.79 CNY in the previous period[56]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,285[12]. - The top three shareholders, Zhang Fengfeng, Chen Dengzhi, and Zeng Xianqi, collectively held 39.51% of the company's shares[12]. Expenses - Management expenses increased by 36.22% year-on-year, attributed to depreciation costs from the Shenzhen Longgang District project and increased intermediary fees related to acquisitions[17]. - Research and development expenses rose to ¥9,738,736.64, an increase of 23% from ¥7,920,990.02 in the previous year[39]. - The company's sales expenses for the current period are CNY 47,806,407.56, a decrease of approximately 18.5% from CNY 58,540,412.70 in the previous period[46]. - The company reported a significant increase in financial expenses, with a net financial expense of -CNY 4,241,574.15, compared to -CNY 2,576,781.86 in the previous period[46]. Strategic Initiatives - The company plans to acquire the communication power business from Efore Oyj for €3.5 million to expand its business boundaries and enhance global development[19]. - The company established a wholly-owned subsidiary in Hong Kong with an investment of HKD 10 million to strengthen international market cooperation[20]. - The company plans to issue up to CNY 300 million in non-public corporate bonds to broaden financing channels and meet funding needs[21].