SYG(SZ:300740)2019-10-28 16:00Financial Performance - Operating revenue for the reporting period was CNY 603,614,109.11, down 3.48% year-on-year[11]. - Net profit attributable to shareholders of the listed company was CNY 1,547,226.44, a significant decrease of 96.57% compared to the same period last year[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -2,422,902.37, a decline of 106.09%[11]. - Basic earnings per share were CNY 0.0040, down 97.29% year-on-year[11]. - The weighted average return on net assets was 0.14%, a decrease of 3.20% compared to the previous year[11]. - The total operating revenue for the current period was ¥603,614,109.11, a decrease of 3.7% from ¥625,348,100.73 in the previous period[100]. - Net profit for the current period was ¥1,239,053.28, a significant decline of 97.2% compared to ¥44,658,225.65 in the previous period[103]. - The total comprehensive income for the current period was ¥7,278,154.48, down from ¥48,804,813.79, a decline of 85.1%[107]. - The company reported a total profit of ¥2,687,537.54, a decrease from ¥136,626,994.48 in the previous period[121]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,870,454,368.60, a decrease of 1.72% compared to the end of the previous year[11]. - Total liabilities rose from ¥507,054,515.32 to ¥667,090,641.41, an increase of approximately 31.5%[86]. - Total equity attributable to shareholders decreased from ¥1,399,643,233.23 to ¥1,205,606,409.53, a decline of approximately 13.9%[89]. - Cash and cash equivalents decreased from ¥248,682,723.81 to ¥101,621,146.39, a decline of approximately 59.2%[90]. - Total current assets decreased from ¥1,687,359,269.15 to ¥1,639,249,052.32, a decline of approximately 2.1%[83]. - Total non-current assets increased from ¥215,780,871.13 to ¥231,205,316.28, an increase of approximately 7.1%[83]. - Current liabilities increased significantly from ¥470,982,434.40 to ¥639,127,671.93, an increase of approximately 35.7%[86]. Cash Flow - The net cash flow from operating activities was CNY -251,545,455.56, a decrease of 631.47% compared to the same period last year[11]. - The cash flow from operating activities generated a net outflow of -251,545,455.56, worsening from -34,389,234.69 in the previous period[1]. - Cash inflow from sales of goods and services was 1,814,502,548.56, an increase from 1,551,286,800.89 in the previous period[1]. - The ending balance of cash and cash equivalents was $46,686,019.32, down from $239,592,723.81 at the beginning of the period[172]. Shareholder Actions and Commitments - The company plans to repurchase shares with a total amount not less than RMB 125 million and not exceeding RMB 250 million, with a repurchase price cap of RMB 20.3 per share[40]. - The company repurchased a total of 23.96 million shares, accounting for 5.83% of the total share capital, with a total payment of RMB 208.99 million[43]. - The company announced a share repurchase plan with multiple disclosures from May 22, 2019, to August 21, 2019, indicating a progressive increase in repurchased shares reaching 5% by July 25, 2019[44]. - The company has committed to not providing financial assistance for equity acquisition under the incentive plan, effective from April 19, 2019, ensuring strict compliance[44]. - The company has established a clear strategy for managing shareholder commitments and ensuring compliance with regulatory requirements[47]. Market and Growth Strategies - The company reported a significant increase in revenue for Q3 2019, reaching a total of 1.5 billion RMB, representing a 25% year-over-year growth[64]. - The company is expanding its market presence in Southeast Asia, targeting a 15% market share by the end of 2020[64]. - New product launches included two innovative skincare lines, projected to contribute an additional 200 million RMB in revenue over the next year[64]. - The company plans to explore potential acquisitions in the beauty sector to diversify its product offerings and strengthen market position[67]. - The management emphasized a commitment to sustainability, with plans to reduce packaging waste by 20% by 2021[64]. Research and Development - Research and development investments increased by 10% in Q3 2019, focusing on new technology for product formulation[64]. - Research and development expenses were ¥11,714,177.50, slightly up from ¥11,664,971.10, indicating a stable investment in innovation[100]. - Research and development expenses were ¥33,935,161.15, slightly up from ¥33,751,446.26 in the previous period[118]. Related Party Transactions - The company has established detailed regulations regarding related party transactions, adhering strictly to its articles of association and shareholder meeting rules[53]. - The company will ensure that any unavoidable related party transactions are conducted at fair market prices and properly disclosed[56]. - The company has committed to maintaining compliance with relevant laws and regulations regarding related party transactions[56].