DFGC(000679)2019-10-30 16:00Financial Performance - Operating revenue for the reporting period was CNY 163,357,504.89, a decline of 43.48% compared to the same period last year[7]. - Net profit attributable to shareholders of the listed company was a loss of CNY 60,343,695.06, an increase in loss of 28.29% year-on-year[7]. - Basic earnings per share were -CNY 0.169, a decrease of 28.26% compared to the same period last year[7]. - Total operating revenue for Q3 2019 was CNY 163,357,504.89, a decrease of 43.4% compared to CNY 289,037,902.43 in the same period last year[42]. - Net loss for Q3 2019 was CNY 65,569,613.55, compared to a net loss of CNY 88,925,407.62 in Q3 2018, representing a 26.2% improvement[44]. - Total operating revenue for the period was ¥580,499,032.74, a decrease of 29.1% compared to ¥818,662,297.12 in the previous period[49]. - Net profit for the period was a loss of ¥157,211,262.78, compared to a loss of ¥169,996,630.96 in the previous period, showing an improvement of 7.5%[51]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,894,770,805.15, a decrease of 12.40% compared to the end of the previous year[7]. - Total current assets decreased to ¥3,893,028,956.45 from ¥4,570,292,250.06, a decline of approximately 14.8%[33]. - Total liabilities decreased to ¥4,031,486,684.72 from ¥4,554,939,940.85, a reduction of approximately 11.5%[34]. - The company's total liabilities decreased to CNY 2,547,372,554.95 from CNY 3,011,222,628.74, a reduction of 15.4%[40]. - Total assets decreased to CNY 3,698,581,578.39 from CNY 4,129,170,190.29, a decline of 10.4%[40]. - Total liabilities reached CNY 4,554,939,940.85, with current liabilities totaling CNY 4,014,267,582.12, including short-term borrowings of CNY 720,000,000.00 and accounts payable of CNY 263,105,492.27[68]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 120,952,808.40, an increase of 292.50%[7]. - The net cash flow from investment activities increased by 178.07% year-on-year, mainly due to the termination of the acquisition of part of the equity of Wuhan Credit Microloan Co., Ltd.[15]. - Cash inflows from operating activities totaled CNY 814,372,812.43, while cash outflows were CNY 693,420,004.03, resulting in a net cash flow from operating activities of CNY 120,952,808.40, a recovery from a negative cash flow of CNY 62,833,793.64 in the previous period[59]. - Cash inflows from financing activities were CNY 635,829,914.97, while cash outflows were CNY 1,278,645,351.17, resulting in a net cash flow from financing activities of -CNY 642,815,436.20, worsening from -CNY 322,088,190.76 in the previous period[60]. Shareholder Information - Net assets attributable to shareholders of the listed company were CNY 794,288,104.50, down 15.16% year-on-year[7]. - The total number of ordinary shareholders at the end of the reporting period was 23,538[11]. - The company's equity attributable to shareholders decreased to ¥794,288,104.50 from ¥936,269,040.56, a decline of approximately 15.2%[35]. Operational Efficiency - Operating costs decreased by 27.32% year-on-year, corresponding to the decrease in revenue recognized from the real estate sector[6]. - The company’s interest expenses decreased by 40.03% compared to the beginning of the period, mainly due to the repayment of bond interest[6]. - The company’s tax expenses decreased by 94.68% year-on-year, primarily due to a decrease in operating revenue and total profit[6]. - The company reported a significant reduction in financial expenses, totaling CNY 57,404,169.61, down 27.4% from CNY 79,100,148.77[42]. Future Outlook and Strategy - The company plans to apply for a comprehensive credit limit of up to 3 billion yuan from Wuhan Credit Investment Group to support its main business development[18]. - The company is actively negotiating debt settlement solutions with creditors to improve liquidity and recover receivables[18]. - The company is focusing on market expansion and new product development, although specific figures and timelines were not disclosed in the report[68]. - Future outlook includes potential mergers and acquisitions to enhance market position, though no specific targets were mentioned[68]. - The company is investing in new technologies to improve operational efficiency, with ongoing research and development initiatives[68].