DAWEI(002213)2019-10-24 16:00Financial Performance - Operating revenue for the reporting period was CNY 36,010,728.75, representing an increase of 84.14% year-on-year[7]. - Net profit attributable to shareholders was CNY 1,334,942.14, a significant increase of 865.57% compared to the same period last year[7]. - Basic earnings per share were CNY 0.0065, an increase of 828.57% compared to the same period last year[7]. - The company's net profit for Q3 2019 was not explicitly stated, but the increase in revenue suggests a positive trend in profitability[42]. - Net profit for Q3 2019 was CNY 1,312,176.12, significantly up from CNY 147,944.23 in Q3 2018, marking an increase of 786.5%[46]. - The total profit for the quarter was a loss of CNY 3,762,744.26, compared to a profit of CNY 3,052,313.29 in the same period last year[50]. - The total comprehensive income for Q3 2019 was CNY 1,312,176.12, compared to a loss of CNY 1,890,623.62 in Q3 2018[47]. - The total comprehensive income for the period was -CNY 3,800,595.34, a stark contrast to CNY 2,351,383.69 in the previous year[51]. Cash Flow - The net cash flow from operating activities was CNY 6,096,169.13, up 103.87% year-on-year[7]. - Net cash flow from operating activities improved by 95.27%, reaching RMB -6,293,183.49 compared to RMB -133,069,674.65 in the previous year[16]. - Cash inflow from operating activities totaled 111,638,170.18 CNY, while cash outflow was 117,931,353.67 CNY, resulting in a net cash flow deficit[58]. - The total cash and cash equivalents at the end of the period reached 106,530,931.44 CNY, up from 25,314,286.33 CNY in the previous period[59]. - Cash and cash equivalents increased by 223.63% to RMB 109,607,061.19 due to the recovery of a restructuring deposit from the previous year[15]. - The company reported a significant decrease in cash outflow for other operating activities, from 160,902,598.51 CNY to 15,720,597.69 CNY[58]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 424,021,609.84, a decrease of 0.89% compared to the end of the previous year[7]. - Total liabilities decreased to CNY 95,630,923.61 from CNY 132,123,767.64, showing a reduction in financial obligations[39]. - The company's equity attributable to shareholders was CNY 338,233,898.05, down from CNY 342,178,973.92 at the end of 2018[40]. - The company reported a total of CNY 340,630,804.26 in current assets, slightly down from CNY 342,923,892.71 at the end of 2018[32]. - Total assets decreased to CNY 433,864,821.66 from CNY 474,302,741.56 at the end of 2018, reflecting a reduction in overall asset base[40]. Shareholder Information - The total number of shareholders at the end of the reporting period was 13,914[11]. - The largest shareholder, Shenzhen Chuangtong Investment Development Co., Ltd., held 19.49% of the shares[11]. - The first major shareholder transferred 30,000,913 shares to a related party, increasing the total shares held to 40,146,515, representing 19.49% of total equity[19]. Expenses and Costs - Operating costs rose by 31.74% to RMB 60,820,008.57, primarily due to increased business volume from subsidiaries[15]. - Management expenses increased by 45.61% to RMB 19,656,128.79, attributed to personnel restructuring and new office leases[15]. - Research and development expenses for Q3 2019 were CNY 1,677,582.23, slightly up from CNY 1,659,687.23 in the previous year, indicating continued investment in innovation[42]. - Research and development expenses were CNY 4,405,497.91, slightly down from CNY 4,438,065.09 in the previous year, reflecting ongoing investment in innovation[54]. Investments and Subsidiaries - The company established a new subsidiary, Shenzhen Terjia Technology Incubator Co., Ltd., with a registered capital of RMB 1 million[17]. - A joint venture, Jiangsu Terjia Technology Co., Ltd., was formed with a registered capital of RMB 10 million, where the company holds a 60% stake[18]. - The company has invested CNY 12,000,000 in bank wealth management products, with no overdue amounts reported[27]. - The company has established joint ventures in Jiangsu and Wuhan, furthering its market presence and operational capabilities[21]. Governance and Compliance - The company has not reported any overdue commitments or non-compliance with external guarantees during the reporting period, indicating strong governance[23][24][25]. - The company has engaged in various shareholder activities, including share pledges and releases, reflecting ongoing financial management efforts[22]. - The company underwent organizational restructuring and accounting policy changes, which may impact future financial reporting and operational efficiency[21].