SONGZ(002454)2019-10-23 16:00Financial Performance - Operating revenue for the period was CNY 722,429,288.17, a decrease of 16.96% year-on-year[8] - Net profit attributable to shareholders increased by 924.04% to CNY 46,596,246.20 compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 385.00% to CNY 25,292,435.67[8] - Basic earnings per share increased by 641.29% to CNY 0.07[8] - The net profit for 2019 is expected to be positive, with a year-on-year increase of over 50%[18] - The estimated net profit attributable to shareholders for 2019 ranges from 13.66% to 42.08%[18] - The net profit for 2018 was 175,957,000 CNY, indicating a significant improvement in profitability for 2019[19] - The net profit for Q3 2019 reached ¥48,509,839.87, significantly up from ¥13,599,260.34 in Q3 2018, representing a year-over-year increase of 257.5%[43] - Operating profit increased significantly to $223.19 million, compared to $36.99 million in the previous period, marking a growth of 502.4%[50] - Net profit for the current period reached $207.66 million, up from $31.77 million, representing a year-over-year increase of 553.5%[51] Assets and Liabilities - Total assets decreased by 5.24% to CNY 5,592,184,875.21 compared to the end of the previous year[8] - Total current assets as of September 30, 2019, amounted to 3,624,073,635.31 CNY, down from 3,985,567,063.15 CNY at the end of 2018[29] - Total liabilities decreased from 2,319,081,816.80 CNY at the end of 2018 to 1,872,007,674.12 CNY by September 30, 2019[30] - The total equity as of September 30, 2019, was 3,720,177,201.09 CNY, compared to 3,582,192,402.77 CNY at the end of 2018[31] - The total assets as of the end of the reporting period were ¥4,372,992,156.39, slightly down from ¥4,432,594,573.73[35] - The total liabilities decreased to ¥956,275,348.06 from ¥1,185,826,873.27, indicating a reduction of approximately 19%[34] - The total equity increased to ¥3,416,716,808.33 from ¥3,246,767,700.46, showing a growth of about 5%[35] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 37,300,331.78, a decline of 139.48% compared to the previous year[8] - Cash flow from operating activities generated a net amount of $23.87 million, down from $202.83 million in the previous period[54] - The net cash flow from operating activities for Q3 2019 was ¥140,820,903.02, a decrease of 24.3% compared to ¥186,118,608.95 in Q3 2018[58] - The cash flow from financing activities showed a net outflow of -¥61,390,976.63, compared to -¥168,489,631.93 in the previous year, indicating a reduction in cash outflow by 63.5%[59] - The company’s cash flow from operating activities was impacted by a total cash outflow of ¥1,269,094,621.32, which was lower than ¥1,518,903,182.64 in the previous year, indicating a decrease of 16.4%[58] Investments and Expenses - Long-term equity investments grew by 164.28% due to investments in Liuzhou Guangsheng and Tianjin Yaxing Century[16] - Research and development expenses for the quarter were ¥47,395,263.44, up from ¥38,864,637.14, reflecting a 22% increase year-over-year[37] - Research and development expenses for the year-to-date period increased to ¥145,173,235.55, up from ¥133,734,264.08, reflecting a growth of 8.6%[46] - The company reported an investment income of ¥2,046,301.13, an increase from ¥1,786,474.95 in the previous year[38] - The total investment income for the year-to-date period was ¥5,344,043.17, slightly down from ¥5,950,298.24, reflecting a decrease of 10.2%[44] Other Comprehensive Income - Other comprehensive income rose by 111.39% mainly due to foreign currency translation differences[16] - Non-operating income surged by 2490.49% primarily from profits received from short-term trading by the former chairman[16] Operational Metrics - The total operating costs amounted to ¥678,838,070.32, down from ¥859,271,579.49, reflecting a reduction of approximately 21%[37] - The total operating revenue for the third quarter was ¥722,429,288.17, a decrease of 17% compared to ¥869,987,370.05 in the previous year[37] - The total cash inflow from investment activities was ¥1,134,953,826.78, significantly higher than ¥637,579,395.21 in the same period last year, marking an increase of 77.9%[58] - The company achieved a profit margin of approximately 14.8% in Q3 2019, compared to 3.4% in Q3 2018, indicating improved profitability[41]