Hunan (SH:600476)2018-10-26 16:00Financial Performance - Net profit attributable to shareholders decreased by 551.11% to a loss of CNY 10,891,148.52 for the first nine months[5] - Basic earnings per share dropped by 553.33% to -0.068 CNY per share[5] - Net profit decreased by 551.19% to -¥10,891,506.04 attributed to changes in product sales structure and lower gross margins[13] - Operating profit fell by 588.02% to -¥10,751,429.79 due to a different product sales structure compared to the previous year[13] - The company reported a net loss of CNY 116,020,599.52, worsening from a loss of CNY 105,172,168.02 in the previous period[24] - The company’s total profit for the first nine months of 2018 was a loss of ¥10,848,431.50, compared to a profit of ¥2,458,504.52 in the same period last year[32] Revenue and Income - Operating revenue for the first nine months increased by 2.50% to CNY 170,386,313.68 compared to the same period last year[5] - Non-operating income for the first nine months amounted to CNY 3,686,948.61, primarily from government subsidies[6] - Other income for the first nine months was CNY 3,827,076.78, compared to CNY 3,035,300.00 in the previous year, an increase of 26.1%[27] - The company reported a total revenue of ¥73,644,414.24 for Q3 2018, a decrease of 5.5% compared to ¥78,010,083.04 in Q3 2017[32] Assets and Liabilities - Total assets increased by 25.20% to CNY 512,331,623.33 compared to the end of the previous year[5] - Total assets increased to ¥512,331,623.33 from ¥409,210,319.42, reflecting overall growth in the company's financial position[18] - Total assets increased to CNY 522,261,397.48 from CNY 418,858,019.03, representing a growth of approximately 24.7%[23] - Current assets rose to CNY 434,615,756.30, up from CNY 329,895,970.78, indicating a 31.8% increase[23] - Total liabilities increased to CNY 327,057,464.79 from CNY 212,805,654.84, reflecting a rise of 53.5%[24] Cash Flow - Net cash flow from operating activities improved to CNY 15,116,319.68 from a negative CNY 53,788,454.85 in the previous year[5] - The cash inflow from operating activities for the period from January to September was ¥218,810,167.05, an increase of 52.7% compared to ¥143,225,297.13 in the same period last year[39] - The net cash flow from operating activities was ¥15,116,319.68, a significant improvement from a net outflow of ¥53,827,055.95 in the previous year[39] - The cash inflow from financing activities increased to ¥180,000,000.00, up from ¥140,000,000.00, marking a growth of 28.6%[39] - The cash and cash equivalents at the end of the period reached ¥93,739,690.55, compared to ¥45,902,740.70 at the end of the same period last year, indicating a substantial increase[40] Expenses - R&D expenses increased by 37.61% to ¥2,153,327.85 due to higher investment in research and development[10] - Financial expenses rose by 33.71% to ¥5,708,175.70 primarily due to an increase in loan scale[10] - Operating costs increased to CNY 184,980,747.03 from CNY 167,795,591.57, marking a rise of 10.2%[27] - The total operating costs for Q3 2018 were ¥70,170,349.45, an increase from ¥65,625,915.20 in Q3 2017[32] Shareholder Information - The total number of shareholders reached 25,939 at the end of the reporting period[8] - The top three shareholders held a combined 43.59% of the shares, with Beijing Zhongyou Asset Management Co., Ltd. holding 32.98%[8]