YBTI(SH:600883)2019-10-30 16:00Financial Performance - Operating revenue decreased by 18.49% to CNY 20,137,684.01 for the first nine months compared to the same period last year[6]. - Net profit attributable to shareholders decreased by 32.56% to CNY 7,253,059.40 for the first nine months compared to the same period last year[6]. - Basic and diluted earnings per share decreased by 32.68% to CNY 0.0307[6]. - Operating profit decreased by 33.80% to 7,179,592.67 from 10,845,687.66, driven by rising costs in cement production leading to reduced gross profit[15]. - The total profit for Q3 2019 was 7,253,059.40, a decrease of 32.56% compared to 10,754,586.97 in Q3 2018[16]. - The net profit attributable to the parent company was 7,253,059.40, reflecting a decline of 32.56% from the previous year[16]. - The total comprehensive income attributable to the parent company decreased by 26.75%, amounting to 7,957,151.94 compared to 10,862,464.75 in Q3 2018[16]. - The net profit for Q3 2019 was 3,574,630.12, a slight decrease from 3,619,594.18 in the previous quarter, representing a decline of approximately 1.2%[36]. - The total profit for the quarter was reported at 3,574,630.12, which is a decrease of 0.1% from 3,619,594.18 in the previous quarter[37]. Assets and Liabilities - Total assets increased by 1.43% to CNY 698,245,569.92 compared to the end of the previous year[6]. - Cash and cash equivalents decreased by 67.79% to 80,861,959.92 from 251,029,902.93 due to the adjustment of structured deposits to be reported under trading financial assets[12]. - Trading financial assets increased by 100% to 247,029,660.57, reflecting the implementation of new financial standards[12]. - Other current assets decreased by 98.67% to 326,615.66 from 24,611,170.93, primarily due to the redemption of government bond reverse repurchase investments[14]. - Long-term prepaid expenses decreased by 86.67% to 9,093.41 from 68,241.98, attributed to the amortization of office renovation expenses[14]. - The company reported a net asset increase of 118.92% in capital reserves, rising to 8,044,840.45 from 3,674,861.71, reflecting equity adjustments based on shareholding ratios[14]. - The company’s total liabilities increased, with current liabilities totaling CNY 11,066,363.64 compared to CNY 8,669,799.31 in the previous year[28]. - Total liabilities as of September 30, 2019, were CNY 52,559,692.67, a decrease from CNY 53,571,678.38 at the end of 2018[32]. - The company’s accounts payable rose to CNY 1,301,458.48 from CNY 866,175.19 in the previous year[28]. Cash Flow - The company reported a net cash flow from operating activities of -CNY 5,633,025.25 for the first nine months[6]. - Cash flow from operating activities was -5,633,025.25, an improvement of 14,827,003.25 compared to -20,460,028.50 in the same period last year[17]. - The company reported a total cash outflow of 67,751,928.44 RMB in the third quarter, compared to 111,179,268.32 RMB in the same period last year[50]. - Cash inflow from investment activities was 2,214,192,664.79 RMB, down from 3,341,386,291.43 RMB year-over-year[48]. - The net cash flow from investment activities was -58,622,943.21 RMB, compared to -82,259,978.60 RMB in the previous year, indicating a reduction in losses[50]. Shareholder Information - The total number of shareholders reached 12,972 by the end of the reporting period[10]. - The largest shareholder, Shenzhen Derong Investment Development Co., Ltd., holds 17.15% of the shares[10]. - The company holds 71,806,365 shares of Xinjiang Zhonghe, representing a 6.9434% ownership stake following a non-public stock issuance[23]. Other Income and Expenses - Non-operating income for the first nine months totaled CNY 7,058,376.84, with significant contributions from government subsidies and investment income[8]. - Interest income fell by 66.67% to 1,711,318.48 from 5,134,944.31, as structured deposit interest was reclassified to investment income[15]. - Other income increased by 94.61% to 190,583.71 from 97,928.61, due to the transfer of deferred income to current profits[15]. - The company recorded an asset impairment loss of 521,029.05 for the quarter, compared to 50,968.81 in the previous quarter, showing a notable increase in losses[36]. Comprehensive Income - Other comprehensive income after tax increased significantly by 552.68%, reaching 704,092.54 compared to 107,877.78 in the same period last year[16]. - Other comprehensive income after tax for the quarter was 693,741.33, a significant increase from -13,145.08 in the previous quarter[37]. - The company’s total comprehensive income for Q3 2019 was ¥4,404,562.84, compared to ¥3,513,936.14 in Q3 2018, an increase of about 25.3%[43]. Investment Activities - The company’s investment in fixed assets and intangible assets increased by 34.03% to 62,016.00 compared to the previous year[18]. - The company confirmed a successful subscription for a special asset management plan with an investment of ¥60,000,000, with an investment balance of ¥61,150,895.64 at the end of the reporting period[20]. - The company holds structured deposits totaling ¥38,000,000 linked to gold, with a fair value change income of ¥537,830.14 recognized[21].