DAAE(SH:600178)2018-10-26 16:00Financial Performance - Operating revenue for the first nine months was CNY 951,978,579.75, a decrease of 26.33% year-on-year [11]. - Net profit attributable to shareholders increased by 44.88% to CNY 66,084,999.04 compared to the same period last year [7]. - Investment income decreased by 65.72% to ¥9,747,950.86, while operating profit increased by 46.52% to ¥65,620,384.44, and net profit rose by 44.88% to ¥66,084,999.04 [12]. - The net profit for the period was ¥53,012,841.39, significantly up from ¥6,241,190.56 year-over-year, marking an increase of 749.5% [24]. - The company reported a total operating profit of ¥52,780,544.62, up from ¥5,745,759.14 in the previous year, representing an increase of 818.5% [24]. Assets and Liabilities - Total assets decreased by 11.11% to CNY 3,390,037,435.29 compared to the end of the previous year [7]. - The company’s total liabilities decreased by 24.66% to ¥1,458,592,335.92, reflecting a reduction in short-term borrowings and accounts payable [22]. - Total assets decreased by 11.11% to ¥3,390,037,435.29, mainly due to a reduction in accounts receivable [13]. - The total assets impairment loss was recorded at -¥71,133,168.00, which is a significant factor affecting the overall financial performance [24]. Cash Flow - The net cash flow from operating activities surged by 1,063.83% to CNY 147,419,294.03 year-to-date [7]. - The net cash flow from operating activities increased significantly by 1,063.83% to ¥147,419,294.03, attributed to reduced cash payments for goods and services [14]. - The cash and cash equivalents at the end of the period were ¥22,460,371.21, down from ¥96,799,877.36 at the end of the same period last year, indicating liquidity challenges [29]. - The company’s financing activities resulted in a net cash outflow of -¥181,670,129.06, compared to a net inflow of ¥21,144,764.84 in the previous year, highlighting changes in capital structure [29]. Shareholder Information - The total number of shareholders reached 41,082 by the end of the reporting period [9]. - The largest shareholder, China Changan Automobile Group Co., Ltd., holds 51.42% of the shares [9]. Research and Development - Research and development expenses increased by 19.69% to CNY 12,272,279.74 compared to the same period last year [11]. - The company reported a significant increase in research and development expenses, indicating a focus on innovation and new product development [12]. - Research and development expenses increased to ¥4,278,684.28 from a negative expense of -¥92,434.57 in the previous year, indicating a focus on innovation [24]. Operational Efficiency - Basic earnings per share rose by 44.88% to CNY 0.1430 compared to the previous year [7]. - The weighted average return on equity improved by 1.01 percentage points to 3.47% [7]. - The gross profit margin for the period was approximately 13.8%, down from 16.1% in the previous year, indicating increased cost pressures [24]. - Basic and diluted earnings per share were both reported at ¥0.11, consistent with the previous year’s performance [25]. Accounts Receivable and Prepayments - Accounts receivable decreased by 58.20% to ¥226,659,875.09, primarily due to a decline in sales revenue and an increase in the collection of prior debts [13]. - Prepayments increased by 86.65% to ¥2,184,211.24, indicating a rise in advance payments for engine orders [13].