Sytech(SH:600183)2018-10-29 16:00Financial Performance - Operating revenue for the period was CNY 8,973,958,831.17, representing a year-on-year increase of 16.12%[6] - Net profit attributable to shareholders was CNY 810,108,138.66, a slight increase of 0.43% compared to the same period last year[6] - The company reported a net profit margin improvement, with net profit for the first nine months of 2018 reaching ¥8,973,958,831.17, compared to ¥7,727,997,444.85 in the same period last year[24] - Net profit for Q3 2018 reached CNY 293,521,233.10, up from CNY 278,502,050.24 in the same period last year, representing a growth of 4.0%[26] - The company reported a total profit of CNY 343,865,553.08 for Q3 2018, compared to CNY 329,168,368.12 in Q3 2017, indicating a growth of 4.9%[26] - The company reported a total profit of ¥205,292,589.84 in Q3 2018, slightly down from ¥218,546,402.90 in Q3 2017[30] Cash Flow - Net cash flow from operating activities reached CNY 764,624,768.33, up 176.96% year-on-year[6] - The net cash flow from operating activities was 764,624,768.33 RMB, significantly up from 276,080,261.09 RMB in the previous year[13] - Operating cash inflow for the year-to-date reached ¥4,593,581,742.83, an increase of 11.5% compared to ¥4,119,819,661.20 in the previous year[37] - Net cash flow from operating activities was ¥394,704,491.75, up 50% from ¥263,395,522.61 year-on-year[37] - Cash inflow from investment activities totaled ¥524,704,834.24, significantly higher than ¥66,686,462.87 in the same period last year[38] - Cash received from investment income was ¥524,470,482.75, a substantial increase from ¥66,003,376.13 year-on-year[37] Assets and Liabilities - Total assets at the end of the reporting period were CNY 12,665,753,908.20, a decrease of 1.36% compared to the end of the previous year[6] - The company reported a significant decrease of 57.91% in cash and cash equivalents, primarily due to investments in special projects funded by convertible bonds[11] - Total assets as of September 30, 2018, amounted to ¥9,705,399,802.04, compared to ¥9,571,298,064.95 at the beginning of the year, showing a growth of 1.4%[22] - Total liabilities decreased to ¥4,007,004,708.35 from ¥4,283,148,848.16, a reduction of 6.4%[22] - The company’s capital reserve dropped by 49.43% to 646,676,717.25 RMB due to the conversion of capital reserves into share capital[12] Shareholder Information - The number of shareholders at the end of the reporting period was 60,126[9] - The top ten shareholders held a total of 1,000,000,000 shares, accounting for 47.62% of the total shares[9] Expenses - Financial expenses surged by 138.78% to 138,897,893.83 RMB, primarily due to convertible bond interest and foreign exchange losses[12] - Research and development expenses for Q3 2018 amounted to CNY 126,002,302.78, an increase of 9.3% from CNY 115,032,877.94 in Q3 2017[29] - Total operating costs for Q3 2018 were CNY 2,862,702,321.99, compared to CNY 2,566,810,227.80 in Q3 2017, reflecting an increase of 11.5%[25] - The tax expenses for Q3 2018 were CNY 50,344,319.98, slightly down from CNY 50,666,317.88 in Q3 2017, indicating a decrease of 0.6%[26] Investments and Projects - The company reported a 190.68% increase in construction in progress, totaling 858,542,645.56 RMB, due to capacity optimization and expansion projects[12] - Prepayments increased by 55.23% to CNY 11,077,964.58, mainly due to higher prepayments for natural gas[11] - The company’s total assets impairment loss for Q3 2018 was CNY 1,810,289.04, compared to CNY 1,124,762.84 in Q3 2017, reflecting a significant increase of 60.9%[25] - The company’s total cash inflow from operating activities for the first nine months was ¥8,046,093,426.79, an increase from ¥6,902,132,386.61 in the previous year[33] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[24]