TFE(SH:600237)2018-10-25 16:00Financial Performance - Operating revenue increased by 9.00% to CNY 651,395,052.65 for the period from January to September[7] - Net profit attributable to shareholders decreased by 50.57% to CNY 4,284,966.03 compared to the same period last year[7] - The company reported a significant increase in net profit from recurring operations, reaching CNY 1,327,561.28, compared to a loss of CNY -1,349,305.16 in the previous year[7] - Total operating revenue for Q3 2018 reached ¥199,012,981.73, a 2.4% increase from ¥194,292,337.33 in Q3 2017[24] - Net profit for the first nine months of 2018 was ¥4,025,887.40, compared to ¥8,749,720.25 in the same period of 2017, indicating a decline of 54%[25] - Operating revenue for the first nine months of 2018 was CNY 428,682,040.93, an increase of 4.1% from CNY 411,281,117.30 in the same period last year[28] - Operating profit for the first nine months of 2018 was CNY 2,925,118.64, a significant recovery from a loss of CNY -8,226,125.53 in the same period last year[28] - Net profit for the first nine months of 2018 was CNY 3,262,172.20, compared to a net loss of CNY -8,156,266.50 in the same period last year[29] Cash Flow - The net cash flow from operating activities was negative at CNY -56,621,731.59, worsening from CNY -29,518,943.50 in the previous year[13] - Operating cash flow for the first nine months of 2018 was negative at -56,621,731.59 RMB, compared to -29,518,943.50 RMB in the same period last year[32] - Total cash inflow from operating activities was 611,896,436.37 RMB, while cash outflow was 668,518,167.96 RMB, resulting in a net cash flow from operating activities of -56,621,731.59 RMB[32] - Investment activities generated a net cash flow of -54,599,109.75 RMB, with cash inflows of 2,465,010.73 RMB and outflows of 57,064,120.48 RMB[33] - Financing activities resulted in a net cash flow of -22,974,017.91 RMB, with cash inflows of 250,000,000.00 RMB and outflows of 272,974,017.91 RMB[33] Assets and Liabilities - Total assets decreased by 3.92% to CNY 1,935,102,886.45 compared to the end of the previous year[7] - Total assets as of September 30, 2018, amounted to CNY 1,935,102,886.45, down from CNY 2,014,050,394.45 at the beginning of the year[18] - Total liabilities decreased from CNY 742,960,387.73 at the beginning of the year to CNY 659,986,992.34[19] - The total assets as of Q3 2018 amounted to ¥1,743,735,651.99, down from ¥1,789,510,606.89 at the end of Q3 2017[22] - Current liabilities totaled ¥508,724,034.43, a decrease from ¥556,994,859.05 in the previous year[22] - Non-current liabilities decreased to ¥12,350,329.11 from ¥13,116,631.59 year-over-year[22] - The company's total equity increased slightly to ¥1,222,661,288.45 from ¥1,219,399,116.25 in the previous year[22] Expenses - Financial expenses decreased by 42.47% compared to the same period last year, mainly due to increased exchange gains from the appreciation of the US dollar[14] - Research and development expenses for Q3 2018 were ¥6,654,599.32, down from ¥10,036,828.15 in Q3 2017, a decrease of 33.6%[25] - Research and development expenses for Q3 2018 were CNY 5,571,773.70, down 47.6% from CNY 10,632,791.36 in Q3 2017[28] - The company reported a decrease in sales expenses to CNY 3,181,419.86 in Q3 2018 from CNY 2,173,771.61 in Q3 2017[28] - The company’s financial expenses for the first nine months of 2018 were CNY 10,615,213.99, down from CNY 12,707,562.69 in the same period last year[28] Income and Other Financial Metrics - Other income decreased by 83.60% year-on-year, primarily due to a reduction in government subsidies received during the period[14] - Investment income decreased by 132.18% year-on-year, mainly due to dividends received from Huizhou Bank in the previous year[14] - Asset impairment losses increased by 217.21% year-on-year, primarily due to the reversal of inventory write-downs in the previous year[14] - The company achieved a total comprehensive income of CNY 1,433,744.33 in Q3 2018, compared to CNY 2,371,084.66 in Q3 2017[29] - Basic and diluted earnings per share were both CNY -0.0018 for Q3 2018, compared to CNY 0.0042 in Q3 2017[27]