KINGFA(SH:600143)2018-10-22 16:00Financial Performance - Net profit attributable to shareholders rose by 42.92% to CNY 654.29 million for the first nine months[6] - Operating revenue for the first nine months reached CNY 18.55 billion, an increase of 11.84% year-on-year[6] - Basic earnings per share increased by 42.91% to CNY 0.2408[7] - The net profit after deducting non-recurring gains and losses increased by 64.38% to CNY 414.55 million[6] - The company reported a total profit of ¥355,518,596.79 for Q3 2018, compared to ¥257,266,118.53 in Q3 2017, marking a 38.2% increase[31] - The net profit for Q3 2018 was ¥70,489,078.69, representing a growth of 98.1% from ¥35,535,173.95 in Q3 2017[34] - The total comprehensive income for the period was ¥316,955,943.97, compared to ¥212,881,155.98 in the previous year, reflecting a growth of 48.9%[34] Cash Flow - The net cash flow from operating activities improved significantly, with a net inflow of CNY 363.50 million compared to a net outflow of CNY 857.91 million in the same period last year, representing a 142.37% increase[6] - Net cash flow from operating activities improved by 142.37% to RMB 363,495,008.28, attributed to optimized payment policies and settlement tools[17] - The net cash flow from operating activities for Q3 2018 was ¥363,495,008.28, a significant improvement compared to a net outflow of ¥857,911,352.22 in the same period last year[38] - Total cash inflow from operating activities amounted to ¥16,758,503,936.58, while cash outflow was ¥16,395,008,928.30, resulting in a net increase of ¥363,495,008.28[38] - The net cash flow from operating activities for the first nine months was ¥463,279,563.46, a recovery from a net outflow of ¥811,972,951.01 in the previous year[40] Assets and Liabilities - Total assets increased by 8.32% to CNY 22.48 billion compared to the end of the previous year[6] - Current assets totaled ¥12,012,686,450.12, compared to ¥11,329,698,525.46, reflecting a growth of about 6.0%[24] - Total liabilities reached ¥12,050,859,891.70, up from ¥10,703,446,419.60, indicating an increase of about 12.6%[23] - The company's equity attributable to shareholders rose to ¥10,305,361,434.61 from ¥9,924,900,141.95, a growth of approximately 3.8%[24] - The total non-current assets increased to ¥10,464,334,580.23 from ¥9,420,441,017.00, representing an increase of about 11.1%[22] Shareholder Information - The company reported a total of 84,399 shareholders at the end of the reporting period[10] - The top shareholder, Yuan Zhimin, holds 18.79% of the shares, amounting to 510,380,393 shares[11] Investments and Expenses - Long-term equity investments rose by 99.97% to RMB 1,504,008,620.31, mainly due to increased investment in Guangdong Jinao Commercial Factoring Co., Ltd.[13] - Research and development expenses for Q3 2018 amounted to ¥244,854,685.81, slightly up from ¥238,141,882.60 in Q3 2017[30] - Financial expenses rose by 51.59% to RMB 375,133,642.43, mainly due to exchange losses and increased interest expenses from short-term borrowings[16] - The company reported a 95.73% decline in investment income to RMB 2,993,742.63, due to the previous year's gain from the sale of a subsidiary's equity[16] Future Plans - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[31] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[34]