CCYD(SH:600148)2016-10-28 16:00Financial Performance - Net profit attributable to shareholders increased by 187.60% to CNY 10,325,029.19 for the period from January to September[8] - Operating revenue rose by 7.26% to CNY 386,305,116.92 for the same period[8] - Basic earnings per share increased by 192% to CNY 0.073[9] - Weighted average return on net assets improved by 1.83 percentage points to 2.81%[9] - Net profit after deducting non-recurring gains and losses increased by 260.23% to CNY 10,582,757.62[8] - Total operating revenue for the third quarter reached ¥120,624,374.90, an increase of 22.2% compared to ¥98,724,370.20 in the same period last year[27] - Operating profit for the quarter was ¥11,062,067.23, a significant recovery from a loss of ¥2,201,509.72 in the previous year[29] - Net profit attributable to shareholders was ¥8,047,633.75, compared to a loss of ¥4,145,694.58 in the same quarter last year[30] - Year-to-date operating revenue for the first nine months was ¥386,305,116.92, up 7.2% from ¥360,160,682.58 in the same period last year[27] - Year-to-date net profit attributable to shareholders reached ¥10,325,029.19, an increase from ¥3,590,008.82 in the previous year[30] Assets and Liabilities - Total assets increased by 3.19% to CNY 862,763,243.44 compared to the end of the previous year[8] - Total assets increased to ¥862,763,243.44 from ¥836,132,359.51, reflecting a growth of approximately 3.2% year-over-year[23] - Current assets totaled ¥654,678,922.14, up from ¥625,273,869.19, indicating a rise of about 4.3%[22] - Total liabilities rose to ¥425,645,078.43 from ¥416,742,422.63, marking an increase of approximately 2.2%[22] - Owner's equity increased to ¥437,118,165.01 from ¥419,389,936.88, reflecting a growth of about 4.2%[23] - Total current assets amounted to CNY 108,181,209.10, down from CNY 144,056,227.98 at the beginning of the year[20] Cash Flow - Net cash flow from operating activities decreased by 51.91% to CNY 24,017,043.17[8] - Cash flow from operating activities for the year-to-date period was $188.31 million, down 17.3% from $227.79 million in the same period last year[39] - Net cash flow from operating activities improved to $13.32 million, compared to a loss of $1.17 million in the previous year[39] - Total cash outflow from operating activities was $174.99 million, down 23.5% from $228.96 million year-over-year[39] Expenses - Sales expenses increased by CNY 9,053,500.98, a growth of 30.84%, due to increased sales revenue from subsidiaries[16] - Management expenses rose to ¥18,232,593.22, compared to ¥14,378,110.48 in the previous year, indicating a 26.5% increase[27] - Sales expenses for the quarter increased to ¥9,812,701.09, up 14.0% from ¥8,602,261.95 in the same period last year[27] Inventory and Receivables - Inventory increased by CNY 25,998,490.39, a growth of 30.67%, attributed to increased sales and production[14] - Other receivables increased by CNY 4,916,538.62, a growth of 82.67% due to unreceived invoices for social insurance fees[14] - Accounts receivable rose to ¥146,220,746.53 from ¥124,034,738.89, indicating an increase of about 18%[24] Tax and Compliance - Tax payable decreased by CNY 5,462,678.41, a reduction of 61.07%, due to a decrease in VAT and corporate income tax balances[15] - The report is unaudited, ensuring the accuracy and completeness of the financial statements[6] - The company received $135,249 in tax refunds, compared to none in the previous year, indicating improved tax recovery[39] Future Outlook - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[24] - The company has not disclosed any new product developments or market expansion strategies in this report[7]