HISUN(SH:600267)2018-10-29 16:00Financial Performance - Net profit attributable to shareholders rose by 39.19% to CNY 7.11 million for the year-to-date period[6] - Operating revenue decreased by 4.55% to CNY 7.80 billion for the year-to-date period[6] - The company reported a net loss of CNY 108.75 million after deducting non-recurring gains and losses[6] - Basic and diluted earnings per share increased by 40.00% to CNY 0.007[7] - Total operating revenue for Q3 2018 was ¥2,473,273,802.29, a decrease of 7.4% compared to ¥2,671,124,606.81 in Q3 2017[29] - Net profit for Q3 2018 was ¥24,838,042.92, a decline of 39.3% from ¥40,880,215.68 in Q3 2017[32] - The net profit attributable to the parent company was a loss of ¥7.73 million in Q3 2018, compared to a loss of ¥8.39 million in Q3 2017[34] - The total comprehensive income attributable to the parent company was a loss of ¥8.80 million in Q3 2018, compared to a loss of ¥7.18 million in Q3 2017[34] Assets and Liabilities - Total assets increased by 2.43% to CNY 22.16 billion compared to the end of the previous year[6] - The company's current assets totaled CNY 6.67 billion, down from CNY 6.94 billion at the beginning of the year, indicating a decrease of about 3.9%[21] - The total liabilities increased to CNY 14.28 billion from CNY 13.76 billion, reflecting a rise of approximately 3.8%[22] - Short-term borrowings rose to CNY 5.79 billion, compared to CNY 5.28 billion at the beginning of the year, marking an increase of about 9.6%[22] - Total liabilities reached ¥6,179,120,503.37, up from ¥5,872,530,796.22 in the same period last year[27] Cash Flow - Net cash flow from operating activities increased by 49.62% to CNY 961.73 million for the year-to-date period[6] - Operating cash flow for Q3 2018 was CNY 961.73 million, an increase of 49.6% compared to CNY 642.78 million in Q3 2017[41] - Total cash inflow from operating activities was CNY 7.66 billion, down 5.9% from CNY 8.14 billion in the same period last year[41] - Cash outflow from operating activities was CNY 6.70 billion, a decrease of 10.6% compared to CNY 7.50 billion in Q3 2017[41] - Cash inflow from financing activities was CNY 6.33 billion, up 4.2% from CNY 6.07 billion in Q3 2017[42] Shareholder Information - The total number of shareholders reached 33,341 at the end of the reporting period[10] - The largest shareholder, Zhejiang Haizheng Group Co., Ltd., holds 33.22% of the shares[10] Government Support and Other Income - Government subsidies recognized in the current period amounted to CNY 112.73 million[8] - Other income increased by 226.82% to CNY 112,726,326.81 due to increased government subsidies received[14] Expenses - Sales expenses increased by 66.56% to CNY 1,786,611,058.31 due to higher marketing costs[13] - Research and development expenses for Q3 2018 were ¥106,674,930.69, compared to ¥98,940,247.11 in Q3 2017, reflecting a growth of 7.8%[31] - The sales expenses for Q3 2018 were ¥316.55 million, significantly higher than ¥122.58 million in Q3 2017, indicating a 158% increase[37] Investments - Investment income increased by 173.33% to CNY 42,821,581.98 from the disposal of equity in INS[14] - Cash recovered from investments increased by 77.77% to CNY 871,050,000.00 from investment products[14] - The company approved a bond financing plan for its subsidiary, with an issuance amount of up to CNY 500 million, of which CNY 200 million has been applied for[20] Changes in Assets - Other receivables decreased by 34.36% to CNY 73,891,382.57 due to the recovery of loans from a subsidiary[13] - Other current assets decreased by 53.39% to CNY 388,373,839.31 primarily due to the VAT refund received by a subsidiary[13] - Deferred tax assets increased by 84.60% to CNY 124,517,085.89 due to adjustments in tax period differences[13]