FFEC(SH:600203)2018-10-24 16:00Financial Performance - Operating revenue for the first nine months rose by 21.25% to CNY 7,330,610,410.85 year-on-year[6] - Net profit attributable to shareholders decreased by 63.38% to CNY 19,775,467.85 compared to the same period last year[6] - Basic earnings per share dropped by 66.67% to CNY 0.04 per share[7] - The weighted average return on equity decreased by 1.45 percentage points to 0.97%[7] - The company reported a significant increase in non-operating income, totaling CNY 9,789,135.09 for the current period[8] - The net profit attributable to the parent company decreased by 63.38% to ¥19,775,467.85, attributed to declining gross margins and rising expenses[12] - The net profit for Q3 2018 was -5,898,537.23, compared to a profit of 44,831,718.62 in the same quarter last year, indicating a significant decline[29] - The total profit before tax for Q3 2018 was -8,786,003.06, down from 47,568,712.82 in Q3 2017, indicating a significant downturn in pre-tax profitability[29] - The total profit for Q3 2018 was a loss of ¥10,236,533.72, compared to a loss of ¥8,623,561.10 in the previous year, showing a decline in profitability[32] Cash Flow and Liquidity - The net cash flow from operating activities for the first nine months was CNY -575,091,830.83, a significant decline from CNY -199,823,229.20 in the previous year[6] - The cash received from tax refunds increased by 43.85%, totaling 298,609,310.18 RMB compared to 207,584,841.60 RMB in the previous period[13] - The total cash inflow from financing activities was 2,530,818,151.75 RMB, a 219.19% increase from 792,887,465.87 RMB in the previous period[14] - The cash outflow for debt repayment increased by 332.19%, totaling 2,012,097,970.39 RMB compared to 465,560,856.66 RMB in the previous period[14] - The cash inflow from operating activities for the first nine months of 2018 was ¥7,397,256,351.06, compared to ¥7,062,027,923.94 in the previous year, showing an increase of 4.7%[36] - The company reported a cash outflow of 11,854,254.13 RMB related to other operating activities in the first nine months[40] - The net increase in cash and cash equivalents for Q3 2018 was -23,813,428.33 RMB, reflecting ongoing liquidity challenges[41] Assets and Liabilities - Total assets increased by 36.73% to CNY 7,307,681,996.51 compared to the end of the previous year[6] - Accounts receivable increased by 98.07% to ¥2,563,963,710.31, primarily due to increased sales revenue from subsidiaries[11] - Inventory rose by 68.73% to ¥1,797,456,498.01, driven by increased procurement related to sales growth[11] - Short-term borrowings increased by 63.45% to ¥925,868,531.41, reflecting higher bank loans at both the parent and subsidiary levels[11] - Total liabilities increased significantly, with accounts payable rising by 75.22% to ¥3,567,200,606.39, driven by increased procurement[11] - Current liabilities rose to ¥5,043,229,279.21, compared to ¥3,114,648,101.02 at the start of the year, indicating a 62% increase[21] - Total liabilities reached ¥5,201,546,643.36, up from ¥3,218,610,471.91, marking a 62% rise[21] Research and Development - Research and development expenses increased by 40.71% to ¥199,988,921.23, mainly due to higher R&D costs at the subsidiary level[12] - Research and development expenses increased to 76,582,033.72 in Q3 2018, up from 53,759,147.84 in Q3 2017, reflecting a year-over-year growth of approximately 42.5%[28] - Research and development expenses increased to ¥2,201,515.09 in Q3 2018, up from ¥750,741.01 in the same period last year, reflecting a growth of 193.5%[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 27,870[9] - The largest shareholder, Fujian Furi Group Co., Ltd., held 20.65% of the shares[9]