GRIAM(SH:600206)2018-10-22 16:00Financial Performance - Net profit attributable to shareholders rose by 40.83% to CNY 68,113,833.77 year-on-year[6] - Operating revenue for the first nine months reached CNY 3,234,090,240.80, a 13.26% increase from the same period last year[6] - Basic and diluted earnings per share increased by 37.93% to CNY 0.080[7] - The weighted average return on net assets increased by 0.66 percentage points to 2.36%[7] - The company's net profit attributable to shareholders increased by 40.83% from CNY 48,366,103.55 to CNY 68,113,833.77 compared to the same period last year[14] - Sales expenses rose by 32.14% from CNY 27,922,045.09 to CNY 36,896,786.08 due to market expansion efforts by subsidiaries[14] - Financial expenses decreased by 53.07% from CNY 4,235,163.34 to CNY 1,987,405.57, primarily due to increased foreign exchange gains[14] - The company’s investment income rose by 30.08% from CNY 25,346,110.06 to CNY 32,969,641.16, driven by higher returns from financial investments[14] - The net profit for Q3 2018 was CNY 32,801,540.03, a significant increase from CNY 16,766,106.18 in the same period last year, representing a growth of 95.5%[29] - The total profit for Q3 2018 reached CNY 38,075,843.40, compared to CNY 16,249,347.15 in Q3 2017, marking an increase of 134.0%[29] - The operating profit for Q3 2018 was CNY 34,389,021.97, up from CNY 13,337,973.11 in Q3 2017, reflecting a growth of 158.0%[29] - The total comprehensive income attributable to the parent company for Q3 2018 was CNY 31,296,987.92, compared to CNY 13,853,517.55 in the same period last year, an increase of 126.5%[30] Assets and Liabilities - Total assets increased by 4.79% to CNY 3,491,753,864.75 compared to the end of the previous year[6] - The company's cash and cash equivalents decreased by 68.83% from CNY 728,818,229 to CNY 227,145,156.50 due to increased investments in structured deposits and financial products[13] - Accounts receivable increased by 99.10% from CNY 186,270,028.80 to CNY 370,860,127.60, attributed to changes in sales structure and longer collection cycles[13] - The company's total liabilities increased significantly, with accounts payable rising by 191.80% from CNY 32,642,593.62 to CNY 95,251,705.66, indicating higher unpaid material procurement[13] - The total liabilities stood at RMB 1,000,000,000.00, with short-term borrowings of RMB 10,000,000.00 reported[22] - The total equity attributable to shareholders increased to CNY 2,931,167,764.26 from CNY 2,853,636,108.57 at the beginning of the year, showing a positive trend in shareholder value[24] Cash Flow - The net cash flow from operating activities improved to -CNY 198,904,038.51, compared to -CNY 254,656,834.84 in the previous year[6] - Cash received from other operating activities rose by 84.68% to approximately ¥34.18 million from ¥18.51 million year-over-year[16] - Cash paid for various taxes increased by 55.53% to approximately ¥41.58 million from ¥26.74 million in the prior period[16] - Cash inflow from operating activities for the first nine months of 2018 was CNY 3,565,795,169.03, an increase of 14.5% compared to CNY 3,114,325,152.54 in the same period last year[38] - The cash inflow from investment activities totaled CNY 6,388,312,411.91, up from CNY 4,784,643,118.52, marking a 33.5% increase year-over-year[39] - The cash outflow for investment activities was CNY 2,766,206,978.85, an increase from CNY 1,721,998,362.72 year-over-year[41] - The company experienced a net decrease in cash and cash equivalents of CNY -280,318,133.66, contrasting with an increase of CNY 46,875,641.33 in the previous year[41] Shareholder Information - The total number of shareholders reached 76,441 by the end of the reporting period[10] - The largest shareholder, Youyan Technology Group Co., Ltd., holds 36.07% of the shares[10] Government and Regulatory Compliance - The company received government subsidies amounting to CNY 4,178,433.47 during the reporting period[9] - The company committed to strictly comply with the Company Law of the People's Republic of China and other relevant laws and regulations, ensuring no competition with its parent company in any form[18] - The company will ensure compliance with regulations from the China Securities Regulatory Commission and the Shanghai Stock Exchange for standardized operations[18] Restructuring and Operational Independence - After the completion of the restructuring, the company will actively supervise and assist its subsidiaries in obtaining property ownership certificates[18] - The company guarantees the asset security and legal rights of the properties involved in the restructuring, ensuring normal operations are not affected[18] - The company will maintain independence in personnel, assets, finance, institutions, and business operations post-restructuring[18] - The restructuring is aimed at enhancing operational efficiency and safeguarding the interests of both the company and its subsidiaries[18]