TMT(SH:600458)2018-10-30 16:00Financial Performance - Net profit attributable to shareholders rose by 63.65% to CNY 85.70 million year-on-year[6] - Revenue for the first nine months reached CNY 8.32 billion, a 2.71% increase from the same period last year[12] - The weighted average return on equity increased by 0.61 percentage points to 1.67%[6] - Total revenue for the first nine months of 2018 reached ¥8,316,298,988.66, an increase from ¥8,097,062,372.42 in the same period last year, representing a growth of approximately 2.7%[25] - Total operating revenue for Q3 2018 was CNY 1,203,038,127.90, an increase of 6.6% compared to CNY 1,128,223,075.99 in the same period last year[29] - Net profit for the third quarter was CNY 10,827,994.08, compared to CNY 11,577,035.50 in the previous year, indicating a decrease of about 6.5%[30] - The total comprehensive income for Q3 2018 was CNY 90,293,662.23, compared to CNY 17,209,348.38 in Q3 2017, reflecting a substantial increase[28] Assets and Liabilities - Total assets increased by 2.07% to CNY 14.62 billion compared to the end of the previous year[6] - The company's total assets as of September 30, 2018, amounted to ¥11,142,361,102.63, slightly up from ¥11,077,944,139.78 at the beginning of the year[24] - The total liabilities increased to ¥6,433,596,139.37 from ¥6,392,270,593.85, indicating a rise of about 0.6%[24] - Total assets reached RMB 14.62 billion, with current assets totaling RMB 9.09 billion[19] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net cash outflow of CNY -147.08 million compared to CNY -459.73 million in the previous year[12] - Operating cash flow for the first nine months showed a net outflow of CNY 147,081,143.29, an improvement from a net outflow of CNY 459,725,601.83 in the same period last year[31] - The net cash flow from operating activities was -$349.72 million, an improvement from -$674.55 million in the previous quarter, indicating a 48% reduction in cash outflow[34] - The total cash outflow from operating activities was $5.22 billion, slightly down from $5.29 billion in the previous quarter, indicating a marginal improvement[34] Borrowings - Short-term borrowings increased by 111.82% to CNY 1.76 billion[12] - Short-term borrowings rose to RMB 1.76 billion, primarily for repaying long-term loans and supplementing working capital[19] - Long-term borrowings decreased following the repayment of EUR 80 million in loans[14] - The company received $1.94 billion in cash from borrowings, significantly higher than $750 million in the previous quarter, indicating a 159% increase in financing[34] Research and Development - Research and development expenses increased by 14.71% to CNY 467.15 million[12] - R&D expenses increased due to higher investments in aramid and PI film industries[14] - Research and development expenses for Q3 2018 amounted to CNY 79,783,954.03, a 32.7% increase from CNY 60,125,083.38 in Q3 2017[29] Shareholder Information - The number of shareholders reached 50,798, with the top ten shareholders holding 56.06% of the shares[10] - The net profit attributable to the parent company for the first nine months was not explicitly stated, but the retained earnings increased to ¥647,143,104.08 from ¥602,462,563.19, showing a growth of approximately 7.4%[24] Operating Costs - Operating costs rose primarily due to increased revenue scale, changes in sales structure, and rising raw material prices[14] - Total operating costs for Q3 2018 were CNY 949,371,791.25, slightly up from CNY 939,237,305.22 in the same quarter last year[29] Financial Expenses - Financial expenses grew by 91.91% year-on-year, reaching RMB 63.89 million, excluding exchange rate impacts[14] - The company incurred financial expenses of CNY 54,042,140.49 in Q3 2018, which is an increase from CNY 31,706,176.98 in Q3 2017[29] Government Subsidies - The company received government subsidies amounting to CNY 19.40 million for the year-to-date[8]