GUOTONG PP(SH:600444)2018-10-25 16:00Financial Performance - Operating revenue for the first nine months was CNY 374,454,382.97, down 7.09% year-on-year[6] - Net profit attributable to shareholders of the listed company rose by 29.07% to CNY 33,619,362.83[6] - Basic and diluted earnings per share increased by 27.78% to CNY 0.23[7] - The company reported a net loss of ¥183,858,616.27 for the period, improving from a loss of ¥204,529,577.64 in the previous year[26] - The total profit for the first nine months of 2018 was CNY 5,230,714.96, an increase from CNY 3,248,091.80 in the same period last year[34] - The operating profit for Q3 2018 was CNY 6,489,101.44, compared to an operating loss of CNY 2,423,605.44 in Q3 2017[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 822,183,635.15, a decrease of 0.65% compared to the end of the previous year[6] - The company's long-term receivables decreased by 100% to 0 due to the receipt of the third batch of land payments[13] - Other current assets increased by 1,337% to 2,052,503.51 due to the recovery of debt assets from Guangdong Guotong[13] - The company's total liabilities decreased from CNY 317,535,202.30 to CNY 278,196,307.90, indicating improved financial stability[23] - Total assets decreased to ¥540,088,802.62 from ¥554,740,402.34 at the beginning of the year, a reduction of 2.6%[26] Cash Flow - The net cash flow from operating activities improved significantly, reaching CNY -49,097,764.87, compared to CNY -86,899,797.21 in the same period last year[6] - Net cash outflow from operating activities improved to -¥49.10 million compared to -¥86.90 million in the previous year, indicating a reduction in losses[37] - Cash inflow from investment activities was ¥38.63 million, down from ¥117.87 million year-on-year, representing a decrease of about 67%[37] - Cash inflow from financing activities decreased to ¥75.00 million from ¥237.75 million year-on-year, a drop of about 68%[41] Shareholder Information - The total number of shareholders is 7,939[12] - The largest shareholder, Hefei General Machinery Research Institute Co., Ltd., holds 36.82% of shares, totaling 53,907,212 shares[12] - The company's equity attributable to shareholders increased to CNY 543,987,327.25 from CNY 510,013,668.05, indicating a strengthening of shareholder value[23] Expenses and Income - The company's sales expenses decreased by 31% to 10,061,610.95, as Guangdong Guotong was no longer included in the consolidated scope[14] - The company reported a significant reduction in financial expenses, down to CNY 1,685,085.14 from CNY 4,377,053.65 in Q3 2017[33] - R&D expenses increased to ¥9,258,949.99 in Q3 2018, up 16.7% from ¥7,935,347.26 in Q3 2017[28] Inventory and Receivables - The company's inventory rose by 48% to 147,691,221.84, attributed to costs of unfinished projects[13] - Accounts receivable increased to CNY 282,037,192.40 from CNY 255,173,127.55, reflecting a growing customer base[21] - Inventory levels rose significantly to ¥17,707,027.99, up 103.5% from ¥8,693,970.49 at the beginning of the year[25] Government and Non-Operating Income - Non-operating income included CNY 5,702,803.58 from the disposal of non-current assets[8] - Government subsidies recognized during the reporting period amounted to CNY 700,406.83[8] - The company reported a total of CNY 12,669,667.54 in non-recurring gains and losses for the first nine months[10]