ZTT(SH:600522)2018-10-29 16:00Financial Performance - Net profit attributable to shareholders rose by 13.72% to CNY 1.63 billion for the first nine months of the year[5] - Operating revenue for the first nine months reached CNY 23.66 billion, reflecting a growth of 22.19% year-on-year[5] - Basic and diluted earnings per share increased by 11.84% to CNY 0.5328[6] - The company reported a net profit margin improvement, with undistributed profits increasing to CNY 7.04 billion from CNY 5.70 billion, a rise of about 23.5%[21] - The total profit for the first nine months was ¥1.70 billion, compared to ¥847.43 million in the same period last year, marking a year-on-year increase of 100.5%[32] - The company reported a total comprehensive income of ¥696.81 million for Q3 2018, compared to ¥542.77 million in Q3 2017, reflecting a growth of 28.4%[28] - The company achieved a profit before tax of ¥689.43 million in Q3 2018, compared to ¥576.02 million in Q3 2017, marking a 19.7% increase[27] Assets and Liabilities - Total assets increased by 16.54% to CNY 31.64 billion compared to the end of the previous year[5] - Current assets rose to CNY 21.25 billion, compared to CNY 18.49 billion, reflecting an increase of about 9.5%[20] - Total liabilities reached CNY 12.67 billion, compared to CNY 9.13 billion, which is an increase of approximately 38.5%[21] - Shareholders' equity rose to CNY 18.97 billion from CNY 18.02 billion, reflecting an increase of about 5.3%[21] - Non-current assets totaled CNY 10.39 billion, up from CNY 8.66 billion, indicating a growth of approximately 20.0%[20] Cash Flow - The net cash flow from operating activities showed a decrease, amounting to CNY -585.13 million, compared to CNY -537.86 million in the same period last year[5] - The net cash flow from operating activities for the first nine months of 2018 was -614,401,275.07 RMB, compared to -234,687,455.20 RMB in the same period last year, indicating a decline in operational performance[37] - Total cash inflow from operating activities was 6,783,985,215.45 RMB, while cash outflow was 7,398,386,490.52 RMB, resulting in a net cash flow deficit[37] - Cash inflow from financing activities totaled 2,037,407,275.74 RMB, while cash outflow was 902,629,296.63 RMB, leading to a net cash flow of 1,134,777,979.11 RMB[38] Investments - Long-term equity investments surged by 164.1% to ¥257,477,198.21 from ¥97,492,530.51, attributed to increased investments in Sichuan Tianfu and Zhengzhou Tianhe[13] - The company received government subsidies totaling CNY 120.87 million for the first nine months, which positively impacted its financial results[8] - Investment income for the first nine months was ¥1.39 billion, significantly higher than ¥531.56 million in the previous year, indicating a growth of 161.5%[32] Shareholder Information - The company reported a total of 167,368 shareholders as of the end of the reporting period[10] - The largest shareholder, Zhongtian Technology Group Co., Ltd., holds 25.05% of the shares, with 768,007,883 shares pledged[10] Research and Development - Research and development expenses for the first three quarters amounted to ¥783.99 million, a significant increase of 20.3% compared to ¥651.08 million in the same period last year[26] - Research and development expenses for the first nine months totaled ¥265.23 million, up 32.2% from ¥200.56 million in the previous year[34] Financial Expenses - Financial expenses showed a significant decrease of 108.7%, resulting in a profit of -¥9,672,813.78 compared to ¥111,523,266.84, primarily due to exchange gains from the appreciation of the US dollar[14] - The company reported a financial expense of -¥51.26 million in Q3 2018, a notable improvement compared to a financial expense of ¥60.07 million in Q3 2017[26] - The company reported a financial expense of ¥41.11 million for the first nine months, which is an increase from ¥24.85 million in the same period last year[34] Future Plans - The company plans to issue convertible bonds totaling no more than ¥396,512.06 million, which was approved by the board and shareholders[14] - The company plans to expand its market presence and invest in new technologies to drive future growth[22]