2018-10-24 16:00Financial Performance - Operating revenue rose by 55.46% to CNY 77.79 billion for the first nine months of the year[7] - Net profit attributable to shareholders increased by 111.20% to CNY 20.72 billion year-on-year[7] - Basic earnings per share reached CNY 3.9092, reflecting a 111.20% increase compared to the same period last year[7] - The group's net profit attributable to shareholders increased by 151.43% year-on-year, driven by higher product sales and prices[16] - Net profit attributable to shareholders for the first nine months was ¥64,513,631,526, compared to ¥56,425,289,201 in the previous year, marking an increase of 14.8%[30] - In Q3 2018, the company reported a net profit of ¥7,993,344,462, an increase from ¥3,194,940,545 in the same period last year, representing a growth of approximately 150%[34] - The total profit for the period reached ¥10,284,755,163, compared to ¥4,131,139,869 in Q3 2017, marking an increase of about 148%[34] Cash Flow - Net cash flow from operating activities surged by 134.28% to CNY 20.64 billion for the first nine months[7] - The cash inflow from sales of goods and services reached ¥99.47 billion, a significant increase of 57.5% compared to ¥63.07 billion in the same period last year[42] - The net cash flow from operating activities amounted to ¥20.64 billion, up 134.5% from ¥8.81 billion year-on-year[42] - The total cash inflow from investment activities was ¥26.64 billion, compared to ¥20.79 billion in the previous year, marking a 28.7% increase[43] - The net cash flow from investment activities was -¥2.56 billion, an improvement from -¥5.52 billion in the same period last year[43] - The cash outflow for financing activities totaled ¥11.17 billion, compared to ¥6.02 billion in the previous year, reflecting a 85.5% increase[43] - The net cash flow from financing activities was -¥10.15 billion, worsening from -¥4.14 billion year-on-year[43] - The cash and cash equivalents at the end of the period stood at ¥18.39 billion, significantly up from ¥4.92 billion at the end of the same period last year[43] Assets and Liabilities - Total assets increased by 13.49% to CNY 138.62 billion compared to the end of the previous year[7] - The balance of other receivables increased by 109.62% compared to the beginning of the year, mainly due to an increase in purchased financial products[13] - The balance of inventory increased by 37.48% compared to the beginning of the year, attributed to a rise in the quantity of inventory goods[13] - The balance of investment properties increased by 41.57% compared to the beginning of the year, due to leasing out idle properties[13] - The balance of contract liabilities rose to 5.69 billion yuan from zero at the beginning of the year, reflecting increased sales and procurement activities[13] - The balance of non-current liabilities due within one year decreased by 38.69% compared to the beginning of the year, as the group repaid maturing corporate bonds and bank loans[13] - The total liabilities decreased slightly to ¥13,285,340,439 from ¥13,872,441,751, a reduction of 4.2%[29] Shareholder Information - The total number of shareholders reached 74,735 by the end of the reporting period[10] - The largest shareholder, Anhui Conch Group, holds 36.40% of the shares, totaling 1,928,870,014 shares[10] Research and Development - Research and development expenses rose by 80.27% year-on-year, primarily due to increased investment in new product development, including refractory materials[15] - Research and development expenses for the first nine months were ¥45,474,335, compared to ¥28,615,322 in the previous year, indicating a significant increase of 59.0%[33] Financial Standards and Regulations - The company has implemented new accounting standards effective from January 1, 2018, impacting the presentation of certain financial statement items[12] Financial Expenses - Financial expenses decreased by 228.87% year-on-year, mainly due to reduced interest expenses and increased interest income[15] - The company incurred a financial expense of ¥-314,161,562 in Q3 2018, compared to ¥-143,413,118 in the same period last year, indicating a significant increase in financial costs[38]