Shenqi(SH:600613)2018-10-30 16:00Financial Performance - Net profit attributable to shareholders decreased by 19.67% to CNY 64,719,408.77 for the year-to-date period[6] - Operating revenue for the year-to-date period increased by 12.81% to CNY 1,294,026,311.76 compared to the same period last year[6] - Basic and diluted earnings per share decreased by 20.00% to CNY 0.12[7] - The weighted average return on equity decreased by 0.77 percentage points to 2.59%[7] - Total operating revenue for the third quarter was ¥437,003,796.03, a decrease of 2.9% compared to ¥448,629,318.37 in the same period last year[22] - Net profit for the first nine months reached ¥57,000,000, representing a significant increase from ¥40,000,000 in the same period last year[22] - The total profit for the first nine months of 2018 was 68,002,147.89 CNY, indicating a decrease from 77,421,426.58 CNY in the previous year[28] Assets and Liabilities - Total assets increased by 2.30% to CNY 3,167,050,298.34 compared to the end of the previous year[6] - Cash and cash equivalents decreased by 31.92% to ¥193,541,219.83 from ¥284,287,665.36 due to daily operating expenses[12] - Accounts receivable decreased by 43.88% to ¥86,045,215.68 from ¥153,323,781.32, attributed to daily operating expenses and bill discounts[12] - Total liabilities decreased to ¥46,998,196.54 from ¥88,968,506.84 at the beginning of the year, indicating improved financial stability[21] - The company's equity attributable to shareholders increased to ¥1,981,892,469.59 from ¥1,938,976,640.67 at the beginning of the year, reflecting a growth of 2.2%[21] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 117,351,551.10, a significant increase of 7,710.46% compared to the previous year[6] - Operating cash inflow for the first nine months of 2018 was CNY 1,453,110,229.70, an increase from CNY 1,352,554,917.35 in the same period last year, representing a growth of approximately 7.4%[32] - Cash inflow from financing activities totaled CNY 9,000,000.00, a decrease from CNY 168,200,000.00 in the previous year, showing reduced financing activities[33] - Net cash flow from financing activities was -CNY 140,501,613.50, a significant decline compared to CNY 86,697,356.73 in the same period last year, highlighting challenges in financing[33] Investments and Income - The company reported a total of CNY 12,134,623.81 in non-operating income for the year-to-date period[9] - Investment income rose by 161.63% to ¥693,822.60 from ¥265,191.51, indicating an increase in investment returns[13] - Other income increased by 123.13% to ¥14,512,100.00 from ¥6,503,777.00, primarily due to increased government subsidies[13] - The company reported investment income of 74,499,499.16 CNY for the first nine months of 2018, compared to 82,394,381.41 CNY in the previous year[28] Shareholder Information - The total number of shareholders at the end of the reporting period was 40,481[10] - The largest shareholder, Guizhou Magic Investment Co., Ltd., holds 24.59% of the shares, with 131,301,620 shares pledged[10] Operational Efficiency - The company has ongoing projects for production line upgrades and GMP certification, contributing to future growth[9] - Management expenses increased to 5,828,699.82 CNY for the first nine months of 2018, up from 4,158,645.34 CNY in the previous year[28] - The company's cash flow from operating activities was negatively impacted by a rise in cash payments to employees, which increased to CNY 110,146,612.77 from CNY 77,858,759.68, representing a growth of approximately 41.5%[32]