HIGHLY(SH:600619)2018-10-30 16:00Financial Performance - Operating revenue for the first nine months reached CNY 9,648,341,655.74, a growth of 21.37% year-on-year[7] - Net profit attributable to shareholders was CNY 200,711,766.56, reflecting a 1.48% increase compared to the same period last year[7] - The company's basic earnings per share remained stable at CNY 0.23[8] - The net profit after deducting non-recurring gains and losses was CNY 189,096,248.67, an increase of 4.45% year-on-year[7] - Year-to-date revenue reached CNY 964.83 million, a year-on-year increase of 21.37%, while operating profit was CNY 29.74 million, up 5.14%[24] - The net profit attributable to shareholders was CNY 20.07 million, a growth of 1.48%, and the net profit after deducting non-recurring gains and losses was CNY 18.91 million, up 4.45%[24] Assets and Liabilities - Total assets increased by 7.15% to CNY 14,615,089,308.86 compared to the end of the previous year[7] - Total liabilities rose to CNY 9.43 billion, compared to CNY 8.59 billion in the previous year, reflecting an increase of about 9.9%[34] - Non-current assets totaled CNY 5.17 billion, compared to CNY 5.02 billion at the beginning of the year, marking a growth of about 3.0%[34] - The company's equity attributable to shareholders reached CNY 4.24 billion, up from CNY 4.18 billion, reflecting a growth of approximately 1.5%[34] Cash Flow - Cash flow from operating activities showed an improvement, with a net outflow of CNY 96,711,879.66 compared to CNY 107,553,280.90 in the previous year[7] - Operating cash flow net outflow decreased by 10.08 million compared to the same period last year, mainly due to increased bill discounting[23] - Cash and cash equivalents decreased by 30.36% compared to the beginning of the year, primarily due to increased investments in fixed assets[15] - Cash inflow from operating activities was 618,416,445.78 RMB for the first nine months of 2018, compared to 16,780,643.06 RMB in the same period last year[52] - Total cash outflow from operating activities was 645,276,736.63 RMB for the first nine months of 2018, compared to 78,136,028.57 RMB in the previous year[52] Shareholder Information - The total number of shareholders reached 56,819, with the top ten shareholders holding a combined 56.68% of shares[12] - Shanghai Electric Group Company held 22.05% of shares, making it the largest shareholder[12] Operational Highlights - In Q3, the company sold 5.23 million rotary air conditioning compressors, a year-on-year decrease of 12.1%, while total sales from January to September reached 19.65 million units, an increase of 9.3%[24] - The company sold 637,000 motors in Q3, down 13.1% year-on-year, with total sales of 21.84 million units from January to September, reflecting a growth of 6.0%[24] Investment and Financing Activities - Short-term borrowings increased by 46.79% compared to the beginning of the year, indicating a rise in short-term financing[17] - Long-term borrowings increased by 243.42% compared to the beginning of the year, reflecting significant long-term financing activities[18] - The company raised 604,100,000.00 RMB through borrowings in Q3 2018, with no cash inflow from other financing activities reported[53] Management and Expenses - Management expenses increased by 48.00% year-on-year, mainly due to higher personnel costs[21] - The company reported a 92.18% increase in non-operating income year-on-year, mainly due to increased quality compensation from suppliers[21] Future Outlook - Future outlook includes plans for market expansion and potential new product launches to drive revenue growth[40]