AJ GROUP(SH:600643)2018-10-30 16:00Financial Performance - Net profit attributable to shareholders rose by 40.09% to CNY 816.76 million year-on-year[6] - Operating revenue decreased by 12.20% to CNY 430.74 million for the first nine months compared to the same period last year[6] - Total revenue for the first nine months increased by 22.35% to CNY 1.82 billion compared to the previous year[6] - Basic and diluted earnings per share increased by 25.62% to CNY 0.510[7] - The company reported a total comprehensive income of CNY 166,529,270.34 for Q3 2018, compared to CNY 124,294,782.09 in Q3 2017, marking an increase of approximately 34%[60] - Net profit for Q3 2018 was ¥276,351,220.10, up from ¥223,432,867.55 in Q3 2017, representing an increase of about 23.6%[56] - Operating profit for Q3 2018 was ¥383,792,389.43, compared to ¥298,980,480.90 in Q3 2017, reflecting a growth of approximately 28.4%[56] Assets and Liabilities - Total assets increased by 53.45% to CNY 25.70 billion compared to the end of the previous year[6] - The company’s total liabilities increased by 67.97% to ¥2,682,523,979.79, reflecting the consolidation of Huari Leasing's liabilities[13] - Total liabilities rose to ¥16.29 billion, compared to ¥9.65 billion, marking a 68.5% increase year-over-year[49] - Current liabilities totaled ¥9.00 billion, an increase of 43.9% from ¥6.25 billion year-over-year[49] - Non-current liabilities amounted to ¥7.29 billion, up from ¥3.39 billion, indicating a 115.5% increase year-over-year[49] Cash Flow - Net cash flow from operating activities increased by 42.91% to CNY 949.90 million year-to-date[6] - Cash flow from operating activities for the first nine months of 2018 was CNY 949,897,821.19, up from CNY 664,701,482.97 in the previous year, reflecting an increase of approximately 42.9%[63] - Net cash flow from financing activities was positive at ¥2,006,888,790.55, a substantial recovery from a negative cash flow of ¥45,920,190.78 in the same period last year[67] - Cash inflow from financing activities totaled ¥3,102,999,993.60, significantly higher than ¥950,000,000.00 in the previous year, marking a growth of about 226.0%[67] Shareholder Information - The number of shareholders reached 71,292 by the end of the reporting period[9] - The top shareholder, Shanghai Junyao Group, holds 27.41% of the shares, with 444,544,416 shares[9] - Shanghai Junyao Group plans to increase its stake in the company by a minimum of 2.66% (43,114,196 shares) and a maximum of 4.41% (71,569,564 shares) within six months starting from January 2, 2018[31] Acquisitions and Investments - The company is undergoing a significant acquisition process, with Guangzhou Fund aiming to acquire 30% of the company's shares, potentially making it the controlling shareholder[23] - On May 31, 2018, the company approved the acquisition of 100% equity in Huari Leasing for a total consideration of approximately RMB 1.52 billion[37] - The company has paid RMB 569 million for the equity transfer, with the remaining RMB 949.7 million to be paid later as per the agreement[37] - The company completed a non-public issuance of 184,782,608 shares, increasing its total share capital to 1,621,922,452 shares[17] Other Financial Metrics - Interest income increased by 153.73% to ¥334,407,483.24, attributed to the consolidation of financing trust income[14] - The company reported a decrease in operating income from ¥231.50 million to ¥160.88 million for the third quarter, a decline of 30.5% year-over-year[54] - Total operating costs for Q3 2018 were ¥767,628,207.65, a decrease from ¥854,872,709.70 in the same quarter last year[55] - The company reported a tax expense of ¥107,421,113.66 for Q3 2018, up from ¥77,216,694.76 in Q3 2017[56]