SCGS(SH:600678)2018-10-30 16:00Financial Performance - Operating revenue for the first nine months reached CNY 341,236,122.46, a 208.46% increase year-on-year[6] - Net profit attributable to shareholders was CNY 31,036,777.19, compared to a loss of CNY 577,432.10 in the same period last year[6] - Total profit for the year was ¥31,027,034.26, a significant turnaround from a loss of ¥559,098.64 in the previous year[14] - The company reported a net profit of CNY 13,205,708.98 for Q3 2018, compared to CNY 4,881,402.93 in the same period last year, representing a significant increase[38] - The total comprehensive income attributable to the parent company for Q3 2018 was CNY 14,568,284.32, compared to CNY 4,932,174.85 in the same period last year[38] Assets and Liabilities - Total assets increased by 21.58% to CNY 530,926,132.76 compared to the end of the previous year[6] - The company's total liabilities were reported at 464.17 million RMB, compared to 407.56 million RMB at the beginning of the year, reflecting an increase in financial obligations[28] - The total assets as of Q3 2018 amounted to ¥525,587,704.95, up from ¥437,972,765.44 at the end of the previous year, reflecting a growth of about 19.9%[32] - The total liabilities increased to ¥458,482,840.96 in Q3 2018 from ¥405,806,427.90 in the previous year, which is an increase of approximately 12.9%[32] Shareholder Information - Net assets attributable to shareholders increased by 134.53% to CNY 65,863,516.15 compared to the end of the previous year[6] - The total number of shareholders reached 49,298 by the end of the reporting period[9] - The largest shareholder, Shenzhen Pusuzhichun Investment Enterprise, holds 20.50% of the shares, amounting to 71,553,484 shares[9] - The company's equity attributable to shareholders rose to 65.86 million RMB from 28.08 million RMB, indicating a positive shift in shareholder value[28] Cash Flow - Net cash flow from operating activities was negative at CNY -48,415,508.50, a decrease of 837.74% compared to the previous year[6] - Cash inflow from financing activities was CNY 167,180,000.00, while cash outflow amounted to CNY 100,000,000.00, resulting in a net cash flow from financing activities of CNY 67,180,000.00[44] - The ending cash and cash equivalents balance was CNY 13,515,876.49, down from CNY 35,107,743.00 at the beginning of the period[44] Revenue and Expenses - Operating costs increased by 227.97% to ¥280,766,634.57, reflecting higher production and trade business activities[13] - Sales expenses rose by 61.48% to ¥2,023,839.49, mainly due to increased product sales[14] - The company's operating costs for the first nine months of 2018 were CNY 120,753,765.86, up from CNY 68,701,969.25 in the previous year, marking an increase of approximately 76%[37] Investments and Acquisitions - The company planned to acquire a 36.5625% stake in Haiying Technology for cash and subsequently increase its investment by 60 million RMB, resulting in a total ownership of 39.4030%[20] - The company terminated the major asset restructuring due to recent macroeconomic changes and market volatility, recovering all funds paid to the counterparty[21] Future Outlook - Future outlook includes plans for market expansion and potential acquisitions to enhance growth and profitability[35] - The company anticipates a significant increase in cumulative net profit compared to the same period last year, driven by higher production and sales data of its main products[22]