2018-10-30 16:00Financial Performance - Net profit attributable to shareholders increased by 9.35% year-on-year, amounting to CNY 6.13 billion[8]. - Operating revenue for the first nine months rose by 12.77% year-on-year, totaling CNY 138.14 billion[7]. - The company reported a significant increase in investment income, totaling CNY 525,924,446.67 for the first nine months, compared to CNY 259,975,650.65 last year[40]. - Total comprehensive income for the first nine months was CNY 503,177,436.45, up from CNY 302,148,793.81 in the same period last year[41]. - The company reported a total profit of ¥2.23 billion for Q3 2018, compared to ¥2.00 billion in Q3 2017, which is an increase of about 11.2%[38]. - Net profit for Q3 2018 was ¥1.97 billion, up from ¥1.79 billion in Q3 2017, indicating a growth of approximately 10.0%[39]. - The company achieved a 15.9% revenue growth in the refrigerator segment and a 16.2% growth in the washing machine segment[9]. - The high-end brand Casarte saw a revenue increase of 49% in the first three quarters[9]. Assets and Liabilities - Total assets increased by 6.70% year-on-year, reaching CNY 167.63 billion at the end of the reporting period[7]. - The company's total liabilities reached CNY 116.16 billion, up from CNY 109.25 billion, indicating a growth of around 6.5%[31]. - Current liabilities rose to CNY 85.80 billion, compared to CNY 81.31 billion, marking an increase of approximately 5.1%[30]. - Owner's equity increased to CNY 51.46 billion from CNY 47.85 billion, reflecting a growth of approximately 7.0%[31]. - Non-current assets totaled CNY 70.58 billion, an increase from CNY 66.52 billion, reflecting a growth of about 6.2%[30]. - The balance of entrusted wealth management reached ¥4.65 billion, all managed by Haier Electric Group[21]. - The number of shareholders reached 175,161, with the top two shareholders holding 38.23% of the total shares[14]. Cash Flow - The company’s cash flow from operating activities decreased by 24% year-on-year, totaling CNY 11.05 billion[7]. - Cash flow from operating activities generated a net amount of CNY 11,049,179,807.06, a decrease of 24.5% compared to CNY 14,538,013,259.52 in the previous year[45]. - The net cash flow from operating activities for the first nine months of 2018 was -32,675,214.90 RMB, an improvement from -1,937,452,484.12 RMB in the same period last year[49]. - The total cash inflow from operating activities was 1,587,261,211.27 RMB, compared to 537,566,688.41 RMB in the previous year, representing a 194% increase[49]. - The net cash flow from investing activities was 1,538,278,550.20 RMB, a significant recovery from -392,111,937.40 RMB in the previous year[50]. - Cash and cash equivalents at the end of the period amounted to 3,394,119,013.68 RMB, down from 4,563,406,578.43 RMB at the end of the same period last year[50]. Investments and Acquisitions - The company plans to acquire 100% of Candy S.p.A to enhance its position in the European market[11]. - The acquisition of Fisher & Paykel in New Zealand resulted in a market share exceeding 40% in that region[11]. - The company completed the acquisition of 100% equity in Haier New Zealand Investment Holding Company Limited, enhancing its consolidation[21]. Research and Development - Research and development expenses for Q3 2018 amounted to ¥1.45 billion, compared to ¥1.32 billion in Q3 2017, marking an increase of around 9.3%[38]. - Research and development expenses for the first nine months totaled CNY 166,500,505.81, slightly down from CNY 169,591,070.38 in the same period last year[40]. Market and User Growth - The number of smart home users grew by 23% year-on-year, with IoT ecosystem revenue reaching CNY 2.095 billion, up over 200%[12]. - Total operating revenue for Q3 2018 reached ¥47.58 billion, an increase from ¥42.68 billion in Q3 2017, representing a growth of approximately 11.5%[37].