SANAN(SH:600703)2018-10-30 16:00Financial Performance - Total assets increased by 17.34% to CNY 29.61 billion compared to the end of the previous year[8] - Net assets attributable to shareholders rose by 8.06% to CNY 21.36 billion year-on-year[8] - Revenue for the first nine months was CNY 6.39 billion, a 1.76% increase year-on-year[8] - Net profit attributable to shareholders increased by 9.09% to CNY 2.59 billion compared to the previous year[8] - The basic earnings per share rose by 10.34% to CNY 0.64[8] - The company's total operating revenue for Q3 2018 was CNY 53,986,936.61, with a net profit of CNY 105,546.43, compared to a net loss of CNY 3,448,954.45 in the same period last year[36] - Operating revenue for the first nine months reached ¥6,393,320,305.23, compared to ¥6,282,520,310.95 in the same period last year[31] - Net profit for the period was ¥740,574,122.65, down from ¥862,663,966.45 in the previous period[32] Cash Flow - Operating cash flow for the first nine months increased by 44.74% to CNY 2.96 billion compared to the same period last year[8] - Cash received from operating activities increased by 238.88% to ¥1,374,906,219.30, primarily due to increased government subsidies received during the period[19] - Cash paid for purchasing goods and services rose by 60.89% to ¥2,154,888,733.40, mainly due to higher cash payments for raw materials[19] - The net cash flow from operating activities for the first nine months of 2018 was CNY 2,955,101,214.17, an increase from CNY 2,041,665,403.36 in the previous year[37] - The total cash inflow from operating activities for the first nine months of 2018 was CNY 6,623,102,951.42, up from CNY 4,998,821,257.42 in the previous year[37] - The company reported a total cash outflow of CNY 2,013,594,193.33 from operating activities, which included CNY 1,496,345,189.97 in other operating cash payments[41] Investments and Expenditures - Development expenditures rose by 189.33% compared to the beginning of the period, reflecting increased investment in new product research and development[13] - Cash paid for acquiring fixed assets and other long-term assets grew by 44.62% to ¥4,435,570,308.94, reflecting substantial increases in project construction investments[19] - The company invested CNY 2,000,000,000.00 in acquiring subsidiaries and other business units during the first nine months of 2018[41] Liabilities and Assets - Total liabilities increased to ¥8,250,840,501.22 from ¥5,464,318,758.62, indicating a rise in financial obligations[24] - Total current assets amounted to ¥12,065,802,186.34, an increase from ¥11,497,914,074.04 at the beginning of the year[22] - Total current assets decreased to ¥2,068,309,617.12 from ¥2,295,599,138.45[27] - Long-term equity investments increased to ¥15,074,195,765.45 from ¥13,071,907,726.92[27] Financial Health - The weighted average return on equity decreased by 0.46 percentage points to 12.31%[8] - Financial expenses decreased by 73.72% compared to the same period last year, primarily due to reduced foreign exchange losses[16] - Asset impairment losses surged by 179.10% compared to the same period last year, due to increased bad debt and inventory write-downs[16] - Other income increased by 31.05% compared to the same period last year, mainly due to additional government subsidies received[16] Future Outlook - The company plans to continue expanding its market and enhancing sales revenue to ensure steady growth in annual operating performance[8] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[18]