FW(SH:600742)2018-10-24 16:00Financial Performance - Net profit attributable to shareholders decreased by 3.57% to CNY 387,915,564.93 for the year-to-date period[7] - Operating revenue for the year-to-date period increased by 7.85% to CNY 9,897,492,420.11 compared to the same period last year[7] - Total operating revenue for Q3 2018 reached ¥3,387,819,932.54, an increase of 10.74% compared to ¥3,057,884,019.14 in Q3 2017[29] - Net profit attributable to the parent company for the first nine months of 2018 was ¥2,814,787,110.59, compared to ¥2,736,847,165.74 for the same period in 2017, indicating a growth of 2.0%[27] - The net profit for Q3 2018 reached ¥174,597,739.14, compared to ¥130,593,064.55 in Q3 2017, marking an increase of about 33.7%[31] - The total profit for Q3 2018 was ¥186,899,839.12, compared to ¥140,599,048.69 in Q3 2017, reflecting a growth of around 32.9%[30] Assets and Liabilities - Total assets increased by 2.96% to CNY 9,101,111,703.26 compared to the end of the previous year[7] - Total assets as of September 30, 2018, amounted to ¥5,732,402,968.38, an increase from ¥5,506,089,942.87 at the beginning of the year[26] - Total liabilities as of September 30, 2018, were ¥1,287,349,151.14, compared to ¥1,227,827,797.19 at the start of the year, reflecting an increase of 4.9%[27] - The company’s non-current assets increased to ¥4,409,865,645.32 from ¥4,093,406,143.45, indicating ongoing investments in long-term assets[22] Cash Flow - Cash flow from operating activities increased by 8.01% to CNY 211,196,407.61 for the year-to-date period[7] - Cash inflow from operating activities for the first nine months of 2018 was CNY 4,560,706,549.17, an increase of 14.6% from CNY 3,979,203,968.79 in the same period of 2017[36] - Net cash flow from operating activities for the first nine months of 2018 was CNY 211,196,407.61, up from CNY 195,530,924.81 in the previous year, indicating a growth of 8.5%[37] - Cash and cash equivalents at the end of Q3 2018 were CNY 598,211,191.06, down from CNY 841,331,696.63 at the end of Q3 2017, a decrease of approximately 29%[40] - The company reported a net decrease in cash and cash equivalents of CNY 294,969,855.08 for the first nine months of 2018, compared to a decrease of CNY 289,592,731.37 in the same period of 2017[37] Expenses - Sales expenses increased by 22.34% to ¥53,363,244.50 compared to the same period last year, attributed to higher transportation, packaging, and product quality assurance costs[14] - R&D expenses rose by 64.11% to ¥77,805,243.57, driven by increased trial and testing costs[14] - The company's management expenses for Q3 2018 were ¥161,810,267.35, significantly higher than ¥84,990,020.30 in Q3 2017, indicating an increase of around 90.0%[30] - Financial expenses showed a significant improvement, with a decrease of 162.28% to -¥3,267,305.52, due to increased interest income and reduced foreign exchange losses[14] Shareholder Information - The number of shareholders reached 25,732 at the end of the reporting period[9] - The largest shareholder, China First Automobile Group Co., Ltd., holds 20.14% of the shares[9] Inventory and Receivables - Inventory decreased by 32.93% to CNY 668,896,453.31 due to sales of inventory products[13] - Other receivables increased by 23.23% to CNY 322,400,674.48 due to an increase in customer tooling payments[13] - Accounts receivable increased significantly to ¥641,178,504.05 from ¥384,403,885.36, representing a growth of 66.7%[25] - Inventory levels decreased to ¥493,338,848.66 from ¥767,454,550.00, a reduction of 35.7%[26] Comprehensive Income - Total comprehensive income for Q3 2018 was ¥174,597,739.14, compared to ¥130,593,064.55 in Q3 2017, reflecting an increase of approximately 33.7%[31] - Total comprehensive income for Q3 2018 was CNY 87,093,836.95, compared to CNY 93,415,852.18 in Q3 2017, reflecting a decrease of approximately 3.5% year-over-year[34] - Basic and diluted earnings per share for Q3 2018 were both CNY 0.17, slightly down from CNY 0.18 in Q3 2017[34]