AVIC SAC(SH:600760)2018-10-22 16:00Financial Performance - Operating revenue for the first nine months reached CNY 11.59 billion, a significant increase of 301.42% compared to the same period last year[7]. - Net profit attributable to shareholders was CNY 312.69 million, a turnaround from a loss of CNY 429.53 million in the previous year[8]. - Basic and diluted earnings per share were both CNY 0.22, compared to a loss of CNY 0.31 per share in the previous year[8]. - Total operating revenue for Q3 2018 reached ¥5,335,619,388.15, a significant increase from ¥1,877,561,869.37 in the same period last year[31]. - Net profit for Q3 2018 was ¥213,066,895.36, a recovery from a net loss of ¥14,691,900.83 in Q3 2017[33]. - The total comprehensive income attributable to shareholders for the first nine months of 2018 was ¥312,689,969.74, recovering from a loss of ¥429,528,341.17 in the previous year[33]. - The company's total comprehensive income attributable to the parent company was CNY 212,942,548.83, compared to CNY 285,802,906.61 in the same period last year[34]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 25.78 billion, a decrease of 2.30% compared to the end of the previous year[7]. - Net assets attributable to shareholders of the listed company increased by 4.12% to CNY 7.43 billion[7]. - Cash and cash equivalents decreased by 16.21% to ¥7,748,026,964.66 from ¥9,246,872,004.47 at the end of the previous year[15]. - Accounts receivable increased by 22.60% to ¥2,157,048,337.21, up from ¥1,759,401,928.92, primarily due to increased product sales[15]. - The company's long-term liabilities totaled CNY 1,213,073,920.98, an increase from CNY 1,081,806,706.61 at the beginning of the year[25]. - Total current liabilities decreased to CNY 16,967,863,602.33 from CNY 18,000,258,410.47, a reduction of about 5.7%[25]. Cash Flow - The net cash flow from operating activities improved to CNY -1.16 billion, compared to CNY -3.20 billion in the same period last year[7]. - The total cash inflow from operating activities was CNY 7,122,090,100.96, down from CNY 8,321,770,421.16 in the previous year[39]. - The total cash outflow from operating activities was CNY 8,278,729,114.68, compared to CNY 11,524,054,660.94 in the previous year[39]. - The investment activities generated a net cash outflow of CNY -420,411,371.91, an improvement from CNY -565,000,797.22 in the previous year[39]. - The financing activities generated a cash inflow of CNY 289,780,000.00, down from CNY 1,852,144,800.00 in the previous year[39]. Shareholder Information - The total number of shareholders at the end of the reporting period was 42,226[13]. - The largest shareholder, China Aviation Industry Group, held 72.38% of the shares[13]. - The company plans to implement a restricted stock incentive plan, pending approval from the shareholders' meeting[17]. - The repurchase of 19% equity from shareholders was approved at a transaction price of CNY 19,380,800, pending shareholder decision procedures[18]. Operational Developments - The company is focusing on expanding its market presence and enhancing its product development capabilities[6]. - The company is in the process of transferring 100% equity of Shanghai Shenfei International Trade Co., Ltd., with asset evaluation completed[17]. - The company has approved the transfer of 2.07% equity in AVIC Guizhou Aircraft Co., Ltd. to China Aviation Industry Corporation at a price based on state-owned asset evaluation[17]. - The company reached a settlement regarding a land use rights dispute, resulting in the withdrawal of the lawsuit against it[19]. Research and Development - Research and development expenses for the first nine months of 2018 were ¥77,959,213.25, compared to ¥68,431,974.35 in the same period last year[32].