SMIC(SH:600810)2018-10-30 16:00Financial Performance - Net profit attributable to shareholders increased by 879.02% to CNY 566,220,895.29 compared to the same period last year [8]. - Basic earnings per share rose to CNY 1.28, reflecting a 700.00% increase compared to the previous year [8]. - Operating revenue for the first nine months reached CNY 8,641,255,846.32, an increase of 8.38% year-on-year [7]. - The company reported a net profit of CNY 223,961,701.45 for the current period, compared to a loss of CNY 83,967,266.95 in the previous period [26]. - The net profit for Q3 2018 was ¥101,988,684.66, significantly higher than ¥13,564,634.54 in Q3 2017, marking a growth of 651.0% [34]. - The total profit for the first nine months of 2018 was ¥307,928,968.40, compared to ¥27,820,469.42 in the same period last year, reflecting a substantial increase [34]. Assets and Liabilities - Total assets increased by 9.84% to CNY 10,909,366,423.01 compared to the end of the previous year [7]. - The company's net assets attributable to shareholders increased by 22.33% to CNY 3,094,320,624.58 compared to the end of the previous year [7]. - Total liabilities rose to CNY 7,034,206,287.81, compared to CNY 6,946,042,233.74, indicating an increase of about 1.3% [22]. - Owner's equity reached CNY 3,875,160,135.20, up from CNY 2,985,778,237.96, reflecting a significant increase of approximately 29.8% [22]. - The company's total current assets as of September 30, 2018, amounted to RMB 5,355,108,757.05, up from RMB 4,687,072,721.81 at the beginning of the year [20]. Cash Flow - Net cash flow from operating activities increased by 17.38% to CNY 473,464,046.12 for the first nine months [7]. - Cash flow from operating activities for the first nine months of 2018 was ¥473,464,046.12, an increase from ¥403,356,025.29 in the same period last year [39]. - Operating cash inflow for the first nine months of 2018 was CNY 5,715,159,365.22, a decrease of 14.7% compared to CNY 6,703,167,225.70 in the same period last year [42]. - Net cash flow from operating activities for Q3 2018 was CNY 114,966,879.62, down from CNY 214,590,328.92 in Q3 2017, reflecting a decline of 46.6% [43]. - The total cash and cash equivalents at the end of Q3 2018 was CNY 1,080,349,320.23, a decrease from CNY 1,117,464,092.37 at the end of Q3 2017 [43]. Shareholder Information - The total number of shareholders reached 37,090 by the end of the reporting period [12]. - The largest shareholder, China Pingmei Shenma Energy Chemical Group Co., Ltd., holds 49.28% of the shares [12]. Investment and Expenses - Investment income for the first nine months of 2018 reached RMB 268,776,861.18, a 347.23% increase due to higher profits from joint ventures [14]. - The company reported a government subsidy income of CNY 7,404,909.45 for the first nine months [10]. - Research and development expenses for Q3 2018 were approximately 32.08 million, a decrease of 5.55% compared to 33.96 million in Q3 2017 [29]. - Research and development expenses for the first nine months of 2018 were ¥25,998,274.85, down 20.5% from ¥32,645,872.44 in the previous year [33]. Inventory and Receivables - Inventory increased by 32.42% to RMB 867,137,814.22, driven by increased production and rising raw material prices [13]. - Accounts receivable increased to CNY 1,250,152,469.52 from CNY 931,591,652.31, showing a rise of approximately 34.1% [25]. - Other receivables rose by 716.67% to RMB 108,201,533.70, attributed to increased transactions with Tianqi Real Estate [13]. Future Plans - The company is planning a major asset restructuring to integrate the nylon chemical industry chain, which has faced delays due to regulatory compliance issues [16]. - The company plans to expand its market presence and invest in new technologies to drive future growth [30].