SMC(SH:600823)2018-10-30 16:00Financial Performance - Operating revenue for the first nine months reached CNY 14.38 billion, a 24.27% increase year-on-year [8]. - Net profit attributable to shareholders rose by 5.76% to CNY 1.48 billion compared to the same period last year [8]. - Basic earnings per share increased by 5.41% to CNY 0.39 [8]. - The company reported a net profit of CNY 14.15 billion, up from CNY 12.90 billion, indicating a growth of approximately 9.7% [19]. - The company's operating profit for the first nine months of 2018 was ¥3,360,721,568.71, compared to ¥3,265,403,979.23 for the same period in 2017 [26]. - The net profit for Q3 2018 was ¥23,664,731.61, significantly higher than ¥7,022,087.85 in Q3 2017, marking a growth of 236.5% [26]. - The total profit (loss) for Q3 2018 was a loss of ¥81,132,421.29, compared to a profit of ¥625,085,051.69 in Q3 2017, marking a significant downturn [31]. Cash Flow - Net cash flow from operating activities decreased by 158.92% to -CNY 2.79 billion [7]. - Operating cash inflow for the period reached CNY 19.36 billion, an increase from CNY 16.18 billion in the previous year, reflecting a growth of approximately 13.4% [35]. - Cash inflow from investment activities totaled CNY 70.59 million, significantly up from CNY 18.81 million year-on-year [36]. - Cash outflow from investment activities was CNY 887.64 million, down from CNY 4.34 billion in the previous year, indicating a reduction of approximately 79.5% [36]. - Total cash inflow from financing activities increased to CNY 17.89 billion, compared to CNY 15.09 billion in the previous year, marking an increase of about 18.5% [36]. - Cash outflow for operating activities was CNY 22.15 billion, compared to CNY 11.44 billion in the previous year, indicating a significant increase of approximately 93.5% [35]. Assets and Liabilities - Total assets increased by 9.48% to CNY 100.64 billion compared to the end of the previous year [7]. - Current assets totaled CNY 63.94 billion, an increase from CNY 57.38 billion, reflecting a growth of about 11.1% [18]. - Total liabilities decreased slightly to CNY 56.38 billion from CNY 57.29 billion, a reduction of about 1.6% [19]. - Long-term borrowings increased significantly to CNY 7.81 billion from CNY 4.99 billion, an increase of approximately 56.4% [19]. - The company's total assets as of Q3 2018 were ¥33,688,995,446.39, down from ¥42,501,159,441.06 in Q3 2017 [22]. Shareholder Information - The total number of shareholders reached 55,112 by the end of the reporting period [10]. - The largest shareholder, Peak Win International Limited, holds 43.73% of the shares [10]. Operational Insights - The company reported a government subsidy income of CNY 18.58 million for the first nine months [9]. - The company has not disclosed any new product or technology developments in this report [6]. - The company has not indicated any significant changes in net profit expectations for the upcoming reporting period [14]. - The company's inventory decreased by 12.90% to ¥26,352,769,391.83 from ¥30,255,103,075.71, primarily due to sales transfers [13]. - The company reported a total of ¥1,469,436,713.09 in undistributed profits as of Q3 2018, down from ¥2,051,615,352.66 in Q3 2017 [22]. Investment and Growth - The company plans to expand its market presence and invest in new technologies to drive future growth [18]. - The company reported a 7.07% increase in investment properties to ¥28,731,520,000.00 from ¥26,835,520,000.00, reflecting new self-owned properties and appreciation [13].