FIRMACO(SH:600967)2018-10-30 16:00Financial Performance - Revenue for the period from January to September decreased by 1.84% to CNY 7.16 billion compared to the same period last year[7] - Net profit attributable to shareholders increased by 9.06% to CNY 349.31 million for the third quarter[8] - Basic and diluted earnings per share rose by 8.95% to CNY 0.207[8] - Total operating revenue for Q3 2018 was CNY 2,078,190,593.78, a decrease of 23.4% compared to CNY 2,712,254,927.09 in Q3 2017[28] - Net profit for Q3 2018 was CNY 61,196,131.41, a decline of 50.9% from CNY 124,464,893.56 in Q3 2017[30] - The total profit for Q3 2018 was CNY 69,642,992.82, compared to CNY 146,195,781.72 in Q3 2017, reflecting a decline of 52.3%[30] Cash Flow - Net cash flow from operating activities surged by 2,146.02% to CNY 1.63 billion for the period from January to September[7] - The company received approximately ¥362.44 million in cash related to operating activities, reflecting a significant increase compared to previous periods[37] - The net cash flow from operating activities for the first nine months of 2018 was ¥1,527,798,062.37, a significant increase from ¥262,370,856.56 in the same period last year, representing a growth of approximately 480%[39] - Total cash inflow from operating activities reached ¥7,616,721,667.77, compared to ¥5,729,566,923.76 in the previous year, indicating a year-over-year increase of about 33%[39] Assets and Liabilities - Total assets increased by 3.42% to CNY 18.80 billion compared to the end of the previous year[7] - Total liabilities reached CNY 10,460,548,027.01, compared to CNY 10,306,829,808.53 at the start of the year, showing a rise of approximately 1.49%[23] - The company's equity increased to CNY 8,335,594,303.88 from CNY 7,867,974,741.25, representing a growth of about 5.93%[23] - Current assets totaled CNY 13,902,848,863.63, up from CNY 13,126,611,790.43, indicating an increase of about 5.89%[21] Shareholder Information - The total number of shareholders at the end of the reporting period was 39,313[12] - The largest shareholder, Inner Mongolia First Machinery Group Co., Ltd., holds 51.68% of the shares[12] Inventory and Receivables - Accounts receivable increased by 41.54% to CNY 1,233,544,862.21 compared to the previous year[15] - Inventory rose by 100.01% to CNY 3,290,559,591.55, indicating a significant increase in unfinished products[15] - Prepayments increased by 55.74% to CNY 5,155,319,646.70, largely due to military advance payments received[16] Expenses - Total operating expenses for Q3 2018 were CNY 2,012,076,394.88, down from CNY 2,566,063,029.56 in Q3 2017, reflecting a decrease of 21.5%[29] - Research and development expenses for Q3 2018 were CNY 45,560,954.37, down from CNY 71,296,629.14 in Q3 2017, a decrease of 36.2%[30] - Sales expenses for Q3 were approximately ¥3.13 million, a decrease of 40.3% compared to ¥5.24 million in the same period last year[34] - Management expenses for Q3 were approximately ¥74.53 million, down 28.5% from ¥104.27 million in the same quarter last year[34] Tax and Financial Income - Total tax and additional fees decreased by 60.57% to CNY 12,813,504.75, attributed to reduced VAT and changes in tax collection periods[17] - The company reported a 43.00% increase in income tax expenses to CNY 61,240,151.99 due to higher profit levels[17] - Financial expenses improved with a net income of CNY -136,830,135.28, reflecting increased investment income[17]