Sinoma-int(SH:600970)2018-10-25 16:00Financial Performance - Operating revenue for the first nine months reached CNY 14,166,977,243.50, a 6.62% increase year-on-year[6] - Net profit attributable to shareholders increased by 40.86% to CNY 1,010,806,095.65 compared to the same period last year[6] - Basic and diluted earnings per share increased by 41.46% to CNY 0.58[7] - The company reported a significant increase in net profit excluding non-recurring gains and losses, which rose by 54.69% to CNY 1,051,807,247.05[6] - Net profit for the first nine months reached ¥1,012,786,342.89, compared to ¥723,693,822.95 in the same period last year, reflecting a year-over-year increase of approximately 39.93%[32] - The total profit for the first nine months of 2018 was CNY 586,629,925.26, compared to CNY 498,664,540.40 in the previous year, showing an increase of about 17.6%[37] Assets and Liabilities - Total assets increased by 4.42% to CNY 31,028,301,185.51 compared to the end of the previous year[6] - The company's total liabilities reached 22,356,948,778.11 RMB, compared to 21,769,764,237.24 RMB at the beginning of the year[24] - The company's current assets totaled 22,019,972,723.59 RMB, slightly down from 22,354,475,896.78 RMB at the start of the year[23] - Long-term receivables increased by 50.54% to RMB 3,912,739,183.29 compared to the previous period[12] - Total liabilities decreased slightly to ¥7,877,852,321.05 from ¥7,882,748,170.47, a reduction of about 0.06%[29] Cash Flow - Net cash flow from operating activities decreased significantly by 2,746.07% to -CNY 2,134,273,034.46 compared to the same period last year[6] - Cash received from operating activities increased by 81.32% to RMB 644,460,364.36, reflecting improved cash flow management[12] - Operating cash inflow for the first nine months was CNY 13,776,273,854.55, down 20.5% from CNY 17,382,547,992.01 in the previous year[39] - Cash inflow from financing activities totaled CNY 3,255,903,601.41, an increase of 15.7% from CNY 2,814,602,544.26 in the previous year[40] - The ending balance of cash and cash equivalents was CNY 5,975,827,231.55, down from CNY 9,797,770,200.29 at the end of the previous year[40] Shareholder Information - The total number of shareholders reached 85,822 by the end of the reporting period[10] - The largest shareholder, China National Materials Group Corporation, holds 40.03% of the shares[10] - The company plans to repurchase 16,610,945 shares from performance compensators at a total price of 1 RMB, with cash dividends of 299,631.61 RMB to be returned for the frozen shares[19] Research and Development - R&D expenses rose by 34.61% to RMB 330,383,854.49, indicating increased investment in innovation[12] - Research and development expenses for Q3 amounted to ¥90,788,673.41, up from ¥75,138,381.90 in the same quarter last year, an increase of about 20.79%[32] - Research and development expenses for Q3 2018 were CNY 34,926,141.94, up from CNY 20,794,196.12 in Q3 2017, marking an increase of approximately 68.0%[36] Legal and Tax Issues - The company faced ongoing litigation related to steel trading, with uncertain impacts on financial results[15] - The company is dealing with tax disputes in Saudi Arabia from 2006-2008, with uncertain outcomes affecting financial forecasts[17] - The company has not fulfilled performance commitments related to the acquisition of Anhui Jiyuan Environmental Technology Co., Ltd., with a total net profit of RMB 256,406,312.23 falling short of the promised RMB 300 million[18] Other Financial Metrics - The company reported a significant increase in other income, totaling ¥5,655,622.20 for the first nine months, compared to ¥3,618,359.83 in the previous year, reflecting a growth of approximately 56.49%[32] - The company’s financial expenses showed a significant reduction, with a net financial cost of -¥233,449,243.53 for the first nine months, compared to ¥271,740,344.10 in the previous year[32] - The company reported a net loss from continuing operations of CNY 15,900,771.26 in Q3 2018, compared to a profit of CNY 71,262,844.70 in Q3 2017[37]