GZCBN(SH:600996)2018-10-30 16:00Financial Performance - Operating revenue rose by 15.02% to CNY 2.02 billion year-to-date[6] - Net profit attributable to shareholders decreased by 26.89% to CNY 252.39 million year-to-date[6] - Basic earnings per share fell by 27.27% to CNY 0.24[6] - Year-to-date net profit was CNY 253,417,195.67, down 26.8% from CNY 346,186,629.77 in the same period last year[26] - Net profit for Q3 2018 was CNY 13,121,573.96, a decrease of 48.2% compared to CNY 25,302,467.62 in Q3 2017[26] - The company reported a net profit guidance indicating potential losses or significant changes compared to the same period last year[13] - The company’s total profit for the first nine months was CNY 261,049,355.13, a decrease of about 24.6% from CNY 346,245,663.65 in the previous year[29] Assets and Liabilities - Total assets increased by 37.32% to CNY 11.71 billion compared to the end of the previous year[6] - The company's total liabilities reached CNY 7,339,466,303.68, up from CNY 4,273,129,945.59, indicating a growth of approximately 72.3%[18] - Total current liabilities increased to CNY 6,128,423,809.13 from CNY 3,822,070,021.90, which is an increase of about 60.2%[17] - The total liabilities increased to CNY 7,347,544,372.49, compared to CNY 4,257,044,428.89 in the previous year, indicating a rise in financial obligations[24] - The equity attributable to shareholders increased to CNY 4,316,605,125.35 from CNY 4,202,878,902.66, showing a growth of about 2.7%[18] Cash Flow - Cash flow from operating activities declined by 43.11% to CNY 184.96 million year-to-date[6] - Operating cash flow for the first nine months of 2018 was CNY 184,955,836.45, down from CNY 325,099,070.72 in the previous year, indicating a decrease of about 43.1%[32] - The cash flow from operating activities for the first nine months was CNY 1,660,253,576.29, compared to CNY 1,466,390,367.30 in the previous year, showing an increase of approximately 13.2%[32] - The company incurred a net cash outflow from investment activities of CNY 940,897,259.49, compared to CNY 1,373,111,748.91 in the previous year, indicating a reduction in cash outflow of about 31.5%[33] Research and Development - Research and development expenses increased by 96.93% to CNY 101.46 million year-to-date due to increased personnel and investment in the Shenzhen R&D center[11] - Research and development expenses for Q3 2018 were CNY 49,953,924.26, significantly higher than CNY 16,961,500.39 in Q3 2017, indicating a focus on innovation[25] Shareholder Information - The number of shareholders reached 52,470, with the top ten shareholders holding 92.72% of the shares[8] - The weighted average return on equity decreased by 2.67 percentage points to 5.87%[6] Borrowings - Short-term borrowings surged by 248.10% to CNY 1.46 billion, primarily due to increased bank loans[11] - Long-term borrowings increased to CNY 900,000,000.00 from CNY 200,000,000.00, marking a significant rise of 350%[18] - The company reported a significant increase in cash inflow from financing activities, primarily due to a substantial increase in borrowings, which totaled CNY 2,042,000,000.00 compared to CNY 180,000,000.00 in the previous year[33] Inventory and Accounts Receivable - The company reported a significant increase in accounts receivable by 54.22% to CNY 1.46 billion, attributed to business expansion[11] - Accounts receivable rose to CNY 1,460,302,073.39 from CNY 946,898,565.15, reflecting an increase of approximately 54.3%[16] - The company's inventory increased to CNY 201,889,225.18 from CNY 130,607,273.15, representing a growth of approximately 54.6%[16]