SXBN(SH:600831)2018-10-30 16:00Financial Performance - Net profit attributable to shareholders decreased by 3.86% to CNY 118,609,650.80 for the first nine months of the year[7]. - Operating revenue for the first nine months increased by 8.90% to CNY 2,188,640,075.83 compared to the same period last year[7]. - The company reported a significant increase of 752.46% in notes receivable, reaching CNY 14,281,522.93[12]. - Total revenue for Q3 2018 reached ¥653,339,578.18, slightly up from ¥652,068,146.86 in Q3 2017, with year-to-date revenue increasing to ¥2,188,640,075.83 from ¥2,009,730,585.14[29]. - The company reported a total profit of approximately ¥728.36 million for Q3 2018, down from ¥5.02 million in Q3 2017[34]. - The total comprehensive income for Q3 2018 was approximately ¥1.36 million, a decrease of 81.0% compared to ¥7.15 million in Q3 2017[32]. - The company’s financial performance indicates a significant decline in net profit, suggesting potential challenges in operational efficiency or market conditions[34]. Cash Flow - Net cash flow from operating activities decreased significantly by 66.66% to CNY 164,837,622.85[7]. - Cash inflow from operating activities totaled ¥1,906,409,277.41, a decrease of 11.14% compared to ¥2,145,282,371.35 in the previous year[38]. - Net cash flow from operating activities was ¥164,837,622.85, down 66.71% from ¥494,444,122.42 year-on-year[39]. - Cash outflow from investing activities reached ¥1,307,670,077.77, an increase of 4.46% compared to ¥1,251,707,611.61 in the previous year[39]. - Cash inflow from financing activities amounted to ¥1,403,008,175.00, significantly up from ¥407,900,000.00 year-on-year[39]. - Net cash flow from financing activities was ¥724,609,237.73, a turnaround from -¥181,589,722.98 in the previous year[39]. - The ending cash and cash equivalents balance was ¥620,659,066.36, an increase from ¥416,024,424.39 in the previous year[39]. Assets and Liabilities - Total assets increased by 12.46% to CNY 8,137,630,832.90 compared to the end of the previous year[7]. - Total current assets increased by 48.90% to approximately ¥2.72 billion, driven by increases in financial products and accounts receivable[13]. - The company's total liabilities reached 4.8657 billion RMB, compared to 4.1675 billion RMB at the beginning of the year, indicating an increase of about 16.7%[23]. - Non-current liabilities rose by 53.93% to approximately ¥1.63 billion, primarily due to the issuance of convertible bonds and increased government subsidies[13]. - The company's equity attributable to shareholders rose to 3.1923 billion RMB from 2.9531 billion RMB, marking an increase of approximately 8.1%[23]. Shareholder Information - The total number of shareholders reached 40,511, with the largest shareholder holding 33.60% of the shares[10]. - The company appointed a new chairman, Wang Liqiang, following the resignation of the previous chairman due to age reasons[15]. Government Subsidies and Investments - The company received government subsidies amounting to CNY 2,455,981.17 during the reporting period[9]. - The company received a national investment subsidy of 150 million RMB for the "Hundred Megabytes Rural" project, which was credited to its account by September 30[17]. - The company raised approximately ¥800 million from the issuance of convertible bonds during the reporting period[15]. - The company plans to use up to ¥300 million of idle raised funds temporarily to supplement working capital[16]. Operational Costs and Expenses - Total operating costs for Q3 2018 were ¥652,378,060.12, compared to ¥646,146,701.08 in Q3 2017, with year-to-date costs rising to ¥2,079,763,861.51 from ¥1,895,280,608.49[30]. - Operating costs for Q3 2018 were approximately ¥320.02 million, up 34.2% from ¥238.39 million in Q3 2017[33]. - The company reported a 62.67% decrease in employee compensation payable, amounting to approximately ¥39.78 million, due to the settlement of last year's performance bonuses[13]. - Research and development expenses were not explicitly detailed but are part of the overall operational costs[34].