CHANGHONG(SH:600839)2018-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 57.84 billion, a 5.48% increase year-on-year[6] - Net profit attributable to shareholders was CNY 205.08 million, up 43.92% from the same period last year[6] - Basic earnings per share rose to CNY 0.0444, reflecting a 43.92% increase year-on-year[7] - The company reported a significant increase in net profit after excluding non-recurring items, reaching CNY 46.38 million[6] - The company reported a net profit of CNY 4.67 billion, up from CNY 4.52 billion, indicating a growth of about 3.31% year-over-year[23] - Net profit for Q3 2018 was approximately ¥111.33 million, compared to ¥60.60 million in Q3 2017, representing an increase of 83.61%[30] - The company reported a total profit of CNY 32,283,708.13 for Q3 2018, compared to a loss of CNY 160,758,058.43 in Q3 2017, indicating a turnaround in financial performance[34] Cash Flow - Cash flow from operating activities surged by 317.50% to CNY 1.12 billion compared to the previous year[6] - The net cash flow from operating activities surged by 317.50% to RMB 112,398.36 million, driven by changes in sales and procurement settlement structures[13] - Cash inflow from operating activities for the period reached ¥59.67 billion, an increase of 4.5% compared to ¥56.66 billion in the same period last year[37] - Cash inflow from financing activities was ¥15.65 billion, compared to ¥14.96 billion in the previous year, reflecting an increase of approximately 4.6%[38] - The company experienced a net decrease in cash and cash equivalents of ¥2.70 billion, compared to an increase of ¥835.23 million in the same period last year[39] Assets and Liabilities - Total assets increased by 5.37% to CNY 72.05 billion compared to the end of the previous year[6] - The company's current assets totaled CNY 51.74 billion, up from CNY 49.81 billion, indicating an increase of about 3.87%[21] - The total liabilities reached CNY 50.68 billion, compared to CNY 45.81 billion at the beginning of the year, reflecting a rise of approximately 10.06%[22] - The total assets as of Q3 2018 amounted to approximately ¥27.96 billion, an increase from ¥26.57 billion in Q3 2017, reflecting a growth of 5.24%[27] - Total liabilities as of Q3 2018 were approximately ¥18.99 billion, compared to ¥17.31 billion in Q3 2017, indicating an increase of 9.69%[27] Shareholder Information - The total number of shareholders reached 323,395 by the end of the reporting period[9] - The largest shareholder, Sichuan Changhong Electronics Holding Group, holds 23.22% of the shares[9] - The total equity attributable to shareholders decreased to CNY 12.95 billion from CNY 14.61 billion, a decline of approximately 11.38%[23] Investment and Expenses - Financial expenses skyrocketed by 7858.49% from RMB 705.42 million to RMB 56,140.81 million, primarily due to increased loan interest and exchange losses[13] - Investment income decreased by 76.26% from RMB 28,456.19 million to RMB 6,755.12 million due to significant gains from the transfer of subsidiaries in the previous period[13] - Research and development expenses for Q3 2018 were approximately ¥273.11 million, an increase of 8.67% from ¥252.77 million in Q3 2017[30] - Research and development expenses for Q3 2018 were CNY 22,136,697.81, compared to CNY 29,676,003.33 in Q3 2017, reflecting a focus on cost management[33] Other Financial Metrics - Non-recurring gains and losses amounted to CNY 90.07 million for the current period[8] - The company's goodwill increased by 66.94% from RMB 26,895.98 million to RMB 44,899.99 million due to acquisitions of Longhong Sanjie New Energy and Longhong Huayi[12] - The company experienced a significant change in fair value gains, reporting CNY 86,113,674.63 in Q3 2018, compared to a loss of CNY 32,646,787.52 in Q3 2017[34] - Total comprehensive income for Q3 2018 reached CNY 79,752,300.34, up from CNY 66,709,218.45 year-over-year[32]