SNAT(SH:600841)2018-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 3,264,102,128.22, a 21.46% increase year-on-year[6] - Net profit attributable to shareholders increased by 19.60% to CNY 114,931,658.41 compared to the same period last year[6] - Total operating revenue for Q3 2018 reached ¥1,057,343,036.05, a 18.7% increase from ¥891,108,035.56 in Q3 2017[21] - Operating profit for Q3 2018 was ¥28,521,053.26, compared to ¥26,924,274.42 in Q3 2017, reflecting a growth of 5.9%[21] - Net profit attributable to the parent company for Q3 2018 was ¥33,221,845.24, up 8.5% from ¥30,793,039.42 in Q3 2017[22] - The company achieved a net profit of ¥112,807,737.20 for the first nine months of 2018, a 18.4% increase from ¥95,368,961.33 in the same period of 2017[21] - The total comprehensive income for the first nine months of 2018 reached ¥113.62 million, compared to ¥94.83 million in the previous year, indicating a year-over-year increase of 19.7%[24] Cash Flow - Cash flow from operating activities turned positive with a net amount of CNY 8,880,173.65, compared to a negative CNY 73,010,123.60 in the previous year[6] - Cash flow from operating activities for the first nine months of 2018 was ¥8.88 million, a significant recovery from a negative cash flow of ¥73.01 million in the same period last year[28] - The company reported cash inflows from operating activities totaling ¥3.26 billion, up from ¥2.38 billion year-over-year, reflecting a growth of 37.2%[28] - Cash outflows for operating activities were ¥3.25 billion, compared to ¥2.45 billion in the previous year, marking an increase of 32.5%[28] - The company’s total cash inflow from operating activities for the first nine months was ¥3.24 billion, an increase from ¥2.37 billion year-over-year, indicating a growth of 36.4%[32] Assets and Liabilities - Total assets increased by 7.96% to CNY 7,188,138,334.80 compared to the end of the previous year[6] - Total liabilities reached CNY 3,482,492,142.93, compared to CNY 3,030,607,086.19 at the beginning of the year, reflecting an increase of 14.87%[17] - The company's equity attributable to shareholders increased to CNY 3,704,541,524.13, up from CNY 3,624,077,804.11, indicating a growth of 2.21%[17] - Current assets totaled CNY 5,209,903,396.64, an increase of 8.69% from CNY 4,793,343,960.52 at the start of the year[16] - Non-current assets totaled CNY 1,978,234,938.16, an increase of 6.09% from CNY 1,864,569,518.73 at the start of the year[16] Shareholder Information - The number of shareholders reached 49,620 by the end of the reporting period[8] Research and Development - Research and development expenses increased by 12.90% year-on-year, driven by new product development costs and rising labor costs[11] - Research and development expenses for Q3 2018 totaled ¥32,810,160.25, slightly down from ¥33,742,324.28 in Q3 2017[21] Inventory and Receivables - Accounts receivable increased by 28.40% compared to the beginning of the year, reflecting the company's credit policy and industry characteristics[10] - Accounts receivable rose significantly to CNY 2,769,252,426.29, up from CNY 2,156,672,839.62, marking an increase of 28.43%[16] - Inventory decreased to CNY 337,476,561.20 from CNY 405,777,438.81, a decline of 16.77%[16] Operating Costs - Operating costs increased by 23.95% year-on-year, primarily due to higher diesel engine sales[11] - The total operating cost for Q3 2018 was ¥1,048,790,532.39, an increase of 17.7% from ¥891,358,089.84 in Q3 2017[21] Dividends and Investment Income - The company distributed dividends totaling ¥33.29 million in Q3 2018, compared to ¥30.19 million in the same quarter last year, reflecting an increase of 6.9%[29] - Investment income for Q3 2018 was ¥17,114,559.34, down from ¥24,865,109.26 in Q3 2017, reflecting a decrease of 31.1%[21] Other Financial Metrics - The weighted average return on equity increased by 0.43 percentage points to 3.13%[6] - Earnings per share for Q3 2018 were ¥0.043, compared to ¥0.031 in Q3 2017, representing a 38.7% increase[22] - The total comprehensive income for Q3 2018 was ¥30,207,325.49, down from ¥33,203,743.19 in Q3 2017[22] - The net profit from continuing operations for Q3 2018 was approximately ¥34.63 million, an increase from ¥21.17 million in the same period last year, representing a growth of 63.5%[24] - The impact of exchange rate changes on cash and cash equivalents was positive at ¥24.46 million for the first nine months of 2018, contrasting with a negative impact of ¥15.54 million in the previous year[29]