TRIANGLE TYRE(SH:601163)2018-10-26 16:00Financial Performance - Operating income for the first nine months decreased by 8.26% to CNY 5,536,467,673.97 compared to the same period last year[7]. - Net profit attributable to shareholders decreased by 10.57% to CNY 329,765,488.64 compared to the same period last year[7]. - Basic earnings per share decreased by 10.87% to CNY 0.41 compared to the same period last year[8]. - Total revenue for Q3 2018 was CNY 1,856,781,712.72, a decrease of 4.9% compared to CNY 1,952,335,857.15 in Q3 2017[26]. - Year-to-date revenue for the first nine months of 2018 reached CNY 5,536,467,673.97, down from CNY 6,034,729,510.28 in the same period last year, reflecting a decline of 8.3%[26]. - The net profit attributable to the parent company for Q3 2018 was CNY 128,698,859.42, up from CNY 96,816,571.21 in Q3 2017, representing a growth of 32.9%[28]. - The total profit for Q3 2018 was approximately ¥121.72 million, a decrease from ¥288.18 million in the same period last year, representing a decline of 57.8%[31]. - Net profit for Q3 2018 was approximately ¥103.61 million, down from ¥244.84 million year-over-year, indicating a decrease of 57.7%[31]. Assets and Liabilities - Total assets decreased by 1.59% to CNY 14,353,638,547.30 compared to the end of the previous year[7]. - Total liabilities decreased to CNY 5,134,946,274.74 from CNY 6,578,688,250.62, representing a reduction of 21.9%[21]. - Current liabilities totaled CNY 4,221,226,127.26, down from CNY 4,667,740,114.10, a decrease of 9.6%[21]. - Non-current liabilities decreased to CNY 913,720,147.48 from CNY 1,910,948,136.52, a decline of 52.2%[21]. - Cash and cash equivalents were CNY 1,727,828,330.90, down 52.1% from CNY 3,590,086,468.73 at the beginning of the year[23]. - Inventory decreased to CNY 1,290,692,695.79 from CNY 1,464,644,632.12, reflecting a decline of 11.8%[24]. - The company's total equity increased to CNY 9,218,692,272.56 from CNY 8,007,594,083.47, an increase of 15.1%[21]. Cash Flow - Cash flow from operating activities decreased by 39.68% to CNY 287,885,317.47 compared to the same period last year[7]. - Net cash flow from operating activities decreased by 39.68% to ¥287,885,317.47, primarily due to increased advertising expenses[14]. - Cash inflow from investment activities for the first nine months of 2018 was ¥10.58 billion, an increase from ¥8.85 billion year-over-year, reflecting a growth of 19.5%[35]. - The net cash flow from investment activities was negative at ¥1.02 billion for the first nine months of 2018, compared to a positive cash flow of ¥276.14 million in the previous year[35]. - Cash inflow from operating activities totaled approximately $4.22 billion, a decrease of 5.6% compared to $4.47 billion in the previous year[37]. - Net cash flow from operating activities was $91.47 million, down 80.5% from $468.65 million year-over-year[37]. - Total cash outflow from operating activities was approximately $4.13 billion, an increase of 3.1% compared to $4.00 billion last year[37]. Shareholder Information - The total number of shareholders reached 70,440 at the end of the reporting period[10]. - The largest shareholder, Triangle Group Co., Ltd., holds 56.84% of the shares[11]. Government Support and Other Income - Government subsidies recognized in the current period amounted to CNY 25,572,872.90[9]. - Investment income increased by 33.04% to ¥84,468,836.61, driven by higher amounts in financial products and rising yields[14]. - The company reported a 572.53% increase in asset impairment losses to ¥30,396,426.52, primarily due to increased inventory write-downs[14]. Changes in Management - The actual controller of the company changed from Mr. Ding Yuhua to Mr. Ding Mu as of August 28, 2018[16].