Linyang Energy(SH:601222)2018-10-26 16:00Financial Performance - The total operating revenue for the first three quarters reached RMB 2.744 billion, representing a year-on-year increase of 8.71%[6] - The net profit attributable to shareholders for the first three quarters was RMB 647 million, up 17.80% compared to the previous year[6] - In Q3 alone, the operating revenue was RMB 1.131 billion, showing a year-on-year growth of 17.36%[6] - The net profit attributable to shareholders in Q3 was RMB 250 million, an increase of 17.82% year-on-year[6] - The weighted average return on net assets increased by 0.44 percentage points to 6.70%[9] - The company reported a significant increase in other receivables, which rose to CNY 52.18 million from CNY 34.44 million, representing a growth of about 51.4%[22] - Basic earnings per share for Q3 2018 were ¥0.14, compared to ¥0.12 in Q3 2017, indicating a growth of 16.7%[32] - The total comprehensive income for Q3 2018 was ¥251,215,715.64, compared to ¥217,534,828.14 in Q3 2017, reflecting a growth of 15.5%[32] Assets and Liabilities - The company’s total assets at the end of the reporting period were RMB 17.687 billion, a 5.45% increase from the end of the previous year[7] - The net assets attributable to shareholders reached RMB 9.865 billion, reflecting a growth of 5.83% compared to the previous year[7] - Total liabilities reached CNY 7.80 billion, up from CNY 7.31 billion, which is an increase of about 6.3%[24] - The company's equity attributable to shareholders rose to CNY 9.87 billion from CNY 9.32 billion, reflecting an increase of approximately 5.9%[24] - Long-term borrowings increased to CNY 1.81 billion from CNY 1.31 billion, indicating a growth of around 38.1%[23] Cash Flow - The net cash flow from operating activities for the first three quarters was RMB 369 million, a significant increase of 60.24% year-on-year[9] - Cash flow from operating activities increased by 60.24% to RMB 369,239,872.28 due to higher cash receipts from sales[16] - Cash inflow from financing activities totaled ¥1,544,291,532.00, compared to ¥1,505,520,646.63 in the previous period, showing an increase of approximately 2.5%[38] - Net cash flow from financing activities was ¥349,115,532.47, down from ¥704,387,439.79, indicating a decrease of about 50.5%[38] - The cash and cash equivalents at the end of the period stood at ¥926,269,391.05, up from ¥653,120,474.17, representing an increase of about 42%[40] Expenses and Costs - Financial expenses surged by 169.75% to RMB 183,332,711.40 due to increased loan interest and convertible bond interest accruals[16] - The company reported a total operating cost of ¥900,851,777.89 for Q3 2018, which is an increase of 20.2% from ¥749,381,767.46 in Q3 2017[31] - Research and development expenses for Q3 2018 were ¥29,086,885.51, a 2.5% increase from ¥26,420,041.56 in Q3 2017[31] - Sales expenses increased to ¥28.57 million in Q3 2018, up 64.55% from ¥17.34 million in Q3 2017[34] Strategic Initiatives - The company aims to expand in smart distributed energy management, focusing on smart photovoltaics, energy measurement, storage microgrids, and comprehensive energy services[6] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[30] - The company aims to enhance market confidence and stabilize stock prices through its share repurchase plan[19] Investment Activities - The company received tax refunds amounting to ¥40.16 million in the first nine months of 2018, compared to ¥23.54 million in the same period of 2017[37] - Total cash inflow from investment activities was ¥5.91 billion in the first nine months of 2018, compared to ¥2.53 billion in the same period of 2017[37] - The company reported a net cash outflow from investment activities of ¥871.20 million in the first nine months of 2018, an improvement from a net outflow of ¥1.35 billion in the same period of 2017[37]