SPM(SH:601900)2018-10-29 16:00Financial Performance - Net profit attributable to shareholders rose by 8.43% to CNY 483,488,502.76 year-on-year[7] - The company reported a net profit excluding non-recurring gains and losses of CNY 429,482,865.10, an increase of 16.13% year-on-year[7] - Basic earnings per share increased to CNY 0.54, up 1.89% from the previous year[7] - Net profit for Q3 2018 was ¥229,820,378.73, compared to ¥221,572,680.78 in Q3 2017, reflecting a growth of about 3.3%[31] - Net profit for Q3 2018 was ¥170.97 million, up 13.2% from ¥151.02 million in Q3 2017[35] Revenue and Operating Performance - Operating revenue for the first nine months increased by 3.69% to CNY 4,014,632,665.60 compared to the same period last year[7] - Operating revenue for Q3 2018 reached ¥631.24 million, an increase of 8.1% compared to ¥583.95 million in Q3 2017[34] - Total operating revenue for Q3 2018 reached ¥1,731,056,142.01, a slight increase from ¥1,730,938,132.83 in the same period last year[29] - Total revenue of CNY 913,659,544.19 from sales of goods and services, down from CNY 1,003,086,976.03 year-on-year[42] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 47.44% to CNY 210,781,412.51 compared to the previous year[7] - Cash flow from operating activities for the first nine months of 2018 was CNY 327,972,863.80, an increase of 10.5% compared to CNY 296,191,812.98 in the same period last year[42] - Total cash inflow from operating activities reached CNY 1,535,301,341.81, up from CNY 1,064,914,736.42 year-on-year, indicating a significant growth in operational efficiency[42] - Cash and cash equivalents decreased to ¥1,063,716,861.52 from ¥1,839,162,121.88, a decline of approximately 42.2%[21] - Cash flow from financing activities showed a net outflow of -CNY 201,801,245.46, compared to -CNY 130,663,274.77 in the same period last year, reflecting increased dividend payments[43] Assets and Liabilities - Total assets increased by 9.74% to CNY 9,987,390,767.47 compared to the end of the previous year[7] - Total liabilities increased significantly by 996.64% to ¥131,966,251.73 from ¥12,033,670.96, mainly due to accrued tax liabilities from autumn textbook sales[14] - Total current assets increased to ¥4,663,833,284.08 from ¥4,266,688,540.27, representing a growth of approximately 9.3%[21] - Total non-current assets reached ¥5,323,557,483.39, up from ¥4,834,639,619.77, indicating an increase of about 10.1%[22] - The company's total liabilities reached ¥3,152,570,437.89, up from ¥2,723,839,990.20 year-over-year, indicating an increase of approximately 15.8%[30] Shareholder Information - The number of shareholders reached 35,201 by the end of the reporting period[11] - The largest shareholder, Guangdong Publishing Group Co., Ltd., holds 69.96% of the shares[11] Costs and Expenses - Operating costs increased by 1.73% to ¥2,718,354,272.35 from ¥2,672,219,996.05, in line with revenue growth and sales structure adjustments[14] - Financial expenses surged by 154.87% to ¥3,748,708.45 from -¥6,831,668.88, attributed to interest payments on short-term loans[14] - Other income decreased by 18.62% to ¥72,925,688.76 from ¥89,614,308.61, primarily due to reduced government subsidy project income[15] - The company’s sales expenses decreased to ¥2.13 million in Q3 2018 from ¥2.93 million in Q3 2017, a reduction of 27.1%[34] - The company’s management expenses decreased to ¥12.34 million in Q3 2018, down from ¥13.14 million in Q3 2017, indicating a cost control strategy[34] Investment Activities - Investment income dropped by 59.42% to ¥22,514,475.48 from ¥55,482,794.63, due to the previous year's consolidation of an education company and reduced financial returns[15] - The company received CNY 913,843,423.81 from investment activities, a decrease from CNY 1,725,072,218.66 in the previous year[43] - Cash outflow from investing activities was CNY 1,289,395,669.38, a decrease from CNY 2,312,179,204.46 in the previous year, reflecting a reduction in capital expenditures[43]