People.cn (SH:603000)2018-10-26 16:00Financial Performance - Net profit attributable to shareholders increased by 320.34% to CNY 67,759,171.32 for the first nine months of the year[5] - Operating revenue for the first nine months reached CNY 983,181,985.42, a 7.48% increase year-on-year[5] - Basic and diluted earnings per share increased by 500% to CNY 0.06[6] - The net profit after deducting non-recurring gains and losses increased by 755.82% to CNY 58,222,528.67[5] - Net profit attributable to the parent company increased by 320.34% year-on-year, driven by steady growth in traditional business revenue and effective cost control[13] - Net profit for Q3 2018 reached CNY 102,656,373.03, compared to CNY 52,813,841.60 in Q3 2017, reflecting a significant increase of approximately 94.5%[30] - The company reported a total profit of CNY 103,213,326.10 for Q3 2018, significantly higher than CNY 52,327,579.21 in Q3 2017, representing an increase of about 96.9%[30] - The net profit for the third quarter of 2018 was 75,909,183.65 CNY, showing a significant increase compared to 39,642,472.79 CNY in the same period last year[33] Cash Flow - Net cash flow from operating activities surged by 269.31% to CNY 74,888,028.03 compared to the same period last year[5] - Net cash flow from operating activities significantly increased year-on-year, as cash collections from business operations exceeded the same period last year[13] - Net cash flow from investing activities significantly increased year-on-year, due to the receipt of equity disposal proceeds from subsidiaries[13] - Net cash flow from financing activities increased by 60.63% year-on-year, primarily due to profit distribution by a subsidiary in the previous year[13] - The net cash flow from operating activities for the first nine months of 2018 was 74,888,028.03 CNY, a substantial increase from 20,277,565.64 CNY in the previous year[35] - The cash flow from investment activities showed a net inflow of 1,909,170.20 CNY, contrasting with a net outflow of 22,151,072.18 CNY in the same period last year[36] - The company experienced a negative cash flow from financing activities of -48,556,097.52 CNY, an improvement from -123,319,197.52 CNY in the previous year[36] Assets and Liabilities - Total assets increased by 1.48% to CNY 3,704,951,679.74 compared to the end of the previous year[5] - Total liabilities increased to CNY 712,744,872.53 from CNY 694,213,800.97, marking a rise of 2.3%[22] - Shareholders' equity totaled CNY 2,992,206,807.21, up from CNY 2,956,744,308.64, indicating a growth of 1.2%[22] - Current liabilities amounted to CNY 687,708,695.27, an increase of 4.0% from CNY 661,109,792.59[22] - Non-current liabilities decreased to CNY 25,036,177.26 from CNY 33,104,008.38, a decline of 24.4%[22] - Cash and cash equivalents were CNY 269,585,514.35, down from CNY 280,628,142.56, a decrease of 4.0%[24] - Accounts receivable increased to CNY 249,755,997.41 from CNY 212,551,833.35, reflecting a growth of 17.5%[24] Revenue and Expenses - Other income increased by 82.13% year-on-year, primarily due to government subsidies recognized in the current period amounting to 6 million RMB[13] - The company’s total operating costs for the first nine months of 2018 were CNY 946,704,319.08, compared to CNY 934,485,177.00 in the same period of 2017, showing a slight increase of approximately 1.5%[32] - Operating costs for Q3 2018 were CNY 109,173,733.05, down from CNY 119,467,068.05 in Q3 2017, indicating a decrease of about 8.4%[32] - Research and development expenses for Q3 2018 were CNY 5,346,646.52, slightly up from CNY 5,295,461.68 in Q3 2017[32] Shareholder Information - The total number of shareholders reached 62,361 by the end of the reporting period[9] - The largest shareholder, People's Daily, holds 48.43% of the shares[9] Strategic Goals - The company aims to strengthen its competitive advantage in internet news and advertising services, with commitments from its controlling shareholder to avoid engaging in similar businesses[15]