Sugon(SH:603019)2015-10-27 16:00Financial Performance - Operating revenue rose by 37.67% to CNY 2,129,336,801.90 year-to-date[6] - Net profit attributable to shareholders increased by 59.06% to CNY 46,805,121.30 year-to-date[6] - Net profit attributable to shareholders after deducting non-recurring gains and losses surged by 231.71% to CNY 25,357,963.00 year-to-date[6] - Basic and diluted earnings per share improved by 23.08% to CNY 0.16[7] - Operating revenue grew by 37.67% to ¥2,129,336,801.90, driven by the expansion of core business[13] - Net profit increased by 56.51% to ¥46,391,404.17, reflecting growth in the company's main business profitability[13] - Total operating revenue for Q3 was ¥858,105,900.65, a 70.9% increase from ¥502,088,511.43 in the same period last year[28] - Total operating costs for Q3 were ¥849,111,164.65, up from ¥505,488,172.84, reflecting a 67.9% year-over-year increase[28] - Operating profit for Q3 was ¥8,402,902.85, compared to a loss of ¥3,340,707.34 in the same period last year[29] - Net profit for Q3 reached ¥10,537,168.89, a significant increase from ¥6,096,162.92 year-over-year[29] - The total profit for the first nine months of 2015 was ¥53.14 million, compared to ¥23.67 million for the same period in 2014, reflecting a growth of 124.5%[34] Assets and Liabilities - Total assets increased by 18.56% to CNY 3,462,942,123.67 compared to the end of the previous year[6] - Current assets totaled CNY 2,154,202,517.22, compared to CNY 1,726,034,184.84, reflecting an increase of about 24.8%[20] - Total liabilities reached CNY 2,205,806,350.31, up from CNY 1,726,325,728.86, indicating a growth of approximately 27.7%[21] - Owner's equity increased to CNY 1,257,135,773.36 from CNY 1,194,449,146.06, showing a rise of about 5.2%[21] - Accounts receivable increased to CNY 1,073,304,696.78 from CNY 833,815,698.11, representing a growth of about 28.8%[25] - Inventory rose to CNY 445,287,295.77 from CNY 246,220,865.82, reflecting an increase of approximately 80.9%[25] - Short-term borrowings increased by 101.74% to ¥852,700,000.00, primarily for working capital loans[12] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -534,913,286.10 year-to-date, compared to CNY -256,814,392.54 in the same period last year[6] - Cash and cash equivalents at the end of the period amounted to ¥443,701,882.09, down from ¥565,752,814.56 at the beginning of the year, representing a decrease of approximately 21.6%[19] - Cash flow from operating activities decreased by 108.29% to -¥534,913,286.10, mainly due to increased procurement payments and operating expenses[14] - The company’s cash flow from operating activities remains a concern, with a negative net cash flow indicating potential challenges in sustaining operations without further financing[39] - Total cash inflow from operating activities increased to 1,810,381,417.72 RMB, up from 1,326,979,218.14 RMB year-on-year, reflecting a growth of approximately 36.4%[39] - Cash outflow from operating activities rose to 2,180,639,675.28 RMB, compared to 1,556,049,492.88 RMB in the previous year, marking an increase of about 40.1%[39] Shareholder Information - The total number of shareholders reached 24,458 at the end of the reporting period[10] - The largest shareholder, Beijing Zhongke Suanyuan Asset Management Co., Ltd., holds 22.846% of the shares[10] - The company has commitments to avoid competition with related parties, as detailed in the IPO prospectus, with a commitment period extending indefinitely[18] - The company has made commitments to stabilize its stock price, with a commitment period from November 6, 2014, to November 5, 2017[18] - The company has a commitment to not reduce its shareholdings through secondary market transactions for six months following the end of the lock-up period[18] Government Support and Subsidies - The company received government subsidies amounting to CNY 7,970,887.56 year-to-date[8] Inventory and Receivables - Accounts receivable increased by 38.42% to ¥789,892,218.26, primarily due to increased sales activities[12] - Inventory rose by 99.31% to ¥628,682,217.15, mainly attributed to the increase in goods and raw materials[12] - The company reported a significant increase in accounts receivable, indicating improved sales performance and customer demand[19]