Sugon(SH:603019)2018-10-14 16:00Financial Performance - Net profit attributable to shareholders rose by 129.63% to CNY 173.84 million year-to-date[6] - Operating revenue for the first nine months reached CNY 5.46 billion, a 44.06% increase year-on-year[6] - Basic earnings per share increased by 125.00% to CNY 0.27[6] - The company's total profit for the first nine months of 2018 was CNY 215,584,969.34, compared to CNY 102,286,217.07 in the previous year, reflecting a growth of 111%[26] - Net profit for Q3 2018 was CNY 31,885,823.96, a significant increase compared to CNY 3,886,682.57 in Q3 2017, marking an increase of over 718%[26] - The total comprehensive income for Q3 2018 was CNY 40,240,651.88, which is consistent with the net profit figure, indicating no significant other comprehensive income adjustments[30] Asset and Liability Management - Total assets increased by 21.35% to CNY 12.24 billion compared to the end of the previous year[6] - Total liabilities increased to CNY 8,441,889,376.90, up from CNY 6,652,475,585.04, representing a growth of approximately 27% year-over-year[18] - Current liabilities, particularly short-term borrowings, decreased significantly by 27.16% to CNY 2,043,989,772.24, reflecting improved cash management[17] - Long-term equity investments grew by 35.67% to CNY 1,119,432,150.01, attributed to contributions from strategic partnerships[11] - The goodwill decreased by 92.53% to CNY 4,276,485.63, mainly due to the exclusion of certain subsidiaries from consolidation[11] Cash Flow and Financing Activities - Net cash flow from operating activities showed a significant improvement, with a net outflow of CNY 104.15 million compared to a net outflow of CNY 643.06 million in the same period last year[6] - Cash inflow from financing activities totaled ¥3,027,000,000.00, an increase from ¥2,250,000,000.00 in the prior year, reflecting a growth of about 34.4%[35] - Cash received from operating activities increased significantly, with cash received from sales reaching ¥6,149,602,817.59, compared to ¥3,506,387,696.06 last year, marking an increase of approximately 75.0%[34] - The ending cash and cash equivalents balance was ¥1,313,883,115.15, up from ¥709,943,685.85 at the end of the previous year, representing an increase of about 85.0%[35] Research and Development - Research and development expenses increased by 57.85% to CNY 274,799,675.61, reflecting a higher investment in R&D initiatives[12] - Research and development expenses in Q3 2018 amounted to CNY 109,663,855.93, which is a 125% increase from CNY 48,674,195.11 in Q3 2017[24] - Research and development expenses for the first nine months of 2018 totaled CNY 123,582,946.48, significantly higher than CNY 74,519,128.96 in the previous year, indicating a year-over-year increase of about 65.9%[30] Shareholder Information - The total number of shareholders reached 81,036[8] - The largest shareholder, Beijing Zhongke Sanyuan Asset Management Co., Ltd., holds 21.32% of the shares[8] Inventory and Deferred Income - The inventory level rose significantly by 119.30% to CNY 2,819,562,174.60, primarily due to major projects with clients such as China Mobile and ByteDance[11] - The deferred income increased by 82.62% to CNY 1,151,716,099.06, mainly due to government subsidies received during the period[11] - Deferred income tax liabilities increased to CNY 27,286,921.87 from CNY 11,322,368.70, representing a growth of 141%[18] Financial Expenses - The company's financial expenses surged by 87.05% to CNY 100,931,213.17, primarily due to increased average loan rates and higher borrowing[12] - The company incurred financial expenses of CNY 83,913,006.43 for the first nine months of 2018, compared to CNY 36,589,576.17 in the previous year, reflecting an increase of approximately 129.1%[30]