VITI(SH:603023)2018-10-25 16:00Financial Performance - Net profit attributable to shareholders rose by 9.17% to CNY 36,197,875.52 for the first nine months of the year[6]. - Operating revenue for the first nine months reached CNY 116,319,540.22, reflecting a growth of 15.73% year-on-year[6]. - Operating profit for the first nine months of 2018 reached CNY 42,664,243.16, compared to CNY 37,981,563.27 in the previous year, indicating a growth of about 7%[21]. - The company reported a net cash flow from operating activities of CNY 27,715,066.91 for the first nine months of 2018, compared to CNY 26,883,788.59 in the same period last year, showing a slight increase of about 3%[25]. - The company recorded investment income of CNY 3,222,539.92 for the first nine months of 2018, an increase from CNY 2,884,998.64 in the same period last year, reflecting a growth of about 12%[21]. - Total revenue from sales of goods and services for the first nine months of 2018 was CNY 126,819,348.30, slightly down from CNY 128,421,050.97 in the previous year[25]. Assets and Liabilities - Total assets increased by 29.53% to CNY 799,519,914.51 compared to the end of the previous year[6]. - The total assets of the company as of September 30, 2018, amounted to CNY 799,519,914.51, an increase from CNY 617,246,147.75 at the beginning of the year[18]. - The company's total liabilities increased to CNY 177,174,533.21 from CNY 54,883,587.70, reflecting the issuance of convertible bonds[18]. - The company's cash and cash equivalents surged by 266.68% to CNY 270,771,937.38 due to funds raised from a convertible bond issuance[11]. - Cash and cash equivalents at the end of Q3 2018 amounted to CNY 270,771,937.38, up from CNY 175,618,175.40 at the end of Q3 2017, representing an increase of approximately 54%[26]. Shareholder Information - The number of shareholders reached 19,296, indicating a broadening shareholder base[8]. Government Support and Financing - The company received government subsidies totaling CNY 50,000 related to high-tech enterprise support[9]. - The company issued CNY 200 million in convertible bonds on July 20, 2018, which were approved by the China Securities Regulatory Commission[13]. - The company issued bonds in Q3 2018, raising CNY 200,000,000.00 as part of its financing activities[26]. Expenses and Cash Flow - Cash flow from operating activities for the first nine months was CNY 27,715,066.91, up 3.09% from the previous year[6]. - Financial expenses increased to CNY 666,226.79, a rise of 138.46% compared to a negative CNY 1,732,460.47 in the previous period, primarily due to accrued interest on convertible bonds[12]. - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets decreased by 71.79% to CNY 12,440,138.48 from CNY 44,096,302.24 in the previous period[12]. Inventory and Receivables - Inventory increased by 45.77% to CNY 98,974,997.56, attributed to rising raw material prices and extended supply cycles[11]. - The company reported a decrease in accounts receivable to CNY 164,518,777.88 from CNY 193,111,114.65, a reduction of approximately 14.8%[16]. Research and Development - Research and development expenses for Q3 2018 totaled CNY 3,150,046.29, down from CNY 3,985,298.70 in Q3 2017, reflecting a decrease of approximately 21%[21]. Profitability Metrics - The weighted average return on equity increased by 0.16 percentage points to 6.37%[6]. - The net profit for Q3 2018 was CNY 2,373,814.59, a decrease from CNY 11,813,777.48 in the same period last year, representing a decline of approximately 80%[22]. - Operating income for Q3 2018 was CNY 23,497,413.87, down from CNY 42,405,436.66 in Q3 2017, indicating a decline of about 44.7%[20]. - The company’s basic earnings per share for Q3 2018 was CNY 0.01, compared to CNY 0.03 in the same period last year, reflecting a decline of approximately 67%[22].