Zhuzhou Kibing (SH:601636)2018-10-11 16:00Financial Performance - Operating revenue for the first nine months was ¥6.06 billion, representing a year-on-year increase of 10.36%[7] - Net profit attributable to shareholders of the listed company was ¥959.16 million, up 16.27% from the same period last year[7] - Basic earnings per share increased to ¥0.3603, a rise of 14.06% year-on-year[7] - Diluted earnings per share reached ¥0.3584, reflecting a growth of 16.63% compared to the previous year[7] - The company reported a significant increase in prepayments, which rose to CNY 49.06 million from CNY 17.87 million, indicating improved cash flow management[20] - The company’s dividend distribution increased by 71.82% to RMB 901,934,941.38, reflecting a rise in dividend payouts[12] - The total profit for Q3 2018 was ¥366,092,250.79, slightly up from ¥354,870,315.30 in Q3 2017, indicating a growth of 6.83%[28] - The company reported a total profit of CNY 11,539,691.02 for Q3 2018, an increase of 18.7% compared to CNY 9,723,239.83 in Q3 2017[32] Assets and Liabilities - Total assets at the end of the reporting period reached ¥12.82 billion, an increase of 0.82% compared to the end of the previous year[7] - Net assets attributable to shareholders of the listed company amounted to ¥7.41 billion, reflecting a growth of 4.72% year-on-year[7] - Current assets decreased to CNY 1.95 billion from CNY 2.10 billion, primarily due to a reduction in cash and cash equivalents[20] - Current liabilities rose to CNY 2.42 billion from CNY 1.99 billion, driven by an increase in short-term borrowings[21] - Long-term borrowings decreased to CNY 1.74 billion from CNY 1.92 billion, reflecting a strategic reduction in debt[21] - The total liabilities decreased slightly to CNY 5.41 billion from CNY 5.64 billion, suggesting a focus on reducing financial obligations[21] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥1.39 billion, a decrease of 28.43% compared to the previous year[7] - The company reported a decrease in cash flow from operating activities, indicating potential challenges in maintaining liquidity[7] - Cash flow from operating activities generated a net amount of CNY 1,389,730,348.11, a decrease of 28.4% compared to CNY 1,941,825,145.29 in the previous year[35] - Cash inflow from operating activities reached ¥54,613,663.41, up from ¥43,406,921.49, indicating a year-on-year increase of about 25%[38] - Cash outflow for dividend distribution and interest payments increased to ¥804,938,352.00 from ¥421,111,184.14, representing a rise of about 91%[38] Investments and Expenses - Investment income rose significantly by 2,624.54% to 32,778,076.74 from the sale of equity[11] - Research and development expenses for Q3 2018 amounted to ¥89,231,742.45, a significant increase of 58.93% compared to ¥56,068,605.84 in Q3 2017[28] - Cash paid for purchasing goods and accepting services was RMB 1,845,615,542.09, up 74.27% from the previous period, attributed to increased raw material reserves and rising raw material prices[12] - The company’s management expenses for the period were CNY 6,202,226.47, significantly higher than CNY 60,416.23 in the same period last year[32] Shareholder Information - Total number of shareholders reached 87,373[10] - Fujian Qibin Group Co., Ltd. holds 29.38% of shares, with 790,067,250 shares pledged[10] - Yu Qibing, the actual controller of Fujian Qibin Group, holds 14.97% of shares, with 402,500,000 shares pledged[10] - The company’s controlling shareholder has exchanged 83,682,800 shares through convertible bonds, representing 3.11% of the total share capital[18] Operational Developments - The company is actively extending its industrial chain and upgrading technology, with projects in Guangdong, Zhejiang, and Malaysia nearing commercial operation[14] - The company has completed the construction of a 1,000-ton photovoltaic glass substrate production line, which began operations on September 28, 2018[14]