TC(SH:603085)2018-10-30 16:00Financial Performance - Operating revenue for the first nine months reached CNY 619,671,312.47, a 22.59% increase year-on-year[6] - Net profit attributable to shareholders decreased by 17.14% to CNY 40,674,606.58 compared to the same period last year[6] - Basic and diluted earnings per share decreased by 17.65% to CNY 0.14[7] - Non-operating income for the first nine months amounted to CNY 6,997,509.48, primarily from non-current asset disposal gains[7] - The weighted average return on net assets decreased by 1.09 percentage points to 4.11%[7] - The company reported a government subsidy of CNY 4,351,435.12 for the first nine months, which is closely related to its normal business operations[7] - Total operating revenue for the period was CNY 213,670,277.03, a decrease of 3% compared to CNY 221,277,416.42 in the same period last year[24] - Total operating costs amounted to CNY 203,765,891.19, an increase of 2% from CNY 198,995,943.82 in the previous year[25] - Operating profit for the period was CNY 10,643,197.71, down 56% from CNY 24,215,532.30 in the same period last year[25] - Net profit for the first nine months reached CNY 44,953,790.26, compared to CNY 56,279,757.65 in the previous year, reflecting a decline of approximately 20%[25] Cash Flow - Net cash flow from operating activities showed a significant decline, with a net outflow of CNY 69,061,672.51, worsening by 211.53% year-on-year[6] - Cash inflow from operating activities totaled CNY 435,510,259.93, an increase from CNY 405,227,848.62 in the previous year, representing a growth of approximately 7.9%[34] - The net cash flow from operating activities was negative at CNY -69,061,672.51, worsening from CNY -22,168,310.88 year-over-year[35] - Total cash inflow from investment activities was CNY 204,225,461.86, down from CNY 223,236,411.54, indicating a decline of approximately 8.5%[35] - The net cash flow from investment activities was negative at CNY -409,900,156.11, compared to a positive CNY 64,071,224.04 in the previous year[35] - Cash inflow from financing activities reached CNY 675,757,173.78, significantly higher than CNY 80,000,000.00 in the prior year, marking an increase of over 743.4%[35] - The net cash flow from financing activities was CNY 531,951,969.12, compared to CNY 48,341,809.04 in the previous year, showing a substantial improvement[35] - The ending cash and cash equivalents balance was CNY 150,594,131.23, down from CNY 370,538,898.78 year-over-year[36] - The company reported a total cash inflow of CNY 441,118,237.36 from operating activities, which is lower than CNY 480,970,050.98 from the previous year[37] Assets and Liabilities - Total assets increased by 47.92% to CNY 2,257,493,875.92 compared to the end of the previous year[6] - Cash and cash equivalents increased to ¥180,592,131.22, a 45.31% increase year-over-year due to project fund maturity[11] - Goodwill reached ¥440,447,344.74, attributed to the consolidation of the UK subsidiary, which had a starting balance of 0[11] - Short-term borrowings rose to ¥380,261,123.82, a significant increase of 322.51% due to bank loans for working capital[11] - Prepayments increased to ¥78,927,519.13, reflecting a 1600.33% rise from the previous year, also due to the consolidation of the UK subsidiary[11] - Total liabilities amounted to ¥1,259,684,382.62, a 131.36% increase driven by increased bank borrowings and the consolidation of the UK subsidiary[11] - Management expenses surged to ¥61,421,793.77, up 154.73% due to increased personnel and the consolidation of the UK subsidiary[11] - Total liabilities increased to CNY 995,985,764.70 from CNY 551,123,072.23, reflecting an increase of 80.7%[22] - Shareholders' equity rose to CNY 1,007,921,177.76 from CNY 981,535,153.46, an increase of 2.7%[22] Shareholder Information - The total number of shareholders reached 22,335 by the end of the reporting period[9] - The largest shareholder, Zhejiang Tiancheng Keti Co., Ltd., holds 48.78% of the shares, with 140,400,000 shares pledged[9] Production and R&D - The Zhengzhou factory commenced production in September 2018, with expected monthly output of 10,000 to 20,000 sets for the SAIC Group's AP31 project[13] - The company's R&D expenses for the first nine months of 2018 were ¥33,266,037.46, an increase from ¥31,624,221.08 in the same period last year, reflecting a growth of 5.2%[30] Other Expenses - The company's sales expenses for the first nine months of 2018 were ¥35,509,165.75, an increase from ¥32,680,663.27 in the same period last year, reflecting a growth of 8.4%[30] - The financial expenses for the first nine months of 2018 were ¥4,408,870.85, compared to a financial income of -¥6,987,950.53 in the same period last year[30]