GUILIN FUDA (SH:603166)2018-10-26 16:00Financial Performance - Operating revenue for the first nine months reached CNY 1,063,038,064.69, a year-on-year increase of 9.66%[7] - Net profit attributable to shareholders decreased by 24.45% to CNY 79,885,824.44, primarily due to a gain from the transfer of a subsidiary in the previous year[7] - Basic earnings per share fell by 27.78% to CNY 0.13[7] - Net profit for the first nine months was CNY 79,531,595.46, a decrease of 24.8% compared to CNY 105,741,186.94 in the same period last year[29] - Operating profit for the third quarter was CNY 13,699,910.63, down 46.1% from CNY 25,378,620.88 in the previous year[29] - Total comprehensive income attributable to the parent company for Q3 2018 was CNY 12,434,791.60, compared to CNY 23,430,149.80 in Q3 2017[30] Cash Flow - Net cash flow from operating activities increased by 62.29% to CNY 310,834,441.69 compared to the same period last year[7] - Cash flow from operating activities for the first nine months of 2018 was CNY 310,834,441.69, an increase of 62.2% from CNY 191,525,930.54 in the same period of 2017[35] - The total cash inflow from operating activities for the first nine months was CNY 185,411,866.91, compared to CNY 120,983,088.95 in the previous year, marking a growth of approximately 53.4%[38] - The net cash flow from operating activities for the first nine months of 2018 was CNY 2,794,318.78, a significant improvement compared to a net outflow of CNY 83,877,423.39 in the same period last year[39] - Net cash flow from investing activities decreased by 74.28% year-on-year, amounting to -¥100,435,289.87, primarily due to increased payments for equipment purchases[14] - The total cash flow from investment activities for the third quarter was -CNY 31,665,271.25, indicating a continued investment strategy despite cash outflows[39] Assets and Liabilities - Total assets increased by 6.54% to CNY 3,367,337,848.03 compared to the end of the previous year[7] - Current liabilities increased to CNY 258,305,557.84, up 30.9% from CNY 197,043,186.95 at the beginning of the year[24] - Cash and cash equivalents increased by 184.07% year-on-year, reaching ¥422,313,118.76, primarily due to the recovery of temporary working capital of ¥350 million[12] - Accounts payable and notes payable grew by 39.50% year-on-year, reaching ¥351,398,641.58, primarily due to the settlement of goods using notes payable[13] - Other current assets decreased by 80.64% year-on-year, totaling ¥16,026,857.63, mainly due to the redemption of financial products and a reduction in deductible VAT[13] Shareholder Information - The total number of shareholders reached 27,073 by the end of the reporting period[10] - The largest shareholder, Fuda Holdings Group, holds 69.00% of the shares, with 260,839,613 shares pledged[10] Research and Development - Research and development expenses for the first nine months totaled CNY 49,840,824.03, a decrease of 2.7% compared to CNY 51,220,532.87 in the previous year[29] - Research and development expenses for Q3 2018 were CNY 2,123,224.54, a decrease of 41.9% from CNY 3,652,461.26 in Q3 2017[33] Other Income and Expenses - The company reported non-operating income of CNY 5,829,886.00 for the current period[8] - The company reported a significant increase in other income to CNY 21,382,482.62 for the first nine months, up from CNY 18,231,042.01 in the same period last year[29] - Other payables surged by 1,479.76% year-on-year, totaling ¥28,182,686.88, primarily due to the increase in obligations for repurchasing restricted stock[13] - Investment income decreased by 97.96% year-on-year, amounting to ¥623,343.05, mainly due to the previous year's gain from the transfer of a wholly-owned subsidiary's equity[14] - Asset disposal income decreased by 668.96% year-on-year, totaling -¥421,384.49, primarily due to the disposal of old equipment[14]