Kinwong(SH:603228)2017-10-26 16:00Financial Performance - Revenue for the first nine months reached CNY 3,083,783,138.27, a 28.50% increase compared to the same period last year[6] - Net profit attributable to shareholders increased by 26.09% to CNY 516,529,497.04 year-on-year[6] - Basic and diluted earnings per share rose by 11.40% to CNY 1.27[7] - The company's operating revenue for Q3 2017 was CNY 633,339,991.51, an increase of 27.2% compared to CNY 497,851,706.61 in Q3 2016[31] - The net profit attributable to the parent company for Q3 2017 was CNY 200,652,677.71, up 21.5% from CNY 165,119,984.41 in Q3 2016[30] - The total profit for Q3 2017 was CNY 241,143,468.44, an increase of 20.7% from CNY 199,806,038.35 in Q3 2016[32] - Net profit for the first nine months of 2017 was ¥586,000,000, up from ¥486,000,000 in the same period last year, indicating a year-over-year growth of approximately 20.6%[27] Assets and Liabilities - Total assets increased by 5.46% to CNY 4,573,816,790.23 compared to the end of the previous year[6] - Total liabilities as of September 30, 2017, were ¥1,310,955,490.85, up from ¥1,068,285,589.80 at the beginning of the year, representing a growth of approximately 22.7%[23] - Cash and cash equivalents decreased by 31.79% to ¥930,104,384.20 from ¥1,363,655,685.33 due to profit distribution and repayment of bank loans[12] - Cash and cash equivalents at the end of Q3 2017 stood at CNY 900,927,786.93, down from CNY 298,324,001.77 at the same time last year, a decrease of 69.8%[37] Cash Flow - Operating cash flow increased by 39.12% to CNY 456,659,811.87 for the first nine months of the year[6] - Net cash flow from operating activities for the first nine months of 2017 was CNY 456,659,811.87, compared to CNY 328,250,550.85, indicating a rise of 39.0%[36] - Cash inflow from operating activities for the first nine months of 2017 was CNY 3,196,191,285.97, up from CNY 2,223,913,392.45, reflecting a growth of 43.7%[36] - Cash outflow from investment activities for the first nine months of 2017 totaled CNY 1,274,678,241.52, significantly higher than CNY 232,680,697.52 in the previous year, marking an increase of 448.5%[37] - Net cash flow from investment activities was negative CNY 306,074,962.55 for the first nine months of 2017, worsening from negative CNY 152,110,504.66 year-over-year[37] Shareholder Information - The total number of shareholders reached 11,413 by the end of the reporting period[10] - The largest shareholder, Shenzhen Jinghong Yongtai Investment Holding Co., Ltd., holds 37.26% of the shares[10] Inventory and Receivables - Inventory increased by 43.85% to ¥491,642,495.09 from ¥341,780,197.59, driven by higher sales volume[12] - Accounts receivable notes increased by 59.94% to ¥329,634,179.29 from ¥206,094,377.31 as a result of changes in note management practices[12] - Other receivables rose by 125.06% to ¥27,194,304.04 from ¥12,083,313.60 due to payments for land auction deposits[12] Financial Expenses and Income - The company's financial expenses surged by 101.99% to ¥12,471,511.11, mainly due to exchange rate losses from the appreciation of the RMB against the USD[14] - Investment income increased significantly by 7031.32% to ¥4,649,229.31, attributed to higher interest income from financial products[14] - The company reported a government subsidy income of CNY 45,144,615.15 for the first nine months[8] Future Plans - The company plans to issue A-share convertible bonds to raise up to ¥978 million for the construction of a high-density, multi-layer, flexible, and metal-based circuit board project[15] - Investment in the establishment of Jingwang Electronic Technology (Zhuhai) Co., Ltd. is projected at ¥1.36 billion, with fixed asset investment not less than ¥1 billion[15]