Xiantong Stock(SH:603239)2018-10-24 16:00Financial Performance - Net profit attributable to shareholders decreased by 6.41% to CNY 113,831,312.22 for the first nine months of the year[6] - Operating revenue increased by 8.10% to CNY 535,751,507.62 for the first nine months of the year[6] - Total profit for the first nine months of 2018 was CNY 103,442,558.31, compared to CNY 173,605,418.45 in the same period of 2017, representing a decline of about 40.4%[29] - Net profit for Q3 2018 was CNY 24,805,891.02, a decrease from CNY 26,007,074.42 in Q3 2017, representing a decline of approximately 4.6%[26] - Operating profit for Q3 2018 was CNY 29,555,915.53, down from CNY 34,832,597.45 in Q3 2017, showing a decrease of around 15.5%[26] - The basic earnings per share for Q3 2018 was CNY 0.09, down from CNY 0.10 in Q3 2017, reflecting a decrease of 10%[28] - The company reported a net profit of 0.07 CNY per share for Q3 2018, compared to 0.26 CNY in the same period last year, indicating a decrease of approximately 73.1%[30] Cash Flow and Investments - Net cash flow from operating activities increased by 111.17% to CNY 72,350,041.46 for the first nine months of the year[6] - Operating cash flow for the first nine months of 2018 was 72,350,041.46 CNY, up from 34,260,843.49 CNY in the previous year, representing an increase of 111.1%[32] - Total cash inflow from operating activities reached 465,496,358.19 CNY, compared to 353,282,630.29 CNY in the same period last year, marking a growth of 31.8%[32] - Cash outflow for purchasing goods and services was 171,807,219.39 CNY, up from 115,982,859.85 CNY, reflecting a rise of 48.1%[32] - The company recorded a net cash flow from investment activities of 1,151,839.46 CNY, a significant improvement from a net outflow of -314,298,789.46 CNY in the previous year[32] - Cash and cash equivalents at the end of the period stood at 84,924,045.21 CNY, compared to 65,399,316.71 CNY at the end of the previous year, an increase of 29.5%[33] - The company received 584,715,200.94 CNY from investment recoveries, up from 409,243,020.55 CNY in the same period last year, indicating a growth of 42.8%[35] - Total cash outflow for investment activities was 582,293,785.78 CNY, down from 844,884,281.03 CNY, showing a decrease of 30.9%[36] - The company paid 135,360,000.00 CNY in dividends and interest, compared to 54,356,578.18 CNY in the previous year, an increase of 148.5%[33] - The net cash flow from financing activities was -135,360,000.00 CNY, slightly worse than -128,260,776.22 CNY in the same period last year[33] Assets and Liabilities - Total assets decreased by 5.13% to CNY 1,142,425,756.36 compared to the end of the previous year[6] - The company has experienced a decrease in net assets attributable to shareholders by 2.17% to CNY 972,055,271.64 compared to the end of the previous year[6] - The total assets as of September 30, 2018, amounted to ¥1,163,153,953.00, a decrease from ¥1,208,775,374.29 at the beginning of the year[23] - Total liabilities decreased to ¥228,037,278.12 from ¥229,366,200.97 at the beginning of the year, indicating a slight reduction in financial obligations[23] - The total liabilities decreased by 55.90% in tax payable, dropping to CNY 11,753,030.43 from CNY 26,652,573.67 at the beginning of the year[14] - The company's cash and cash equivalents decreased to ¥89,334,919.79 from ¥151,488,167.81 at the beginning of the year, a decline of 41.0%[21] - The company's total equity as of September 30, 2018, was ¥935,116,674.88, down from ¥979,409,173.32 at the beginning of the year, reflecting a decrease of 4.5%[23] Shareholder Information - The total number of shareholders reached 11,226 by the end of the reporting period[11] - The largest shareholder, Li Qifu, holds 47.21% of the shares, with a total of 127,800,000 shares[11] Expenses and Income - Non-operating income for the first nine months totaled CNY 6,835,844.55, with significant contributions from government subsidies[9] - Research and development expenses increased to CNY 7,853,922.07 in Q3 2018, up from CNY 6,659,332.77 in Q3 2017, reflecting a growth of about 17.9%[26] - Sales expenses for the first nine months of 2018 totaled CNY 37,334,723.81, compared to CNY 28,405,594.93 in the same period of 2017, marking an increase of approximately 31.4%[29] - Tax expenses for Q3 2018 were CNY 4,358,865.23, an increase from CNY 3,911,144.46 in Q3 2017, which is an increase of approximately 11.4%[26] - The company reported a financial expense of CNY 145,096.31 in Q3 2018, compared to a financial income of CNY -166,059.61 in Q3 2017[26] - Other income for Q3 2018 was CNY 2,585,489.22, a decrease from CNY 8,411,833.65 in Q3 2017, indicating a decline of approximately 69.3%[26] Inventory and Receivables - The company's inventory decreased slightly to CNY 102,483,233.49 from CNY 106,065,410.09 at the end of 2017[17] - Accounts receivable increased to ¥412,578,927.51 from ¥384,542,792.19, showing a growth of 7.3%[21] - Inventory levels slightly decreased to ¥102,661,741.49 from ¥106,326,674.11, a reduction of 3.1%[21] - Other receivables rose by 56.54% to CNY 4,112,584.54, up from CNY 2,627,169.38 at the end of 2017[14] Construction and Assets - The company's construction in progress increased by 31.67% to CNY 88,698,756.47, compared to CNY 67,365,807.46 at the end of 2017[14] - The company's other non-current assets increased by 148.62% to CNY 9,807,090.13, up from CNY 3,944,638.62 at the beginning of the year[14] - Non-current assets totaled ¥400,053,699.19, an increase from ¥374,609,313.99 at the beginning of the year, indicating a growth of 6.8%[22] Impairment and Losses - The company's asset impairment losses for the first nine months of 2018 were CNY 2,730,216.83, a 104.24% increase from CNY 1,336,754.83 in the same period of 2017[15]