SONGFA(SH:603268)2018-10-29 16:00Financial Performance - Net profit attributable to shareholders was CNY 36,140,783.66, representing a year-on-year increase of 12.50%[6] - Operating revenue for the first nine months was CNY 426,290,727.74, up 10.19% from the same period last year[6] - Net profit increased by 36.68% to ¥50,267,672.41, attributed to the increased operating income from the acquired company[13] - Total operating revenue for Q3 2018 was CNY 159,525,506.41, a decrease of 3.5% compared to CNY 165,604,238.26 in Q3 2017[27] - Year-to-date revenue for the first nine months of 2018 reached CNY 426,290,727.74, an increase of 10.2% from CNY 386,876,422.07 in the same period last year[27] - Net profit for Q3 2018 reached 17,867,726.49 RMB, compared to 13,679,752.58 RMB in Q3 2017, indicating an increase of about 30.5%[29] - The company’s total profit for Q3 2018 was 19,216,451.58 RMB, an increase from 16,658,528.04 RMB in the same period last year, representing a growth of approximately 9.3%[30] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,237,834,792.77, an increase of 1.09% compared to the end of the previous year[6] - Total liabilities increased to CNY 589,544,560.66 from CNY 560,657,870.77, marking a rise of 5.0%[22] - Current liabilities totaled CNY 377,642,838.14, up from CNY 359,265,722.54, indicating a growth of 5.3%[22] - Non-current liabilities amounted to CNY 211,901,722.52, an increase of 5.2% from CNY 201,392,148.23[22] - The company’s total current assets reached ¥489,743,583.89, up from ¥423,368,098.72[20] Cash Flow - The net cash flow from operating activities decreased significantly by 82.86% to CNY 6,062,092.36 compared to CNY 35,357,946.55 in the previous year[6] - Cash flow from operating activities for the first nine months of 2018 was 6,062,092.36 RMB, a decrease of 82.8% from 35,357,946.55 RMB in the previous year[36] - The company reported a total operating cash outflow of 456,564,991.24 RMB, compared to 423,337,772.99 RMB in the same period last year, indicating an increase in cash outflow[36] - The cash and cash equivalents at the end of Q3 2018 were 85,275,763.13 RMB, a decrease from 120,053,549.62 RMB at the end of the previous year[36] - Net cash flow from financing activities was CNY 8,340,983.46, a decrease of 92.3% compared to CNY 108,289,189.51 in the previous year[38] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,637[9] - The largest shareholder, Lin Daofan, held 36,344,000 shares, accounting for 29.04% of the total shares[9] - The company completed the transfer of part of its shares to Hengli Group, changing its controlling shareholder[10] - The company plans to transfer a total of 37,428,000 shares, representing 29.91% of the total share capital, to Hengli Group[15] - The company’s controlling shareholder changed to Hengli Group following the share transfer[15] Expenses and Costs - Basic earnings per share decreased by 19.44% to CNY 0.29 from CNY 0.36 in the previous year[6] - Management expenses rose by 104.38% to ¥47,924,458.23 due to increased data from the acquired company and stock incentive amortization[13] - Total operating costs for Q3 2018 were 138,959,309.94 RMB, compared to 151,336,083.64 RMB in Q3 2017, a decrease of about 8.2%[31] - Research and development expenses for Q3 2018 totaled 6,373,086.74 RMB, down from 8,476,663.13 RMB in Q3 2017, a decrease of about 25.0%[31] Investment Activities - Cash inflow from investment activities totaled CNY 90,553,877.39, significantly higher than CNY 29,556,107.73 in the previous year[37] - The company paid CNY 107,350,000.00 for investments, reflecting ongoing investment strategies despite negative cash flow from this segment[37] - The company received CNY 51,900,000.00 from investment recoveries, indicating active management of investment portfolios[37]