HUATIE(SH:603300)2018-10-15 16:00Financial Performance - Operating income for the first nine months rose by 31.23% to CNY 661,363,339.78 compared to the same period last year[6] - Net profit attributable to shareholders increased by 112.22% to CNY 80,007,860.04 compared to the same period last year[6] - Basic and diluted earnings per share both doubled to CNY 0.18, compared to CNY 0.09 in the same period last year[7] - Total revenue for Q3 2018 reached CNY 283,463,516.64, a 55% increase compared to CNY 182,831,123.98 in Q3 2017[28] - Year-to-date revenue for 2018 was CNY 661,363,339.78, up 31% from CNY 503,978,490.81 in the same period last year[28] - Net profit for Q3 2018 reached CNY 51,595,002.93, a significant increase of 38.7% from CNY 37,202,231.97 in Q3 2017[30] - The company reported a total profit of CNY 60,466,987.81 for Q3 2018, compared to CNY 57,059,207.41 in Q3 2017, marking a 4.2% growth[30] - The company reported a net profit margin improvement, with net profit for the year-to-date period showing positive trends compared to the previous year[28] Assets and Liabilities - Total assets increased by 7.26% to CNY 6,063,662,024.98 compared to the end of the previous year[6] - Total liabilities decreased by 34.41% to ¥365,650,672.31 from ¥557,497,984.39, mainly due to the repayment of long-term borrowings and long-term payables[16] - Total assets as of September 30, 2018, amounted to CNY 6,063,662,024.98, compared to CNY 5,653,113,603.25 at the beginning of the year, reflecting a growth of approximately 7.2%[23] - Total liabilities decreased to CNY 2,037,193,934.47 from CNY 2,163,196,748.83, indicating a reduction of about 5.8%[23] - Shareholders' equity increased to CNY 4,026,468,090.51 from CNY 3,489,916,854.42, representing a growth of approximately 15.4%[23] Cash Flow - Net cash flow from operating activities reached CNY 311,629,852.41, a significant recovery from a negative cash flow of CNY -488,071,556.12 in the previous year[6] - Operating cash flow for the first nine months of 2018 was CNY 311,629,852.41, a significant recovery from a negative cash flow of CNY -488,071,556.12 in the previous year[38] - Cash received from sales of goods and services was CNY 292,361,519.70, an increase of 9.2% from CNY 267,534,049.62 in the same period last year[40] - Cash received from other operating activities surged to CNY 92,630,280.80, compared to CNY 8,351,519.96 in the previous year, indicating a growth of 1008%[40] - The company’s financing activities generated a net cash inflow of CNY 128,195,456.38 in Q3 2018, compared to CNY 437,679,100.56 in Q3 2017, reflecting a decrease of about 70.7%[39] Shareholder Information - The total number of shareholders reached 54,643 by the end of the reporting period[12] - The largest shareholder, Hu Danfeng, holds 17.71% of the shares, with 73,462,000 shares pledged[12] Expenses and Costs - The company’s total operating costs for the first nine months of 2018 were CNY 252,469,556.84, compared to CNY 338,020,147.13 in the same period of 2017, showing a decrease of 25.3%[30] - Operating costs for Q3 2018 were CNY 50,808,231.93, up from CNY 42,756,639.06 in Q3 2017, reflecting a 18.8% increase[33] - Research and development expenses for Q3 2018 were CNY 5,834,166.10, an increase from CNY 3,860,650.12 in Q3 2017, representing a 51% rise[33] Other Financial Metrics - The weighted average return on equity increased by 2.15 percentage points to 5.47%[7] - The company received government subsidies amounting to CNY 29,547,705.53 for the first nine months, which is closely related to its normal business operations[9] - The company reported a total comprehensive income of CNY 34,400,652.46 for Q3 2018, compared to CNY 11,291,076.59 in Q3 2017, marking an increase of approximately 205%[35] - The total assets impairment loss for Q3 2018 was CNY 89,678,573.90, compared to CNY 33,629,742.49 in Q3 2017, indicating a significant increase[30]