XUSHENG(SH:603305)2018-10-29 16:00Financial Performance - Net profit attributable to shareholders rose by 42.35% to CNY 229,941,811.26 for the first nine months of the year[6]. - Operating revenue for the first nine months reached CNY 824,604,337.57, reflecting a growth of 53.30% year-on-year[6]. - Basic earnings per share increased by 29.55% to CNY 0.57[7]. - The company's operating revenue for the first nine months of 2018 was approximately ¥824.60 million, a 53.30% increase compared to ¥537.89 million in the same period of 2017[17]. - Net profit for Q3 2018 was ¥97,165,973.69, representing an increase of 90.0% from ¥51,103,509.24 in Q3 2017[33]. - Year-to-date net profit amounted to ¥229.94 million, a 42.4% increase from ¥161.53 million in the same period last year[36]. - The total profit for Q3 was ¥115.28 million, a 93.9% increase from ¥59.45 million in the same period last year[35]. Cash Flow - The net cash flow from operating activities increased by 122.95% to CNY 274,125,806.11 compared to the same period last year[6]. - The company reported a net cash inflow from operating activities of approximately ¥274.13 million, a 122.95% increase from ¥122.95 million in the previous year[17]. - The net cash flow from operating activities for the first nine months was ¥274.13 million, compared to ¥122.95 million in the same period last year, reflecting a 123.0% increase[38]. - Cash inflow from operating activities totaled $822.55 million, up from $580.52 million year-over-year, representing an increase of 41.7%[41]. - The ending balance of cash and cash equivalents stood at $241.06 million, compared to $178.53 million at the end of the previous year, reflecting a year-over-year increase of 35%[42]. Assets and Liabilities - Total assets increased by 36.70% to CNY 1,955,758,692.59 compared to the end of the previous year[6]. - Current assets totaled CNY 942,741,862.50, up from CNY 708,273,664.73 at the start of the year, indicating a growth of about 33%[23]. - Total liabilities reached CNY 612,707,080.25, compared to CNY 282,044,694.87 at the beginning of the year, showing an increase of approximately 117%[25]. - The total assets of the company reached ¥1,955,757,583.37 by the end of Q3 2018, compared to ¥1,430,700,641.34 at the end of Q3 2017, reflecting a growth of 36.7%[32]. Shareholder Information - The total number of shareholders reached 15,002 at the end of the reporting period[11]. - The largest shareholder, Ningbo Meishan Bonded Port Area Xusheng Holdings Co., Ltd., holds 32.45% of the shares[11]. Government Subsidies - The company received government subsidies amounting to CNY 4,859,165.69 during the reporting period[8]. - The company received government subsidies amounting to approximately ¥4.86 million, a 71.49% increase compared to the previous year[17]. Research and Development - Research and development expenses increased by 42.46% to approximately ¥30.73 million, attributed to expanded market efforts[17]. - Research and development expenses for the first nine months of 2018 were ¥30,732,067.46, compared to ¥21,573,051.46 in the same period of 2017, indicating a 42.5% increase[32]. Market Expansion and Investments - The company plans to continue expanding its market presence and invest in new product development[6]. - The company is in the process of issuing convertible bonds, which received approval from the China Securities Regulatory Commission[19].