GOLDENSEA(SH:603311)2017-10-26 16:00Financial Performance - Operating revenue for the first nine months reached CNY 404,455,881.16, a 10.86% increase from the same period last year[6] - Net profit attributable to shareholders increased by 31.01% to CNY 79,024,521.41 year-on-year[6] - Basic and diluted earnings per share improved by 31.03% to CNY 0.38[7] - The operating profit increased by 28.44% to ¥90,340,181.47 from ¥70,334,555.60 year-on-year, attributed to the expansion of the company's scale[11] - Net profit for the first nine months of 2017 reached CNY 66,449,000, representing a year-on-year increase of 20%[25] - The total profit for the first nine months of 2017 was CNY 92,293,178.42, representing a 25.9% increase from CNY 73,203,285.67 in the same period last year[31] - The operating profit for the first nine months of 2017 was CNY 68,917,169.69, an increase of 30.6% from CNY 52,731,759.37 in the same period last year[31] Assets and Liabilities - Total assets increased by 0.74% to CNY 858,258,122.21 compared to the end of the previous year[6] - Total liabilities decreased to CNY 154,374,267.18 from CNY 147,491,020.82 at the beginning of the year[24] - Non-current assets decreased to ¥254,355,551.46 from ¥270,372,725.98, reflecting the impact of subsidiary sales[19] - Accounts receivable increased by 39.25% to CNY 43,940,301.37 due to a reduction in bank acceptance bill discounts[10] - Accounts receivable rose to CNY 114,577,088.67 from CNY 96,981,485.93, indicating an increase of 18.1%[22] - Inventory levels increased to CNY 62,979,479.09 from CNY 55,638,096.85, reflecting a growth of 13.5%[22] Cash Flow - Cash flow from operating activities decreased by 58.75% to CNY 35,467,707.00 compared to the same period last year[6] - Cash flow from operating activities decreased by 58.75% to ¥35,467,707.00 from ¥85,979,821.13, mainly due to a reduction in discounted notes receivable[11] - The cash flow from operating activities for the first nine months of 2017 was CNY 410,317,908.64, slightly up from CNY 406,286,275.47 in the same period last year[33] - The net cash flow from operating activities for Q3 2017 was ¥35,467,707, a decrease of 58.8% compared to ¥85,979,821 in the same period last year[34] - Total cash inflow from investment activities was ¥410,290,888.58, down from ¥633,883,116.85 in Q3 2016, reflecting a decline of 35.3%[35] - Cash inflow from financing activities totaled ¥41,148,387.89, significantly lower than ¥161,791,240 in Q3 2016, marking a decrease of 74.6%[35] Shareholder Information - Net assets attributable to shareholders rose by 6.65% to CNY 703,300,110.91 year-on-year[6] - The number of shareholders at the end of the reporting period was 24,584[8] - The company's total equity as of September 30, 2017, was CNY 624,446,176.36, up from CNY 587,107,160.85 at the beginning of the year[24] Investments and Contracts - The company signed a technology development contract with Tianjin University for the development of air filtration materials for large aircraft cabins[14] - The company received a total of ¥63,539,625 from the sale of 62.5% equity in Gansu Jinhai New Materials Co., Ltd. to its controlling shareholder[12] - Other non-current assets increased by 597.17% to ¥3,606,266.05 from ¥25,141,829.65, mainly due to an increase in prepayments for fixed asset investments[11] Management and Future Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[25]