DIBAY(SH:603320)2018-10-30 16:00Financial Performance - Net profit attributable to shareholders was CNY 35,858,222.18, down 13.53% year-on-year[6]. - Revenue from main business was CNY 486,475,989.64, a decline of 1.18% compared to the same period last year[13]. - Basic earnings per share fell by 23.40% to CNY 0.36[6]. - Net profit for the first nine months was ¥42,789,260.49, compared to ¥49,217,563.25 in the same period last year, indicating a decline of 13.5%[29]. - The net profit for the year is not expected to incur significant losses or major changes compared to the same period last year[18]. Cash Flow and Liquidity - Operating cash flow increased by 36.60% year-on-year, reaching CNY 56,297,364.88[6]. - Cash and cash equivalents decreased by 59.71% to ¥63,611,442.73 from ¥157,881,454.11, primarily due to payments for financial products and industrial land acquisition[14]. - Cash received from operating activities increased by 36.60% to ¥56,297,364.88 from ¥41,214,774.16, primarily due to a decrease in accounts receivable[16]. - Cash inflow from operating activities totaled ¥339,233,393.34, up 13.9% from ¥298,065,908.85 year-on-year[37]. - Cash outflow from operating activities was ¥282,936,028.46, an increase of 10.2% compared to ¥256,851,134.69 in the previous year[37]. - Cash and cash equivalents at the end of the period decreased to ¥67,892,142.58 from ¥180,515,086.65, a decline of 62.4%[38]. - The company reported a net decrease in cash and cash equivalents of ¥74,789,431.96, compared to an increase of ¥114,118,346.41 in the previous year[38]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 716,494,575.79, a decrease of 1.38% compared to the end of the previous year[6]. - Cash and cash equivalents decreased to ¥72,704,243.82 from ¥88,402,646.99 at the beginning of the year, a reduction of 18%[26]. - Accounts receivable decreased to ¥135,460,952.82 from ¥158,297,898.87, a decline of 14.4%[26]. - Total liabilities increased to ¥145,159,990.00 from ¥105,150,995.19, reflecting a rise of 38%[27]. - The company's retained earnings increased to ¥199,097,953.20 from ¥176,058,749.98, an increase of 13.0%[27]. Operational Insights - Sales of household compressor motors decreased by 9.22% year-on-year, while commercial compressor motors sales increased by 7.27%[13]. - The company plans to strengthen internal cost control and optimize product structure to cope with external economic pressures[13]. - The company aims to expand its domestic customer base for commercial compressors and variable frequency motors[13]. - Research and development expenses for the first nine months were ¥16,436,781.23, up from ¥13,465,282.62, indicating a growth of 22.9%[29]. - Research and development expenses for the first nine months of 2018 amounted to CNY 15,223,857.03, an increase of 24.36% from CNY 12,242,433.40 in the previous year[33]. Investment Activities - Investment income increased by 190.04% to ¥2,873,606.57 from ¥990,778.54, mainly due to increased returns from financial products[15]. - Net cash flow from investment activities was -¥118,604,251.26, worsening from -¥82,109,641.88 year-on-year[38]. - Total cash inflow from investment activities was ¥205,638,673.53, significantly higher than ¥60,829,914.71 in the previous year[38]. Shareholder Information - As of the end of the reporting period, the total number of shareholders was 11,227[10]. - The company is in the process of planning a public offering of convertible bonds, which is progressing smoothly[16].