TC(SH:603421)2016-10-26 16:00Financial Performance - Operating revenue for the first nine months reached CNY 884,836,935.37, a 62% increase year-on-year[7] - Net profit attributable to shareholders for the first nine months was CNY 203,009,684.66, up 41% from the previous year[7] - Basic and diluted earnings per share were both CNY 0.52, compared to CNY 0.37 in the same period last year[8] - The company reported a net cash flow from operating activities of CNY 60,054,918.35 for the first nine months, reflecting strong operational performance[7] - Total operating revenue for the third quarter was CNY 372,632,159.69, an increase from CNY 221,259,568.86 in the same period last year[31] - The net profit for the first nine months was CNY 978,467,079.64, compared to CNY 645,498,475.37 in the previous year[30] - The total profit for the first nine months of 2016 was CNY 387,949,599.55, a significant increase from CNY 240,743,367.50 in the same period last year[36] - The company's operating profit for Q3 2016 was CNY 150,533,048.47, which is a 87.0% increase from CNY 80,425,299.37 in Q3 2015[36] Asset and Equity Growth - Total assets increased by 54% to CNY 2,037,484,628.94 compared to the end of the previous year[7] - The company's net assets attributable to shareholders increased by 71% to CNY 1,829,143,188.91 compared to the end of the previous year[7] - Total assets reached CNY 2,244,173,866.74, up from CNY 1,341,873,283.76 at the beginning of the year[30] - The company reported a total equity of CNY 2,059,850,549.10, up from CNY 1,169,785,532.38[30] Cash Flow Analysis - Cash flow from operating activities increased by 44% to CNY 60,054,918.35 for the first nine months[7] - Cash and cash equivalents increased by 532% to ¥728,910,417.58 compared to the beginning of the period, primarily due to funds raised from public offerings[14] - The company reported a net cash flow from operating activities of ¥120,427,452.78 for the first nine months, a 59% increase from ¥75,769,420.64 in the previous year[41] - The company reported a total of CNY 54,980,995.28 in income tax expenses for the first nine months of 2016, compared to CNY 33,986,162.87 in the same period last year[36] Shareholder Information - Total number of shareholders reached 41,404[13] - The top ten shareholders hold a combined 70.84% of shares, with the largest shareholder, Zeng Fanyi, owning 28.90%[13] - Shareholders are committed to not transferring or entrusting their shares for 36 months from the date of listing, with a maximum of 25% of their shares allowed to be transferred annually during their tenure[18] Government and Tax Incentives - The company received government subsidies totaling CNY 603,650.00 for the first nine months, related to its normal business operations[10] - The value-added tax refund for the first nine months was CNY 50,640,000, a 26% increase from CNY 40,010,000 in the same period last year[11] Operational Costs - Operating costs increased by 71% to ¥332,037,652.97, in line with the rise in operating revenue[16] - The total cost of operations for the first nine months was CNY 675,431,701.04, compared to CNY 421,590,915.19 in the previous year[31] Inventory and Receivables - Accounts receivable decreased by 35% to ¥42,367,091.07, attributed to increased payments made using endorsed notes[14] - Inventory increased by 61% to ¥189,286,506.12, reflecting preparations for fourth-quarter orders and sales[14] - Accounts receivable increased to CNY 413,837,037.63 from CNY 371,201,776.49[28] - Inventory levels rose to CNY 156,141,856.74 from CNY 99,430,495.64[28] Compliance and Commitments - The company has committed to avoiding related party transactions that could harm the interests of minority shareholders[22] - The company will ensure compliance with legal and regulatory requirements in all transactions and disclosures[22] - The company has established measures to compensate investors for direct losses due to reliance on commitments made during the IPO process[21]