SQTEG(SH:603339)2018-10-22 16:00Financial Performance - Operating revenue for the first nine months reached CNY 859,380,658.10, a growth of 24.07% year-on-year [6]. - Net profit attributable to shareholders increased by 22.75% to CNY 142,857,837.26 for the first nine months [6]. - Basic earnings per share increased by 23.21% to CNY 0.69 [7]. - The diluted earnings per share also increased by 23.21% to CNY 0.69 [7]. - Net profit for the first nine months of 2018 was ¥166,653,956.46, compared to ¥134,922,397.00 for the same period in 2017, reflecting a growth of 23.5% [21]. - The company's net profit for Q3 2018 was CNY 61,120,058.15, an increase of 29.4% compared to CNY 47,215,075.69 in Q3 2017 [22]. - The total comprehensive income for Q3 2018 reached CNY 62,159,036.87, up 33.0% from CNY 46,697,159.73 in the same period last year [23]. - Basic and diluted earnings per share for Q3 2018 were both CNY 0.30, compared to CNY 0.23 in Q3 2017, reflecting a growth of 30.4% [23]. Cash Flow and Liquidity - Net cash flow from operating activities showed a significant decline of 162.29%, resulting in a negative cash flow of CNY -142,179,592.88 [6]. - The company's cash and cash equivalents decreased to ¥226,830,851.66 from ¥387,945,537.95 at the beginning of the year, representing a decline of 41.4% [17]. - Cash and cash equivalents decreased by 39.51% to ¥531,541,893.15 from ¥878,658,089.81 due to increased operating expenses [10]. - Operating cash inflow for the period reached ¥971,091,138.62, an increase of 17.5% compared to ¥826,795,365.21 in the previous year [27]. - The cash and cash equivalents at the end of the period stood at ¥513,196,727.98, down from ¥876,088,314.84 in the previous year [28]. - The net increase in cash and cash equivalents for the period was ¥-359,246,823.56, contrasting with an increase of ¥8,854,085.31 in the same period last year [28]. Assets and Liabilities - Total assets increased by 8.64% to CNY 1,971,213,281.77 compared to the end of the previous year [6]. - Cash and cash equivalents decreased by 39.51% to ¥531,541,893.15 from ¥878,658,089.81 due to increased operating expenses [10]. - Fixed assets increased by 246.78% to ¥396,741,058.39 from ¥114,407,227.69, mainly due to the implementation of fundraising projects and acquisition of office property [10]. - Total liabilities decreased to ¥185,527,936.42 from ¥216,945,379.57, a reduction of 14.5% [19]. - The company's retained earnings increased to ¥816,484,639.75 from ¥711,553,027.49, showing a growth of 14.7% [19]. Shareholder Information - The number of shareholders reached 22,486 by the end of the reporting period [9]. - The top shareholder, Huang Jie, holds 39.85% of the shares, totaling 83,982,205 shares [9]. Operating Costs and Expenses - Operating costs rose by 33.49% to ¥618,956,674.74 from ¥463,660,801.44, attributed to sales growth [11]. - The company reported a significant increase in sales expenses by 33.75% to ¥26,154,174.96 from ¥19,554,782.76, driven by sales growth [11]. - Operating costs for the first nine months of 2018 were CNY 205,069,389.28, an increase of 43.4% compared to CNY 143,062,883.89 in the same period of 2017 [24]. - Total operating costs for Q3 2018 were ¥270,490,051.09, up 35% from ¥200,228,510.83 in Q3 2017 [21]. Government Subsidies and Other Income - The company received government subsidies amounting to CNY 9,636,127.00 during the reporting period [8]. - Other income increased by 123.68% to ¥9,636,127.00 from ¥4,308,090.00, mainly due to increased government subsidies [11]. - The company achieved other income of CNY 2,416,285.00 in Q3 2018, compared to CNY 1,021,000.00 in Q3 2017, marking an increase of 136.5% [24]. Research and Development - Research and development expenses for Q3 2018 were ¥11,838,375.82, up 17% from ¥10,115,978.73 in Q3 2017, reflecting the company's commitment to innovation [21]. - Research and development expenses for Q3 2018 were CNY 3,197,016.07, a decrease of 22.5% from CNY 4,128,324.40 in Q3 2017 [24].