LIBA(SH:603519)2017-10-26 16:00Financial Performance - Operating revenue increased by 48.23% to CNY 880,958,405.67 for the year-to-date period[7] - Net profit attributable to shareholders increased by 15.10% to CNY 59,485,113.12 year-to-date[7] - Basic earnings per share increased by 15.63% to CNY 0.37[7] - The weighted average return on equity increased by 0.76 percentage points to 8.55%[7] - Total revenue for the third quarter reached CNY 309,651,842.64, a 56.6% increase compared to CNY 197,587,660.56 in the same period last year[31] - Net profit for the first nine months of the year was CNY 880,958,405.67, compared to CNY 594,307,237.50 in the previous year, reflecting a 48.3% increase[31] - The total profit for the first nine months of 2017 reached approximately ¥70.25 million, compared to ¥61.13 million for the same period in 2016, indicating a growth of 14.8%[36] Asset and Liability Changes - Total assets decreased by 9.76% to CNY 817,291,840.38 compared to the end of the previous year[7] - Total liabilities decreased to CNY 118,528,981.12 from CNY 218,449,215.31 at the start of the year, indicating a reduction of 45.8%[26] - Cash and cash equivalents decreased by 50.32% to ¥90,550,586.45 from ¥182,266,615.01, primarily due to the issuance of acceptance bills and a reduction in margin deposits[15] - Inventory increased to CNY 174,585,369.63, up 26.1% from CNY 138,427,886.28 year-over-year[25] - The company's retained earnings rose to CNY 318,086,943.91 from CNY 306,587,083.06, an increase of 3.8%[26] Cash Flow Analysis - Net cash flow from operating activities decreased by 129.80% to -CNY 4,552,847.01 year-to-date[7] - The cash inflow from sales of goods and services reached ¥427,971,724.37, an increase of 44.7% compared to ¥295,766,952.27 in the same period last year[39] - Total cash inflow from investment activities amounted to ¥529,405,562.37, significantly lower than ¥1,460,560,096.37 in the same period last year, reflecting a decrease of 63.8%[40] - The cash flow from financing activities resulted in a net outflow of -¥48,000,000.00, compared to -¥37,972,108.00 in the same period last year, indicating increased cash distribution[40] - The ending balance of cash and cash equivalents decreased to ¥67,743,709.87 from ¥157,325,332.89 in the previous year, a drop of 56.9%[40] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,079[12] - The largest shareholder, Lu Fengxian, holds 44.81% of the shares[12] Operating Costs and Expenses - Operating costs rose by 49.91% to ¥743,517,070.51 from ¥495,992,024.53, attributed to higher product sales and increased raw material prices[15] - Management expenses increased by 34.35% to ¥34,457,575.94 from ¥25,647,914.03, primarily due to increased R&D expenditures during the reporting period[16] - The company's operating costs for Q3 2017 were approximately ¥260.51 million, which is a 57.0% increase from ¥165.92 million in Q3 2016[36] Government Subsidies and Tax - The company received government subsidies amounting to CNY 370,000.00 year-to-date[8] - Tax payable decreased significantly by 79.58% to ¥2,075,779.85 from ¥10,163,113.15, primarily due to increased procurement leading to higher input tax credits[15] - The company received tax refunds totaling ¥8,879,077.47, up from ¥3,003,927.74, marking an increase of 195.5%[39] Other Income and Investment - Investment income decreased by 72.13% to ¥1,191,219.38 from ¥4,274,096.37, mainly due to a reduction in the amount invested in financial products[16] - Other operating income decreased by 93.03% to ¥408,487.79 from ¥5,862,466.58, primarily due to a decrease in government subsidies received[16]