Champion Asia(SH:603386)2018-10-29 16:00Financial Performance - Net profit attributable to shareholders rose by 29.68% to CNY 63,529,003.81 year-on-year[7] - Operating revenue grew by 19.11% to CNY 838,960,819.22 for the period[7] - The company reported a non-recurring profit of CNY 934,711.23 for the current period[9] - Basic and diluted earnings per share remained at CNY 0.31[7] - The company reported no significant changes in net profit compared to the previous year, indicating stable financial performance[20] - Total operating revenue for Q3 2018 reached ¥299,203,541.91, an increase of 14.85% compared to ¥260,496,179.50 in Q3 2017[29] - Net profit for Q3 2018 was ¥23,091,519.81, representing a 9.77% increase from ¥21,031,485.84 in Q3 2017[30] - The net profit attributable to the parent company for Q3 2018 was CNY 23,091,519.81, compared to CNY 21,031,485.84 in Q3 2017, reflecting an increase of about 9.8%[31] - The total comprehensive income for Q3 2018 was CNY 23,407,343.10, compared to CNY 21,054,250.24 in the same quarter last year, marking an increase of approximately 11.2%[32] Assets and Liabilities - Total assets increased by 15.99% to CNY 1,397,200,205.70 compared to the end of the previous year[7] - The company's total assets as of September 30, 2018, amounted to RMB 1,397,200,205.70, an increase from RMB 1,204,622,353.93 at the beginning of the year[21] - Current assets decreased slightly to RMB 690,268,462.10 from RMB 693,877,476.45 at the beginning of the year, with cash and cash equivalents at RMB 96,411,575.30[22] - Total liabilities rose to RMB 747,656,790.12 from RMB 588,774,963.58, reflecting an increase of about 26.98%[24] - Total liabilities increased to ¥385,385,486.83 in Q3 2018, up from ¥265,086,432.38 in Q3 2017, marking a rise of 45.5%[27] - The company's equity attributable to shareholders increased to RMB 649,543,415.58 from RMB 615,847,390.35, showing a growth of approximately 5.47%[24] Cash Flow - Net cash flow from operating activities increased by 50.69% to CNY 77,239,032.99 compared to the same period last year[7] - The company reported a net cash flow from operating activities of ¥77,239,032.99, a 50.69% increase from ¥51,258,207.31, attributed to increased sales orders and customer payments[13] - Cash inflow from operating activities for the period (January to September) reached ¥650,752,151.36, an increase of 26.5% compared to ¥514,054,159.92 in the same period last year[38] - Total cash outflow from operating activities was ¥573,513,118.37, compared to ¥462,795,952.61 in the previous year, reflecting a 23.9% increase[38] - Cash inflow from financing activities totaled ¥340,083,584.61, a decrease of 32.6% from ¥505,190,505.01 in the same period last year[39] - The ending cash and cash equivalents balance was ¥40,113,037.00, down from ¥269,710,071.82 at the end of the previous year[39] Research and Development - Research and development expenses rose to ¥42,188,199.42, a 68.36% increase from ¥25,058,399.99, reflecting the company's commitment to enhancing R&D investment[13] - Research and development expenses for Q3 2018 were ¥15,430,718.99, compared to ¥9,086,396.33 in Q3 2017, indicating a 70.5% increase[30] - The company has ongoing investments in research and development for new products and technologies, although specific figures were not disclosed[18] Shareholder Information - The number of shareholders reached 31,746 at the end of the reporting period[10] - The largest shareholder, Junya Enterprise Co., Ltd., holds 71.92% of the shares[10] Other Information - The company is in the process of a major asset restructuring involving the acquisition of Shenzhen Mutai Technology Co., Ltd. and Changsha Mutai Technology Co., Ltd., with stock trading suspended since June 19, 2018[14] - The company plans to cancel the fundraising special account as all funds have been transferred to the designated project implementation entity[16] - The company is actively progressing with the major asset restructuring, with auditing and evaluation work ongoing[15] - The company will adopt a new financial reporting format starting from this reporting period, in compliance with the Ministry of Finance's requirements[19] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[28]