Duolun Technology(SH:603528)2017-10-17 16:00Financial Performance - Net profit attributable to shareholders decreased by 65.63% to CNY 84,057,927.19 compared to the same period last year[7]. - Operating income for the period was CNY 386,106,385.83, representing a decline of 38.56% year-on-year[7]. - Basic earnings per share decreased by 65.62% to CNY 0.1356 compared to the same period last year[8]. - The weighted average return on equity was 6.18%, down from 24.68% in the previous year[8]. - The company reported a net profit after deducting non-recurring gains and losses of CNY 81,207,269.92, down 66.77% year-on-year[7]. - Total revenue for Q3 2017 was CNY 120,584,893.27, a decrease of 41.1% compared to CNY 205,109,412.00 in Q3 2016[28]. - Year-to-date revenue for 2017 reached CNY 386,106,385.83, down 38.6% from CNY 628,385,231.53 in the same period last year[28]. - Operating profit for Q3 2017 was CNY 26.31 million, down 66.4% from CNY 78.24 million in the same period last year[33]. - Net profit for Q3 2017 reached CNY 22.59 million, a decline of 68.7% compared to CNY 71.94 million in Q3 2016[34]. - The total profit for Q3 2017 was CNY 26.78 million, a decrease of 68.6% compared to CNY 84.99 million in Q3 2016[33]. - The net profit attributable to the parent company for Q3 2017 was CNY 18.24 million, compared to CNY 73.10 million in Q3 2016[30]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,922,703,351.64, an increase of 0.67% compared to the end of the previous year[7]. - The company's total assets increased by 53.49% in prepayments, reaching ¥10,321,859.59 compared to ¥6,724,865.98 in the previous year[15]. - Long-term equity investments amounted to ¥7,322,065.63, attributed to new equity investments[15]. - The construction in progress rose by 69.88% to ¥47,702,366.86, primarily due to the construction of production bases[15]. - Total liabilities increased to CNY 577,556,080.84 from CNY 544,404,871.04 at the start of the year, reflecting a rise of 6.1%[23]. - Current liabilities totaled CNY 562,879,472.86, up from CNY 526,373,377.03, indicating a growth of 6.9%[23]. - Non-current liabilities decreased to CNY 14,676,607.98 from CNY 18,031,494.01, a decline of 18.5%[23]. - Owner's equity as of September 30, 2017, was CNY 1,345,147,270.80, down from CNY 1,365,605,073.47 at the beginning of the year, a decrease of 1.5%[23]. Cash Flow - Cash flow from operating activities increased significantly by 344.15% to CNY 104,677,365.35 compared to the same period last year[7]. - The net cash flow from operating activities surged by 344.15% to ¥104,677,365.35, driven by improved collections[17]. - Cash inflow from operating activities for the first nine months reached ¥489.53 million, up from ¥381.23 million in the previous year, representing a 28.5% increase[36]. - Total cash inflow from investment activities was ¥143.91 million, while cash outflow was ¥146.09 million, resulting in a net cash flow of -¥2.18 million[38]. - Cash inflow from financing activities was ¥436.38 million, with cash outflow for dividend payments amounting to ¥103.34 million[39]. - The company reported a total operating cash inflow of ¥521.89 million for the third quarter, compared to ¥411.50 million in the same quarter last year, reflecting a 26.9% increase[37]. - The company’s cash flow from operating activities showed a strong performance, with a net cash flow increase of 444.5% year-over-year[40]. Shareholder Information - The total number of shareholders at the end of the reporting period was 37,662[12]. - The largest shareholder, Nanjing Duolun Enterprise Management Co., Ltd., holds 63.33% of the shares[13]. Expenses and Costs - The company reported a 30.16% decrease in payable employee compensation, totaling ¥20,432,495.08[15]. - The company experienced a 64.07% decrease in taxes payable, amounting to ¥11,861,521.15[15]. - Other payables rose by 152.82% to ¥11,185,988.86, mainly due to increased deposits for intelligent driving training system services[15]. - Total operating costs for Q3 2017 were CNY 103.29 million, a decrease of 18.1% from CNY 125.93 million in Q3 2016[33]. - Sales expenses for Q3 2017 increased to CNY 10.95 million, up 36.0% from CNY 8.06 million in Q3 2016[33]. - Management expenses for Q3 2017 were CNY 23.06 million, slightly down from CNY 24.67 million in Q3 2016[33].