Kersen(SH:603626)2017-10-27 16:00Financial Performance - Operating revenue for the first nine months increased by 62.17% to CNY 1,463,385,584.03 compared to the same period last year[6] - Net profit attributable to shareholders decreased by 5.37% to CNY 118,382,029.30 compared to the same period last year[6] - Basic earnings per share decreased by 26.10% to CNY 0.4180 compared to the same period last year[7] - Total operating revenue for Q3 2017 reached ¥686,872,741.39, a significant increase from ¥296,814,963.87 in Q3 2016, representing a year-over-year growth of 131.9%[27] - Year-to-date operating revenue for the first nine months of 2017 was ¥1,463,385,584.03, compared to ¥902,375,807.89 for the same period in 2016, an increase of 62.1%[27] - Year-to-date net profit for the first nine months of 2017 was ¥118,382,029.30, down from ¥125,102,211.91 in the previous year, a decline of 5.8%[29] Assets and Liabilities - Total assets increased by 103.83% to CNY 3,037,957,783.45 compared to the end of the previous year[6] - Total liabilities increased to CNY 1,426,774,450.23 from CNY 884,136,813.73, showing a growth of about 61%[21] - Total non-current assets reached CNY 1,460,726,435.20, up from CNY 729,387,401.35, reflecting an increase of around 100%[20] - Total current assets increased to CNY 1,577,231,348.25 from CNY 761,041,750.18, representing a growth of approximately 107%[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,262[10] - The largest shareholder, Xu Jingen, holds 37.03% of the shares with 109,200,000 shares[11] Cash Flow - Net cash flow from operating activities decreased by 98.52% to CNY 3,906,808.06 compared to the same period last year[6] - The company reported a net cash outflow from operating activities of CNY -260,087,044.81, a decrease of 98.52% due to high revenue growth and payments made for procurement[15] - Operating cash inflow for the first nine months of 2017 was CNY 1,264,478,059.50, a slight decrease from CNY 1,288,132,497.70 in the same period last year, representing a decline of approximately 1.8%[34] - Cash inflow from financing activities totaled CNY 1,453,837,608.12, a significant increase from CNY 267,769,755.88 in the same period last year[35] - Net cash flow from financing activities was CNY 1,118,243,125.34, compared to -CNY 135,415,673.09 in the previous year, indicating a turnaround in financing activities[35] Inventory and Receivables - Accounts receivable rose by CNY 452,587,939.21, a 79.82% increase, attributed to high outstanding amounts not yet due for collection[13] - Inventory increased by CNY 95,023,955.26, reflecting a 110.33% rise due to company expansion and advance material preparation for Q4 orders[14] - Accounts receivable rose to CNY 1,019,577,193.87, up from CNY 566,989,254.66, indicating an increase of about 80%[19] - Inventory increased to CNY 181,148,408.84 from CNY 86,124,453.58, reflecting a growth of approximately 110%[19] Government Support and Investments - The company received government subsidies amounting to CNY 3,934,739.80 during the reporting period[8] - The company established wholly-owned subsidiaries in Taiwan and North America, with investments totaling CNY 4.807475 million[16] Future Plans - The company plans to issue convertible bonds, with the proposal currently under review by the China Securities Regulatory Commission[16]