CFT(SH:603685)2018-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 20.70% to CNY 70,220,156.96 for the first nine months of the year[6] - Basic earnings per share dropped by 40.66% to CNY 0.54 for the first nine months[6] - Weighted average return on equity decreased by 15.87 percentage points to 7.63%[6] - The company reported a net profit of CNY 70,220,156.96, a decrease of 20.7% compared to the previous year, attributed to increased product costs and R&D expenses[15] - The net profit for Q3 2018 was CNY 24,651,965.40, a decrease from CNY 31,515,176.01 in the same period last year, representing a decline of approximately 21.5%[27] - The company reported a net profit margin improvement, with net profit for the first nine months of 2018 reaching ¥78,335,173.69, compared to ¥66,236,149.67 in the same period last year, an increase of about 18.3%[24] - Net profit for the first nine months of 2018 was ¥62,661,268.26, compared to ¥80,715,585.52 in the previous year, reflecting a decrease of approximately 22.4%[30] Revenue and Operating Performance - Operating revenue for the first nine months increased by 5.98% to CNY 615,943,324.69 compared to the same period last year[6] - Total revenue for Q3 2018 reached ¥205,344,564.88, an increase from ¥199,471,958.82 in the same period last year, representing a growth of approximately 2.9%[25] - Total operating revenue for the first nine months of 2018 reached CNY 596,114,436.44, up from CNY 568,026,186.24 in the previous year, indicating a growth of about 4.9%[29] - The total operating cost for the first nine months of 2018 was CNY 470,378,680.68, up from CNY 424,998,243.73 in the previous year, reflecting an increase of approximately 10.7%[29] Assets and Liabilities - Total assets increased by 29.63% to CNY 1,278,232,974.09 compared to the end of the previous year[6] - The company’s total current assets reached CNY 899,891,494.73, up from CNY 803,098,120.72 at the beginning of the year[17] - The company’s total liabilities increased significantly, with accounts payable rising by 100.01% to CNY 100,544,982.75 due to higher procurement amounts[13] - Total liabilities increased to ¥317,109,184.71 from ¥85,105,205.99 at the beginning of the year, showing a significant rise of about 273.5%[19] - The company’s total equity increased by 30.00% to CNY 130,000,000.00 as a result of capital reserve conversion[13] Cash Flow - Net cash flow from operating activities surged by 115.08% to CNY 57,805,569.43 year-to-date[6] - Cash flow from operating activities increased by 115.08% to CNY 57,805,569.43, driven by higher cash received from sales[15] - The net cash flow from operating activities was $65,509,216.13, an increase of 77.5% compared to $36,909,623.47 in the previous period[35] - Total cash inflows from operating activities were ¥436,248,460.25, compared to ¥407,587,732.60 in the same period last year, marking an increase of about 7%[32] Investments and Future Plans - The company has plans for market expansion and new product development in the upcoming quarters[6] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[30] - The company reported a cash outflow of $111,100,000.00 for investments, indicating a strategic focus on growth despite the negative cash flow from investing activities[35] Shareholder Information - The company reported a total of 12,878 shareholders at the end of the reporting period[10] - The largest shareholder, Haining Qiujing Investment Co., Ltd., holds 35.10% of the shares[11] Other Financial Metrics - The company received government subsidies amounting to CNY 749,738.10 year-to-date[9] - Accounts receivable increased by 55.01% to CNY 241,033,490.18 due to extended payment terms from certain customers[12] - Fixed assets rose by 43.08% to CNY 217,071,483.41, primarily due to the purchase of machinery and equipment[12] - Other non-current assets increased by 1,474.64% to CNY 46,115,099.48, mainly due to prepayments for land, buildings, and equipment[12] - Cash and cash equivalents decreased to ¥157,422,669.43 from ¥214,091,590.27 at the beginning of the year, a decline of about 26.5%[21]