PACIFIC QUARTZ(SH:603688)2018-12-12 16:00Financial Performance - Operating revenue for the first nine months was ¥455,751,130.37, representing a growth of 14.16% year-on-year[7]. - Net profit attributable to shareholders for the first nine months was ¥102,648,353.10, up 36.29% from the same period last year[7]. - Basic earnings per share for the third quarter was ¥0.30, a 36.36% increase compared to ¥0.22 in the same quarter last year[8]. - The weighted average return on equity rose to 7.69%, an increase of 1.60 percentage points from the previous year[8]. - Total revenue for Q3 2018 reached ¥153,577,074.13, an increase of 6.1% compared to ¥143,697,289.91 in Q3 2017[27]. - Operating profit for Q3 2018 was ¥50,401,573.74, representing a 36.5% increase from ¥36,920,196.64 in Q3 2017[28]. - Net profit for Q3 2018 was ¥44,177,535.82, up 32.6% from ¥33,320,476.06 in Q3 2017[28]. - The net profit attributable to the parent company for Q3 2018 was ¥49,400,701.77, up 54.5% from ¥32,020,553.60 in Q3 2017[32]. - The total profit for Q3 2018 was ¥57,458,431.52, an increase of 54.1% from ¥37,295,369.59 in Q3 2017[32]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,472,864,886.15, an increase of 6.76% compared to the end of the previous year[7]. - Current assets totaled ¥794,249,862.48, slightly down from ¥810,251,629.78 at the beginning of the year[19]. - Non-current assets increased to ¥678,615,023.67 from ¥569,401,691.37, indicating ongoing investment in long-term assets[20]. - Total liabilities were ¥85,258,940.61, up from ¥68,747,750.43, indicating a rise of 24.0%[25]. - Accounts payable increased by 46.98% to CNY 67,942,905.16, reflecting an increase in payable goods[14]. Cash Flow - The net cash flow from operating activities increased by 74.76% to ¥81,996,591.79 for the first nine months[7]. - Operating cash flow increased to ¥81,996,591.79, a 74.76% increase compared to ¥46,919,272.94 in the same period last year[17]. - Net cash flow from investing activities decreased significantly to -¥106,873,122.47, a 340.89% decline due to increased purchases of fixed assets and investments[17]. - Net cash flow from financing activities was -¥33,733,800.00, a 92.00% increase from -¥17,569,800.00, primarily due to the implementation of the 2017 dividend distribution[17]. - Cash and cash equivalents decreased by 30.16% to CNY 126,040,449.47 due to operating expenses and external investments during the reporting period[13]. Shareholder Information - The total number of shareholders at the end of the reporting period was 13,619[11]. - The largest shareholder, Chen Shibin, holds 29.34% of the shares, with 30,000,000 shares pledged[11]. - The total equity attributable to shareholders increased to ¥1,368,094,289.96 from ¥1,294,894,212.86, reflecting retained earnings growth[21]. Research and Development - Research and development expenses rose by 35.02% to CNY 16,099,494.66, reflecting increased investment in new technologies and products[15]. - Research and development expenses for Q3 2018 were ¥5,885,106.53, significantly higher than ¥3,656,347.56 in Q3 2017, reflecting a focus on innovation[28]. Government Subsidies and Other Income - The company received government subsidies amounting to ¥3,089,148.62 during the first nine months, which are closely related to its normal business operations[9]. - The company's other income decreased by 55.67% to CNY 1,244,048.62, mainly due to a reduction in government subsidies compared to the previous year[15]. - The company reported a significant increase in operating income, with a 463.93% rise in non-operating income to CNY 2,413,809.20, primarily due to increased government subsidies[16]. Financial Expenses and Tax - The company reported a financial expense of -¥2,671,114.63 in Q3 2018, a significant improvement compared to ¥1,027,624.11 in Q3 2017[31]. - The income tax expense for Q3 2018 was ¥8,057,729.75, compared to ¥5,274,815.99 in Q3 2017, reflecting a 52.5% increase[32]. - The company reported a 127.70% increase in income tax expenses to CNY 24,438,878.50, driven by profit growth[16].