PNC(SH:603690)2018-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 320,309,427.20, a 42.05% increase year-on-year[6] - Net profit attributable to shareholders decreased by 23.99% to CNY 27,375,313.29 compared to the same period last year[6] - Basic earnings per share fell by 25.14% to CNY 0.131[7] - The company's net profit for the first nine months of 2018 was ¥161,215,529.65, compared to ¥148,775,776.36 for the same period in 2017, reflecting a growth of approximately 8.7%[21] - Operating profit for Q3 2018 was ¥287,823.86, a significant decrease of 97.6% compared to ¥11,881,241.23 in Q3 2017[28] - Net profit for Q3 2018 was ¥300,170.56, down 97.0% from ¥10,117,711.08 in Q3 2017[28] - The total profit for Q3 2018 was ¥441,158.57, a decline of 96.4% from ¥12,251,432.17 in Q3 2017[28] Assets and Liabilities - Total assets increased by 40.83% to CNY 1,406,593,489.01 compared to the end of the previous year[6] - The total assets as of September 30, 2018, amounted to ¥1,262,776,513.64, compared to ¥951,058,595.25 at the beginning of the year, marking an increase of about 32.7%[22] - The total liabilities as of September 30, 2018, were ¥873,166,951.24, up from ¥575,493,700.95 at the beginning of the year, representing an increase of approximately 51.8%[22] - Cash and cash equivalents decreased by 34.12% to RMB 59,640,732.32 from RMB 90,523,305.59 due to a reduction in bank deposits[13] - The company's cash and cash equivalents decreased to ¥31,513,424.76 from ¥63,611,193.01 at the beginning of the year, a decline of about 50.5%[21] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 63,921,996.27, an improvement from a net outflow of CNY 83,142,045.39 in the previous year[6] - The net cash flow from operating activities improved to -RMB 63,921,996.27 from -RMB 83,142,045.39, indicating a reduction in the cash conversion cycle in the semiconductor industry[14] - Cash inflow from operating activities for the first nine months of 2018 was ¥487,895,900.22, up from ¥138,837,859.77 in the previous year, indicating strong operational performance[32] - Cash outflow from investing activities totaled ¥72,353,985.71, compared to ¥121,265,954.88 in the same period last year, showing a reduction in investment expenditures[33] - Cash inflow from financing activities was ¥341,686,524.47, slightly up from ¥335,598,725.50 in the previous year, indicating stable financing operations[33] Shareholder Information - The total number of shareholders reached 13,154 by the end of the reporting period[10] - The largest shareholder, Jiang Yuan, holds 36.13% of the shares, with 76,003,200 shares pledged[11] Operational Highlights - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development[6] - Inventory surged by 150.73% to RMB 519,904,395.24 from RMB 207,352,590.45, attributed to a significant increase in ongoing orders not yet recognized as revenue[13] - Operating costs increased by 48.99% to RMB 213,112,907.66 from RMB 143,037,240.28, reflecting the rise in business activity[14] - The company reported a significant increase in management expenses by 114.74% to RMB 38,815,312.81 from RMB 18,075,613.00, primarily due to the hiring of professional talent[14] Research and Development - Research and development expenses for the first nine months of 2018 were ¥15,947,368.11, compared to ¥9,910,913.94 for the same period in 2017, showing an increase of approximately 60.5%[24] - R&D expenses in Q3 2018 totaled ¥9,642,897.09, an increase of 221.5% from ¥3,002,111.69 in Q3 2017[28] Future Plans - The company plans to acquire 100% equity of Shanghai Bohui Technology Co., Ltd. through a share issuance and cash payment, pending regulatory approval[15]