Junhe(SH:603617)2017-10-30 16:00Financial Performance - Operating revenue for the first nine months rose by 17.45% to CNY 429,968,098.10 compared to the same period last year[6] - Net profit attributable to shareholders increased by 6.38% to CNY 41,736,737.88 compared to the same period last year[6] - Total operating revenue for Q3 2017 reached ¥102,177,284.65, an increase of 22.8% compared to ¥83,219,982.16 in Q3 2016[25] - Year-to-date revenue for the first nine months of 2017 was ¥429,968,098.10, up from ¥366,088,586.10 in the same period last year, reflecting a growth of 17.4%[25] - Total operating revenue for Q3 2017 was ¥102,177,284.65, an increase from ¥83,219,982.16 in Q3 2016, representing a growth of approximately 22.5%[26] - Operating profit for Q3 2017 was ¥3,303,751.50, compared to ¥3,850,215.06 in Q3 2016, indicating a decrease of about 14.2%[26] - Net profit for Q3 2017 was ¥3,565,874.77, down from ¥5,263,133.67 in Q3 2016, reflecting a decline of approximately 32.3%[27] - The total profit for Q3 2017 was ¥4,292,191.20, down from ¥5,801,204.43 in Q3 2016, indicating a decline of about 26.0%[26] Assets and Liabilities - Total assets increased by 25.68% to CNY 578,840,790.29 compared to the end of the previous year[6] - Total assets as of September 30, 2017, amounted to ¥582,770,005.07, compared to ¥451,911,911.11 at the beginning of the year, indicating an increase of 28.9%[20][22] - Total liabilities decreased to ¥171,951,247.31 from ¥248,935,474.32 at the beginning of the year, a reduction of 30.9%[22] - Current liabilities totaled ¥171,380,436.58, down from ¥248,295,813.59 at the start of the year, a decrease of 30.9%[22] - Non-current liabilities remained stable at ¥570,810.73, compared to ¥639,660.73 at the beginning of the year, a slight decrease of 10.8%[19][22] - Shareholders' equity increased significantly to ¥410,818,757.76 from ¥202,976,436.79, representing a growth of 102.2%[22] Cash Flow - Cash flow from operating activities for the first nine months increased by 3.87% to CNY 96,880,734.60 compared to the same period last year[6] - Cash inflow from operating activities for the first nine months was CNY 506,131,350.47, an increase of 11.5% from CNY 454,110,788.85 in the same period last year[32] - Net cash flow from operating activities for the first nine months was CNY 96,880,734.60, slightly up from CNY 93,269,680.38 year-over-year[33] - Cash and cash equivalents at the end of the period totaled CNY 97,900,488.14, compared to CNY 45,282,784.99 at the end of the same period last year[34] - Cash flow from investing activities resulted in a net outflow of CNY 156,900,178.23 for the first nine months, worsening from a net outflow of CNY 43,184,653.20 in the previous year[33] - Cash flow from financing activities generated a net inflow of CNY 114,433,270.43, compared to a net outflow of CNY 36,570,621.92 in the same period last year[37] Shareholder Information - The company had a total of 11,716 shareholders at the end of the reporting period[10] - The largest shareholder, Ningbo Junhe Investment, holds 53.60% of the shares[10] Government Subsidies and Tax Refunds - The company reported a government subsidy of CNY 4,128,023.11 for the first nine months, which is closely related to its normal business operations[8] - The company reported a 37.27% increase in tax refunds received, totaling RMB 28,593,288.68 compared to RMB 20,830,163.20 in the previous year[13] Other Financial Metrics - Basic earnings per share decreased by 7.69% to CNY 0.48 compared to the same period last year[7] - The weighted average return on net assets decreased by 2.28 percentage points to 17.14% compared to the same period last year[7] - The company's cash and cash equivalents increased by 94.98% to RMB 103,521,397.41 from RMB 53,092,295.94 due to the receipt of funds from the initial public offering[12] - Accounts receivable decreased by 31.85% to RMB 64,315,990.40 from RMB 94,379,560.85 as customer payments continued to be collected[12] - Prepayments surged by 389.03% to RMB 8,583,283.85 from RMB 1,755,174.97, attributed to increased advance payments to suppliers ahead of the production peak season[12] - Inventory declined by 33.33% to RMB 86,915,381.88 from RMB 130,363,942.88, reflecting a seasonal sales slowdown with prior production gradually sold off[12] - The company's total assets increased significantly, with other current assets rising by 9973.04% to RMB 150,748,116.11 from RMB 1,496,550.59 due to the purchase of short-term financial products[12] - The company's capital reserve increased by 590.76% to RMB 193,984,551.63 from RMB 28,082,664.85, reflecting the premium from the initial public offering[13] - Sales expenses rose by 31.64% to RMB 17,839,262.76 from RMB 13,551,042.09, driven by increased commissions and service fees due to higher revenue[13] - Investment income increased by 136.95% to RMB 406,493.08 from RMB 171,552.32, attributed to higher returns from bank financial products[13]