CAERI(SH:601965)2018-10-24 16:00Financial Performance - The company achieved operating revenue of RMB 2.01 billion, representing a year-on-year increase of 21.64%[8] - The net profit attributable to shareholders was RMB 257.62 million, up 18.12% compared to the same period last year[8] - The basic earnings per share rose to RMB 0.27, reflecting a growth of 17.39%[6] - The automotive technology service business contributed a net profit of RMB 225 million, continuing its growth trend[8] - The total profit for the first nine months of 2018 reached approximately ¥303.71 million, up from ¥258.34 million in the same period of 2017, indicating a growth of about 17.6%[30] - The net profit for Q3 2018 was approximately ¥83.46 million, compared to ¥81.06 million in Q3 2017, reflecting an increase of about 2.9%[28] Cash Flow - The cash flow from operating activities was RMB 158.78 million, a decrease of 10.26% year-on-year[6] - The cash flow from investment activities showed a net outflow of RMB 352.97 million, primarily due to significant investments in wind tunnel construction and intelligent connected vehicle testing projects[8] - The cash flow from financing activities also recorded a net outflow of RMB 208.08 million, mainly for the payment of cash dividends from the previous year amounting to RMB 194 million[8] - The net cash flow from operating activities was ¥158,781,226.27, down from ¥176,936,239.06 in the previous year, reflecting a decrease of about 10.3%[33] - Cash flow from investment activities showed a net outflow of ¥352,969,314.61, worsening from a net outflow of ¥192,447,373.70 in the same period last year[34] - The company reported a decrease in cash flow from financing activities, with a net outflow of ¥208,077,325.05 compared to a net outflow of ¥104,968,486.50 in the previous year, indicating a worsening situation[34] Assets and Liabilities - The total assets at the end of the reporting period were RMB 5.39 billion, an increase of 4.12% from the end of the previous year[6] - The total liabilities increased to CNY 800,487,052.48 from CNY 659,978,445.48, representing a rise of 21.3%[26] - The total equity attributable to shareholders increased to CNY 4,370,689,124.35 from CNY 4,251,038,762.25, marking a rise of 2.8%[23] - The company's total assets as of September 30, 2018, amounted to CNY 4,805,870,090.87, compared to CNY 4,572,345,842.08 at the beginning of the year, reflecting a growth of 5.1%[25] Inventory and Investments - Prepayments increased by 196.01% to CNY 37,648,146.75 due to procurement for industrial manufacturing and project equipment[15] - Inventory rose by 97.75% to CNY 343,628,918.19, reflecting increased reserves in the industrial manufacturing sector[15] - Long-term equity investments increased by 35.33% to CNY 171,543,182.95, driven by payments for investments in subsidiaries[15] - Investment property increased by 109.94% to CNY 43,977,599.29 due to an increase in leased factory and office space[15] - Construction in progress rose by 73.56% to CNY 613,131,781.85, reflecting investments in wind tunnel and intelligent connected vehicle testing projects[15] Research and Development - Research and development expenses for the first nine months were CNY 34,820,781.80, slightly down from CNY 37,388,875.51 in the previous year[26] - Research and development expenses for Q3 2018 were approximately ¥7.77 million, compared to ¥6.42 million in Q3 2017, an increase of about 21%[30] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[26]