Daimay(SH:603730)2017-10-30 16:00Financial Performance - Operating revenue for the first nine months reached CNY 2,314,793,091.61, a 19.32% increase from the same period last year[6]. - Net profit attributable to shareholders increased by 33.84% to CNY 436,174,939.55 compared to the previous year[6]. - Basic earnings per share rose by 29.67% to CNY 1.18 per share[6]. - The company reported a net profit of ¥436,609,325.44, a 34.02% increase compared to the previous year, attributed to effective cost control and improved gross margin[18]. - The company's net profit for the first nine months of 2017 was not explicitly stated, but the increase in operating revenue suggests positive performance trends[32]. - The net profit for Q3 2017 reached ¥83.77 million, a significant increase of 439.5% from ¥15.52 million in Q3 2016[39]. - The total profit for the first nine months of 2017 was approximately ¥308.27 million, compared to ¥104.23 million in the same period last year, indicating a growth of 195.5%[38]. Assets and Equity - Total assets increased by 41.03% to CNY 3,616,501,456.47 compared to the end of the previous year[6]. - Net assets attributable to shareholders rose by 95.64% to CNY 2,943,965,088.82 year-over-year[6]. - The company’s total equity attributable to shareholders rose by 95.64% to ¥2,943,965,088.82, driven by net profit and capital raised from the IPO[16]. - Total assets as of September 30, 2017, amounted to ¥2,652,617,561.09, a substantial increase from ¥1,306,254,997.58 at the beginning of the year[30]. - The company's equity increased to ¥1,877,623,275.13 from ¥604,305,453.95, showing a growth of 210.5%[30]. Cash Flow - Net cash flow from operating activities for the first nine months was CNY 287,377,825.72, up 48.76% year-over-year[6]. - Cash inflow from operating activities for the first nine months reached ¥2,647,741,249.44, an increase of 26.4% compared to ¥2,093,326,826.45 in the previous year[41]. - Cash inflow from financing activities totaled ¥1,487,760,000.00, compared to ¥284,800,000.00 in the previous year, showing a substantial increase[43]. - Net cash flow from financing activities improved to ¥606,275,665.12 from -¥99,175,488.43 year-on-year[43]. - Cash paid for goods and services increased to CNY 1,558,925,914.94, a 31.25% increase compared to CNY 1,187,746,362.00 in the previous year, primarily due to expanded operations and increased inventory demands[20]. Shareholder Information - The total number of shareholders reached 30,552 by the end of the reporting period[12]. - The largest shareholder, Zhejiang Zhoushan Daimai Investment Co., Ltd., holds 55.22% of the shares[12]. Inventory and Expenses - Inventory rose by 35.20% to ¥864,874,550.66, driven by increased orders and delivery schedules[15]. - Financial expenses surged by 958.90% to ¥26,357,915.80, primarily due to increased foreign exchange losses from the appreciation of the RMB against the USD[18]. - The company paid ¥504,001,802.85 to employees, which is a 20.8% increase from ¥417,075,555.29 in the previous year[42]. Market Expansion and Future Plans - The company secured supply contracts for Tesla's Model X, Model 3, and Model S, with expected annual sales of CNY 65 million and CNY 10 million for the ES8 model, contributing to a small percentage of total revenue[21]. - The company is gradually entering the new energy vehicle and high-speed rail markets, although these segments currently represent a small portion of total sales and profits[21]. - The company plans to continue focusing on market expansion and new product development to sustain growth in the upcoming quarters[36].