TKD(SH:603738)2018-10-25 16:00Financial Performance - Operating revenue increased by 32.00% to CNY 467,379,229.98 for the first nine months compared to the same period last year[6] - Net profit attributable to shareholders decreased by 7.79% to CNY 41,443,124.50 for the first nine months compared to the same period last year[6] - Basic earnings per share decreased by 7.14% to CNY 0.26[6] - Total operating revenue for Q3 2018 was $138.94 million, a decrease of 4.9% compared to $145.74 million in Q3 2017[26] - Net profit for Q3 2018 was $15.66 million, down 12.7% from $17.93 million in Q3 2017[27] - The company reported a total profit of $19.36 million for Q3 2018, a decrease of 15.5% from $22.73 million in Q3 2017[26] - Net profit for the first nine months of 2023 was ¥23,504,941.07, compared to ¥24,042,346.76 in the same period last year, reflecting a slight decrease of 2.2%[30] - The company reported a significant increase in sales revenue from ¥360,456,800.46 to ¥467,933,831.51 for the first nine months of 2023, marking a growth of 29.8%[32] - The company’s total profit for the first nine months of 2023 was ¥27,836,393.55, slightly down from ¥28,640,369.76 in the previous year, showing a decrease of 2.8%[30] Cash Flow - Net cash flow from operating activities decreased by 22.19% to CNY 26,838,498.16 for the first nine months compared to the same period last year[6] - Cash flow from operating activities generated a net amount of ¥26,838,498.16, down from ¥34,493,718.92 in the same period last year, showing a decrease of 22.3%[32] - Total cash inflow from operating activities increased to CNY 250,975,669.07, up from CNY 220,317,628.96 year-over-year, representing a growth of approximately 13.5%[35] - The net cash flow from financing activities showed a significant decline to -CNY 72,583,594.86 compared to a positive inflow of CNY 91,352,816.51 last year[35] - The ending cash and cash equivalents balance was CNY 45,620,394.46, a decrease from CNY 27,389,661.85 year-over-year[35] Assets and Liabilities - Total assets decreased by 3.40% to CNY 1,224,719,407.86 compared to the end of the previous year[6] - Total liabilities decreased from CNY 567,865,600.12 to CNY 493,622,918.41, a reduction of approximately 13.1%[20] - Current liabilities decreased from CNY 398,210,611.96 to CNY 321,737,178.05, a decline of about 19.2%[20] - Cash and cash equivalents dropped significantly from CNY 242,510,283.56 to CNY 45,620,394.46, a decrease of approximately 81.2%[23] - Accounts receivable increased from CNY 126,442,050.05 to CNY 160,110,727.61, representing a growth of about 26.6%[23] - Inventory rose from CNY 32,575,277.16 to CNY 52,681,225.73, an increase of approximately 61.8%[23] - The company’s long-term prepaid expenses increased by 155.03% to ¥4,123,233.35, reflecting higher workshop renovation costs[12] - The company’s accounts payable decreased by 37.40% to ¥110,765,956.81, indicating reduced procurement payments[12] Shareholder Information - The total number of shareholders reached 10,152 at the end of the reporting period[10] - The largest shareholder, Yu Xindong, holds 42.58% of the shares, with 67,592,000 shares pledged[10] Research and Development - Research and development expenses rose to $5.50 million in Q3 2018, an increase of 39.1% compared to $3.95 million in Q3 2017[26] - Research and development expenses increased to ¥7,873,000.80 for the first nine months of 2023, up from ¥7,086,569.87 in the previous year, indicating a focus on innovation[30] Other Financial Metrics - The weighted average return on equity decreased by 1.64 percentage points to 6.41%[6] - Non-operating income for the first nine months amounted to CNY 5,357,212.98[8] - The company has not disclosed any significant new product developments or market expansion strategies in this report[11] - Financial expenses, including interest expenses, rose to ¥1,904,915.54 for the first nine months of 2023, compared to ¥597,356.50 in the previous year, highlighting increased borrowing costs[30]