YONGYUE(SH:603879)2017-10-26 16:00Financial Performance - Operating income for the first nine months increased by 7.51% to CNY 409,295,584.33 compared to the same period last year[6]. - Net profit attributable to shareholders grew by 10.34% to CNY 36,503,692.91 year-on-year[6]. - The company's net profit for the period increased by 56.12% to CNY 99,830,619.30 from CNY 63,945,003.79, reflecting improved profitability[12]. - Total profit for Q3 was CNY 16,268,418.36, an increase of 7.8% compared to CNY 15,091,179.95 in the same quarter last year[30]. - The company reported a total profit of ¥41,017,540.99 for the first nine months of 2017, an increase of 7.3% from ¥38,239,219.73 in the previous year[26]. - Operating profit for the first nine months of 2017 was ¥36,757,284.41, compared to ¥32,805,029.10 in the same period last year, indicating a growth of 12.0%[26]. Assets and Liabilities - Total assets increased by 62.47% to CNY 548,678,585.76 compared to the end of the previous year[6]. - The company's total equity rose to CNY 511,716,389.49 from CNY 260,642,592.62, an increase of approximately 96.5%[20]. - Total liabilities decreased significantly, with short-term borrowings reduced to zero from CNY 29,900,000.00, indicating a strong repayment capability[12]. - Current liabilities decreased to CNY 36,575,779.60 from CNY 84,404,679.84, a reduction of about 56.7%[24]. - Total assets amounted to ¥552,091,596.46, compared to ¥347,996,388.91 in the previous year, reflecting a growth of 58.5%[25]. - The company's total equity increased to ¥515,404,586.86, up from ¥263,375,700.18, representing a growth of 96.0%[25]. Cash Flow - Net cash flow from operating activities showed a significant decline of 411.41%, resulting in a negative CNY 13,326,169.57[6]. - The company reported a net cash outflow from operating activities of CNY -13,326,169.57 for the first nine months, compared to a net inflow of CNY 4,279,267.07 in the same period last year[33]. - Cash and cash equivalents at the end of the period totaled CNY 100,482,317.60, significantly up from CNY 7,554,261.36 at the end of the previous year[35]. - Cash inflow from financing activities totaled 237,546,842.75 RMB, a substantial increase from 40,211,761.14 RMB year-on-year[37]. - The ending cash and cash equivalents balance increased to 97,039,769.38 RMB, up from 6,885,679.58 RMB at the end of the previous year[37]. Shareholder Information - The company had a total of 8,331 shareholders at the end of the reporting period[10]. - The largest shareholder, Fu Wenchang, holds 30,000,000 shares, representing 20.83% of the total shares, with 3,230,000 shares pledged[10]. Expenses and Costs - Operating costs for Q3 were CNY 117,174,454.62, down 7.9% from CNY 127,210,329.98 in the previous year[29]. - Financial expenses for Q3 2017 were ¥112,078.50, significantly reduced from ¥416,662.92 in Q3 2016, showing a decrease of 73.1%[26]. - Sales expenses decreased to CNY 3,574,534.07 in Q3, down 11.5% from CNY 4,042,479.33 year-over-year[29]. - Management expenses increased to CNY 9,741,714.28 in Q3, up 24.3% from CNY 7,838,644.47 in the same period last year[29]. Inventory and Other Assets - Inventory rose by 52.30% to CNY 59,038,925.65 compared to CNY 38,764,420.13, primarily due to rising material prices[12]. - Accounts receivable increased to CNY 161,922,233.48 from CNY 127,950,586.63, reflecting a growth of about 26.5%[22]. - Other current assets surged by 77738.64% to CNY 100,552,993.52 from CNY 129,181.34, mainly from the purchase of financial products[12]. - Long-term investments increased to CNY 11,000,000.00 from CNY 10,000,000.00, reflecting a growth of 10%[23].