SEC(SH:603988)2018-10-18 16:00Financial Performance - Operating revenue for the period was CNY 322,321,691.09, representing an increase of 54.48% year-on-year[6]. - Net profit attributable to shareholders was CNY 38,836,748.33, up 61.10% from the same period last year[6]. - Basic and diluted earnings per share were CNY 0.17, a 70.00% increase compared to the previous year[6]. - Operating revenue increased by 54.48% to ¥322,321,691.09 from ¥208,642,855.06 year-on-year[14]. - Net profit rose by 61.10% to ¥38,836,748.33 compared to ¥24,106,712.05 in the same period last year[14]. - Operating revenue for the third quarter was ¥120,900,083.52, compared to ¥72,601,058.81 in the same quarter last year, reflecting an increase of about 66.5%[25]. - The company reported a gross profit margin improvement, with operating profit rising to ¥47,549,876.07 from ¥28,549,441.25, an increase of approximately 66.6%[25]. Cash Flow and Liquidity - Net cash flow from operating activities was negative CNY 2,173,015.90, a decline of 108.20% compared to the same period last year[6]. - Cash flow from operating activities decreased by 108.20% to -¥2,173,015.90, indicating increased cash outflow for raw material purchases[15]. - The ending cash and cash equivalents balance decreased to $59.04 million from $155.58 million in the previous year[30]. - Cash received from sales of goods and services was $208.71 million, down from $224.86 million year-over-year[29]. - Cash paid for purchasing goods and services increased to $150.87 million from $143.30 million last year[29]. - Cash paid to employees rose to $44.40 million, compared to $31.39 million in the previous year[29]. - Cash flow from financing activities showed a net outflow of -$43.44 million, worsening from -$12.02 million year-over-year[30]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 898,170,251.39, a decrease of 1.12% compared to the end of the previous year[6]. - The company’s total liabilities increased by 13.24% to ¥130,625,627.17 in accounts payable[12]. - Total cash inflow from investment activities was $568.76 million, down from $612.53 million in the previous year[29]. - Cash outflow from investment activities increased to $657.24 million compared to $611.05 million last year, resulting in a net cash flow from investment activities of -$88.47 million[29]. - The total liabilities decreased from ¥241,201,474.60 to ¥235,646,076.30, a reduction of about 2.3%[22]. - Current assets totaled ¥732,590,756.25, slightly down from ¥749,174,688.05, representing a decrease of about 2.2%[21]. Shareholder Information - The total number of shareholders at the end of the reporting period was 20,713[10]. - The top three shareholders held a combined 69.22% of the shares, with the largest shareholder holding 30.00%[10]. - The company plans to distribute cash dividends of ¥0.80 per share, totaling ¥13,440,000.00, and to increase share capital by 67,200,000 shares[17]. Inventory and Expenses - Inventory increased by 41.64% to ¥197,807,797.51, reflecting growth in business volume[12]. - Prepayments increased by 109.66% to ¥34,307,771.55 due to higher raw material procurement[12]. - Research and development expenses remained stable, with a slight increase of 0.13% to ¥8,465,103.85[14]. - Research and development expenses for the first nine months were ¥8,465,103.85, slightly up from ¥8,454,276.97 year-on-year[25]. - The company reported a government subsidy of CNY -1,800,000.00 related to its normal business operations[9]. - Non-operating income and expenses for the period totaled a net loss of CNY 727,512.50[9]. Capital and Reserves - The company’s capital reserve decreased by 47.31% to ¥172,842,633.55 due to capital increase from reserves[12]. - The weighted average return on equity increased by 2.14 percentage points to 5.78%[6].