HUAYOU COBALT(SH:603799)2018-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 10.07 billion, a 63.91% increase from the same period last year[5]. - Net profit attributable to shareholders increased by 74.14% to CNY 1.91 billion year-on-year[5]. - Basic earnings per share rose by 74.24% to CNY 2.30[5]. - The company reported a net profit margin improvement, with net profit for the first nine months of 2018 reaching ¥10,073,629,880.37, compared to ¥6,145,961,356.59 in the same period last year, reflecting an increase of about 63.5%[24]. - The total profit for the first nine months of 2018 reached approximately ¥2.34 billion, compared to ¥1.32 billion in the same period last year, reflecting an increase of about 77.6%[26]. Assets and Liabilities - Total assets increased by 21.26% to CNY 20.15 billion compared to the end of the previous year[5]. - The total assets of the company reached CNY 20,151,288,414.17, up from CNY 16,618,033,248.49 at the beginning of the year[17]. - The total liabilities increased to CNY 10,141,509,192.46, compared to CNY 9,874,443,541.60 at the beginning of the year[17]. - The total liabilities increased to ¥3,468,703,278.12 from ¥2,514,772,704.92, marking an increase of around 37.9%[22]. Shareholder Information - The total number of shareholders reached 104,823 by the end of the reporting period[9]. - The largest shareholder, Dasha Private Limited, holds 23.57% of the shares, with 175 million shares pledged[9]. - Equity attributable to shareholders rose to ¥4,831,887,375.08, compared to ¥4,583,704,748.33 at the start of the year, showing an increase of about 5.4%[22]. Cash Flow - Net cash flow from operating activities was CNY 462.28 million, a significant recovery from a negative cash flow of CNY 1.22 billion in the same period last year[5]. - Cash inflows from operating activities for the first nine months of 2018 reached CNY 11.4 billion, up from CNY 5.8 billion year-over-year, indicating strong operational performance[30]. - The net cash flow from financing activities was CNY 474.8 million, down from CNY 1.2 billion in the previous year, suggesting a shift in financing strategy[32]. - The cash and cash equivalents at the end of the reporting period stood at CNY 1.4 billion, a decrease from CNY 850.5 million at the end of the previous year[32]. Operating Costs and Expenses - The operating cost increased to CNY 6,602,784,163.65, up 61% from CNY 4,102,622,155.79, primarily due to increased production and rising raw material prices[14]. - Research and development expenses surged to CNY 330,858,732.01, a significant increase of 181% compared to CNY 117,364,064.17 from the previous year[14]. - Total operating costs for Q3 2018 were ¥2,820,614,788.18, up from ¥1,860,779,450.40 in Q3 2017, indicating an increase of about 51.6%[24]. Inventory and Accounts Receivable - The total inventory at the end of the period was CNY 6,863,674,419.19, reflecting an increase of 42% from CNY 4,832,631,617.24, driven by higher production and sales volumes[12]. - The company reported a decrease in accounts receivable to CNY 1,904,967,232.20, down 34% from CNY 2,897,871,964.93, attributed to improved collection efforts[12]. - Accounts receivable decreased significantly to ¥179,292,433.00 from ¥404,631,214.43, a reduction of approximately 55.7%[20]. Future Plans - The company plans to continue expanding its production capacity and investing in new technologies to enhance its market position[14]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[24].