First(SH:603806)2018-10-30 16:00Financial Performance - Net profit attributable to shareholders decreased by 6.23% to CNY 346,889,398.45 for the first nine months of the year[6]. - Operating revenue for the first nine months was CNY 3,410,694,263.60, a slight increase of 0.34% year-on-year[6]. - Basic earnings per share decreased by 7.04% to CNY 0.66[6]. - The company reported a net profit of CNY 15,289,845.23 for the period, up from CNY 13,853,675.26, an increase of 10.34%[27]. - Q3 2018 net profit attributable to shareholders was ¥122,239,767.31, compared to ¥120,211,929.20 in the same period last year, reflecting a year-over-year increase of about 1.7%[29]. - The total profit for Q3 2018 was ¥134,663,952.18, compared to ¥122,641,405.28 in Q3 2017, marking an increase of about 9.1%[33]. - The company’s gross profit margin for Q3 2018 was approximately 17.7%, compared to 21.5% in Q3 2017, showing a decline in profitability[33]. Assets and Liabilities - Total assets increased by 6.79% to CNY 6,090,706,194.04 compared to the end of the previous year[6]. - The total assets reached CNY 6.09 billion, an increase from CNY 5.70 billion at the beginning of the year[19]. - The total liabilities amounted to CNY 936.75 million, an increase from CNY 674.52 million at the beginning of the year[20]. - Total current assets increased to CNY 3,717,302,228.10 from CNY 3,677,841,834.45, representing a growth of 1.07%[23]. - Total liabilities increased to CNY 840,798,358.03 from CNY 518,683,541.91, reflecting a rise of 62.00%[24]. - Total equity rose to CNY 4,345,472,600.87 from CNY 4,302,959,609.80, showing a slight increase of 0.98%[24]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 169,592,079.86, worsening by 20.21% compared to the same period last year[6]. - Operating cash flow decreased by CNY 28.51 million, primarily due to a larger increase in cash paid for goods and services compared to cash received from sales[13]. - Investment cash flow decreased by CNY 68.22 million, a decline of 14.42%, mainly due to the impact of financial investments[13]. - Financing cash flow increased by CNY 148.13 million, mainly due to a decrease in dividend payments compared to the same period last year[14]. - Net cash flow from operating activities was -¥169,592,079.86, a decline from -¥141,077,495.07 year-over-year[38]. - Total cash outflow from operating activities was $2.48 billion, compared to $2.32 billion in the previous year, reflecting increased operational expenses[42]. Investments and Expenses - Long-term equity investments increased by 20.93% to CNY 2,610,600.00, attributed to increased investment income from joint ventures[11]. - Research and development expenses for the period were CNY 45,853,276.21, compared to CNY 34,704,009.70, reflecting a growth of 32.06%[27]. - R&D expenses for Q3 2018 were ¥36,376,610.22, up from ¥27,969,676.30 in Q3 2017, indicating a growth of approximately 30.1%[33]. - The company paid $247.1 million in dividends and interest, down from $402 million in the previous year, indicating a potential shift in capital allocation strategy[42]. Inventory and Receivables - Accounts receivable increased by 24.60% to CNY 234,333,800.00, primarily due to reduced collections during the period[11]. - Inventory rose by 53.04% to CNY 25,401,480.00, mainly due to an increase in raw material stock[11]. - Accounts receivable rose to CNY 2,155,116,997.87 from CNY 1,939,433,075.18, an increase of 11.14%[22]. - Inventory increased significantly to CNY 524,122,551.03 from CNY 314,117,207.57, marking a growth of 67.00%[23]. Other Comprehensive Income - Other comprehensive income increased by CNY 19.39 million, a growth of 219.20%, mainly due to an increase in foreign currency translation differences[13]. - The company experienced a foreign exchange impact of $12.7 million on cash and cash equivalents, contrasting with a negative impact of -$13.1 million in the previous year[42].