Daqian(SH:603955)2018-10-25 16:00Financial Performance - Operating revenue for the first nine months reached CNY 548,293,422.47, an increase of 18.95% year-on-year[7] - Net profit attributable to shareholders of the listed company was CNY 56,414,296.46, reflecting a growth of 3.08% compared to the same period last year[7] - Basic earnings per share decreased by 5.51% to CNY 0.4988[8] - The weighted average return on equity decreased by 1.17 percentage points to 4.83%[7] - Total operating revenue for Q3 2018 reached ¥198,231,567.55, an increase of 8.8% compared to ¥182,037,300.92 in Q3 2017[29] - Net profit for Q3 2018 was ¥14,870,111.87, a decrease of 28.5% from ¥20,766,686.14 in Q3 2017[31] - Total profit for the first nine months was CNY 73.72 million, a 19.1% increase from CNY 61.88 million in the same period last year[36] Assets and Liabilities - Total assets increased by 28.50% to CNY 2,772,107,935.68 compared to the end of the previous year[7] - Total liabilities reached ¥1,527,713,528.47, compared to ¥1,016,224,637.60, marking a growth of about 50.3%[24] - Non-current liabilities rose to ¥600,000,000.00, compared to ¥300,000,000.00, indicating a 100% increase[24] - Current liabilities totaled ¥927,713,528.47, an increase from ¥716,224,637.60, reflecting a growth of about 29.5%[24] - The total non-current assets amounted to ¥1,057,242,369.33, up from ¥813,389,138.81, indicating an increase of approximately 30%[24] Cash Flow - The net cash flow from operating activities improved by 7.48%, amounting to CNY -270,026,821.24[7] - Cash flow from operating activities showed a net outflow of CNY 270.03 million, an improvement from a net outflow of CNY 291.87 million year-over-year[38] - Cash inflow from investment activities was CNY 1.55 billion, compared to CNY 1.01 billion in the previous year, indicating a significant increase[39] - Cash inflow from financing activities generated a net inflow of CNY 518.90 million, up from CNY 131.80 million in the same period last year[39] - Total cash outflow for operating activities was $630.87 million, up from $448.66 million in the previous year, indicating an increase of approximately 41%[42] Shareholder Information - The total number of shareholders reached 11,052[12] - The largest shareholder, Jiangsu Daqian Investment Development Co., Ltd., holds 36.94% of shares, with 41,779,787 shares pledged[12] - Shareholders' equity increased to ¥1,244,394,407.21 from ¥1,141,022,453.49, reflecting a growth of approximately 9.1%[24] Research and Development - Research and development expenses increased by 34.88% to ¥10,495,827 from ¥7,781,588, indicating higher investment in R&D[16] - Research and development expenses for the first nine months of 2018 were ¥10,495,827.95, an increase of 34.9% compared to ¥7,781,588.31 in the same period last year[29] - Research and development expenses increased to CNY 4.36 million, up 63.6% from CNY 2.67 million in the previous year[35] Government Support - The company received government subsidies amounting to CNY 1,920,000.00 during the reporting period[9] Future Outlook - The company’s management indicated a focus on market expansion and new product development in the upcoming quarters[29] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[36]