Guotai Group(SH:603977)2018-10-29 16:00Financial Performance - Operating revenue rose by 25.60% to CNY 487,002,712.69 year-to-date[7] - Net profit attributable to shareholders decreased by 7.34% to CNY 52,621,593.25 compared to the same period last year[7] - The company's operating revenue for Q3 2018 was CNY 487,002,712.69, an increase of 25.60% compared to CNY 387,737,146.72 in the same period last year[11] - Total revenue for Q3 2018 reached ¥182,363,387.23, an increase of 16.8% compared to ¥156,144,192.45 in Q3 2017[24] - Year-to-date revenue for the first nine months of 2018 was ¥487,002,712.69, up 25.6% from ¥387,737,146.72 in the same period last year[24] - Operating profit for the first nine months of 2018 was ¥64,923,329.43, slightly up from ¥64,075,134.49 in the same period last year[24] - The total profit for the first nine months of 2018 was a loss of approximately ¥3.63 million, compared to a loss of ¥81,231 in the same period of 2017[29] Cash Flow - Net cash flow from operating activities dropped significantly by 123.75% to -CNY 9,185,984.27[7] - The net cash flow from operating activities was negative at CNY -9,185,984.27, a decline of 123.75% compared to CNY 38,680,422.75 in the previous year, primarily due to increases in accounts receivable and prepaid accounts[11] - Cash inflow from operating activities for the first nine months was CNY 504,813,990.84, an increase of 23.1% compared to CNY 409,848,528.45 in the same period last year[33] - The net cash flow from investment activities was CNY -147,963,899.12, worsening from CNY -116,074,485.73 in the same period last year[34] - Cash inflow from financing activities increased to CNY 364,700,000.00, compared to CNY 118,430,000.00 in the previous year, marking a growth of 208.5%[34] - The net increase in cash and cash equivalents was CNY 35,828,776.72, contrasting with a decrease of CNY -68,472,784.18 in the same period last year[34] Assets and Liabilities - Total assets increased by 24.36% to CNY 1,652,756,914.03 compared to the end of the previous year[7] - The total assets of the company reached CNY 1,652,756,914.03, up from CNY 1,329,024,408.53 at the beginning of the year[17] - The company's total liabilities increased to CNY 554,637,631.73 from CNY 341,048,692.05, indicating a significant rise in financial obligations[17] - Current assets increased to ¥597,608,929.67 from ¥430,460,086.73 at the beginning of the year, reflecting a growth of 38.9%[21] - Total liabilities increased to ¥413,158,685.67 from ¥180,344,439.33, representing a growth of 129.0%[21] Shareholder Information - The number of shareholders reached 17,029 by the end of the reporting period[9] - Minority interest increased to CNY 119,467,102.37, a 195.82% increase compared to CNY 40,384,435.13 in the previous year[11] - Shareholders' equity decreased to ¥646,620,142.87 from ¥671,878,660.85, a decline of 3.8%[21] Research and Development - Research and development expenses increased by 52.29% to CNY 21,586,214.80, driven by increased investment in R&D projects during the reporting period[11] - Research and development expenses for Q3 2018 were ¥8,005,699.95, up 76.5% from ¥4,543,719.75 in Q3 2017[24] - Development expenditures rose by 134.63% to CNY 4,026,558.26, reflecting new R&D project investments[10] Inventory and Prepayments - Inventory surged by 89.09% to CNY 88,695,483.55, attributed to new subsidiary stock increases[10] - The company reported a significant increase in prepayments by 157.22% to CNY 25,719,831.33 due to tight supply of raw materials[10] Acquisitions and Investments - The company completed the acquisition of 100% equity in Weiyuan Explosives and Jiang Copper Mining Services, which are now wholly-owned subsidiaries[12] - Short-term borrowings increased significantly to CNY 313,500,000.00 from CNY 85,000,000.00, marking a 268.82% rise due to increased external investments during the reporting period[11] - The company plans to continue expanding its market presence and investing in new technologies and products following the successful acquisitions[12]