Sunxing(SH:603978)2017-10-24 16:00Financial Performance - Operating revenue for the first nine months reached CNY 744,640,689.29, a 37.64% increase year-on-year[6] - Net profit attributable to shareholders decreased by 10.82% to CNY 82,505,090.31 compared to the same period last year[6] - Basic and diluted earnings per share decreased by 13.64% to CNY 1.33[7] - The net profit attributable to shareholders decreased by 10.82% to ¥82,505,090.31 compared to ¥92,510,221.55 in the same period last year, primarily due to a significant reduction in non-operating income[13] - Revenue for the first nine months increased by 37.64% to ¥744,640,689.29 from ¥541,003,072.61, driven by growth in both sales volume and prices[15] - The gross profit margin for the first nine months of 2017 was approximately 16.5%, compared to 15.5% in the same period of 2016[24] - Operating profit for the first nine months of 2017 was ¥90,202,617.72, an increase of 6.1% from ¥84,747,904.65 in the previous year[25] - The net profit for Q3 2017 was CNY 17,786,565.44, a decrease from CNY 19,758,419.49 in the same period last year, representing a decline of approximately 9.9%[30] - The total profit for Q3 2017 was CNY 20,279,237.02, down from CNY 22,852,156.99 in the same period last year, marking a decrease of about 11.3%[30] Assets and Liabilities - Total assets increased by 76.62% to CNY 1,645,683,042.33 compared to the end of the previous year[6] - Total current assets increased to ¥1,066,583,808.03 from ¥460,003,226.03, representing a growth of approximately 132.5%[19] - Total liabilities rose to ¥348,992,950.36 from ¥268,963,103.90, which is an increase of approximately 29.7%[20] - Owner's equity increased significantly to ¥1,296,690,091.97 from ¥662,799,588.06, representing a growth of about 95.5%[20] - The company reported a significant increase in capital reserve to ¥660,815,375.62 from ¥129,234,281.28, marking an increase of about 412.5%[22] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -131,973,168.18, a decrease of 336.36% compared to the previous year[6] - The cash flow from financing activities showed a remarkable increase of 1830.13% to ¥649,370,923.80, compared to a negative cash flow of ¥37,533,123.64 in the previous year[15] - The net cash flow from operating activities for the first nine months of 2017 was negative CNY 131,973,168.18, compared to a positive CNY 55,834,583.01 in the same period last year[34] - Cash inflow from borrowings totaled $150,000,000.00, with a previous amount of $10,000,000.00[37] - Net cash flow from financing activities was $649,370,923.80, compared to a decrease of $37,533,123.64 in the previous period[37] Shareholder Information - The total number of shareholders reached 11,270 by the end of the reporting period[10] - The top shareholder, Chen Xueming, holds 27.13% of the shares, totaling 21,704,700 shares[10] Expenses and Investments - Operating costs rose by 42.94% to ¥583,053,865.85, mainly due to increased sales volume and rising raw material prices[15] - The company reported a significant increase in management expenses by 55.11% to ¥41,268,477.79, primarily due to increased R&D investments[15] - The company incurred asset impairment losses of ¥1,449,681.34 in Q3 2017, compared to ¥1,205,024.60 in Q3 2016[24] - Operating expenses for the first nine months of 2017 amounted to CNY 638,908,805.61, compared to CNY 307,035,655.90 in the previous year, reflecting an increase of approximately 108%[34] Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company plans to continue expanding its market presence and investing in new projects, as indicated by the increase in construction in progress by 152.74% to ¥123,725,829.30[14]