XCMG(SZ:000425)2018-10-30 16:00Financial Performance - Operating revenue for the period reached CNY 10.13 billion, a 42.63% increase compared to the same period last year[7] - Net profit attributable to shareholders was CNY 403.87 million, up 77.49% year-on-year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 81.58% to CNY 355.69 million[7] - Basic earnings per share rose by 50.00% to CNY 0.048[7] - The weighted average return on net assets increased by 0.58 percentage points to 1.65%[7] - The company reported a gross profit margin of approximately 8.1% for Q3 2018, compared to 8.0% in the same period last year[37] - The company achieved a profit margin of approximately 7.77% for the current period, compared to 1.84% in the previous period[42] - The company reported a comprehensive income total of ¥1,524,046,453.55, up from ¥787,768,586.63, representing a growth of 93.59%[47] Assets and Liabilities - Total assets increased by 17.80% to CNY 58.63 billion compared to the end of the previous year[7] - Total liabilities stood at CNY 30.79 billion, up from CNY 25.71 billion, which is an increase of about 19.5%[31] - The company's total liabilities increased, with accounts payable rising by 39.24% due to increased procurement volume[17] - Total assets increased to ¥34,479,146,088.38, compared to ¥30,090,488,960.31 at the beginning of the year, reflecting a growth of 14.4%[34] - Total liabilities increased to ¥12,402,766,547.85, compared to ¥10,614,054,333.49 at the beginning of the year, representing a growth of 16.8%[34] Shareholder Information - The company reported a total of 250,984 shareholders at the end of the reporting period[12] - The largest shareholder, Xugong Group, holds 38.11% of the shares, totaling 2,985,042,012 shares[12] - The company's equity attributable to shareholders reached CNY 27.65 billion, compared to CNY 24.02 billion, showing an increase of approximately 15.5%[31] Cash Flow - Cash flow from operating activities decreased by 13.49% to CNY 1.92 billion year-to-date[7] - Cash flow from operating activities for the year-to-date period reached CNY 35,820,921,524.76, compared to CNY 24,563,267,675.09 in the previous year, reflecting an increase of approximately 46%[51] - The company reported a net cash flow from investing activities of CNY -2,188,594,065.65, worsening from CNY -233,857,686.73 in the prior year, indicating increased investment outflows[53] - Cash flow from financing activities generated a net inflow of CNY 1,435,051,938.09, compared to CNY 688,680,704.48 in the same period last year, showing a significant increase of about 108%[53] Investment and R&D - Long-term equity investments rose by 138.03% due to new investments in joint ventures during the reporting period[17] - The company's R&D expenses increased by 40.56%, reflecting a commitment to the "technology leadership" initiative[17] - Research and development expenses for Q3 2018 were ¥466,493,188.32, an increase of 10.3% from ¥420,767,621.81 in Q3 2017[37] Other Financial Metrics - The company's financial expenses decreased by 88.65%, primarily due to increased cash inflows and reduced interest-bearing liabilities[17] - The company's development expenditures increased by 136.70%, as more expenses met the criteria for intangible asset recognition[17] - The company reported a significant increase in asset disposal gains, which rose by 336.80% due to the disposal of non-current assets[17] - The company’s short-term borrowings rose to ¥2,440,000,000.00, compared to ¥1,130,000,000.00 at the beginning of the year, indicating a significant increase of 116.0%[34] Miscellaneous - The report for the third quarter was not audited[58] - The report was approved by the board of directors on October 29, 2018[59]