Jinfei Kaida(SZ:002863)2017-10-31 16:00Financial Performance - Operating revenue for the period was CNY 564,380,359.59, reflecting a 12.07% increase compared to the same period last year[7] - Net profit attributable to shareholders decreased by 47.14% to CNY 5,982,545.84 year-on-year[7] - Basic earnings per share fell by 57.14% to CNY 0.03[7] - The estimated net profit attributable to shareholders for 2017 is expected to range from 51.18 million to 87.73 million yuan, representing a change of -30.00% to 20.00% compared to the previous year[22] - The net profit for the current period is CNY 40,386,780.08, a decrease of 9.7% from CNY 44,568,652.07 in the previous period[48] - The total comprehensive income for the current period is CNY 39,545,564.45, compared to CNY 43,878,820.89 in the previous period, a decrease of 9.6%[49] - The company reported a gross profit margin of approximately 12.5% for the current period, down from 14.5% in the previous period[44] - Net profit for Q3 2017 was CNY 6,583,944.83, a decrease of 43.5% from CNY 11,730,366.65 in Q3 2016[40] - Operating profit increased to ¥28,615,775.65, up 8.0% from ¥26,500,272.22 in the previous period[51] - Net profit for the current period is ¥25,113,002.90, down 15.5% from ¥29,749,867.14 in the previous period[52] Assets and Liabilities - Total assets increased by 24.53% to CNY 3,613,791,129.16 compared to the end of the previous year[7] - The total liabilities increased to CNY 2,716,212,549.50 from CNY 2,303,240,830.99, representing a growth of 17.9%[34] - Long-term payables decreased by 30.7% compared to the beginning of the period, mainly due to a reduction in financing leases[16] - Total cash and cash equivalents at the end of the period increased to ¥159,641,751.65 from ¥144,501,799.20 in the previous period[56] Cash Flow - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 41,951,864.53, a 7,343.37% increase in outflow compared to the previous year[7] - Cash flow from operating activities shows a net outflow of ¥261,610,582.93, compared to a net inflow of ¥106,773,322.76 in the previous period[55] - Cash flow from investing activities resulted in a net outflow of ¥153,402,785.26, worsening from a net outflow of ¥128,418,533.47 in the previous period[56] - Cash flow from financing activities generated a net inflow of ¥513,431,436.51, a significant improvement from a net outflow of ¥1,663,037.14 in the previous period[56] Inventory and Costs - Inventory increased by 121.84% compared to the beginning of the period, attributed to rising prices of raw materials and increased stockpiling[15] - Operating costs for Q3 2017 amounted to CNY 579,865,881.67, up from CNY 494,361,274.88, reflecting a year-over-year increase of 17.3%[39] - Operating costs for the current period amount to CNY 1,699,605,110.78, up from CNY 1,526,992,882.48, reflecting a rise of 11.3%[46] - Cash paid for purchasing goods and receiving services increased by 45.88% compared to the same period last year, mainly due to an increase in inventory[20] Shareholder Information - Net assets attributable to shareholders rose by 50.76% to CNY 887,066,422.52 year-on-year[7] - The number of ordinary shareholders at the end of the reporting period was 29,141[11] - Capital reserve increased by 222.84% compared to the beginning of the period, primarily due to funds raised from the initial public offering[17] Government Support and Other Income - The company received government subsidies amounting to CNY 26,843,316.34 during the reporting period[8] - Other income increased by 100% compared to the same period last year, mainly due to adjustments in government subsidy income[18] Future Outlook - The company plans to expand its market presence and invest in new product development to drive future growth[44]