ELECSPN(SZ:002935)2018-10-23 16:00Financial Performance - Operating income for the reporting period was CNY 100,761,441.85, a 1.58% increase year-on-year[8] - Net profit attributable to shareholders increased by 25.61% to CNY 4,984,510.25 compared to the same period last year[8] - Basic earnings per share rose by 13.10% to CNY 0.0561[8] - The estimated net profit for 2018 is projected to be between ¥9,580,000 and ¥10,500,000, representing a growth of 3.55% to 13.49% compared to the previous year[21] Assets and Liabilities - Total assets increased by 54.15% to CNY 1,435,838,904.62 compared to the end of the previous year[8] - Net assets attributable to shareholders increased by 84.15% to CNY 1,117,987,968.85 compared to the end of the previous year[8] - Inventory increased by 51.75% to CNY 488,449,790.13, reflecting production based on signed contracts and orders[16] - The company reported a significant reduction in asset impairment losses by 2388.12% to -¥1,309,996.71 due to the recovery of previously impaired receivables[17] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -75,455,478.75, a decline of 109.32%[8] - Cash flow from operating activities improved by 39.58% to -¥44,039,412.53 due to increased sales collections compared to the previous year[19] - Cash flow from investing activities worsened by 102.25% to -¥15,008,767.10 due to increased investment in fundraising projects[19] - Cash flow from financing activities significantly improved to ¥436,765,521.23 from -¥69,344,597.62 due to the proceeds from the initial public offering[19] - Net increase in cash and cash equivalents was ¥377,717,341.60, a change of -352.40% compared to the previous year, attributed to IPO proceeds and increased sales collections[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 29,443[12] Expenses - R&D expenses increased by 31.64% to ¥29,232,495.46 driven by higher spending on technology reserves and new product development[17] - Financial expenses decreased by 58.52% to ¥1,118,342.23 as a result of reduced borrowing and corresponding interest expenses[17] - Tax and additional fees decreased by 31.80% to ¥459,119 due to increased deductible input tax[17] Other Income - Other income increased by 54.29% to ¥3,098,928.69, attributed to higher government subsidies related to daily activities[18] - The company reported a significant increase in cash and cash equivalents by 200.26% to CNY 563,776,632.87 due to the proceeds from the IPO[16] - The company’s capital reserve increased by 555.96% to CNY 533,364,746.41 due to the premium from the IPO[16]