Gosuncn(SZ:300098)2018-10-23 16:00Financial Performance - Net profit attributable to shareholders was ¥142,739,105.95, representing a growth of 43.54% year-on-year[7]. - Operating revenue for the period was ¥1,149,992,047.79, reflecting an increase of 118.25% compared to the same period last year[7]. - Basic earnings per share increased to ¥0.0845, up 36.51% year-on-year[7]. - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of ¥142,445,538.22, up 45.28% year-on-year[7]. - The company achieved operating revenue of CNY 1,149.99 million in Q3 2018, representing a year-on-year growth of 118.25%[27]. - The net profit attributable to ordinary shareholders for Q3 2018 was CNY 142.74 million, up 43.54% year-on-year[27]. - The company's total comprehensive income for the third quarter was approximately CNY 245.60 million, compared to CNY 185.84 million in the same period last year, representing an increase of about 32.2%[68]. - Basic earnings per share increased to CNY 0.1431 from CNY 0.1157, reflecting a growth of approximately 23.7% year-over-year[68]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,080,535,411.09, an increase of 7.28% compared to the previous year[7]. - Total liabilities increased to RMB 2,511,215,905.97 from RMB 2,377,622,062.79, marking an increase of approximately 5.6%[50]. - The company's equity attributable to shareholders rose to RMB 5,479,003,694.68 from RMB 5,064,695,747.73, an increase of about 8.2%[50]. - The company's cash and cash equivalents decreased to RMB 1,162,844,326.49 from RMB 1,606,160,235.83 at the beginning of the period, representing a decline of approximately 27.6%[48]. - Accounts receivable increased to RMB 1,630,937,645.54 from RMB 1,111,315,794.22, reflecting a growth of approximately 46.7%[48]. - Inventory decreased to RMB 610,731,601.34 from RMB 891,350,310.93, indicating a reduction of about 31.4%[48]. Cash Flow - The net cash flow from operating activities showed a significant improvement, with a net cash outflow of ¥-385,873,205.86, a 1,995.96% increase compared to the previous year[7]. - Cash inflow from operating activities reached CNY 1.67 billion, up from CNY 1.05 billion, indicating a growth of about 58.5%[69]. - The net cash flow from operating activities was negative CNY 385.87 million, worsening from negative CNY 18.41 million in the previous year[71]. - Cash outflow for investing activities totaled CNY 42.15 million, a decrease from CNY 131.68 million in the same period last year, showing a reduction of approximately 68.0%[71]. - Cash inflow from financing activities was CNY 150.49 million, down from CNY 302.03 million, representing a decline of about 50.2%[71]. Shareholder Information - The total number of shareholders at the end of the reporting period was 45,373[12]. - The largest shareholder, Liu Shuangguang, holds 30.74% of the shares, amounting to 543,730,157 shares[12]. - The company has a total of 443,224,229 restricted shares held by Mr. Liu Shuangguang, which are set to be released on December 4, 2018, with 25% unlocking annually thereafter[16]. - The company plans to repurchase shares using its own funds not less than RMB 20 million and not exceeding RMB 80 million at a price not exceeding RMB 8.00 per share, with a repurchase period of no more than 6 months[40]. Research and Development - R&D expenses increased by 165.28% year-on-year, reflecting the company's commitment to enhancing research and development efforts[23]. - The R&D platform has been optimized into a dual-layer structure with four central research institutes and seven product R&D groups, focusing on core technologies[27]. - The company maintained a stable R&D investment, with R&D personnel expanding to 1,363, accounting for 39% of the total workforce, and 85% of R&D staff holding a bachelor's degree or higher[33]. - Total R&D expenditure for the first three quarters of 2018 reached 279.85 million yuan, representing 10.97% of revenue, a year-on-year increase of 165.28%[33]. Strategic Initiatives - The company signed a strategic cooperation agreement with Huawei to develop new safety and smart city solutions, enhancing its market position in public safety[26]. - The company has established a dual-channel sales strategy, covering 31 provinces and regions in China with over 130 service outlets and 14 provincial offices, while also building sales platforms in the US, Europe, and Hong Kong[34]. - The company has formed deep partnerships with top telecom operators in Europe and the US, exporting products to multiple countries including the US, Canada, Germany, and the UK[34]. Operational Efficiency - Operating costs rose by 91.24% year-on-year, in line with the increase in revenue[23]. - The supply chain system has been continuously upgraded to ensure stable and rapid delivery, supporting the company's high-speed growth[36]. - The company has improved its information management and security systems, advancing CRM system penetration to enhance sales methodologies and management tools[39].