晶盛机电(300316) - 2018 Q3 - 季度财报

Financial Performance - Operating revenue for the current period reached CNY 645,600,762.08, a 43.93% increase year-on-year[8] - Net profit attributable to shareholders increased by 44.24% to CNY 160,680,313.51 for the current period[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 42.72% to CNY 151,699,263.68 for the current period[8] - Basic earnings per share rose by 44.44% to CNY 0.13 for the current period[8] - The weighted average return on equity increased to 4.19%, up from 0.90% in the previous year[8] - The total operating revenue for the third quarter was CNY 645.6 million, an increase of 44% compared to CNY 448.5 million in the same period last year[45] - The net profit attributable to the parent company was CNY 160.7 million, up from CNY 111.4 million, representing a growth of 44% year-on-year[47] - The expected net profit for 2018 is projected to grow by 45%-75%, amounting to between RMB 560.63 million and RMB 676.62 million, compared to RMB 386.64 million in 2017[32] Assets and Liabilities - Total assets increased by 1.38% to CNY 6,099,276,056.06 compared to the end of the previous year[8] - Net assets attributable to shareholders increased by 9.79% to CNY 3,918,185,518.28 compared to the end of the previous year[8] - The total liabilities decreased to CNY 2.14 billion from CNY 2.44 billion, a reduction of approximately 12.3%[44] - The company's total assets decreased by 90.42% to CNY 806,302.31 due to the receipt of performance compensation from shareholders[19] - The company's inventory at the end of the reporting period was CNY 1,540,817,329.76, which is a 47.52% increase from the beginning of the year[19] - The company's total assets increased slightly from RMB 6.02 billion at the beginning of the period to RMB 6.10 billion by the end of September 2018[39] Cash Flow - Cash flow from operating activities showed a significant increase of 633.52% to CNY 79,732,486.83 year-to-date[8] - The net cash flow from operating activities for the first nine months of 2018 was CNY 79,732,500, reflecting a significant increase of 633.52% year-on-year[24] - The company's cash and cash equivalents decreased from RMB 804.34 million at the beginning of the period to RMB 612.65 million by the end of September 2018[39] - The company's cash and cash equivalents decreased to CNY 511.9 million from CNY 726.1 million, a decline of 29.5%[42] - Cash inflow from financing activities reached ¥400,258,383.20, significantly higher than ¥21,080,000.00 previously[57] - Net cash flow from financing activities improved to ¥20,483,011.42, compared to a negative cash flow of -¥76,336,283.14 in the last period[57] Research and Development - Research and development expenses for the first nine months of 2018 amounted to CNY 145,338,836.57, up 48.87% year-on-year[22] - Research and development expenses increased to CNY 45.7 million, up from CNY 33.1 million, reflecting a growth of 38% year-on-year[45] - Research and development expenses surged to ¥29,927,472.52, up 134.8% from ¥12,741,582.12 in the previous period, indicating a strong focus on innovation[49] Shareholder Information - The total number of shareholders at the end of the reporting period was 44,502[12] - The company's net profit increased, resulting in an increase of 37.53% in retained earnings, totaling CNY 1,272,783,571.80 at the end of the reporting period[21] Contracts and Investments - As of September 30, 2018, the company had uncompleted contracts totaling RMB 2.87 billion, with RMB 513 million fully delivered and RMB 1.99 billion partially delivered[27] - The company signed contracts in October 2018 for semiconductor equipment with a total value of RMB 402.85 million[27] - The company completed a capital increase of RMB 120 million for its subsidiary Inner Mongolia Jinghuan Electronic Materials Co., Ltd. in May 2018[29] - The company established a wholly-owned subsidiary, Zhejiang Qiushi Semiconductor Co., Ltd., in May 2018[29] Financial Expenses - The company reported a 105.35% increase in income tax expenses, amounting to CNY 56,115,116.06, due to increased sales profits[23] - The company experienced a 295.12% increase in financial expenses, totaling CNY 6,023,996.34, attributed to increased bank loan interest[22] - The company experienced a decrease in financial expenses, reporting a net financial income of ¥-4,407,238.49, compared to ¥-10,698,257.98 in the previous period[54] Overall Growth and Market Expansion - The company reported a significant increase in sales of photovoltaic equipment and semiconductor devices, positively impacting performance[32] - The company has shown a commitment to market expansion and product development, as evidenced by the significant increase in R&D spending and overall revenue growth[49]