SVG(SZ:300331)2018-10-25 16:00Financial Performance - Operating revenue for the period reached CNY 268,027,772.40, an increase of 18.65% year-on-year[7] - Net profit attributable to shareholders decreased by 6.81% to CNY 23,580,660.46 compared to the same period last year[7] - Basic earnings per share decreased by 9.09% to CNY 0.10[7] - The weighted average return on equity was 1.68%, down by 0.24% from the previous year[7] - Net profit for Q3 2018 was CNY 22,735,373.03, a decrease of 6.8% from CNY 24,402,121.10 in Q3 2017[42] - Earnings per share for Q3 2018 were CNY 0.10, down from CNY 0.11 in the same quarter last year[43] - Net profit for the current period was ¥59,440,358.31, a slight increase of 2.2% compared to ¥58,165,302.16 in the previous period[51] - The total profit for the current period was ¥71,256,765.02, slightly down from ¥71,529,488.28 in the previous period[50] - The total comprehensive income for the quarter was 22,088,215.75 CNY, down from 33,929,107.77 CNY in the same period last year, a decrease of approximately 34.8%[54] Cash Flow - The net cash flow from operating activities showed a significant decline of 1,142.51% to -CNY 85,722,788.05[7] - The net cash flow from operating activities plummeted by 1142.51% to -¥85,722,788.05, primarily due to rising labor costs and increased R&D expenditures[21] - The net cash flow from financing activities increased by 382.42% to ¥142,542,493.90, mainly due to increased bank borrowings[21] - The net cash flow from financing activities was 93,607,163.13 CNY, an increase from 23,794,328.78 CNY in the previous period[61] - The company reported a net cash outflow from investing activities of -141,457,889.66 CNY, compared to -92,237,064.79 CNY in the previous year[57] - The cash inflow from financing activities was 310,492,350.00 CNY, significantly higher than 150,900,000.00 CNY in the previous period, indicating an increase of about 105.5%[57] - The net increase in cash and cash equivalents was -53,260,820.46 CNY, reflecting a decline in cash position[61] Assets and Liabilities - Total assets increased by 10.36% to CNY 2,033,239,652.50 compared to the end of the previous year[7] - The company's cash and cash equivalents decreased by 35.81% to ¥137,410,298.49 from ¥214,082,989.49 due to cash management and investment payments[19] - Total liabilities rose from CNY 440.70 million to CNY 590.15 million, an increase of approximately 33.9%[35] - Total assets as of Q3 2018 were CNY 1,712,955,911.56, up from CNY 1,615,974,729.24 at the end of Q3 2017[39] - Total liabilities for Q3 2018 were CNY 276,445,289.75, an increase of 50.7% from CNY 183,468,436.07 in Q3 2017[39] - The company's equity attributable to shareholders increased from CNY 1.40 billion to CNY 1.44 billion, a rise of about 3%[35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,548[11] - The largest shareholder, Chen Linsen, holds 22.22% of the shares, amounting to 50,237,990 shares[11] - The company has no plans for share repurchase transactions among the top shareholders during the reporting period[12] - The company has no overdue commitments from controlling shareholders or related parties during the reporting period[25] - There were no violations regarding external guarantees during the reporting period[27] Research and Development - Research and development expenses for Q3 2018 amounted to CNY 20,200,405.28, an increase of 8.5% compared to CNY 18,618,885.83 in Q3 2017[40] - Research and development expenses increased to ¥55,154,926.87, up 16.6% from ¥47,301,875.11 in the previous period[49] Strategic Initiatives - The company continues to focus on market expansion and new product development as part of its strategic initiatives[50] - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[54]