科恒股份(300340) - 2017 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders reached ¥74,657,174.88, representing a staggering increase of 4,201.12% year-on-year[8]. - Operating revenue for the period was ¥572,877,867.32, up 253.35% from the same period last year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥24,937,413.88, an increase of 1,347.87% year-on-year[8]. - Basic earnings per share were ¥0.6334, reflecting a growth of 3,540.23% compared to the previous year[8]. - The weighted average return on equity was 5.46%, slightly up from 5.24% year-on-year[8]. - Net profit for the first nine months of 2017 was ¥135,741,134.44, a remarkable increase of 2142.90% year-on-year, primarily driven by the substantial growth in sales of lithium battery cathode materials[19]. - Total operating revenue for the third quarter reached ¥572,877,867.32, a significant increase from ¥162,129,764.67 in the same period last year, representing a growth of approximately 253.5%[38]. - Net profit for the quarter was ¥74,763,874.10, a substantial rise from ¥1,913,494.85 year-over-year, reflecting an increase of approximately 3,901.5%[39]. - Total operating revenue for the current period reached ¥1,319,833,683.47, a significant increase from ¥416,789,462.77 in the previous period, representing a growth of approximately 216.5%[46]. - Net profit for the current period was ¥135,741,134.44, a substantial rise from ¥6,052,039.50 in the previous period, indicating an increase of approximately 2,245.5%[47]. Assets and Liabilities - Total assets increased to ¥3,323,438,074.88, a growth of 53.60% compared to the previous year[8]. - The total assets of Jiangmen Keheng Industrial Co., Ltd. as of September 30, 2017, amounted to CNY 3,323,438,074.88, an increase from CNY 2,163,661,956.76 at the beginning of the year, representing a growth of approximately 53.7%[28]. - The total liabilities reached CNY 1,871,079,858.98, up from CNY 876,595,697.15, reflecting a growth of about 113.0%[31]. - Total current liabilities increased to CNY 1,833,629,378.65 from CNY 864,415,697.15, which is an increase of approximately 112.5%[31]. - The company's total liabilities stood at ¥871,948,574.05, compared to ¥243,847,966.39 in the previous year, which is an increase of approximately 258.5%[39]. Cash Flow - The company reported a net cash flow from operating activities of -¥35,674,201.65, a decrease of 16.61% compared to the previous year[8]. - The net cash flow from operating activities was -7,468,741.76 CNY, compared to -29,163,355.05 CNY in the previous period, indicating an improvement[58]. - Total cash inflow from operating activities was 455,985,863.99 CNY, up from 302,957,164.49 CNY year-on-year[57]. - The net cash flow from investing activities was -147,229,854.71 CNY, compared to -181,185,720.33 CNY in the previous period, showing a reduction in losses[58]. - Cash inflow from investment activities totaled 33,788,893.00 CNY, significantly higher than 3,750,000.00 CNY in the previous period[58]. - Cash inflow from financing activities was 189,010,000.00 CNY, compared to 63,204,573.40 CNY in the previous period, indicating a strong increase[55]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,758[12]. - The largest shareholder, Wan Guojiang, holds 19.14% of the shares, with 22,558,500 shares, of which 16,918,875 are pledged[12]. Operational Metrics - Accounts receivable increased by 58.45% to ¥678,155,988.46, attributed to a significant rise in sales volume of lithium battery materials[18]. - Inventory surged by 110.93% to ¥940,604,121.14, reflecting the company's efforts to meet growing customer demand and production needs[18]. - The company’s prepayments rose by 286.98% to ¥166,555,552.13, driven by tight supply of lithium battery raw materials[18]. - The company incurred asset impairment losses of ¥23,672,341.88 in the current period, compared to a gain of ¥665,089.28 in the previous period[46]. - The company’s sales expenses increased to ¥36,577,263.84 from ¥8,751,955.32, reflecting an increase of approximately 317.5%[46]. - The company’s management expenses rose to ¥104,084,588.86 from ¥27,606,492.12, indicating an increase of about 276.5%[46]. Regulatory and Compliance - The company received a notice of acceptance for its administrative license application from the China Securities Regulatory Commission on October 18, 2017[22]. - The company reported no overdue commitments or violations regarding external guarantees during the reporting period[24]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[25]. - The company did not foresee any significant changes in net profit compared to the same period last year[24].