RC(SZ:300596)2017-10-26 16:00Financial Performance - Operating revenue for the reporting period reached CNY 310,195,030.83, a year-on-year increase of 47.97%[8] - Net profit attributable to shareholders was CNY 35,910,204.06, up 45.82% year-on-year[8] - Net profit after deducting non-recurring gains and losses was CNY 35,152,970.63, an increase of 43.75% year-on-year[8] - The company’s net profit increased by 37.62% to CNY 324,386,259.71, attributed to improved operational performance during the reporting period[17] - The net profit attributable to the parent company was CNY 93,392,334.79, up 27.2% from CNY 73,456,800.93 in the same period last year[44] - The total comprehensive income for the period was CNY 93,355,335.53, compared to CNY 74,097,800.04 in the same period last year, indicating a growth of 26.0%[44] Assets and Liabilities - Total assets increased by 48.99% to CNY 1,345,314,001.13 compared to the end of the previous year[8] - The total liabilities of the company amounted to CNY 449,694,372.27, up from CNY 398,389,643.23, indicating a rise of approximately 12.9%[28] - The company's total liabilities increased to ¥377,113,548.82 from ¥346,735,520.29, which is an increase of approximately 8.0%[32] - The company's total assets increased significantly, with fixed assets rising by 32.37% to CNY 289,982,858.87, due to the completion of investment projects[17] - As of September 30, 2017, the total assets of Tianjin Lianlong New Materials Co., Ltd. reached CNY 1,345,314,001.13, an increase from CNY 902,964,701.95 at the beginning of the period, reflecting a growth of approximately 48.9%[26] Cash Flow - Cash flow from operating activities increased significantly by 499.94% to CNY 23,331,641.28 year-to-date[8] - The company reported a net cash flow from operating activities of CNY 23,331,641.28, significantly higher than CNY 3,888,985.73 in the previous period[48] - The company's operating cash flow for the period was 38,858,475.45 yuan, compared to a negative cash flow of -6,857,370.02 yuan in the previous period, indicating a significant improvement[53] - Total cash and cash equivalents at the end of the period reached 348,940,442.26 yuan, up from 110,217,171.55 yuan at the beginning of the period, reflecting a net increase of 238,723,270.71 yuan[51][53] - The company received 284,700,000.00 yuan from investment activities, contributing to a net cash inflow from financing activities of 319,052,844.51 yuan[54] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,560[12] - The equity attributable to the owners of the parent company increased to CNY 869,591,584.01 from CNY 504,509,251.66, reflecting a growth of around 72.3%[29] Expenses - Financial expenses surged by 871.63% to CNY 7,972,719.76, primarily due to increased interest expenses from additional borrowings and foreign exchange losses from the depreciation of the US dollar[17] - The company incurred management expenses of CNY 55,573,148.01, which is an increase of 65.0% from CNY 33,621,236.11 in the previous period[43] - The company incurred sales expenses of ¥23,153,052.03, which is an increase from ¥12,282,590.34, reflecting a rise of about 88.5%[35] Investments and Subsidiaries - The company established a subsidiary in Zhuhai to invest in a polymer material anti-aging agent project, with a total investment of approximately CNY 2 billion, including CNY 1.2 billion in fixed assets[19] - The company acquired a 70% stake in Zhejiang Changshan Kerun New Materials Co., Ltd., enhancing its market supply capacity and product structure[18] Earnings Per Share - Basic earnings per share decreased by 27.08% to CNY 0.1995 compared to the same period last year[8] - Earnings per share (EPS) for the third quarter was reported at ¥0.1995, down from ¥0.2736 in the previous year[36] - The basic and diluted earnings per share were both CNY 0.5286, down from CNY 0.8162 in the previous period[44]