江丰电子(300666) - 2018 Q3 - 季度财报

Financial Performance - Operating revenue for the period reached CNY 173,304,703.72, a growth of 24.82% year-on-year[7] - Net profit attributable to shareholders was CNY 20,595,250.10, reflecting a 14.19% increase compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses was CNY 19,477,649.98, up by 20.41% year-on-year[7] - The basic earnings per share for the period was CNY 0.09, an increase of 12.50% year-on-year[7] - The total profit for the period was CNY 21,814,463.28, an increase of 22.1% compared to CNY 17,850,125.29 in Q3 2017[40] - Net profit for the current period was ¥51,007,394.54, up 30.5% from ¥39,102,763.81 in the previous period[48] - Basic and diluted earnings per share increased to ¥0.23 from ¥0.21, reflecting a 9.5% growth[48] Assets and Liabilities - Total assets increased by 28.02% to CNY 1,127,333,745.01 compared to the end of the previous year[7] - Current liabilities surged to CNY 474.88 million, compared to CNY 189.68 million at the start of the year, reflecting a substantial increase in short-term borrowings[30] - The company's total assets grew to CNY 1,127.33 million, a significant increase from CNY 880.61 million at the beginning of the year[30] - The total equity attributable to shareholders increased to CNY 599.58 million, compared to CNY 564.99 million at the beginning of the year[30] Cash Flow - The company reported a net cash flow from operating activities of CNY -17,300,272.63, a decline of 168.95%[7] - Cash flow from operating activities showed a net outflow of ¥17,300,272.63, compared to a net inflow of ¥25,090,044.84 in the previous period[51] - Cash and cash equivalents increased by 61.70% to RMB 239,394,894.03 compared to the end of the previous year, primarily due to the increase in short-term bank loans for financing[16] - Cash and cash equivalents at the end of the period totaled ¥231,552,996.63, an increase from ¥136,683,962.05 at the end of the previous period[52] - The net cash flow from financing activities increased to ¥220,532,225.09 from ¥130,788,466.38 in the previous period, indicating stronger financing capabilities[52] Expenses - Total operating costs amounted to CNY 152.59 million, up 24.4% from CNY 122.67 million year-on-year[35] - Research and development expenses increased by 45.75% to ¥32,090,536.36, reflecting the company's intensified focus on technology development[18] - Financial expenses dropped significantly by 94.14% to ¥582,942.97, primarily due to a substantial decrease in exchange loss compared to the previous year[18] - The company reported a decrease in financial expenses to ¥254,894.67 from ¥10,041,260.48 in the previous period, indicating improved financial management[46] Inventory and Prepayments - Inventory increased by 45.10% to RMB 212,779,983.04, driven by market expansion and increased stock to meet customer orders[16] - Prepayments rose significantly by 344.45% to RMB 20,119,084.82, mainly due to increased advance payments for materials[16] - The total inventory rose to ¥212,779,983.04, up from ¥146,645,648.72, indicating a strategic increase in stock levels to meet customer demand[28] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 36,390[11] - The largest shareholder, Yao Lijun, holds 28.27% of the shares, with 61,832,716 shares pledged[11] Government Subsidies and Tax - Government subsidies recognized in the current period amounted to CNY 10,350,452.23[8] - Tax and additional fees decreased by 36.19% to ¥1,897,667.24 compared to the same period last year, mainly due to reductions in urban construction tax and education fees[18] - The company received tax refunds amounting to ¥24,552,936.28, a significant increase of 3377.82% compared to the previous year, primarily from increased export tax rebates[19] Comprehensive Income - The total comprehensive income for the period was CNY 20,858,947.28, compared to CNY 18,182,376.55 in Q3 2017, reflecting a growth of 14.8%[38] - Total comprehensive income attributable to the parent company was ¥46,188,730.24, compared to ¥38,432,977.28 in the previous period, marking a 20.5% increase[45]