Increase(SZ:300713)2018-10-25 16:00Financial Performance - Operating revenue for the reporting period was ¥89,104,816.53, representing a decrease of 35.70% year-on-year[8] - Net profit attributable to shareholders was ¥9,648,329.76, down 69.74% compared to the same period last year[8] - Basic earnings per share were ¥0.10, a decline of 76.19% year-on-year[8] - The weighted average return on net assets was 1.30%, down 87.98% from the previous year[8] - Cash flow from operating activities showed a net outflow of ¥25,783,231.02, a decrease of 165.90% compared to the same period last year[8] - Total operating revenue for the current period is ¥89,104,816.53, a decrease of 35.6% from ¥138,575,517.41 in the previous period[34] - Net profit for the current period is ¥9,614,977.82, a decline of 69.9% compared to ¥31,885,273.78 in the previous period[36] - The company reported a net profit increase, with retained earnings growing to CNY 224.65 million from CNY 187.66 million, a rise of approximately 19.7%[29] - The company reported a total profit for the third quarter of CNY 46,343,253.18, a decrease of 43.7% from CNY 82,318,253.60 in the previous year[45] Assets and Liabilities - Total assets at the end of the reporting period reached ¥960,409,805.44, an increase of 5.67% compared to the previous year[8] - Total current liabilities decreased to CNY 184.42 million from CNY 197.98 million, a reduction of approximately 6.8%[29] - Total non-current assets increased to CNY 145.96 million from CNY 52.82 million, a significant rise of approximately 176.5%[28] - Deferred income tax assets increased by 166.57% to ¥10,076,968.90, primarily due to the consolidation of Guangyi Power's financials[17] - The company reported a cash and cash equivalents balance of 37,790,528.32 CNY at the end of the period, down from 86,136,996.03 CNY in the previous period[55] Shareholder Information - The total number of shareholders at the end of the reporting period was 10,470,889[12] - The largest shareholder, Yin Wei, holds 45.08% of the shares, totaling 43,108,117 shares[12] - The company did not engage in any repurchase transactions during the reporting period[13] Research and Development - Research and development expenses increased by 86.33% to ¥25,792,954.13, reflecting higher investment in R&D by the company and its subsidiary Guangyi Power[18] - R&D expenses for the year-to-date period increased to ¥25,792,954.13, up 86.0% from ¥13,842,365.61 in the previous year[43] - Research and development expenses increased to CNY 22,310,991.27, up 71.0% from CNY 12,982,355.29 year-over-year, indicating a focus on innovation[47] Cash Flow and Investments - The company reported a cash flow from operating activities net loss of CNY 25,783,231.02, contrasting with a net gain of CNY 39,124,797.06 in the same quarter last year[49] - Total cash inflow from investment activities was 934,345,665.17 CNY, while cash outflow was 1,056,383,306.33 CNY, resulting in a net cash flow of -122,037,641.16 CNY from investment activities[53] - Cash inflow from financing activities was 7,650,000.00 CNY, while cash outflow totaled 22,590,591.30 CNY, leading to a net cash flow of -14,940,591.30 CNY from financing activities[53] - The company received 8,209,290.17 CNY in investment income during the period, compared to 537,103.46 CNY in the previous period, showing a substantial increase[53] Future Plans - The company plans to increase its registered capital in Shenzhen Yingyuan Power Technology Co., Ltd. from ¥5 million to ¥30 million, maintaining a 100% ownership stake[19] - The company approved a proposal to establish a wholly-owned subsidiary with an investment of ¥10 million in Shenzhen Shenrui Information Technology Co., Ltd.[20] - The company plans to expand its market presence and invest in new product development to drive future growth[30] - The company is focusing on enhancing its technological capabilities and exploring potential mergers and acquisitions to strengthen its market position[30]