2018-10-29 16:00Financial Performance - Operating revenue for the reporting period was CNY 367,333,747.76, a 44.05% increase year-on-year[7] - Net profit attributable to shareholders increased by 98.27% to CNY 62,388,727.33 compared to the same period last year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 37,365,473.99, a 32.45% increase year-on-year[7] - Basic earnings per share rose by 98.35% to CNY 0.1678[7] - The weighted average return on equity was 7.25%, an increase of 76.04% compared to the same period last year[7] - Total operating revenue for Q3 2018 reached CNY 367.33 million, a 44.1% increase from CNY 255.01 million in the same period last year[33] - Net profit for Q3 2018 was CNY 62.19 million, representing a 98.1% increase compared to CNY 31.38 million in Q3 2017[35] - Basic and diluted earnings per share for Q3 2018 were CNY 0.1678, up from CNY 0.0846 in Q3 2017, indicating a growth of 98.5%[36] - The total profit for the period was ¥133,032,767.21, compared to ¥113,717,059.46 in the previous period, reflecting an increase of about 16.9%[43] Assets and Liabilities - Total assets increased by 24.69% to CNY 1,796,704,780.79 compared to the end of the previous year[7] - Total current assets increased to ¥1,373,056,675.94, up from ¥1,083,336,408.29, reflecting a significant growth in liquidity[26] - Total liabilities increased to ¥724,072,067.01 from ¥624,913,698.24, reflecting a growth of 15.87%[28] - The company's equity attributable to shareholders reached ¥1,076,814,268.11, up from ¥819,038,204.06, indicating a 31.4% increase[28] - Accounts receivable rose to ¥583,920,229.29, compared to ¥467,128,490.90 in the previous period, indicating a 24.93% increase[26] - Inventory increased to ¥433,453,970.27 from ¥354,209,069.17, marking a 22.36% rise[26] - Total liabilities rose to CNY 710.86 million, compared to CNY 606.11 million in the previous year, reflecting an increase of 17.2%[32] Cash Flow - Cash flow from operating activities increased by 321.69% to CNY 63,729,653.42 year-to-date[7] - The net cash flow from operating activities increased by 321.69% to ¥63,729,653.42 compared to the previous period, primarily due to increased cash received from sales[20] - The ending cash and cash equivalents balance reached ¥292,126,937.54, a 132.64% increase from ¥125,572,578.52 in the previous period[20] - The cash flow from financing activities showed a net increase of CNY 93,371,418.53, compared to CNY 60,194,441.39 in the previous year[54] - The company’s cash inflow from operating activities totaled CNY 899,185,309.73, compared to CNY 614,702,445.19 in the previous year, indicating a growth of 46.5%[48] Government Support and Other Income - The company received government subsidies amounting to CNY 39,240,796.61 during the reporting period[8] - The company reported a significant increase in other income, which reached CNY 30.10 million, compared to CNY 3.96 million in the previous year[35] - The company reported a total of ¥39,240,796.61 in other income, an increase from ¥31,955,806.45 in the previous period, representing a growth of approximately 22.7%[42] Costs and Expenses - Operating costs rose by 72.98% to ¥765.20 million, attributed to increased sales and higher raw material prices compared to the same period last year[19] - Research and development expenses for the quarter were CNY 14.63 million, down 30.9% from CNY 21.16 million in the same period last year[33] - Research and development expenses were ¥41,449,624.94, down from ¥51,122,509.93, showing a decrease of about 18.9%[42] Shareholder Information - The total number of shareholders at the end of the reporting period was 78,862[11] - The company's capital reserve increased by 60.55% to ¥382.08 million, mainly due to funds raised from the initial public offering[19] - The company reported a 41.92% increase in undistributed profits, reaching ¥249.43 million, due to profits generated from the beginning of the year to the reporting date[19] Investment Performance - The company's investment income showed a significant decline, with losses of ¥2.06 million, primarily due to losses from the associated company Jiangxi Copper Magnet Materials[19] - Investment income for the period was a loss of ¥2,057,879.00, compared to a loss of ¥889,126.94 in the previous period, indicating a worsening of investment performance[43] Audit and Compliance - The company has no overdue commitments or violations regarding external guarantees during the reporting period[22] - The company did not conduct an audit for the third quarter report[55]