FANGDA S.Steel(SH:600507)2018-10-24 16:00Financial Performance - Operating income for the first nine months reached CNY 12.78 billion, a growth of 26.22% year-on-year[7]. - Net profit attributable to shareholders was CNY 2.31 billion, reflecting a 50.35% increase compared to the same period last year[7]. - Net profit for the third quarter increased by 49.61% year-on-year, reaching RMB 2,320,753,188.44, driven by enhanced market awareness and operational efficiency[14]. - Year-to-date net profit for 2018 was ¥2,320,753,188.44, up 49.5% from ¥1,551,228,965.72 in the same period last year[31]. - Net profit for Q3 2018 was ¥1,008,055,749.39, representing a 19.9% increase from ¥840,559,251.67 in Q3 2017[31]. - Basic earnings per share rose by 42.98% to CNY 1.66[8]. - Basic earnings per share for Q3 2018 were ¥0.70, compared to ¥0.63 in Q3 2017, reflecting an increase of 11.1%[32]. Cash Flow - The net cash flow from operating activities surged by 84.37% to CNY 2.90 billion year-to-date[7]. - Operating cash flow for the period rose by 84.37% year-on-year, totaling RMB 2,902,021,687.62, attributed to increased operating profits[15]. - The net cash flow from operating activities for the first nine months of 2018 was CNY 2,902,021,687.62, up from CNY 1,574,044,420.10 in the same period last year, reflecting an increase of approximately 84.2%[38]. - Net cash flow from financing activities decreased by 115.54% year-on-year, resulting in a net outflow of RMB 752,027,650.71, mainly due to increased dividends[16]. - The company’s financing activities resulted in a net cash outflow of CNY 752,027,650.71 for the first nine months of 2018, compared to a net outflow of CNY 348,899,179.51 in the previous year[39]. - Total cash and cash equivalents at the end of the period reached CNY 3.29 billion, an increase from CNY 1.60 billion year-on-year[41]. Assets and Liabilities - Total assets increased by 33.32% to CNY 11.49 billion compared to the end of the previous year[7]. - Total current assets as of September 30, 2018, were RMB 7,147,216,661.43, up from RMB 4,542,466,947.55 at the beginning of the year[23]. - The company’s total liabilities increased to CNY 4,047,783,795.09 in Q3 2018 from CNY 2,305,798,985.61 in the same period last year, indicating a rise of approximately 75.5%[39]. - Current liabilities rose to ¥5,799,882,613.27, compared to ¥3,372,472,403.78, reflecting an increase of about 71.9%[24]. - Total liabilities reached ¥5,868,466,011.92, up from ¥3,445,548,560.77, indicating an increase of around 70.5%[25]. Shareholder Information - The total number of shareholders reached 70,266 by the end of the reporting period[11]. - The largest shareholder, Jiangxi Fangda Steel Group, holds 36.24% of the shares, with 94 million shares pledged[11]. Government Support - The company received government subsidies closely related to its operations amounting to CNY 61.38 million year-to-date[9]. - Non-operating income for the period totaled CNY 3.34 million, with a significant portion attributed to government grants[10]. Operational Efficiency - The weighted average return on net assets increased by 2.15 percentage points to 48.68%[7]. - Management expenses increased by 38.40% year-on-year, amounting to RMB 973,860,199.24, primarily due to higher employee compensation[14]. - Research and development expenses for Q3 2018 were ¥9,443,426.44, slightly down from ¥10,436,119.62 in Q3 2017[30]. - The company reported a financial expense of -¥25,188,869.61 in Q3 2018, a significant improvement compared to ¥1,466,620.15 in Q3 2017[30]. Investment Activities - The investment activities generated a net cash flow of CNY 428,395,670.38 for the first nine months of 2018, compared to a negative cash flow of CNY 755,271,629.09 in the same period last year[38]. - Cash inflow from investment activities totaled CNY 937.24 million, significantly higher than CNY 37.08 million in the previous year[40]. - Cash outflow for investment activities was CNY 491.41 million, down from CNY 755.89 million year-on-year[40].