XSS(SH:600117)2019-10-28 16:00Financial Performance - Net profit attributable to shareholders increased by 115.03% to CNY 86,599,099.74 from a loss of CNY 576,104,342.79 in the same period last year[11] - Operating revenue rose by 29.71% to CNY 6,585,254,360.39 compared to CNY 5,076,989,263.20 in the previous year[11] - Operating profit reached 65,238,936.71 RMB, a substantial increase of 111.15% compared to the previous period[25] - Total profit amounted to 63,409,968.34 RMB, reflecting a 110.84% increase from the prior year[25] - The company reported a significant increase in net assets attributable to shareholders, rising by 9.47% to CNY 1,191,691,158.81 compared to CNY 1,088,573,893.73 at the end of the previous year[11] - The company reported a total comprehensive income of ¥106.49 million for Q3 2019, compared to a loss of ¥579.90 million in Q3 2018[65] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 387,203,425.68, compared to a negative cash flow of CNY -338,756,674.35 in the same period last year, marking a 214.30% increase[11] - The net cash flow from operating activities was ¥387,203,425.68, reflecting a 214.30% increase year-over-year due to higher profits and increased cash collection[28] - Cash inflow from operating activities totaled ¥1,961,704,165.06, while cash outflow was ¥1,583,246,801.02, resulting in a net cash flow of ¥378,457,364.04[75] - The net cash flow from investing activities was ¥55,306,514.80, an increase from ¥26,945,673.56 in the previous year[75] Assets and Liabilities - Total assets decreased by 10.70% to CNY 21,002,788,544.00 compared to the end of the previous year[11] - Total liabilities decreased from 21.86 billion to 17.57 billion, a reduction of approximately 19.5%[42] - Current liabilities decreased from 16.18 billion to 11.54 billion, a decrease of about 28.8%[42] - Total equity increased from 1.66 billion to 3.43 billion, a growth of about 106.5%[42] - The total number of shareholders at the end of the reporting period is 62,675[20] Shareholder Information - The largest shareholder, Xining Special Steel Group, holds 369,669,184 shares, accounting for 35.37% of total shares[20] Revenue and Costs - Total operating revenue for Q3 2019 reached ¥2,197,682,555.07, a 30% increase from ¥1,691,527,301.45 in Q3 2018[54] - Total operating costs for Q3 2019 were ¥2,186,774,388.64, a decrease of 4.5% compared to ¥2,289,616,906.06 in Q3 2018[54] - The company experienced a significant reduction in financial expenses, which were ¥89,603,766.43 in Q3 2019, down from ¥329,565,706.39 in Q3 2018[54] Investments and R&D - Research and development expenses decreased by 67.61% to 7,090,173.06 RMB, as ongoing projects had not yet completed final accounting[25] - Research and development expenses for Q3 2019 amounted to ¥6,387,832.79, up from ¥3,682,161.10 in Q3 2018, indicating a focus on innovation[54] Future Outlook - The company expects substantial growth in revenue and net profit compared to the same period last year, driven by improved production capacity and cost control measures[31] - The company plans to continue optimizing its product and user structure to enhance efficiency and reduce costs[31] - The company aims to enhance its market position through strategic investments and potential acquisitions in the upcoming quarters[56] - The company plans to continue focusing on market expansion and new product development to sustain growth in the upcoming quarters[63]