HAC(SH:600202)2019-10-21 16:00Financial Performance - Operating revenue for the first nine months reached CNY 705,958,259.42, an increase of 81.29% year-on-year[6] - Net profit attributable to shareholders surged by 274.54% to CNY 40,431,513.65 compared to the same period last year[6] - Basic earnings per share increased by 274.11% to CNY 0.1055[8] - The company reported a significant increase in net profit excluding non-recurring gains and losses, reaching CNY 33,342,767.58[8] - The company reported a net profit of ¥40,433,414.60 for the year-to-date, with expectations of profitability for the next reporting period[23] - Net profit for the first three quarters of 2019 reached CNY 9,526,349.03, a significant increase compared to CNY 5,316,737.07 in the same period of 2018, representing an increase of approximately 79.5%[49] - Total comprehensive income for the first three quarters of 2019 was CNY 9,537,633.67, up from CNY 5,318,120.76 in 2018, indicating a growth of about 79.5%[51] Assets and Liabilities - Total assets increased by 18.02% to CNY 1,979,123,803.89 compared to the end of the previous year[6] - Current assets totaled CNY 1,397,952,684.83, up from CNY 1,083,431,914.13 in 2018, indicating a growth of about 29.1%[27] - Total liabilities reached CNY 1,322,323,197.42, compared to CNY 1,060,477,067.03 in 2018, showing an increase of about 24.7%[31] - The company's equity attributable to shareholders rose to CNY 656,798,705.52 from CNY 616,504,522.53, reflecting an increase of approximately 6.5%[31] - The total assets increased to ¥1,993,717,766.01 from ¥1,694,249,930.66, marking a growth of 17.7% year-over-year[38] - Total liabilities rose to ¥1,336,271,859.29, compared to ¥1,077,124,972.00 in the previous year, reflecting an increase of 24.0%[38] Cash Flow - The net cash flow from operating activities was negative at CNY -22,184,640.90, a decline of 713.53% compared to the previous year[6] - Cash flow from financing activities improved significantly, with a net inflow of ¥90,771,066.94, compared to a net outflow of -¥184,483,734.74 in the previous period, due to reduced bank loan repayments[19] - Cash inflow from financing activities in 2019 amounted to CNY 844,285,316.80, compared to CNY 280,000,000.00 in 2018, marking a substantial increase of approximately 201.5%[53] - The company reported a net cash flow from operating activities of CNY 9,530,465.56 for the first three quarters of 2019, compared to CNY 12,021,626.50 in the same period of 2018, showing a decrease of approximately 20.7%[47] Expenses - Operating costs rose to ¥542,899,272.74, reflecting a 70.39% increase from ¥318,618,272.39, primarily due to the growth in revenue[19] - Research and development expenses surged by 136.93% to ¥22,509,988.49 from ¥9,500,822.83, indicating a significant increase in R&D investment[19] - The company reported a significant increase in sales expenses, which reached ¥21,931,305.28 in Q3 2019, compared to ¥6,882,425.37 in Q3 2018[41] - The financial expenses for Q3 2019 were CNY 7,610,760.50, compared to CNY 5,862,858.20 in Q3 2018, indicating an increase of about 29.7%[47] Shareholder Information - The total number of shareholders reached 30,558 by the end of the reporting period[12] - The largest shareholder, Harbin Industrial Investment Group Co., Ltd., holds 34.03% of the shares[12] Future Outlook - The company plans to continue expanding its market presence and investing in new product development to drive future growth[48]