QCEC(SH:600218)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders rose by 89.07% to CNY 69,412,802.65 for the first nine months of the year[6] - Operating revenue for the first nine months increased by 13.24% to CNY 2,973,464,331.32 compared to the same period last year[6] - Basic earnings per share increased by 90.00% to CNY 0.19[6] - Net profit for the third quarter of 2019 reached CNY 66,617,538.53, representing a 95.14% increase from CNY 34,139,080.80 in the same period last year[16] - The company reported a 329.03% increase in net profit attributable to ordinary shareholders after excluding non-recurring gains and losses, reaching CNY 35,522,934.41[16] - The total profit for Q3 2019 was ¥33.46 million, compared to ¥3.75 million in Q3 2018, showing an increase of 791.5%[34] Assets and Liabilities - Total assets increased by 13.19% to CNY 4,077,560,338.42 compared to the end of the previous year[6] - The company's accounts receivable increased by 152.84% to CNY 1,001,458,896.23 as of September 30, 2019, compared to CNY 396,090,208.72 at the end of 2018[16] - Total liabilities decreased from CNY 1,372,180,943.83 to CNY 1,182,568,104.57 after adjustments, reflecting a significant change in the company's financial position[15] - Total liabilities increased to CNY 2,011,634,804.29 from CNY 1,619,263,821.59, marking an increase of approximately 24.2%[23] - Current liabilities totaled CNY 1,919,492,409.82, up from CNY 1,535,967,120.38, representing a growth of about 24.9%[23] - The company's equity increased to CNY 2,065,925,534.13 from CNY 1,983,060,196.71, showing an increase of approximately 4.2%[23] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 177,947,247.78, worsening by 40.99% compared to the previous year[6] - The company's cash flow from operating activities decreased by 40.99% to -CNY 177,947,247.78, compared to -CNY 126,209,236.96 in the previous year[16] - Cash inflow from operating activities totaled CNY 1,670,616,026.71 for the first nine months of 2019, slightly down from CNY 1,695,422,714.49 in 2018[36] - Cash outflow from operating activities increased to CNY 1,848,563,274.49 in 2019 from CNY 1,821,631,951.45 in 2018[36] - The company reported a net cash increase of CNY -194,027,239.22 in Q3 2019, contrasting with an increase of CNY 42,136,696.73 in Q3 2018[37] Shareholder Information - The company had a total of 59,184 shareholders at the end of the reporting period[9] - The largest shareholder, Anhui Quanchai Group Co., Ltd., held 34.32% of the shares[10] Investment and R&D - The company has increased its construction investment in the National VI series engine smart manufacturing project, leading to a 123.52% rise in construction in progress to CNY 135,267,214.91[16] - Research and development expenses for Q3 2019 were ¥34,374,286.93, slightly up from ¥33,692,277.96 in Q3 2018[30] - Research and development expenses for Q3 2019 amounted to ¥29.06 million, slightly down from ¥31.41 million in Q3 2018, reflecting a decrease of 7.5%[33] Financial Adjustments - The company implemented new financial instrument standards starting January 1, 2019, affecting asset classification and measurement[11] - The company has made adjustments in financial assets, with a decrease of CNY 10,000,000.00 in available-for-sale financial assets[42]