AVICOPTER(SH:600038)2019-10-24 16:00Financial Performance - Net profit attributable to shareholders rose by 32.12% to CNY 404.67 million year-on-year[4] - Operating revenue for the first nine months reached CNY 10.53 billion, a 28.63% increase from the same period last year[4] - Basic earnings per share rose by 32.12% to CNY 0.6865[5] - The company's net profit attributable to shareholders increased to ¥2,528,373,482.03 from ¥2,276,969,001.65, showing a growth of approximately 11.03%[16] - Net profit for Q3 2019 was ¥163,628,589.41, up 30.2% from ¥125,649,756.73 in Q3 2018[22] - Total profit for Q3 2019 was ¥181,372,958.03, up from ¥147,357,755.04 in Q3 2018, marking a growth of 23.1%[22] - The total comprehensive income for Q3 2019 was ¥163,628,589.41, up from ¥125,649,756.73 in Q3 2018, reflecting a growth of 30.2%[23] Assets and Liabilities - Total assets increased by 1.68% to CNY 24.44 billion compared to the end of the previous year[4] - The company's current assets totaled ¥21,239,777,631.82, up from ¥20,736,786,998.42, indicating an increase of about 2.42% year-over-year[14] - The total liabilities as of September 30, 2019, were ¥16,152,225,225.25, compared to ¥16,017,346,092.15 at the end of 2018, marking a slight increase of about 0.84%[16] - The total equity attributable to shareholders reached ¥7,991,929,320.77, up from ¥7,717,758,780.35, which is an increase of about 3.54%[16] - The inventory level rose significantly to ¥15,673,842,968.44 from ¥13,362,326,230.56, reflecting an increase of approximately 17.25%[14] Cash Flow - The net cash flow from operating activities improved by 12.19%, amounting to CNY -156.40 million[4] - The net cash flow from operating activities for the first three quarters of 2019 was -156,403,343.66 RMB, an improvement from -178,112,404.30 RMB in the same period of 2018[26] - Total cash inflow from operating activities increased to 10,298,621,367.15 RMB in 2019, compared to 8,548,730,594.54 RMB in 2018, representing a growth of approximately 20.5%[26] - The ending balance of cash and cash equivalents was 2,599,887,093.54 RMB, an increase from 1,835,033,441.09 RMB in 2018[28] - The company’s cash and cash equivalents decreased by 321,914,247.66 RMB in the first three quarters of 2019, compared to a decrease of 378,535,665.65 RMB in the same period of 2018[28] Borrowings and Investments - Long-term borrowings decreased as a result of loan repayments made during the period[11] - The short-term borrowings increased to ¥411,251,594.00 from ¥360,000,000.00, reflecting a rise of approximately 14.24%[16] - The company reported a total cash inflow from investment activities of 162,462,482.30 RMB, up from 145,707,457.04 RMB in the previous year, reflecting a growth of approximately 11.9%[30] - The cash outflow for purchasing fixed assets and other long-term assets was 50,501,500.97 RMB, down from 85,009,582.70 RMB in 2018, indicating a decrease of about 40.6%[27] Government Support and Future Plans - The company received government subsidies totaling CNY 23.85 million during the first nine months[5] - The company plans to continue expanding its market presence and investing in new technologies[10] Operational Efficiency - The weighted average return on equity increased by 0.97 percentage points to 5.14%[4] - The company reported a significant increase in accounts receivable due to higher cash collections during the period[10] - The company reported a decrease in accounts receivable from ¥2,019,642,440.55 to ¥1,059,172,349.64, a decline of approximately 47.5%[14] - Research and development expenses in Q3 2019 were ¥31,902,595.64, down 31.6% from ¥46,593,150.36 in Q3 2018[21] - Total operating costs for Q3 2019 were ¥3,461,697,025.50, an increase of 27.7% from ¥2,709,926,250.26 in Q3 2018[21] - Other income for Q3 2019 was ¥3,117,765.82, compared to ¥2,389,907.09 in Q3 2018, indicating an increase of 30.5%[22]