CDXG(SH:600353)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 12.87% to CNY 60,139,623.39 year-to-date[18] - Operating revenue rose by 16.49% to CNY 877,647,623.72 year-to-date[18] - Operating profit increased by 34.18% year-on-year, mainly due to increased sales revenue from the expansion of optoelectronic device production scale and market share[27] - Total profit increased by 31.96% year-on-year, driven by higher sales revenue from optoelectronic devices[27] - Income tax expenses rose by 47.08% year-on-year, attributed to increased sales revenue from the growth in optoelectronic device production scale and market share[27] - Net profit for the first three quarters of 2019 was ¥349,693,731.05, compared to ¥331,690,971.28 in the same period of 2018, reflecting a growth of about 5.4%[46] - The net profit attributable to shareholders for Q3 2019 was ¥24.23 million, up from ¥22.17 million in Q3 2018, representing an increase of 9.27%[58] - The total profit for Q3 2019 reached ¥32.82 million, compared to ¥26.63 million in Q3 2018, marking a growth of 23.83%[59] - The net profit for the first nine months of 2019 was ¥72.37 million, compared to ¥55.98 million in the same period of 2018, indicating a growth of 29.36%[58] Assets and Liabilities - Total assets increased by 6.21% to CNY 1,798,483,165.17 compared to the end of the previous year[18] - Total current assets increased to ¥968,740,818.29, up from ¥905,432,287.67, representing a growth of approximately 6.5%[43] - Total non-current assets reached ¥313,634,739.77, up from ¥307,837,951.19, indicating a growth of about 1.3%[43] - Total liabilities decreased slightly to ¥236,209,237.78 from ¥241,305,108.03, a reduction of approximately 2.3%[46] - Total equity increased to ¥1,046,166,320.28 from ¥971,965,130.83, representing a growth of about 7.6%[48] - The total assets amounted to $1.69 billion, with total liabilities at $507.66 million[79] - The total current liabilities were $492.17 million, with accounts payable at $323.10 million[77] Cash Flow - Cash flow from operating activities decreased significantly by 83.21% to CNY 15,764,201.76 year-to-date[18] - Net cash flow from operating activities decreased by 83.21% year-on-year, primarily due to reduced cash received from optoelectronic device sales and increased payments to suppliers[27] - Cash inflow from operating activities for the third quarter of 2019 was CNY 563,732,990.92, a decrease of 13.76% from CNY 653,876,520.85 in the same quarter of 2018[67] - Net cash flow from operating activities for the third quarter of 2019 was CNY 15,764,201.76, down 83.16% from CNY 93,913,568.35 in the same quarter of 2018[67] - Cash inflow from sales of goods and services for the first three quarters of 2019 was CNY 545,194,675.70, a decrease of 15.32% from CNY 643,637,894.47 in the same period of 2018[67] - The ending balance of cash and cash equivalents as of the end of the third quarter of 2019 was CNY 336,893,816.07, down from CNY 412,409,910.27 at the end of the same quarter in 2018[69] Shareholder Information - The company has a total of 50,188 shareholders as of the report date[21] - The first major shareholder holds 27.91% of the shares, amounting to 151,771,568 shares[21] Research and Development - Development expenses increased by 163.27% compared to the beginning of the year due to increased investment in new product R&D[24] - R&D expenses surged to ¥13,378,470.92 in Q3 2019 from ¥4,385,544.80 in Q3 2018, indicating a significant increase of approximately 205.5%[49] - The company's R&D expenses for Q3 2019 were ¥7.40 million, reflecting ongoing investment in innovation[59] Financial Standards and Regulations - The company has implemented new financial instrument standards and revenue recognition standards starting January 1, 2019[79] - The company executed a new financial instrument standard starting January 1, 2019, without retrospective adjustments to prior period comparative data[87]