FSSS(SH:600399)2019-10-25 16:00Financial Performance - Net profit attributable to shareholders was ¥173,918,367.52, a significant increase of 237.85% from a loss of ¥126,164,506.18 in the same period last year[17]. - Basic earnings per share rose to ¥0.0882, a 190.93% increase from a loss of ¥0.0970 per share in the same period last year[17]. - Net profit increased by 237.85% to ¥173,918,367.52 from a loss of ¥126,164,506.18 in the same period last year[27]. - The company reported a total profit of CNY 48,412,761.13 for Q3 2019, contrasting with a total loss of CNY 56,615,553.91 in Q3 2018[62]. - Net profit for Q3 2019 reached CNY 48,412,761.13, compared to a net loss of CNY 56,623,131.83 in Q3 2018[62]. - The company reported a total profit of CNY 48.73 million for the third quarter, a significant recovery from a loss of CNY 52.99 million in the previous year[74]. Cash Flow - Operating cash flow for the year-to-date reached ¥652,829,647.00, a remarkable increase of 389.61% compared to ¥133,336,555.25 in the previous year[17]. - The net cash flow from operating activities was 652,829,647.00 RMB, a significant increase from 133,336,555.25 RMB in the previous period, reflecting a growth of approximately 388%[81]. - Cash flow from operating activities for the first nine months was CNY 5.14 billion, slightly down from CNY 5.16 billion in the same period last year[79]. - Total cash inflow from investment activities amounted to 1,955,332,056.60 RMB, while cash outflow was 2,784,679,044.95 RMB, resulting in a net cash flow from investment activities of -829,346,988.35 RMB[81]. - Cash flow from financing activities showed a net outflow of 59,808,633.47 RMB, compared to a net inflow of 106,041,676.69 RMB in the previous period, indicating a shift in financing strategy[81]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,453,401,922.63, an increase of 6.48% compared to the previous year[17]. - Total liabilities increased to ¥4,202,046,002.05 from ¥3,861,555,538.92, representing a growth of approximately 8.7% year-over-year[52]. - Total current liabilities totaled ¥1,404,703,224.20, an increase from ¥1,075,922,389.47, reflecting a rise of approximately 30.4% year-over-year[52]. - Total current assets amounted to ¥4,182,429,303.00, an increase from ¥3,618,979,110.12, representing a growth of about 15.6% year-over-year[49]. - Total assets reached ¥8,608,016,493.76, up from ¥8,086,143,168.50, indicating an increase of about 6.4% compared to the previous year[54]. Shareholder Information - The total number of shareholders at the end of the reporting period was 91,769, with the largest shareholder holding 29.2% of the shares[20]. - The total equity attributable to shareholders rose to ¥4,405,970,491.71 from ¥4,224,587,629.58, reflecting an increase of approximately 4.3%[54]. - The company has a total of $1,505,473,713.66 in inventory[96]. - The company reported a negative retained earnings of -$50,376,882.72[91]. Cost Management - Total operating costs for Q3 2019 were CNY 1,257,261,202.98, down 12.96% from CNY 1,444,326,230.15 in Q3 2018[55]. - Total operating costs for the first three quarters of 2019 were CNY 4,219,646,872.42, a decrease of 5.55% compared to CNY 4,467,545,860.47 in the first three quarters of 2018[55]. - The company paid 3,826,428,709.44 RMB for purchasing goods and services, which is a decrease from 4,624,711,171.76 RMB in the previous period, reflecting cost management efforts[84]. Financial Management - Financial expenses decreased by 83.76% to ¥47,086,149.51 from ¥289,908,500.46 year-over-year[27]. - Financial expenses for the third quarter were CNY 14.07 million, a significant decrease from CNY 88.36 million in the previous quarter, indicating improved financial management[71]. - The company has long-term borrowings of $2,409,499,896.69[91]. Risks and Challenges - The company faces risks related to potential administrative penalties and claims from minority shareholders due to information disclosure violations[33].