SPM(SH:600459)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 31.77% year-on-year, amounting to CNY 158,288,397.57[12] - Operating revenue rose by 25.43% year-on-year, totaling CNY 16,717,601,851.53[12] - Basic earnings per share rose to CNY 0.39, up from CNY 0.35, reflecting an increase of 11.43%[12] - The company reported a 49.79% increase in income tax expenses, totaling ¥40,637,936.33, attributed to an increase in total profit[29] - The company's total profit for the first nine months of 2019 was ¥216,963,441.22, compared to ¥167,397,091.94 in the same period of 2018, indicating a growth of 29.6%[58] - Net profit attributable to shareholders of the parent company was ¥46,692,809.69, compared to ¥44,605,850.51 in the same period last year, reflecting an increase of approximately 4.67%[61] - Total comprehensive income attributable to shareholders of the parent company was ¥44,467,472.67, up from ¥64,225,297.98 year-over-year, indicating a decrease of about 30.83%[63] Cash Flow - Net cash flow from operating activities showed a net outflow of CNY 552,975,574.01, a decrease of CNY 451,607,415.79 compared to the previous year[12] - The net cash flow from financing activities increased by 30.53% year-on-year, reaching CNY 431,414,263.32[12] - Investment activities generated a net cash inflow of CNY 37,704,312.06, a significant improvement compared to a net outflow of CNY 145,853,093.79 in the previous year[12] - The net cash flow from operating activities for the first three quarters of 2019 was -CNY 552,975,574.01, compared to -CNY 101,367,158.22 in the same period of 2018, indicating a worsening cash flow situation[74] - Total cash inflow from financing activities reached CNY 2,891,029,774.88 in 2019, compared to CNY 2,145,229,986.67 in 2018, marking an increase of approximately 34.7%[77] Assets and Liabilities - Total assets increased by 17.32% year-on-year, reaching CNY 7,040,609,978.42[10] - The net assets attributable to shareholders increased by 51.54% compared to the beginning of the year, primarily due to a successful fundraising of CNY 1 billion[12] - Total current assets increased to ¥5,852,437,672.50 as of September 30, 2019, up from ¥4,786,848,253.24 on December 31, 2018, representing a growth of approximately 22.3%[38] - Total liabilities decreased slightly to ¥3,702,737,154.08 from ¥3,737,390,921.88, a reduction of about 0.9%[44] - The company’s total liabilities saw a significant reduction, with current liabilities decreasing by 64.11% compared to the beginning of the year[26] - The company’s short-term borrowings decreased to ¥1,521,387,474.55 from ¥1,913,521,566.67, a reduction of about 20.5%[44] Research and Development - The company's R&D expenses increased by 51.88% compared to the same period last year, amounting to ¥76,085,015.43, primarily due to higher consumption of raw materials and testing costs[26] - Research and development expenses for Q3 2019 were ¥26,501,644.15, a significant increase of 49.5% compared to ¥17,726,701.03 in Q3 2018[54] - Research and development expenses for Q3 2019 were ¥8,035,707.46, up from ¥3,780,490.97 in Q3 2018, reflecting an increase of approximately 112.00%[67] Investment Income - Investment income rose by 90.48% year-on-year to ¥21,448,953.05, mainly due to increased gains from hedging business settlements[26] - The company experienced a significant increase in investment income, reporting ¥34,733,265.35 for the first three quarters of 2019, compared to ¥20,799,134.48 in the same period last year, representing an increase of about 67.00%[67] Other Financial Metrics - The weighted average return on net assets decreased by 0.69 percentage points to 5.30%[12] - Other income decreased by 30.72% year-on-year to ¥11,954,658.98, mainly due to a reduction in government subsidies related to daily operations[26] - The company reported a total operating cost of ¥6,206,391,249.23 in Q3 2019, compared to ¥4,586,465,348.04 in Q3 2018, which is an increase of 35.3%[54]