FJDB(SH:600693)2019-10-28 16:00Financial Performance - Operating income rose by 49.45% to CNY 2,753,259,530.98 for the period from January to September[7] - Net profit attributable to shareholders increased by 504.14% to CNY 240,749,546.11 for the same period[7] - Basic earnings per share increased by 511.94% to CNY 0.2717[8] - The company reported a significant increase in net profit excluding non-recurring gains and losses, which rose by 671.27% to CNY 248,294,415.34[7] - Total operating revenue for Q3 2019 reached ¥889,462,448.04, a significant increase from ¥556,538,986.56 in Q3 2018, representing a growth of approximately 59.8%[33] - Net profit for Q3 2019 was ¥201,276,469.47, up from ¥6,017,792.96 in Q3 2018, reflecting a substantial increase of approximately 3,239.5%[34] - The total operating profit for the first three quarters of 2019 was ¥51,221,896.16, compared to ¥27,004,900.04 in the same period of 2018, showing an increase of approximately 89.9%[38] Assets and Liabilities - Total assets increased by 4.49% to CNY 8,793,302,304.00 compared to the end of the previous year[7] - The company’s long-term equity investments increased by 126.74% to RMB 16,113.22 million, reflecting a shift to equity method accounting for a subsidiary[16] - Total liabilities were RMB 6.07 billion, compared to RMB 5.76 billion at the end of 2018, reflecting an increase of about 5.4%[26] - The company's long-term borrowings rose significantly to RMB 3.39 billion from RMB 2.19 billion, indicating an increase of approximately 55%[26] - Total current liabilities stood at CNY 3,462,278,825.36, with no adjustments noted[49] - Total non-current liabilities were CNY 2,301,513,922.58, remaining unchanged[50] Cash Flow - Cash flow from operating activities improved significantly, reaching CNY 10,539,916.02 compared to a negative CNY 141,115,551.59 in the previous year[7] - The company reported a net cash inflow from operating activities of RMB 1,053.99 million, a turnaround from a cash outflow of RMB 14,111.56 million in the same period last year[19] - Total cash inflow from operating activities increased to CNY 3,154,383,878.97, up from CNY 2,381,592,104.09 in the previous year, representing a growth of approximately 32.4%[41] - The net cash flow from investment activities was CNY 107,475,624.95, recovering from a negative cash flow of CNY -613,744,214.80 in the same period last year[43] - Cash inflow from financing activities totaled CNY 2,406,399,118.19, compared to CNY 2,058,228,799.77 in 2018, marking an increase of about 16.9%[43] Shareholder Information - The number of shareholders reached 15,919 by the end of the reporting period[10] - The largest shareholder, Fujian Fengqi Investment Co., Ltd., holds 45.62% of the shares, with 409,746,718 shares pledged[10] - The company plans to repurchase shares using RMB 75 million to 150 million, completing the buyback of 28,382,902 shares, which is 3.16% of the total share capital[20] Operational Efficiency - The gross profit margin decreased due to a higher proportion of lower-margin product sales, with operating costs rising by 56.50% to RMB 220,743.59 million[17] - The company’s financial expenses doubled to RMB 8,894.18 million due to increased loan scales and corresponding interest payments[17] - The company’s cash flow from operating activities showed a positive trend, indicating improved operational efficiency and financial health[41] Investment Activities - Investment income surged to RMB 26,913.98 million, a significant increase from a loss of RMB 15.74 million in the previous year, attributed to the transfer of equity in a subsidiary[17] - The company transferred 80% equity of Tianjin Xingjian Supply Chain Management Co., Ltd. for no less than RMB 34.8 million, receiving 90% of the payment amounting to approximately RMB 32.31 million[21] Financial Reporting Changes - The company has implemented new financial instrument standards effective January 1, 2019, impacting various financial statement items[51] - The company adopted new financial instrument standards effective January 1, 2019, impacting the financial reporting[56]