Shede Spirits (SH:600702)2019-10-25 16:00Financial Performance - Net profit attributable to shareholders rose by 10.93% to CNY 302,898,676.25 for the year-to-date period[5] - Operating revenue grew by 16.01% to CNY 1,843,438,172.34 year-to-date[5] - Basic earnings per share increased by 11.68% to CNY 0.9075[5] - The company reported a significant increase in income tax expenses by 93.49% to CNY 124,127,852.96 from CNY 64,151,972.13, due to profit growth and the reversal of deferred tax assets[10] - The total operating revenue for the first three quarters of 2019 reached ¥1,843,438,172.34, an increase of 15.9% compared to ¥1,589,088,694.32 in the same period of 2018[21] - Net profit for the third quarter of 2019 was ¥125,179,309.68, compared to ¥115,791,712.67 in the third quarter of 2018, reflecting a growth of 3.4%[22] - Operating profit for the third quarter of 2019 was ¥191,375,259.35, up from ¥129,258,396.46 in the same quarter of 2018, indicating a significant increase of 48.1%[22] - The total profit for Q3 2019 was ¥83,075,247.68, a 43.5% increase from ¥57,896,651.61 in Q3 2018[25] Assets and Liabilities - Total assets increased by 13.36% to CNY 5,489,057,309.25 compared to the end of the previous year[5] - Non-current assets totaled ¥1,273,077,591.86, compared to ¥1,195,762,100.33, reflecting an increase of about 6.5%[16] - Current liabilities rose to ¥2,420,760,651.22 from ¥2,075,320,256.85, marking an increase of approximately 16.6%[16] - Total liabilities reached ¥2,472,619,328.06, compared to ¥2,127,609,997.55, indicating an increase of about 16.2%[17] - Shareholders' equity rose to ¥3,016,437,981.19 from ¥2,714,748,857.24, reflecting an increase of approximately 11.1%[17] - Total liabilities decreased from ¥1,709,311,090.58 to ¥1,521,585,157.56, a reduction of approximately 11%[19] - Shareholders' equity increased to ¥2,555,543,380.00 from ¥2,440,195,805.27, representing a growth of 4.7%[19] Cash Flow - The net cash flow from operating activities increased by 2.81% to CNY 262,717,713.19 year-to-date[5] - Net cash flow from investing activities improved by 49.10%, reaching CNY -134,673,968.31 compared to CNY -264,603,468.16, due to reduced project investments[10] - Net cash flow from financing activities increased by 132.46% to CNY 167,523,946.02 from CNY -516,053,007.59, driven by increased bank loans and employee stock incentive payments[10] - The company's cash flow from operating activities for the first three quarters of 2019 was ¥2,124,404,744.79, up from ¥2,052,462,731.85 in the same period of 2018[27] - The net cash flow from operating activities for Q3 2019 was CNY 262,717,713.19, an increase from CNY 255,540,315.03 in Q3 2018, reflecting a growth of approximately 0.5%[28] - The net cash flow from financing activities improved to CNY 167,523,946.02, compared to a negative cash flow of CNY -516,053,007.59 in Q3 2018, marking a substantial turnaround[28] Shareholder Information - The total number of shareholders reached 51,213 by the end of the reporting period[7] - The largest shareholder, Sichuan Tuopai Shede Group Co., Ltd., holds 29.85% of the shares[7] Research and Development - R&D expenses increased significantly by 1,748.47% to CNY 16,955,295.21 from CNY 917,260.86, reflecting higher investment in new product development[10] - Research and development expenses increased to ¥1,352,884.75 in Q3 2019, a 69.2% rise from ¥799,989.71 in Q3 2018[24] Future Outlook - Future outlook includes continued focus on market expansion and potential new product development, although specific figures were not disclosed in the provided data[21]