AVIC SAC(SH:600760)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 98.37% to CNY 620.29 million year-on-year[7]. - Operating revenue for the first nine months rose by 37.07% to CNY 15.89 billion compared to the same period last year[6]. - Basic earnings per share doubled to CNY 0.44, reflecting a 100% increase year-on-year[7]. - The weighted average return on net assets increased by 3.3 percentage points to 7.59%[7]. - The company reported a net profit of ¥1,001,025,541.22, compared to ¥380,730,707.40, indicating a substantial increase of about 162.66% in retained earnings[20]. - The company reported a total comprehensive income of ¥189,649,777.76 for Q3 2019, compared to ¥213,066,895.36 in Q3 2018[26]. - The net profit for the third quarter of 2019 was CNY 8,446,187.32, compared to a net loss of CNY 488,274.42 in the third quarter of 2018, indicating a turnaround in profitability[29]. Cash Flow - Cash flow from operating activities turned positive with a net amount of CNY 55.94 million, a significant improvement from a negative cash flow of CNY 1.16 billion in the previous year[6]. - Cash flow from operating activities turned positive at CNY 55,938,718.50, a significant recovery from a negative CNY 1,156,639,013.72 in the previous year[15]. - The cash inflow from operating activities in the third quarter of 2019 totaled CNY 14,191,145,755.43, compared to CNY 7,122,090,100.96 in the same quarter of 2018, indicating strong operational cash generation[32]. - The net cash flow from operating activities for the third quarter of 2019 was 7,214,518.25 RMB, a significant improvement compared to -4,407,291.40 RMB in the same period of 2018[34]. - The company reported a total cash outflow from operating activities of 1,002,563.13 RMB, significantly lower than 9,453,759.71 RMB in the previous year[34]. Assets and Liabilities - Total assets increased by 4.67% to CNY 29.77 billion compared to the end of the previous year[6]. - Total current assets reached CNY 23,436,315,619.80, up from CNY 21,980,846,839.02 year-over-year[18]. - Total liabilities decreased significantly, with accounts payable dropping by 36.68% to CNY 11,254,920,075.63 from CNY 8,234,414,947.55[14]. - Current liabilities totaled ¥19,926,013,099.46, an increase from ¥19,284,475,807.04, reflecting a rise of about 3.34%[20]. - Non-current liabilities amounted to ¥987,440,031.60, compared to ¥951,067,068.16, indicating an increase of approximately 3.83%[20]. Shareholder Information - The total number of shareholders reached 52,892 by the end of the reporting period[10]. - The largest shareholder, China Aviation Industry Group, holds 70.04% of the shares[10]. Research and Development - Research and development expenses surged by 88.77% to CNY 147,163,607.47 from CNY 77,959,213.25, reflecting increased investment in R&D[14]. - R&D expenses for Q3 2019 increased to ¥71,332,623.12, up 168.8% from ¥26,531,276.64 in Q3 2018[24]. - The research and development expenses for the first three quarters of 2019 were CNY 378,163.73, down from CNY 493,712.94 in the same period of 2018, indicating a reduction in R&D spending[28]. Government Subsidies and Other Income - The company received government subsidies amounting to CNY 38.72 million during the reporting period[8]. - Other income increased by 131.56% to CNY 34,403,200.14 from CNY 14,857,357.04, primarily due to increased government subsidies[15]. - The company reported a significant increase in other income, contributing positively to the overall financial results, although specific figures were not detailed in the provided data[28]. Investment Activities - The company reported a net loss from trading financial assets of CNY 5.59 million during the quarter[9]. - Investment income reported a loss of CNY 37,814,113.15, compared to a loss of CNY 28,206,355.56 in the previous year[15]. - The company reported a net cash flow from investing activities of -298,760,250.00 RMB, compared to -1,645,561,116.47 RMB in the previous year, indicating a reduction in cash outflow[35]. Financial Standards and Changes - The company did not apply new financial instrument standards or new revenue standards for the current reporting period[36].