FIRMACO(SH:600967)2019-10-30 16:00Financial Performance - Net profit attributable to shareholders was ¥421,013,722.34, representing a year-on-year increase of 20.53%[17] - Operating revenue for the period was ¥7,536,244,937.55, up 5.24% from the same period last year[17] - Basic earnings per share increased to ¥0.249, reflecting a growth of 20.29% year-on-year[17] - The weighted average return on net assets rose to 4.87%, an increase of 0.49 percentage points from the previous year[17] - The company reported a 54.44% increase in investment income, reaching CNY 27,970,661.94, up from CNY 18,111,449.97 year-over-year[35] - Net profit for Q3 2019 was ¥88,200,919.37, up 44.1% from ¥61,196,131.41 in Q3 2018[64] - Total operating profit for the first three quarters of 2019 was ¥434,281,880.46, compared to ¥384,200,408.90 in the same period of 2018, reflecting a growth of 13.1%[75] Assets and Liabilities - Total assets at the end of the reporting period reached ¥21,152,430,953.27, an increase of 4.05% compared to the previous year[17] - The total number of shareholders at the end of the reporting period was 55,227[26] - Total assets increased to approximately $21.15 billion, up from $20.33 billion year-over-year, representing a growth of about 4.02%[46] - Current liabilities totaled approximately $11.65 billion, compared to $11.31 billion in the previous year, reflecting an increase of about 2.94%[47] - Non-current liabilities rose to approximately $606 million, up from $501 million, indicating a growth of about 20.93%[47] - The company's total liabilities decreased by 64.57% in accounts payable, amounting to CNY 3,682,687,570.32 compared to CNY 1,594,916,492.61 in the previous year[33] Cash Flow - Net cash flow from operating activities decreased significantly to ¥414,830,345.64, down 74.55% compared to the previous year[17] - Cash flow from operating activities for the first three quarters of 2019 was ¥414,830,345.64, a decrease of 74.6% from ¥1,630,278,150.51 in the same period of 2018[84] - The company reported a significant decrease in cash received from sales, totaling 5,274,350,658.66 compared to 7,343,250,168.86 in the previous year[89] - Cash inflow from operating activities decreased by 24.1% year-over-year, indicating a potential decline in sales or service revenue[89] - Cash flow from financing activities resulted in a net outflow of -11,405,374.86, contrasting with a net inflow of 240,408,373.19 in the same period last year[92] Investments and Expenses - Research and development expenses increased to ¥66,823,933.01 in Q3 2019, a rise of 46.7% from ¥45,560,954.37 in Q3 2018[60] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[46] - The company is focusing on enhancing its product offerings and exploring potential mergers and acquisitions to strengthen its competitive position[46] - Total investment income for the first three quarters of 2019 was ¥27,970,661.94, compared to ¥18,111,449.97 in the same period of 2018, indicating a growth of 54.5%[72] Inventory and Receivables - As of September 30, 2019, accounts receivable increased by 246.78% to CNY 2,844,693,522.71 compared to CNY 820,317,764.29 at the end of 2018[33] - Inventory rose by 75.05% to CNY 3,653,444,878.64 from CNY 2,087,050,860.72 year-over-year[33] - Accounts receivable increased significantly to approximately $2.43 billion, compared to $678 million, marking a growth of about 258.73%[52] - Inventory surged to approximately $3.44 billion, up from $1.89 billion, representing an increase of about 82.25%[52]