SCMC(SH:600984)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders rose by 227.89% to CNY 381,949,602.63 year-on-year[5] - Operating revenue increased by 47.07% to CNY 2,288,086,106.14 for the period[5] - Basic earnings per share rose by 227.93% to CNY 0.4614[5] - The company reported a net profit of CNY 301.50 million, a significant recovery from a loss of CNY 80.45 million in the previous year[26] - Net profit for Q3 2019 was ¥193.75 million, compared to ¥56.53 million in Q3 2018, representing a 243% increase[31] - Total profit for the first three quarters of 2019 was ¥36,082,892.60, compared to a loss of ¥26,294,291.62 in the same period of 2018[35] Revenue and Costs - The company's operating revenue for Q3 2019 reached RMB 2,288,086,106.14, an increase of 47.07% compared to RMB 1,555,807,161.73 in the previous year[12] - Total operating revenue for Q3 2019 reached ¥889.30 million, a 40% increase from ¥635.05 million in Q3 2018[30] - Total operating costs for Q3 2019 were ¥640.77 million, up from ¥542.27 million in Q3 2018, reflecting an 18% increase[30] - Total operating costs for Q3 2019 were ¥178,292,079.78, an increase of 17.1% from ¥152,243,055.15 in Q3 2018[33] Assets and Liabilities - Total assets increased by 20.01% to CNY 9,516,240,376.47 compared to the end of the previous year[5] - The total liabilities amounted to CNY 5.76 billion, up from CNY 4.55 billion, representing an increase of about 26.4%[26] - The company's equity attributable to shareholders rose to CNY 3.75 billion from CNY 3.37 billion, indicating a growth of approximately 11.3%[26] - The company reported a total liability of ¥1.59 billion as of Q3 2019, significantly higher than ¥922.65 million in the same period last year[30] Cash Flow - Net cash flow from operating activities increased by 64.04% to CNY 695,816,698.10 compared to the same period last year[5] - Operating cash inflow for the first three quarters of 2019 reached CNY 1,008,543,674.54, a significant increase of 63.9% compared to CNY 614,486,257.73 in the same period of 2018[42] - Net cash flow from financing activities was -CNY 598,196,648.20, worsening from -CNY 9,857,379.70 in the previous year[42] - The total cash and cash equivalents at the end of the period stood at CNY 76,456,990.74, down from CNY 223,376,039.38, reflecting a decrease of 65.8%[42] Shareholder Information - The number of shareholders reached 14,677 at the end of the reporting period[9] Research and Development - Research and development expenses rose by 40.08% to RMB 74,864,792.08 from RMB 53,445,348.89[12] - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[27] Borrowings - Long-term borrowings increased due to additional long-term financing undertaken by the company[10] - The company's long-term borrowings increased significantly by 2,000% to RMB 126,000,000.00 from RMB 6,000,000.00[11] - The company's short-term borrowings increased to CNY 1.20 billion from CNY 971.1 million, reflecting a rise of approximately 23.9%[26] Other Income and Expenses - The company reported a significant increase in other income by 302.43% to RMB 11,567,571.75 from RMB 2,874,454.61[12] - The company's tax expenses surged by 224.78% to RMB 56,714,052.40 from RMB 17,462,551.60 due to increased profits[12]