2019-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 5,124,458,627.07, an increase of 6.02% year-on-year[25]. - Net profit attributable to shareholders was CNY 70,176,827.65, a significant recovery from a loss of CNY 396,965,372.67 in the same period last year[25]. - The net profit for the first three quarters of 2019 was RMB 881,875,805.51, compared to RMB 830,125,343.43 in the same period of 2018, indicating a growth of about 6%[66]. - The net profit for Q3 2019 was approximately ¥65.08 million, compared to a net loss of ¥261.44 million in Q3 2018, indicating a significant turnaround[70]. - The total profit for Q3 2019 reached approximately ¥71.46 million, contrasting with a total loss of ¥251.05 million in the same period last year[70]. - The company reported a total profit of 340,185.53 RMB, compared to a total loss of 87,084,755.42 RMB in the same period last year[79]. Cash Flow - The net cash flow from operating activities for the first nine months was CNY 122,116,209.43, a turnaround from a negative cash flow of CNY 388,513,300.13 in the previous year[25]. - The net cash flow from operating activities for the first three quarters of 2019 was ¥283,823,531.01, an increase of 94.5% compared to ¥145,909,838.15 in the same period of 2018[87]. - Cash inflow from investment activities is 1,079,733,391.96 RMB, compared to 807,558,857.89 RMB in the previous year, indicating an increase of approximately 33.5%[85]. - The cash flow from financing activities shows a net outflow of 1,738,823,466.93 RMB, compared to a net outflow of 503,807,285.06 RMB in the same period last year[85]. - The ending balance of cash and cash equivalents was ¥1,083,823,676.97, down from ¥1,372,552,253.19 in the previous year[90]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 11,787,174,397.83, a decrease of 10.30% compared to the end of the previous year[25]. - The company's cash and cash equivalents decreased by 39.58% to CNY 936,365,762.90 from CNY 1,549,845,341.18 due to a reduction in financing scale during the reporting period[37]. - Accounts receivable increased by 156.80% to CNY 1,042,021,353.12 from CNY 405,771,306.07, attributed to an increase in credit sales[37]. - The company’s total liabilities saw a significant change, with current liabilities increasing by 675.71% to CNY 606,129,481.76 from CNY 78,139,035.95 due to an increase in long-term borrowings due within one year[39]. - Total liabilities decreased to CNY 7,055,063,394.12 from CNY 8,484,665,985.63, a reduction of approximately 16.8%[58]. - The total liabilities as of September 30, 2019, were RMB 6,010,813,253.81, down from RMB 6,485,311,924.11 at the end of 2018[64]. Shareholder Information - The total number of shareholders at the end of the reporting period was 38,635, with the largest shareholder, China Yituo Group Co., Ltd., holding 41.66% of the shares[30]. - The company's equity attributable to shareholders increased to CNY 4,077,587,444.47 from CNY 4,007,081,663.62, showing a growth of about 1.7%[58]. - The total equity attributable to shareholders increased to RMB 4,240,126,739.79 from RMB 4,188,376,277.71 in the previous year[66]. Strategic Moves - The company plans to transfer 100% equity of its Xinjiang subsidiary to China Yituo, indicating a strategic move to streamline operations[43]. - The company is participating in a joint bid for a financing leasing procurement project for new energy municipal sanitation vehicles, indicating a focus on expanding into new markets[44]. - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[89]. Research and Development - Research and development expenses for Q3 2019 were RMB 86,408,629.64, slightly down from RMB 88,766,351.43 in Q3 2018[67]. - The company's R&D expenses in Q3 2019 were approximately ¥69.92 million, slightly down from ¥72.99 million in Q3 2018[76].