TRIANGLE TYRE(SH:601163)2019-10-24 16:00Financial Performance - Net profit attributable to shareholders was ¥617,842,606.76, representing an increase of 87.36% year-on-year[19]. - Operating revenue for the first nine months was ¥5,902,426,753.67, up 6.61% from the same period last year[19]. - Basic earnings per share increased to ¥0.77, up 87.80% compared to the previous year[19]. - Total profit increased by 84.81% to ¥728,467,817.42, driven by sales revenue growth and reductions in advertising and financial expenses[33]. - Net profit for Q3 2019 was ¥241,519,519.60, representing a significant increase of 87.5% from ¥128,785,454.18 in Q3 2018[62]. - Total comprehensive income for Q3 2019 was ¥238,657,188.95, compared to ¥126,012,761.09 in Q3 2018, reflecting an increase of 89.3%[68]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥15,176,948,197.74, an increase of 4.48% compared to the end of the previous year[19]. - The company's total assets and liabilities underwent significant reclassifications due to the implementation of new accounting standards, impacting various financial metrics[28]. - Total liabilities increased to ¥5,113,701,651.78 from ¥4,868,497,980.95, representing a growth of approximately 5.03%[54]. - Current liabilities totaled ¥4,442,880,486.49, while non-current liabilities were ¥710,684,540.36, leading to total liabilities of ¥5,153,565,026.85[89]. - The company's equity attributable to shareholders reached ¥9,372,018,216.30, with total equity at ¥9,372,394,476.19[93]. Cash Flow - Net cash flow from operating activities for the first nine months was ¥886,004,059.09, a significant increase of 207.76% year-on-year[19]. - Cash flow from operating activities for the first three quarters of 2019 was ¥4,248,697,735.30, slightly up from ¥4,185,197,344.69 in the same period of 2018[76]. - Cash outflow for purchasing goods and services was ¥2,754,683,324.12, down from ¥2,947,821,904.94, indicating a decrease of about 7%[77]. - Cash and cash equivalents at the end of the period were ¥1,510,562,710.44, up from ¥1,390,032,648.45, marking an increase of about 9%[81]. Shareholder Information - The total number of shareholders reached 59,768 at the end of the reporting period[22]. - The largest shareholder, Triangle Group Co., Ltd., holds 454,739,750 shares, accounting for 56.84% of the total shares[22]. Government and Other Income - Government subsidies recognized in the current period amounted to ¥23,273,980.08, contributing to the overall financial performance[21]. - Non-recurring gains and losses totaled ¥27,514,138.74 for the current period[21]. - Investment income decreased by 63.89% to ¥30,499,866.14, primarily due to changes in the accounting treatment of structured deposits and wealth management products[33]. Inventory and Receivables - Inventory decreased to ¥1,147,686,770.44 from ¥1,343,590,796.60, indicating improved inventory management[43]. - The company's other receivables increased by 67.63% to CNY 26,317,975.39, primarily due to an increase in export tax refunds[28]. Financial Adjustments - The company's financial expenses decreased by 62.46% to CNY 6,502,232.19, mainly due to government interest subsidies[32]. - The deferred income tax liabilities increased by 903.37% to CNY 54,815,374.86, influenced by tax policies allowing one-time deductions for equipment under CNY 5 million[30]. - The company executed adjustments under new financial instrument standards, impacting various financial asset classifications[94].