Jiangnan Water(SH:601199)2019-10-24 16:00Financial Performance - Operating revenue for the period reached CNY 707,700,974.02, an increase of 8.38% year-on-year[6] - Net profit attributable to shareholders increased by 24.42% to CNY 179,670,624.72 compared to the same period last year[6] - Total profit increased by 24.22% to CNY 237,384,053.07 from CNY 191,103,439.32, mainly driven by increased installation revenue from the municipal engineering subsidiary[15] - Net profit for Q3 2019 was ¥64,761,139.40, representing a 24.9% increase from ¥51,811,253.39 in Q3 2018[27] - The company's total comprehensive income for the first three quarters of 2019 was CNY 238,198,802.68, compared to CNY 177,899,924.28 in the same period of 2018, reflecting a growth of 33.8%[31] Earnings and Shareholder Information - Basic earnings per share increased by 26.67% to CNY 0.19 compared to the previous year[6] - The total number of shareholders reached 36,368 by the end of the reporting period[11] - Basic earnings per share for Q3 2019 were CNY 0.07, up from CNY 0.05 in Q3 2018, indicating a growth of 40%[29] Cash Flow and Investments - Net cash flow from operating activities rose by 42.00% to CNY 402,675,600.88 year-to-date[6] - The company reported a net cash outflow from investment activities of CNY -586,138,430.89, primarily due to cash payments for financial investments and time deposits[15] - Cash inflow from operating activities for the first three quarters of 2019 was CNY 804,160,044.11, an increase of 8.5% compared to CNY 740,965,058.34 in the same period of 2018[33] - Net cash flow from investment activities for the first three quarters of 2019 was -CNY 586,138,430.89, compared to CNY 858,685,728.74 in the same period of 2018[33] Assets and Liabilities - Total assets increased by 12.90% to CNY 4,892,212,243.20 compared to the end of the previous year[6] - Total liabilities amounted to ¥1,984,025,448.55, up from ¥1,534,407,393.57, indicating a growth of around 29.2%[21] - The company's total assets increased to ¥4,892,212,243.20 from ¥4,333,314,106.27, showing a growth of about 12.9%[21] - Total current assets increased to ¥1,623,877,420.76 as of September 30, 2019, up from ¥1,326,569,804.67 in December 2018, representing a growth of approximately 22.4%[19] Shareholder Equity - The company reported a total of ¥2,847,353,910.13 in equity attributable to shareholders, up from ¥2,738,627,684.72, reflecting an increase of about 4%[21] - Total equity increased to ¥2,699,268,259.83 from ¥2,532,013,856.46, marking a growth of 6.6% year-over-year[25] Research and Development - Research and development expenses for Q3 2019 were ¥519,397.78, significantly higher than ¥95,055.06 in Q3 2018, indicating a focus on innovation[26] - The company has plans for market expansion and new product development, although specific figures were not disclosed in the reports[20] Financial Adjustments and Compliance - The adjustments made to the financial statements were in accordance with the revised financial reporting format issued by the Ministry of Finance[45] - The company has implemented new financial instrument standards affecting the recognition and measurement of financial assets[44] - The cumulative impact of the accounting policy changes was adjusted against the beginning retained earnings and other comprehensive income[44] - The company did not report any audit issues for the current period[47]