MYSE(SH:601615)2019-10-29 16:00Financial Performance - Operating income for the first nine months rose by 58.87% to CNY 7.21 billion compared to the same period last year[5] - Net profit attributable to shareholders increased by 98.59% to CNY 513.61 million compared to the same period last year[5] - Basic and diluted earnings per share increased by 65.22% to CNY 0.38 compared to the same period last year[7] - The company expects a substantial increase in net profit for the full year 2019 compared to the previous year, driven by growth in wind turbine orders and increased demand for delivery[17] - Total revenue for Q3 2019 reached ¥3,195,118,246.85, a significant increase of 60.1% compared to ¥1,995,586,770.34 in Q3 2018[27] - Net profit for Q3 2019 was ¥212,140,826.14, compared to ¥115,984,515.12 in Q3 2018, reflecting an increase of 83.0%[29] - The company reported a net profit of approximately ¥1.09 billion, compared to ¥0.65 billion in the previous year, reflecting an increase of about 67.0%[22] Assets and Liabilities - Total assets increased by 28.15% to CNY 28.62 billion compared to the end of the previous year[5] - The company's current assets totaled approximately ¥16.68 billion, up from ¥11.66 billion year-over-year, indicating a growth of approximately 43.0%[20] - The total amount of convertible bonds proposed for public issuance is not more than RMB 170 million, which was approved by the board and shareholders[16] - The total liabilities amounted to approximately ¥22.08 billion, compared to ¥17.44 billion in the previous year, representing an increase of about 26.5%[21] - Total liabilities increased to ¥18,316,112,151.93 in Q3 2019, compared to ¥14,154,680,934.75 in Q3 2018, marking a rise of 29.5%[26] - The total equity attributable to shareholders reached approximately ¥6.13 billion, up from ¥4.45 billion, indicating a growth of about 37.7%[22] Cash Flow - Net cash flow from operating activities surged by 1,222.29% to CNY 928.85 million compared to the same period last year[5] - Cash flow from operating activities for the first three quarters of 2019 was approximately ¥7.06 billion, up from ¥4.41 billion in the same period of 2018, representing a growth of 60%[37] - Cash inflow from financing activities in Q3 2019 was approximately ¥3.95 billion, compared to ¥2.56 billion in Q3 2018, marking an increase of 54%[38] - The net cash flow from financing activities was ¥1.72 billion, a turnaround from a net outflow of ¥322,789.44 in the previous year[41] Shareholder Information - The total number of shareholders at the end of the reporting period was 57,898[10] - The top ten shareholders held a combined total of 1,000,000,000 shares, representing significant ownership concentration[11] Inventory and Accounts Receivable - Inventory increased by 68.45% to RMB 2,433,613,873.53 from RMB 1,444,688,392.26 due to increased stockpiling based on order conditions and customer delivery needs[13] - Accounts receivable rose to approximately ¥6.48 billion, compared to ¥5.49 billion in the previous year, marking an increase of about 18.0%[20] Research and Development - Research and development expenses for Q3 2019 were ¥75,568,112.40, an increase from ¥68,274,119.23 in Q3 2018, indicating a focus on innovation[28] - The company is focusing on developing new products and technologies to drive future growth and improve operational efficiency[23] Government Support - Government subsidies recognized in the current period amounted to CNY 15.74 million, contributing to overall financial performance[8]