FUDA ALLOY(SH:603045)2019-10-30 16:00Financial Performance - Net profit attributable to shareholders rose by 36.48% to CNY 50,695,878.56 for the first nine months[6] - Operating revenue for the first nine months reached CNY 1,077,187,686.66, reflecting a growth of 13.71% year-on-year[6] - Basic earnings per share decreased by 16.05% to CNY 0.3684 compared to the same period last year[7] - The weighted average return on equity increased by 0.37 percentage points to 6.4295%[6] - The company reported a 93.49% increase in income tax expenses to ¥4,900,741.33 from ¥2,532,851.03, driven by an increase in total profit[11] - The net profit for the first three quarters of 2019 reached CNY 50,725,069.53, compared to CNY 37,143,964.92 in the same period of 2018, indicating a year-over-year increase of about 36.5%[32] Cash Flow - The net cash flow from operating activities was negative at CNY -247,091,412.25 for the first nine months[6] - Cash flow from operating activities for the first nine months of 2019 was CNY -247,091,412.25, worsening from CNY -123,130,086.77 in the previous year[33] - The company reported a significant increase in cash received from operating activities, totaling CNY 1,114,019,993.32 for the first nine months of 2019, compared to CNY 1,012,375,633.14 in the same period of 2018[33] - Net cash flow from operating activities was -¥247,058,605.08 in Q3 2019, compared to -¥123,130,086.77 in Q3 2018, indicating a decline in operational cash generation[37] Assets and Liabilities - Total assets increased by 7.61% to CNY 1,436,651,243.69 compared to the end of the previous year[6] - The total amount of current assets reached ¥989,630,931.14, slightly up from ¥961,789,741.35[17] - Current liabilities rose to CNY 583,356,933.85, compared to CNY 491,688,462.38, reflecting an increase of about 18.6%[23] - Total liabilities amounted to CNY 634,358,987.41, up from CNY 566,697,822.77, indicating an increase of around 11.9%[23] - Shareholders' equity increased to CNY 802,321,447.25 from CNY 768,385,246.72, marking a growth of about 4.3%[23] Inventory and Receivables - Accounts receivable increased by 43.82% to ¥317,580,069.71 from ¥220,814,634.58, attributed to growth in sales revenue[9] - Inventory rose by 38.98% to ¥480,496,716.90 from ¥345,725,214.52, driven by an increase in pending orders and the company's efforts to enhance delivery capabilities[9] - Inventory levels rose significantly to CNY 480,496,716.90, compared to CNY 345,725,214.52, an increase of approximately 38.9%[22] Shareholder Information - The total number of shareholders reached 19,482 by the end of the reporting period[8] - The largest shareholder, Wang Dawu, holds 26.34% of the shares, with 36,248,706 shares pledged[8] Government and Other Income - Government subsidies recognized in the first nine months amounted to CNY 17,948,659.61[7] - Other income increased by 69.42% to ¥6,905,617.05 from ¥4,076,083.49, primarily due to higher government subsidies[11] - Investment income surged by 613.47% to ¥2,366,329.39 from ¥331,664.60, resulting from increased returns on financial products and structured deposits[11] Financial Ratios and Metrics - The company’s long-term prepaid expenses increased by 525.17% to ¥13,820,032.51 from ¥2,210,605.68, due to prepayments for equipment and land use rights[10] - The deferred income tax liabilities rose to CNY 6,887,425.78 from CNY 2,803,843.79, an increase of approximately 145.5%[19]