BEKEN(SH:603068)2019-10-28 16:00Financial Performance - Revenue for the first nine months reached RMB 780,261,927.83, representing a 113.66% increase year-on-year[6]. - Net profit attributable to shareholders increased by 123.52% year-on-year, totaling RMB 163,833,216.45[6]. - Basic and diluted earnings per share were both RMB 1.33, reflecting a 90.00% increase compared to the previous year[7]. - Total revenue for Q3 2019 reached ¥480,168,631.08, a significant increase from ¥122,765,919.67 in Q3 2018, representing a growth of approximately 290%[37]. - Net profit for Q3 2019 was ¥108,821,023.61, up from ¥20,512,444.86 in Q3 2018, reflecting a growth of approximately 429%[39]. - The company achieved a net profit attributable to shareholders of RMB 163.83 million in the first three quarters of 2019, indicating a positive operational trend[25]. Assets and Liabilities - Total assets increased by 196.46% year-on-year, reaching RMB 1,591,906,327.53[6]. - The total liabilities increased significantly, with accounts payable rising by 252.99% to RMB 275,813,991.08[15]. - Total assets amounted to ¥1,300,231,623.63, compared to ¥457,980,823.97 in the previous year, marking an increase of about 184%[34]. - Total liabilities were ¥161,892,171.72, a significant rise from ¥26,435,569.55 in the previous year, showing an increase of approximately 514%[34]. - Current liabilities totaled RMB 410.90 million, significantly higher than RMB 97.77 million at the end of 2018, indicating increased operational financing needs[29]. Cash Flow - Operating cash flow for the first nine months was RMB 36,143,495.85, up 154.39% compared to the same period last year[6]. - The net cash flow from operating activities for Q3 2019 was CNY 36,143,495.85, significantly up from CNY 14,208,049.11 in Q3 2018, marking a 154.5% increase[45]. - The cash inflow from financing activities in Q3 2019 was CNY 707,508,852.84, with a net cash flow of CNY 651,571,725.64 after outflows[46]. - The total cash and cash equivalents at the end of Q3 2019 reached CNY 383,421,594.16, up from CNY 99,813,125.22 at the end of Q3 2018, reflecting a significant increase in liquidity[46]. Shareholder Information - The total number of shareholders at the end of the reporting period was 18,997[12]. - The top ten shareholders held a combined 56.77% of the company's shares, with Beken Corporation being the largest shareholder at 21.87%[12]. - The company's equity attributable to shareholders reached RMB 1.18 billion, up from RMB 434.40 million, reflecting strong retained earnings growth[30]. Research and Development - The company has increased its investment in research and development, leading to a significant rise in intangible assets by 1285.01% to RMB 21,353,548.92[15]. - The company reported R&D expenses of ¥34,413,231.67 for Q3 2019, compared to ¥20,965,245.43 in Q3 2018, which is an increase of about 64%[38]. - Research and development expenses for Q3 2019 amounted to ¥27,542,020.71, compared to ¥10,687,134.15 in Q3 2018, indicating a focus on innovation[41]. Future Outlook - The company plans to expand its market presence, driven by increased product demand and new product development[16]. - Future outlook includes continued investment in new technologies and market expansion strategies to sustain growth momentum[34]. - The company expects a significant increase in net profit for the year compared to the same period last year, driven by enhanced policy support for ETC promotion[25]. Legal and Compliance - The ongoing patent infringement lawsuit with LITONG is not expected to have a significant adverse impact on the company's operations[25]. - The company has not reported any overdue commitments, indicating effective management of obligations[25]. - The company implemented new financial instrument standards effective January 1, 2019, with no impact on financial results or position[54].