TC(SH:603085)2019-10-25 16:00Financial Performance - Operating revenue for the first nine months reached CNY 1,080,543,304.14, a significant increase of 74.37% year-on-year[6] - Net profit attributable to shareholders decreased by 37.76% to CNY 25,314,074.86 for the first nine months[6] - The company's operating profit decreased by 49.91% to ¥22,535,531.87 due to increased R&D expenses in the UK aircraft seat business and rising financial costs[11] - Net profit fell by 37.76% to ¥25,314,074.86, primarily attributed to the decline in operating profit[11] - Total revenue for the first three quarters of 2019 reached ¥836,294,605.40, a significant increase from ¥395,123,736.80 in the same period of 2018, representing a growth of approximately 111%[31] - Q3 2019 net profit was a loss of ¥5,736,849, compared to a profit of ¥10,666,357 in Q3 2018, indicating a significant decline[23] - The total profit for Q3 2019 was a loss of ¥9,989,463, compared to a profit of ¥10,639,780 in Q3 2018, indicating a significant downturn[22] Cash Flow - Cash flow from operating activities turned positive at CNY 27,492,100.12, compared to a negative CNY 69,061,672.51 in the same period last year[6] - Cash flow from operating activities improved significantly, with a net inflow of ¥27,492,100.12 compared to a net outflow of ¥69,061,672.51 in the previous period[11] - The company's cash inflow from operating activities for the first three quarters of 2019 was ¥935,608,406.75, compared to ¥435,510,259.93 in the same period of 2018, reflecting an increase of approximately 115%[31] - The net cash flow from operating activities for Q3 2019 was ¥27,492,100.12, a significant improvement compared to a net outflow of ¥69,061,672.51 in Q3 2018[32] - The company reported a total cash outflow from operating activities of ¥456,035,613.33 for the first nine months of 2019, down from ¥565,581,231.29 in the same period of 2018[35] Assets and Liabilities - Total assets increased by 9.42% to CNY 2,543,114,572.27 compared to the end of the previous year[6] - Current assets totaled CNY 1,494,161,808.96, significantly higher than CNY 881,648,770.59 at the end of 2018[18] - Total liabilities increased to CNY 1,160,600,787.27 as of September 30, 2019, compared to CNY 1,003,094,925.09 at the end of 2018[20] - The company reported a significant increase in inventory, which reached ¥423,999,690.91, up from ¥354,171,701.82 in the previous year[15] - Short-term borrowings increased to ¥411,746,936.68 from ¥367,352,400.00, reflecting a rise in financial leverage[15] Expenses - The company’s sales expenses rose by 38.64% to CNY 56,627,335.31, attributed to the consolidation of the UK subsidiary's financials[10] - Management expenses increased by 78.81% to CNY 109,827,105.70, mainly due to R&D investments in the UK aircraft seat business[10] - R&D expenses for Q3 2019 totaled ¥12,441,171, up from ¥11,349,551 in Q3 2018, reflecting an increase of about 9.6%[22] - Financial expenses in Q3 2019 were ¥6,261,759.3, compared to ¥3,449,702.78 in Q3 2018, showing an increase of approximately 81%[28] Earnings Per Share - Basic and diluted earnings per share fell by 35.71% to CNY 0.09[7] - The basic earnings per share for Q3 2019 was ¥0.09, down from ¥0.14 in Q3 2018[24] Government Support - The company received government subsidies amounting to CNY 9,962,008.47 for the year-to-date, which are closely related to its normal business operations[7] Inventory and Cash Management - Inventory levels rose to CNY 288,355,330.96, up from CNY 225,081,993.42 at the end of 2018, indicating a 28.1% increase[18] - Cash received from tax refunds surged by 289.98% to ¥76,312,325.47, driven by increased VAT refunds from the UK subsidiary[11]