ADD(SH:603089)2019-10-24 16:00Financial Performance - Net profit attributable to shareholders was CNY 76,167,297.24, representing a year-on-year increase of 19.80%[6] - Operating revenue for the first nine months reached CNY 822,485,295.93, an increase of 10.01% compared to the same period last year[6] - Basic earnings per share were CNY 0.49, up 19.51% from CNY 0.41 in the same period last year[7] - The net profit after deducting non-recurring gains and losses was CNY 70,867,346.22, reflecting a year-on-year increase of 19.69%[6] - The company reported a total profit of ¥35,458,603.27 for Q3 2019, down from ¥47,785,091.94 in Q3 2018, a decrease of 25.5%[35] - Net profit for Q3 2019 reached ¥31,476,164.24, a decline of 25.8% from ¥42,462,232.11 in Q3 2018[35] - The company reported a total comprehensive income of ¥66,723,777.50 for the first nine months of 2019, compared to ¥49,961,304.19 for the same period in 2018, an increase of approximately 33.6%[39] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,549,868,221.77, a decrease of 2.92% compared to the end of the previous year[6] - Current assets totaled CNY 707,158,045.08, down from CNY 815,536,077.35 at the end of 2018, representing a decline of approximately 13.3%[24] - Total liabilities decreased to CNY 586,201,473.19 from CNY 700,196,939.29, a reduction of approximately 16.3%[26] - Total liabilities reached CNY 700,196,939.29, with current liabilities at CNY 680,495,264.26 and non-current liabilities at CNY 19,701,675.03[49] - The total assets amounted to ¥1,010,884,907.75 in Q3 2019, compared to ¥1,070,027,312.62 in Q3 2018, reflecting a decrease of 5.5%[31] - The total liabilities decreased to ¥244,028,433.28 in Q3 2019 from ¥362,740,063.13 in Q3 2018, indicating a reduction of 32.7%[30] Cash Flow - The net cash flow from operating activities was CNY 97,230,642.89, a significant increase of 400.91% year-on-year[6] - Operating cash inflow for the first three quarters of 2019 reached ¥931.46 million, a significant increase from ¥666.51 million in the same period of 2018, representing an increase of approximately 39.7%[41] - The net cash flow from operating activities for Q3 2019 was ¥97.23 million, compared to ¥19.41 million in Q3 2018, indicating a year-over-year increase of approximately 400%[42] - The company reported a cash outflow of ¥173.32 million from investment activities in the first three quarters of 2019, down from ¥668.16 million in the same period of 2018, a decrease of approximately 74.0%[45] Expenses - Sales expenses increased by 48.74% to ¥39,585,351.02 due to the inclusion of Wuhu Rongji and Anbote in the consolidation scope and increased marketing expenses[17][18] - Management expenses rose by 50.27% to ¥53,725,540.92, primarily due to the consolidation of Wuhu Rongji and Anbote[17][21] - The company experienced a significant increase in tax expenses, rising by 99.75% to ¥13,627,707.02 compared to the same period last year[17][21] - Research and development expenses for Q3 2019 were ¥11,510,525.12, compared to ¥10,057,835.23 in Q3 2018, an increase of 14.5%[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,761[12] - The company completed a capital reserve transfer to increase its share capital, resulting in a total share capital of 154,671,500 shares[7] - Shareholders' equity increased to CNY 963,666,748.58 from CNY 896,224,079.82, an increase of about 7.5%[26] Government Support and Financing - The company received government subsidies amounting to CNY 6,971,816.89 during the reporting period, which are closely related to its normal business operations[9] - The company plans to issue convertible bonds to raise up to ¥290 million, which has been approved by the regulatory authority[20] - The company received ¥227 million in borrowings during Q3 2019, compared to ¥100 million in Q3 2018, marking a 127% increase in financing through loans[42]