GUILIN FUDA (SH:603166)2019-10-24 16:00Financial Performance - Operating revenue for the first nine months was CNY 1,071,131,740.79, an increase of 0.76% year-on-year[6] - Net profit attributable to shareholders for the first nine months was CNY 87,267,408.31, representing a growth of 9.24% compared to the same period last year[6] - Basic earnings per share rose by 15.38% to CNY 0.15[6] - The net profit excluding non-recurring gains and losses for the first nine months was CNY 59,008,882.91, a decrease of 1.95% year-on-year[6] - Total operating revenue for Q3 2019 reached ¥316,024,656.43, a 12.1% increase from ¥281,867,123.44 in Q3 2018[25] - Operating profit for Q3 2019 was ¥16,859,111.09, up from ¥13,699,910.63 in Q3 2018, reflecting a growth of 23.7%[26] - Net profit for the first three quarters of 2019 was ¥87,267,408.31, compared to ¥79,531,595.46 in the same period of 2018, indicating a year-on-year increase of 9.4%[27] - The company reported a total profit of ¥16,832,168.93 for Q3 2019, compared to ¥13,864,428.22 in Q3 2018, marking a 21.2% increase[26] - The company achieved total comprehensive income of ¥14,068,516.59 in Q3 2019, compared to ¥12,296,935.75 in Q3 2018, an increase of 14.4%[27] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 309,813,177.15, a slight decrease of 0.33% year-on-year[6] - Net cash flow from investing activities decreased significantly due to the absence of financial product recoveries in the current period, compared to a net recovery of 61 million yuan in the same period last year[13] - Net cash flow from financing activities decreased by 1,261.87% compared to the same period last year, primarily due to increased cash payments for debt repayment[13] - Operating cash inflow for the first three quarters of 2019 was $307.4 million, a 65.7% increase from $185.4 million in the same period of 2018[36] - Net cash flow from operating activities for the first three quarters of 2019 was $20.3 million, compared to $2.8 million in 2018, reflecting a significant improvement[36] - Cash outflow from investing activities for the first three quarters of 2019 totaled $29.6 million, a decrease from $79.4 million in the same period of 2018[37] - Net cash flow from financing activities for the first three quarters of 2019 was $20.9 million, down from $43.6 million in 2018[37] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,119,855,178.80, a decrease of 2.65% compared to the end of the previous year[6] - Total liabilities decreased from CNY 1,098,613,262.48 in 2018 to CNY 1,011,320,419.90 in 2019, a reduction of approximately 7.95%[19] - Current assets increased from CNY 273,008,064.58 in 2018 to CNY 322,363,028.55 in 2019, representing an increase of about 18.09%[21] - Non-current assets slightly increased from CNY 1,901,480,485.43 in 2018 to CNY 1,906,506,127.47 in 2019, a growth of approximately 0.13%[21] - The company's total liabilities to equity ratio improved from 0.13 in 2018 to 0.10 in 2019, indicating a stronger equity position[22] - The total current liabilities increased from CNY 195,433,739.69 in 2018 to CNY 338,557,205.18 in 2019, an increase of approximately 73.25%[22] Shareholder Information - The total number of shareholders at the end of the reporting period was 23,686[10] - The largest shareholder, Fuda Holdings Group, held 69.28% of the shares, with 203,150,000 shares pledged[10] Expenses and Income - The company reported a government subsidy of CNY 34,148,984.14 for the first nine months, contributing to non-operating income[9] - Other income increased by 59.71% compared to the same period last year, mainly due to an increase in government subsidies received[13] - Investment income decreased by 592.35% compared to the same period last year, primarily due to increased losses from Guilin Fuda Alfin Large Crankshaft Co., Ltd.[13] - Income tax expense increased by 48.61% compared to the same period last year, mainly due to increased total profits from Guilin Crankshaft Company and Fuda Forging Company[13] - Research and development expenses increased to ¥19,628,441.11 in Q3 2019, up 38.7% from ¥14,120,504.94 in Q3 2018[25] - The company incurred financial expenses of CNY 3,848,830.56 for the first nine months of 2019, compared to CNY 2,274,334.74 in the previous year, marking an increase of about 69.2%[29] - The company’s sales expenses for the first nine months of 2019 were CNY 23,616,802.49, an increase from CNY 22,363,554.46 in the same period last year, representing a growth of about 5.6%[29]