Tederic(SH:603289)2019-10-24 16:00Financial Performance - Net profit attributable to shareholders rose by 27.12% to CNY 89,515,213.23 for the first nine months of the year[6]. - Basic earnings per share increased by 25.93% to CNY 0.34[7]. - Revenue for the first nine months was CNY 572,758,540.98, reflecting a 1.96% increase compared to the same period last year[6]. - Total operating revenue for Q3 2019 was CNY 161,608,625.56, an increase from CNY 158,898,370.53 in Q3 2018, representing a growth of 1.4%[23]. - Net profit for the first three quarters of 2019 reached CNY 572,758,540.98, compared to CNY 561,767,997.05 in the same period of 2018, reflecting a growth of 1.8%[23]. - The total profit for Q3 2019 was ¥32,233,775.14, compared to ¥30,493,772.79 in Q3 2018, marking an increase of about 5.73%[24]. - The net profit for Q3 2019 reached ¥27,533,643.25, compared to ¥26,798,081.52 in Q3 2018, indicating an increase of about 2.74%[24]. - Net profit for the first three quarters of 2019 reached CNY 84,071,660.57, compared to CNY 63,637,468.76 in the same period of 2018, indicating a year-over-year increase of about 32.1%[28]. Cash Flow - Operating cash flow improved significantly, with a net cash flow from operating activities of CNY 81,381,143.13, a 611.09% increase year-on-year[6]. - Cash flow from operating activities for the first nine months of 2019 was CNY 81,381,143.13, a significant recovery from a negative cash flow of CNY -15,923,021.32 in the same period of 2018[31]. - The company's operating cash inflow totaled CNY 505,198,239.65 for the first nine months of 2019, compared to CNY 490,087,896.99 in the same period of 2018, marking an increase of about 3.2%[30]. - Total cash inflow from operating activities reached ¥548,588,092.86, up from ¥516,970,747.48 in the previous year, indicating a year-over-year increase of about 6.9%[33]. - The net cash flow from operating activities increased significantly to ¥60,920,169.77 in the first three quarters of 2019, compared to only ¥2,752,152.45 in the same period of 2018, representing a growth of approximately 2,116%[33]. Assets and Liabilities - Total assets increased by 6.83% to CNY 1,401,381,362.97 compared to the end of the previous year[6]. - The company's total liabilities increased, with accounts payable rising by 10.67% to 210,966,870.66, reflecting increased settlement payments[16]. - Total liabilities as of September 30, 2019, were CNY 400,258,987.86, compared to CNY 349,715,950.05 at the end of 2018, representing a rise of 14.4%[18]. - Total assets as of September 30, 2019, amounted to CNY 1,339,252,218.12, up from CNY 1,256,298,415.52 at the end of 2018, marking an increase of 6.6%[20]. - The company's financial assets measured at fair value decreased by 100% to 503,300.00 due to the reclassification of forward foreign exchange contracts[11]. - Accounts receivable decreased by 67.66% to 15,974,635.60, primarily due to the expiration and transfer of receivables[11]. - Total current assets amounted to 938,612,007.88, with cash and cash equivalents at 365,547,575.88[40]. - Current liabilities were 327,531,143.79, with accounts payable at 177,008,415.94[41]. Shareholder Information - The company reported a total of 14,048 shareholders at the end of the reporting period[9]. - The largest shareholder, Hangzhou Tederic Investment, holds 48.02% of the shares, with 128,126,418 shares pledged[9]. - Shareholders' equity totaled CNY 1,001,122,375.11 as of September 30, 2019, an increase from CNY 962,026,687.62 at the end of 2018, showing a growth of 4.1%[18]. Expenses and Income - Government subsidies recognized during the reporting period amounted to CNY 6,776,909.74[8]. - Non-operating income for the first nine months totaled CNY 7,149,935.17[8]. - Research and development expenses for Q3 2019 amounted to ¥8,590,116.40, up from ¥7,534,965.06 in Q3 2018, reflecting a growth of approximately 14%[24]. - The company reported a total of ¥1,221,353.27 in other income for Q3 2019, down from ¥3,672,865.53 in Q3 2018, indicating a decrease of about 66.7%[24]. Future Outlook - The company has not provided specific guidance for future performance or new product developments in the current report[29]. - Future outlook remains positive with ongoing development in new technologies and potential acquisitions[41]. - The company is focusing on expanding its market presence and enhancing product offerings through strategic investments[41].