G-bits(SH:603444)2019-10-22 16:00Financial Performance - Operating revenue for the first nine months was CNY 1,555,138,977.50, representing a year-on-year growth of 34.07%[13] - Net profit attributable to shareholders for the first nine months was CNY 669,936,588.67, up 32.17% from the same period last year[13] - Basic earnings per share for the reporting period was CNY 9.34, reflecting a growth of 31.73% year-on-year[13] - The weighted average return on equity increased by 2.89 percentage points to 23.30% compared to the previous year[13] - The company reported a significant increase in long-term equity investments, which rose by 133.09% to CNY 378,276,619.33, attributed to new equity investments[24] - The company’s basic earnings per share increased by 31.73% to CNY 9.34, reflecting higher net profits[29] - The net profit for Q3 2019 was CNY 262,305,435.77, an increase from CNY 217,347,512.57 in Q3 2018, representing a growth of approximately 20.1%[54] - The total comprehensive income for Q3 2019 was CNY 264,710,795.52, compared to CNY 220,151,771.72 in Q3 2018, representing an increase of approximately 20.2%[57] Cash Flow - The net cash flow from operating activities for the first nine months increased by 44.42% to CNY 881,762,282.31 compared to the previous year[13] - The company’s cash flow from investing activities improved significantly, with a net inflow of CNY 102,891,223.84, compared to a net outflow of CNY 660,470,282.12 in the previous year[27] - Cash inflows from operating activities reached CNY 1,815,120,860.42, up from CNY 1,234,472,621.89 year-over-year, indicating a growth of approximately 47.1%[70] - The net cash flow from investment activities was CNY 102,891,223.84, a turnaround from a negative cash flow of CNY -660,470,282.12 in the previous period[70] - The ending cash and cash equivalents balance was CNY 664,242,068.38, up from CNY 467,040,688.51, reflecting a positive cash position[72] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 4,068,025,571.78, an increase of 1.49% compared to the end of the previous year[13] - The company’s total assets under other non-current financial assets reached CNY 431,380,035.75, following the reclassification of certain equity investments[24] - Total liabilities decreased to approximately ¥800.90 million from ¥877.12 million, a reduction of 8.7%[41] - The company reported a significant increase in accounts receivable, totaling ¥23,091,646.67, compared to ¥70,270,201.87 previously[46] - The company’s total liabilities included approximately $63.20 million in long-term borrowings[85] Shareholder Information - The company reported a total of 13,346 shareholders at the end of the reporting period[20] - The largest shareholder, Lu Hongyan, holds 30.09% of the shares, amounting to 21,629,475 shares[20] - Shareholders' equity increased to approximately ¥3.27 billion, up from ¥3.13 billion, indicating a growth of 4.5%[41] Government and Non-Operating Income - The company recognized government subsidies amounting to CNY 19,409,775.28 for the first nine months[17] - Non-operating income for the first nine months totaled CNY 36,556,655.79, with significant contributions from entrusted investment management gains[17] Expenses - Sales expenses surged by 110.67% to CNY 172,483,791.36, primarily due to increased marketing costs for new games[27] - R&D expenses in Q3 2019 amounted to ¥77,762,254.64, an increase of 18.5% compared to ¥65,474,799.97 in Q3 2018[51] - Research and development expenses for Q3 2019 were CNY 21,180,882.63, slightly higher than CNY 21,141,203.08 in Q3 2018, showing a marginal increase[62] Future Outlook - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[51]