Flying Technology(SH:603488)2019-10-24 16:00Financial Performance - Net profit attributable to shareholders rose by 31.56% to CNY 50,636,015.75 for the third quarter[7] - Operating revenue for the first nine months increased by 17.32% to CNY 263,063,529.74 compared to the same period last year[6] - The company reported a net profit of CNY 57,234,613.50 for the first nine months, up 15.29% year-on-year[6] - Basic earnings per share increased by 12.50% to CNY 0.27[7] - Net profit for the first three quarters of 2019 was ¥51,519,433.25, compared to ¥40,300,873.76 in the same period of 2018, representing a year-on-year increase of 27.7%[25] - The company's total profit for Q3 2019 was CNY 27,786,845.68, compared to CNY 25,701,862.14 in Q3 2018, reflecting an increase of about 8.1%[29] - The total comprehensive income for Q3 2019 was CNY 23,677,538.37, compared to CNY 21,883,899.71 in Q3 2018, marking an increase of approximately 8.2%[30] Assets and Liabilities - Total assets increased by 3.11% to CNY 963,937,434.97 compared to the end of the previous year[6] - Current liabilities increased to ¥107,170,352.61 from ¥99,281,914.00, indicating a rise in short-term financial obligations[19] - Non-current assets decreased to ¥150,322,290.38 from ¥154,157,173.27, showing a reduction in long-term asset investments[19] - Total liabilities as of September 30, 2019, were ¥110,997,074.08, compared to ¥101,453,337.38 at the end of 2018, indicating an increase of 9.4%[24] - Total assets as of Q3 2019 were CNY 934,824,883.87, unchanged from the previous year[36] - Total liabilities remained stable at CNY 99,281,914.00 as of Q3 2019[38] Cash Flow - Net cash flow from operating activities increased by 53.88% to CNY 47,612,204.05 year-to-date[6] - Cash flow from operating activities for the first nine months of 2019 was CNY 47,612,204.05, compared to CNY 30,941,946.08 in the previous year, indicating a significant increase of approximately 54.0%[31] - The company’s cash flow from financing activities showed a net outflow of CNY -41,669,634.00 in the first nine months of 2019, compared to CNY -33,103,221.77 in the previous year[31] - Cash inflow from sales of goods and services increased to CNY 239,816,340.51 in the first three quarters of 2019, up from CNY 208,815,996.86 in 2018, reflecting a growth of 14.9%[33] Shareholder Information - The total number of shareholders reached 12,255 by the end of the reporting period[12] - The largest shareholder, Jin Peirong, holds 16.52% of the shares, with 34,520,000 shares[12] Inventory and Accounts Receivable - The company reported a significant increase in accounts receivable to ¥124,695,224.24 from ¥105,338,783.15, indicating improved sales performance[18] - Inventory increased to ¥42,731,778.30 from ¥38,230,468.72, suggesting a buildup of stock in anticipation of future sales[18] Research and Development - The company reported R&D expenses of ¥3,072,188.76 for Q3 2019, slightly down from ¥3,214,049.45 in Q3 2018[25] - Research and development expenses for Q3 2019 totaled ¥3,072,188.76, representing 2.9% of the operating revenue[28] Financial Assets and Impairments - Financial assets measured at fair value increased to ¥75,549,868.21, with no previous balance reported, indicating the start of purchasing trading financial assets[14] - Asset impairment losses decreased by 71.56% to -¥96,661.24 from -¥339,875.80, as receivable impairment losses were reclassified into credit impairment losses[15] - The total assets impairment loss for Q3 2019 was reported at ¥0.00, a significant improvement from a loss of ¥240,757.25 in Q3 2018[28] Other Financial Metrics - The gross profit margin for Q3 2019 was approximately 34.8%, compared to 34.0% in Q3 2018, indicating a slight improvement in profitability[28] - The company's retained earnings rose to ¥257,330,667.19 from ¥241,884,253.69, marking an increase of 6.4%[24] - The capital reserve increased to ¥340,795,088.66 from ¥338,423,357.00, a growth of 0.7%[24]