Kings(SH:603505)2019-10-25 16:00Financial Performance - Net profit attributable to shareholders was ¥165,735,978.80, representing a significant increase of 133.56% year-on-year[15]. - Operating revenue for the period was ¥543,509,931.56, reflecting a growth of 47.65% compared to the same period last year[15]. - The net cash flow from operating activities increased dramatically to ¥189,962,170.90, up 537.62% year-on-year[15]. - Basic earnings per share rose to ¥0.69, a 130.00% increase from ¥0.30 in the same period last year[17]. - The weighted average return on equity improved to 18.32%, an increase of 8.91 percentage points compared to the previous year[17]. - The company reported a total profit of ¥74,389,122.19 for Q3 2019, significantly higher than ¥37,593,356.61 in Q3 2018[37]. - Net profit for Q3 2019 was ¥55,788,370.92, compared to ¥28,555,804.33 in Q3 2018, representing a 95.3% increase[37]. - Total profit for the first three quarters of 2019 was CNY 93.97 million, compared to CNY 49.92 million in the same period of 2018, representing an increase of 88.1%[40]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,622,168,195.12, an increase of 7.21% compared to the previous year-end[15]. - The company's net assets attributable to shareholders increased to ¥963,420,066.17, up 14.55% from the previous year-end[15]. - Current liabilities decreased to CNY 475,941,253.99 from CNY 588,258,713.42, a reduction of about 19.1%[30]. - Total liabilities decreased to CNY 654,005,964.63 from CNY 668,706,485.03, a decline of approximately 2.2%[31]. - Shareholders' equity rose to CNY 968,162,230.49 from CNY 844,343,791.27, indicating an increase of about 14.7%[31]. - Total assets amounted to CNY 1,513,050,276.30, with non-current assets at CNY 1,138,089,029.69[46]. - Total liabilities reached ¥356,221,746.02, with current liabilities totaling ¥346,721,746.02[51]. Cash Flow - The company received government subsidies amounting to ¥6,662,852.76 during the reporting period, contributing positively to its financial performance[17]. - Cash and cash equivalents rose significantly to CNY 113,446,821.28, compared to CNY 52,053,516.27, marking an increase of approximately 118.8%[33]. - Cash flow from operating activities for the first three quarters of 2019 was CNY 594.71 million, significantly higher than CNY 329.99 million in the same period of 2018[41]. - The net cash flow from operating activities for the first three quarters of 2019 was -80,083,066.95 RMB, compared to 118,535,819.24 RMB in the same period of 2018[43]. - The company reported a net cash outflow from investment activities of 100,293,740.29 RMB, compared to -123,941,695.69 RMB in the previous year[42]. Research and Development - Research and development expenses surged by 200.02% to CNY 4,586,000.55, attributed to increased spending on mineral processing experiments[24]. - Research and development expenses for Q3 2019 were ¥952,927.54, up from ¥562,042.52 in Q3 2018, indicating a focus on innovation[36]. Shareholder Information - The total number of shareholders at the end of the reporting period was 16,784, with the largest shareholder holding 50.20% of the shares[19]. - The company’s equity attributable to shareholders reached CNY 841,043,188.73, with retained earnings of CNY 394,626,178.39[47]. Future Plans - The company plans to transition from shallow hole mining to filling mining methods at the Inner Mongolia Xiangzhen Mining project, expected to be completed by the end of this year or early next year[25]. - The company anticipates the Lanxi project to enter trial production by the end of this year or early next year, with construction progressing normally[25]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[36].