Nacity Servic(SH:603506)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 31.41% to CNY 86,595,384.60 for the first nine months of the year[5] - Operating revenue for the first nine months reached CNY 901,948,644.13, reflecting a growth of 22.27% year-on-year[5] - Basic earnings per share rose by 27.45% to CNY 0.65[6] - Net profit increased by 34.77% to ¥91,940,261.09 from ¥68,221,434.21, due to enhanced market expansion efforts and improved cash management[14] - The company reported a net profit of CNY 223,321,797.73 for the first nine months of 2019, compared to CNY 173,406,964.91 for the same period in 2018, representing a growth of about 28.8%[23] - Net profit for Q3 2019 was ¥31,993,216.57, compared to ¥25,016,889.98 in Q3 2018, representing a growth of 27.5%[25] - The net profit attributable to shareholders for Q3 2019 was ¥30,555,657.96, compared to ¥23,489,379.07 in Q3 2018, indicating an increase of 30.0%[26] Assets and Liabilities - Total assets increased by 12.53% to CNY 1,510,880,274.77 compared to the end of the previous year[5] - The total equity attributable to shareholders rose to CNY 694,839,855.75 from CNY 638,859,311.58, indicating an increase of approximately 8.8%[18] - Current liabilities rose to CNY 801,173,589.73 from CNY 696,325,121.02, marking an increase of about 15.1%[18] - The total liabilities increased to CNY 801,889,698.51 from CNY 696,325,121.02, an increase of about 15.1%[18] - The company’s total non-current assets amounted to CNY 260,446,283.19, up from CNY 243,598,845.13, indicating an increase of approximately 6.9%[17] Cash Flow - Net cash flow from operating activities decreased by 4.89% to CNY 40,784,027.51 compared to the same period last year[5] - Operating cash inflow for the first three quarters of 2019 was CNY 1,077,552,229.73, an increase of 29.6% compared to CNY 830,944,818.22 in the same period of 2018[31] - Cash outflow from investment activities in the first three quarters of 2019 totaled CNY 688,585,206.61, compared to CNY 573,149,732.65 in 2018, indicating a 20.1% increase[32] - The net cash flow from investment activities was negative CNY 138,198,502.51 in 2019, an improvement from negative CNY 572,978,580.02 in 2018[32] - Cash and cash equivalents at the end of Q3 2019 were CNY 268,981,466.25, up from CNY 195,334,646.82 at the end of Q3 2018[32] - The company reported a net decrease in cash and cash equivalents of CNY 126,921,856.20 for the third quarter of 2019[32] Shareholder Information - The total number of shareholders reached 7,414 by the end of the reporting period[10] - The largest shareholder, Zhejiang Nandu Real Estate Service Group Co., Ltd., holds 34.36% of the shares[10] Expenses and Investments - Sales expenses grew by 33.11% to ¥16,439,410.37 from ¥12,350,445.08, reflecting increased market expansion activities[14] - Investment income rose by 130.80% to ¥24,063,194.64 from ¥10,425,941.90, resulting from improved cash management[14] - Research and development expenses for Q3 2019 were ¥468,307.18, with total R&D expenses for the first three quarters reaching ¥1,047,842.34[24] - The company incurred a credit impairment loss of ¥12,153,424.38 in the first three quarters of 2019, compared to no such loss in the same period of 2018[28] Government Support - The company received government subsidies amounting to CNY 3,766,013.07 during the first nine months[7] Market Expansion - The company’s management indicated plans for market expansion and new product development in the upcoming quarters[30]