SGP(SH:603586)2019-10-28 16:00Financial Performance - Operating revenue for the first nine months reached CNY 1,187,187,140.03, representing a year-on-year increase of 14.60%[5] - Net profit attributable to shareholders for the first nine months was CNY 149,998,286.40, up 91.15% from the same period last year[5] - The weighted average return on equity increased by 3.59 percentage points to 7.21%[5] - Basic earnings per share for the period was CNY 0.73, a 97.30% increase compared to CNY 0.37 in the previous year[5] - The company reported a significant increase in net profit due to improved operational efficiency and market expansion strategies[5] - Net profit rose by 91.27% to ¥149,999,005.65, driven by higher operating income and gross profit margin[15] - The company’s total comprehensive income for the first three quarters of 2019 was ¥149,999,005.65, compared to ¥78,421,559.25 in the same period of 2018, reflecting an increase of 91.2%[30] - The total profit for the first three quarters of 2019 was ¥106,287,506.61, compared to ¥66,687,345.68 in the same period of 2018, indicating a growth of about 59.4%[33] Cash Flow - Cash flow from operating activities for the first nine months was CNY 174,145,947.75, a significant increase of 1,828.34% compared to CNY 9,030,863.14 in the previous year[5] - The company's operating cash flow for the first three quarters of 2019 was CNY 174,145,947.75, a significant increase compared to CNY 9,030,863.14 in the same period of 2018, reflecting a strong operational performance[35] - Total cash inflow from operating activities reached CNY 1,245,078,447.78, up from CNY 1,080,357,496.00 year-on-year, indicating a growth of approximately 15.3%[35] - The net cash flow from investment activities was negative at CNY -492,697,089.44, worsening from CNY -138,878,381.46 in the previous year, highlighting increased investment expenditures[36] - Cash inflow from financing activities totaled CNY 383,544,051.00, compared to CNY 322,394,700.00 in the same period last year, marking an increase of about 19%[36] - The company reported a net cash outflow of CNY 607,437,471.97 in the first three quarters of 2019, compared to CNY -207,347,873.46 in 2018, indicating a decline in cash reserves[36] - The ending cash and cash equivalents balance was CNY 570,723,896.58, down from CNY 589,873,963.14 at the end of the same period last year[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,735,738,118.18, a decrease of 4.57% compared to the end of the previous year[5] - Cash and cash equivalents decreased by 48.30% to ¥621,585,617.40 due to increased investment in financial products and stock repurchase expenditures[14] - Accounts receivable increased by 132.68% to ¥32,772,533.74, primarily due to an increase in bill settlements[14] - Other current assets surged by 307.83% to ¥308,567,432.48, mainly from increased investments in financial products[14] - Long-term borrowings increased to ¥80,000,000.00, reflecting the company's strategy to enhance liquidity[14] - Total liabilities decreased to ¥601,934,276.83, down 16.6% from ¥722,723,320.46[23] - The company's total equity as of September 30, 2019, was ¥2,133,803,841.35, a slight decrease from ¥2,143,948,217.68[23] - Total current assets amounted to ¥1,655,452,959.49, a decrease of 13.8% from ¥1,920,756,127.51 on December 31, 2018[21] - Total non-current assets rose to ¥1,080,285,158.69, an increase of 14.2% from ¥945,915,410.63[22] Shareholder Information - The total number of shareholders at the end of the reporting period was 19,799[10] - The largest shareholder, Shandong Jinqilin Investment Management Co., Ltd., held 44.50% of the shares[10] Investment Activities - The company repurchased 4,257,020 shares, accounting for 2.09% of the total share capital, at a total cost of ¥66,558,162.23[16] - Investment income grew by 67.07% to ¥19,461,992.00, due to increased returns from bank financial products and futures investments[15] - The company’s investment cash outflow was CNY 1,031,158,219.76, significantly higher than CNY 695,560,338.67 in the same period of 2018, indicating aggressive investment strategies[36] - The company received CNY 332,634,298.83 from investment recoveries, down from CNY 425,000,000.00 in the same period last year, reflecting a decrease of approximately 21.7%[38] Research and Development - Research and development expenses for Q3 2019 amounted to ¥15,759,305.70, which is a 23.6% increase from ¥12,767,325.71 in Q3 2018[29] - Research and development expenses for Q3 2019 amounted to ¥8,936,375.71, up from ¥7,502,343.15 in Q3 2018, marking an increase of approximately 19.2%[33]