Konruns(SH:603590)2019-10-29 16:00Financial Performance - Revenue for the first nine months was CNY 761,234,564.49, representing a year-on-year growth of 9.38%[7] - Net profit attributable to shareholders for the first nine months was CNY 203,695,695.21, up 29.79% from the same period last year[7] - Cash flow from operating activities for the first nine months was CNY 208,694,402.62, an increase of 11.73% year-on-year[7] - The net profit after deducting non-recurring gains and losses was CNY 178,553,606.93, reflecting a growth of 16.95% compared to the previous year[7] - Basic earnings per share for the period was CNY 1.2731, a slight increase of 0.95% from the previous period[8] - Total revenue for Q3 2019 reached ¥217,664,838.37, an increase of 4.9% compared to ¥208,224,741.90 in Q3 2018[27] - Year-to-date revenue for the first three quarters of 2019 was ¥761,234,564.49, up 9.3% from ¥695,939,785.51 in the same period of 2018[27] - Net profit for Q3 2019 reached ¥56,421,595.79, compared to ¥55,856,969.05 in Q3 2018, indicating a year-over-year increase of about 1.0%[32] - The total profit for the first three quarters of 2019 was ¥226,054,160.67, compared to ¥179,816,639.52 in the same period of 2018, representing an increase of approximately 25.7%[32] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,092,219,966.01, an increase of 5.89% compared to the end of the previous year[7] - The total liabilities as of September 30, 2019, were 427,779,149.76 RMB, slightly down from 439,478,033.07 RMB at the end of 2018[20] - The company's total equity increased to 2,664,440,816.25 RMB from 2,480,714,428.69 RMB at the end of 2018, reflecting retained earnings growth[21] - The total assets as of September 30, 2019, were ¥3,091,752,977.59, compared to ¥2,917,903,707.94 at the end of 2018, indicating growth in asset base[24] - Total liabilities decreased to ¥413,673,810.15 from ¥423,270,585.28 in the previous period, showing improved financial stability[24] - Shareholders' equity increased to ¥2,678,079,167.44 from ¥2,494,633,122.66, reflecting a stronger equity position[24] Cash Flow - The net cash flow from investing activities for the first nine months of 2019 was -91,697,522.33 RMB, a significant increase of 398.05% compared to -18,411,157.09 RMB in the same period of 2018, primarily due to investments in Beijing Kangcheng Venture Capital and increased purchases of bank financial products[14] - The net cash flow from financing activities was -80,000,000.00 RMB, a decrease of 108.86% compared to 902,886,581.63 RMB in the previous year, mainly due to the funds raised from the initial public offering in the prior year[14] - The cash inflow from sales of goods and services in Q3 2019 was CNY 875,208,052.72, an increase of 26.6% compared to CNY 691,009,704.92 in Q3 2018[36] - The total cash outflow from operating activities was CNY 743,972,599.73 in Q3 2019, compared to CNY 561,466,746.56 in Q3 2018, representing an increase of 32.4%[36] - The company reported a net cash outflow from financing activities of CNY 80,000,000.00 in Q3 2019, contrasting with a net inflow of CNY 902,886,581.63 in the same period of 2018[37] Shareholder Information - Total number of shareholders reached 14,157 by the end of the reporting period[10] - Liu Jianhua holds 31.74% of shares, totaling 50,786,760 shares, with no pledged or frozen shares[10] - GL GLEE Investment Hong Kong Limited holds 10.35% of shares, totaling 16,560,000 shares, with no pledged shares[10] Research and Development - R&D expenses surged by 169.88%, amounting to 81,094,165.84 RMB, due to increased investment in R&D personnel salaries[13] - R&D expenses for Q3 2019 amounted to ¥29,270,032.40, significantly higher than ¥13,591,843.35 in Q3 2018, reflecting a focus on innovation[27] - Research and development expenses for Q3 2019 were ¥24,959,809.97, significantly higher than ¥13,738,819.39 in Q3 2018, reflecting an increase of approximately 81.5%[32] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 14,538,398.62 during the reporting period[8] - Other income from government subsidies increased by 519.75%, reaching 29,119,596.00 RMB[13] - Investment income rose significantly by 7142.23%, totaling 8,588,486.69 RMB, due to dividends received[13] Inventory and Receivables - Inventory increased by 51.53%, totaling 14,584,656.90 RMB, attributed to an increase in product amounts[12] - The company’s total receivables increased by 38.33%, reaching 11,144,058.59 RMB, primarily due to increased interest receivables[12] - Accounts receivable decreased to 201,863,788.65 RMB from 219,115,111.99 RMB at the end of 2018, indicating improved collection efforts[17] - The company’s inventory increased to 14,584,656.90 RMB from 9,624,877.91 RMB at the end of 2018, indicating potential stockpiling or increased production[19] Financial Standards and Reporting - The company has implemented new financial instrument standards, which may affect future financial reporting and performance metrics[44] - The company implemented new financial instrument standards starting January 1, 2019, affecting various accounts[49]