ORIENT CABLE (NBO)(SH:603606)2019-10-25 16:00Financial Performance - Net profit attributable to shareholders increased by 162.31% to CNY 302,372,426.90 year-on-year[6] - Operating revenue rose by 17.32% to CNY 2,568,291,683.14 for the year-to-date period[5] - Basic earnings per share increased by 155.56% to CNY 0.46[6] - The weighted average return on net assets rose by 8.99 percentage points to 16.07%[6] - Total operating revenue for Q3 2019 reached ¥1,077,968,624.10, a 34.3% increase from ¥802,115,676.63 in Q3 2018[26] - Net profit for Q3 2019 was ¥122,283,474.55, compared to ¥59,004,722.84 in Q3 2018, representing a 106.8% increase[27] - Total comprehensive income attributable to the parent company for Q3 2019 was ¥122,270,587.95, an increase from ¥59,004,722.84 in Q3 2018[30] - The company reported a total profit of ¥141,795,490.56 for Q3 2019, up from ¥69,716,729.65 in Q3 2018, marking a 103.5% increase[31] Assets and Liabilities - Total assets increased by 14.03% to CNY 3,891,694,889.74 compared to the end of the previous year[5] - Total current assets increased to CNY 3,105,702,149.53 from CNY 2,718,345,322.04, representing a growth of approximately 14.26% year-over-year[20] - Total assets reached CNY 3,891,694,889.74, compared to CNY 3,412,857,957.35, marking an increase of about 14.09%[22] - Total liabilities increased to CNY 1,907,983,891.49 from CNY 1,678,723,393.80, which is an increase of approximately 13.66%[22] - The company's equity attributable to shareholders rose to CNY 1,979,675,082.31 from CNY 1,730,134,205.46, reflecting an increase of approximately 14.39%[22] - Total liabilities reached ¥1,935,761,309.39, up from ¥1,665,591,232.98 in Q3 2018[25] - The company's equity increased to ¥1,948,012,154.74 in Q3 2019, compared to ¥1,699,254,476.47 in Q3 2018[25] Cash Flow - Cash flow from operating activities was CNY 2,036,229.86, showing a significant decrease compared to the previous year[5] - The net cash flow from operating activities decreased by 93.17% to ¥2,036,229.86, influenced by changes in operating cash flows and increased revenue[16] - Cash flow from operating activities for the first nine months of 2019 was ¥2,101,925,027.39, down from ¥2,311,534,539.14 in the same period of 2018[33] - The net cash flow from financing activities was -¥384.81 million, compared to -¥118.91 million in Q3 2018, indicating a significant increase in cash outflow[35] Investments and R&D - The company's R&D expenses rose by 34.24% to ¥89,237,622.09, reflecting increased investment in high-end products such as marine cables and ultra-high voltage land cables[15] - Research and development expenses for Q3 2019 were ¥31,328,635.41, a significant increase from ¥18,987,544.99 in Q3 2018[26] - The company has ongoing investments in fixed assets amounting to CNY 415.92 million, supporting its operational capabilities[42] Shareholder Information - The top ten shareholders hold a total of 33.26% of the shares, with Ningbo Dongfang Group Co., Ltd. being the largest shareholder[11] - The company plans to implement a capital reserve conversion to increase its share capital from 503,157,324 shares to 654,104,521 shares[7] Government Subsidies - Government subsidies recognized in the current period amounted to CNY 8,798,207.74[8] - The company received government subsidies, leading to other income increasing by 59.66% to ¥8,798,207.74[15]