Linewell(SH:603636)2019-10-28 16:00Financial Performance - Operating revenue for the first nine months was ¥758,394,496.34, representing a year-on-year growth of 31.41%[15] - Net profit attributable to shareholders was ¥82,356,695.48, a decrease of 32.65% compared to the same period last year[15] - The company's operating revenue for Q3 2019 was RMB 758,394,496.34, representing a 31.41% increase compared to RMB 577,133,202.14 in the same period last year[29] - Total profit for the first three quarters of 2019 was approximately $98.35 million, a decrease of 30.4% from $141.26 million in the same period of 2018[59] - Net profit for Q3 2019 was approximately $55.39 million, down 42.8% from $96.69 million in Q3 2018[59] - The net profit for the third quarter of 2019 was CNY 42,988,040.22, a decrease from CNY 65,958,710.42 in the same period of 2018, representing a decline of approximately 34.7%[68] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,514,310,126.56, an increase of 17.25% compared to the end of the previous year[15] - The company's total assets reached ¥2,997,253,170.52, showing a decrease of ¥11,709,771.83 compared to the last reporting period[84] - Total liabilities increased to CNY 1,552,086,938.71, up from CNY 1,229,046,574.27, representing a growth of approximately 26.3% year-over-year[49] - The company's total liabilities decreased by 44.83% for current non-current liabilities, reflecting reclassification of expected payments for equity transfer[26] - The company's current liabilities totaled approximately 856.20 million RMB, down from 998.37 million RMB, indicating a decrease of about 14.2%[48] Cash Flow - The net cash flow from operating activities improved by 22.33%, reaching -¥321,314,955.74[15] - The cash flow from operating activities for the first nine months of 2019 was negative at CNY -321,314,955.74, an improvement from CNY -413,689,853.63 in the same period of 2018[72] - The total cash outflow from operating activities was CNY 821,544,382.49 in Q3 2019, slightly down from CNY 837,216,822.40 in Q3 2018[72] - The cash inflow from operating activities for the first nine months of 2019 was CNY 388,395,624.97, down from CNY 666,274,146.83 year-over-year[76] Expenses and Investments - Sales and management expenses increased by 63.64% due to the expansion of business scale and R&D investments[17] - Research and development expenses rose by 110.61% to RMB 41,991,774.70 from RMB 19,938,416.35, reflecting increased investment in R&D[29] - Research and development expenses for Q3 2019 were approximately $15.28 million, an increase of 79.5% compared to $8.52 million in Q3 2018[57] Shareholder Equity - Total equity attributable to shareholders increased to CNY 1,933,890,277.94 from CNY 1,747,757,502.61, a growth of approximately 10.6%[49] - The company's total equity increased from CNY 1,712,985,099.40 to CNY 1,705,521,727.65, indicating a decrease of CNY 7,463,371.75[89] Strategic Developments - The company signed contracts with a total amount of approximately ¥2,024,000,000 that are currently being executed[17] - The company has ongoing strategic collaborations in smart city applications and big data industries with China Electronics Technology Group Corporation[39] Inventory and Receivables - Accounts receivable increased by 84.49% to RMB 459,216,669.88 from RMB 248,911,241.15, primarily due to increased operating income[26] - Inventory decreased to CNY 266,400,582.26 from CNY 368,300,023.70, reflecting a decline of about 27.6%[52]