hailir(SH:603639)2019-10-28 16:00Financial Performance - Operating income for the first nine months was CNY 1,967,082,956.50, representing a year-on-year increase of 19.10%[6] - Net profit attributable to shareholders decreased by 12.76% to CNY 276,680,322.84 compared to the same period last year[6] - Basic earnings per share were CNY 1.63, down 13.76% from CNY 1.89 in the same period last year[6] - The company's operating revenue for Q3 2019 was RMB 1,967,082,956.50, representing a 19.10% increase compared to RMB 1,651,668,037.72 in the same period last year[12] - Total operating revenue for Q3 2019 reached ¥536,725,901.59, a 33.4% increase from ¥402,282,875.27 in Q3 2018[24] - Net profit for Q3 2019 was ¥75,978,999.41, slightly down from ¥76,653,383.13 in Q3 2018, representing a decrease of 0.9%[25] - The total profit for Q3 2019 was ¥95,227,630.11, compared to ¥93,672,949.34 in Q3 2018, reflecting a growth of 1.7%[25] - The company experienced a net profit of ¥276,680,322.84 for the first three quarters of 2019, down from ¥317,079,632.05 in the same period of 2018, representing a decline of 12.7%[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,172,091,311.21, a decrease of 1.78% compared to the end of the previous year[6] - Total liabilities reached CNY 1,177,873,565.53, compared to CNY 869,121,211.96 in the same period last year, indicating a significant increase of about 35.5%[22] - Owner's equity totaled CNY 1,035,594,256.20, slightly down from CNY 1,045,638,002.21 year-over-year, showing a decrease of approximately 1.0%[23] - The company reported a total liability to equity ratio of approximately 1.14, indicating a higher leverage compared to the previous year[23] - Total assets as of September 30, 2019, amounted to CNY 2,213,467,821.73, an increase from CNY 1,914,759,214.17 in the previous year, reflecting a growth of approximately 15.6%[21] - Current liabilities totaled CNY 1,253,121,078.91, with short-term borrowings at CNY 243,000,000.00 and accounts payable at CNY 365,529,665.90[37] Cash Flow - Net cash flow from operating activities was CNY 181,700,982.79, a significant increase of 600.32% compared to a negative cash flow in the same period last year[6] - The net cash flow from operating activities for the first three quarters of 2019 was RMB 181,700,982.79, a significant recovery from a net outflow of RMB -82,688,437.42 in the same period of the previous year[29] - The company reported cash inflows from investment activities totaling RMB 2,499,400.00, a decrease from RMB 991,776,729.50 in the previous year[30] - The net cash flow from financing activities was RMB -220,412,777.46 in the first three quarters of 2019, a decline from a net inflow of RMB 258,801,906.99 in the previous year[30] - The company’s cash and cash equivalents at the end of the third quarter of 2019 stood at RMB 463,304,086.39, compared to RMB 400,275,047.97 at the end of the same period in 2018[30] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,590[10] - The top ten shareholders held a combined 70.44% of the company's shares, with the largest shareholder owning 38.27%[10] Research and Development - Research and development expenses increased by 41.98% to RMB 72,219,980.25, reflecting a stronger commitment to R&D[12] - Research and development expenses for Q3 2019 were ¥17,577,527.21, an increase of 59.8% compared to ¥11,030,029.25 in Q3 2018[24] - R&D expenses in the first three quarters of 2019 totaled ¥25.47 million, up from ¥21.81 million in the same period of 2018[27] Inventory and Receivables - Accounts receivable increased by 28.24% to RMB 570,369,239.01 from RMB 430,518,225.71, attributed to seasonal sales patterns[12] - Accounts receivable increased significantly to CNY 428,002,113.54 from CNY 238,321,922.84, reflecting a growth of about 79.5%[21] - Inventory decreased to CNY 237,757,970.90 from CNY 351,606,123.04, indicating a decline of approximately 32.4%[21] Financial Adjustments and Standards - The company reported a significant adjustment of CNY -2,820,000.00 in available-for-sale financial assets as of January 1, 2019[39] - The company implemented new financial instrument standards effective January 1, 2019, which may impact future financial reporting[38]