XCC(SH:603667)2019-10-24 16:00Financial Performance - Operating revenue for the first nine months was ¥1,389,630,544.18, representing a year-on-year growth of 41.11%[12] - Net profit attributable to shareholders was ¥85,501,523.49, a slight increase of 1.37% compared to the same period last year[12] - The company reported a 66.53% increase in R&D expenses, totaling ¥40,748,157.12, reflecting its commitment to innovation[20] - Total operating revenue for Q3 2019 reached ¥434,271,797.52, a 26.6% increase from ¥343,250,885.43 in Q3 2018[48] - Net profit for Q3 2019 was ¥28,752,461.04, compared to ¥27,070,613.56 in Q3 2018, reflecting a 6.2% increase[51] - The total comprehensive income for Q3 2019 was CNY 22.24 million, up from CNY 20.14 million in the same period last year[64] Cash Flow - Net cash flow from operating activities for the first nine months surged to ¥99,486,070.72, a significant increase of 846.89% year-on-year[12] - The company generated cash inflows from operating activities amounting to CNY 1,359,484,345.24, a 45.5% increase compared to CNY 933,545,122.88 in the same period of 2018[66] - The net cash flow from operating activities for the first three quarters of 2019 was CNY 80,560,993.22, significantly up from CNY 8,280,418.50 in 2018[74] - Cash inflows from financing activities reached CNY 528,698,379.07 in the third quarter of 2019, compared to CNY 317,073,613.00 in the same quarter of 2018, marking a 66.6% increase[69] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,042,519,148.59, an increase of 2.14% compared to the end of the previous year[12] - The total amount of trade financial assets increased to ¥15,000,000.00, a substantial rise of 4,900% from the beginning of the year[20] - The total liabilities increased significantly, with notes payable rising to ¥167,938,339.25, a 79.00% increase compared to the previous year[20] - Total liabilities amounted to CNY 1.21 billion, up from CNY 1.19 billion, reflecting a growth of 0.7%[36] - The total assets as of September 30, 2019, amounted to 2,978,718,043.68 RMB, reflecting a decrease of 28,813,016.90 RMB compared to the previous period[84] Shareholder Information - The total number of shareholders at the end of the reporting period was 18,797[15] - The largest shareholder, Zhang Feng, holds 23.82% of the shares, with 60,090,000 shares pledged[15] - Zhejiang Wuzhou Xinchun Group Holdings Limited holds 8.16% of the shares, with 10,590,000 shares pledged[15] Expenses - Basic earnings per share decreased by 13.51% to ¥0.32 compared to the same period last year[12] - The company’s management expenses rose by 57.14% to ¥82,555,300.49, attributed to the acquisition of new companies[23] - The company’s financial expenses surged by 207.76% to ¥17,901,834.70, driven by increased bank borrowings and interest expenses[20] - The financial expenses for Q3 2019 were CNY 2.21 million, significantly higher than CNY 0.25 million in Q3 2018, primarily due to increased interest expenses[57] Research and Development - Research and development expenses for Q3 2019 amounted to ¥13,844,396.39, a 36.8% increase from ¥10,129,983.19 in Q3 2018[48] - Research and development expenses for Q3 2019 amounted to CNY 10.76 million, slightly higher than CNY 10.13 million in Q3 2018[57] Regulatory and Compliance - The company is currently addressing feedback from the China Securities Regulatory Commission regarding its application for issuing convertible bonds[24] - As of January 1, 2019, the company implemented new financial instrument standards, resulting in the reclassification of financial assets, with a total adjustment of 28,813,016.90 RMB in retained earnings or other comprehensive income[90]