TORCH ELECTRON(SH:603678)2019-10-28 16:00Financial Performance - Operating revenue for the first nine months rose by 19.72% to CNY 1,727,024,346.06 year-on-year [17]. - Net profit attributable to shareholders increased by 15.23% to CNY 290,706,737.96 compared to the same period last year [17]. - Basic earnings per share increased by 14.29% to CNY 0.64 [17]. - Total revenue for Q3 2019 reached ¥666,410,179.98, an increase of 32.8% compared to ¥501,498,868.85 in Q3 2018 [55]. - Net profit attributable to shareholders for Q3 2019 was ¥67,368,509.69, compared to ¥50,893,337.46 in Q3 2018, marking a growth of 32.4% [50]. - The total profit for the first three quarters of 2019 was ¥251.47 million, a 42.0% increase from ¥177.09 million in the same period of 2018 [67]. - The net profit for the current period is 78,112,204.62, compared to 77,221,439.73 in the previous period, showing a slight increase [62]. Cash Flow and Investments - Net cash flow from operating activities surged by 127.46% to CNY 100,432,699.15 year-to-date [17]. - Cash received from investment decreased by 55.75% to approximately $458.73 million, due to a significant reduction in financial products compared to the previous year [30]. - Cash paid for investments decreased by 93.61% to approximately $59.88 million, reflecting a substantial reduction in financial product purchases by subsidiaries [32]. - Cash flow from operating activities for the first three quarters of 2019 was CNY 410,306,356.66, a slight increase from CNY 404,923,295.14 in the same period of 2018 [76]. - The company reported a total cash inflow from investment activities of ¥470.35 million in the first three quarters of 2019, down from ¥1,055.66 million in the same period of 2018 [73]. - The company incurred financial expenses of 8,941,958.57, which is an increase from 5,946,475.75 in the previous period [62]. Assets and Liabilities - Total assets increased by 11.06% to CNY 4,171,190,512.12 compared to the end of the previous year [17]. - The company's total liabilities amounted to RMB 1.06 billion, up from RMB 926.45 million year-on-year, reflecting an increase of approximately 15% [48]. - Total liabilities reached ¥417,428,286.42 in Q3 2019, compared to ¥283,495,239.58 in Q3 2018, indicating a rise of 47.2% [55]. - Current liabilities reached ¥831,708,324.46, including short-term borrowings of ¥400,949,565.33 and accounts payable of ¥347,543,483.54 [84]. - The company has a total of $3,414,594.51 in deferred revenue, which may represent future revenue recognition [92]. Shareholder Information - The number of shareholders at the end of the reporting period was 15,620 [22]. - As of September 30, 2019, the company repurchased a total of 227,300 shares, accounting for 0.05% of the total share capital, with a total expenditure of RMB 4,998,342.65 [38]. - Shareholders' equity rose to ¥2,565,263,641.51, compared to ¥2,381,420,040.11 in the same period last year, an increase of 7.7% [55]. Research and Development - R&D expenses decreased by 41.90% to approximately $29.57 million, as some R&D costs were reclassified as other business costs [29]. - Research and development expenses amounted to 12,092,973.23, a decrease from 17,977,105.33 in the previous period [62]. - Research and development expenses increased to ¥8.32 million in Q3 2019, representing a 33.4% rise from ¥6.24 million in Q3 2018 [67]. Other Financial Metrics - Other comprehensive income increased by 122.06% to approximately $4.08 million, mainly from fair value changes and foreign exchange adjustments [29]. - Minority interests increased by 32.37% to approximately $67.37 million, due to increased minority interests in subsidiaries [29]. - Deferred income tax liabilities increased by 34.09% to approximately $11.39 million, due to a one-time tax deduction policy for fixed assets [26].