Huati Tech(SH:603679)2019-10-28 16:00Financial Performance - Net profit attributable to shareholders rose by 70.06% to CNY 80,315,400.33 for the year-to-date period[6] - Operating revenue for the year-to-date period increased by 40.05% to CNY 525,303,154.52 compared to the same period last year[6] - Basic earnings per share increased by 69.49% to CNY 0.7934[7] - Total revenue for the year-to-date reached 525,303,000, an increase of 40.05% compared to 375,071,000 in the previous year[12] - Total revenue for Q3 2019 reached CNY 212,315,748.92, a significant increase of 108.7% compared to CNY 101,675,241.79 in Q3 2018[22] - Year-to-date revenue for the first three quarters of 2019 was CNY 525,303,154.52, up 40% from CNY 375,071,860.01 in the same period of 2018[22] - Net profit for Q3 2019 reached 30,066,364.54, compared to 15,332,147.78 in the same quarter last year, marking a 96.0% increase[24] - Total profit for the first three quarters of 2019 was CNY 22,679,094.90, down 38.7% from CNY 36,962,813.17 in the same period of 2018[27] - The company reported a total profit of 38,744,261.12 for Q3 2019, up from 18,093,497.29 in Q3 2018, which is an increase of 114.7%[24] Assets and Liabilities - Total assets increased by 42.17% to CNY 1,209,684,747.14 compared to the end of the previous year[6] - Accounts receivable increased by 58.21% to CNY 458,732,999.02 due to increased project revenue[10] - Inventory increased by 94.43% to CNY 110,293,780.87, attributed to increased engineering construction[10] - Total current liabilities amounted to CNY 492,859,087.98, compared to CNY 266,805,514.48 in the previous year, reflecting an increase of 84.6%[16] - Total liabilities reached CNY 542,759,087.98, compared to CNY 266,805,514.48 in the previous year, indicating a growth of 103.5%[16] - The company reported a total of CNY 210,673,601.77 in accounts receivable, up from CNY 182,326,239.41 in the previous year, reflecting a growth of 15.6%[19] - Fixed assets increased to 87,242,009, a 39.19% rise from 62,680,333, due to the transfer of construction projects[12] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 81,641,496.66, worsening by 17.65% compared to the previous year[6] - Net cash flow from operating activities was -81,641,496, a 17.65% decline from -69,395,663 in the previous year[12] - In Q3 2019, the company's operating revenue was CNY 81,223,856.69, a slight increase of 0.52% compared to CNY 80,799,223.14 in Q3 2018[27] - The company experienced a net decrease in cash and cash equivalents of 14,073,622.60 RMB in Q3 2019, compared to a decrease of 115,018,107.55 RMB in Q3 2018, indicating a slight improvement in cash management[36] Expenses - Operating costs increased to 327,759,000, reflecting a 31.07% rise from 250,055,000 due to higher revenue[12] - R&D expenses rose by 35.80% to 15,292,400, up from 11,260,600, indicating increased investment in innovation[12] - Total operating expenses increased to CNY 414,851,311.79, up from CNY 355,963,009.10 in the previous year[32] - Research and development expenses for Q3 2019 totaled 6,451,565.93, compared to 3,482,776.27 in Q3 2018, an increase of 85.0%[24] - Total operating costs for Q3 2019 were 164,171,355.22, up from 84,833,675.02 in Q3 2018, representing a rise of 93.4%[24] Shareholder Information - The number of shareholders reached 5,088 by the end of the reporting period[8] - The company received government subsidies amounting to CNY 531,637.30, closely related to its normal business operations[8] Future Outlook - The company anticipates continued growth in revenue and operational expansion in the upcoming quarters[13]