RICHEN(SH:603755)2019-10-28 16:00Financial Performance - Operating income for the first nine months reached CNY 201,705,908.25, a 21.71% increase year-on-year[6] - Net profit attributable to shareholders increased by 23.41% to CNY 55,598,480.90 compared to the same period last year[6] - Basic and diluted earnings per share increased by 18.03% to CNY 0.72[7] - Total revenue for Q3 2019 reached ¥78,637,370.23, a 27.2% increase from ¥61,763,747.26 in Q3 2018[26] - Net profit for the first three quarters of 2019 was ¥90,597,655.31, compared to ¥79,999,174.41 in the same period of 2018, reflecting a growth of 13.3%[25] - The net profit attributable to the parent company for Q3 2019 was CNY 19,774,413.47, compared to CNY 16,801,860.97 in Q3 2018, reflecting a year-over-year increase of about 11.6%[29] - Total profit for Q3 2019 was CNY 23,759,501.79, compared to CNY 19,774,792.64 in Q3 2018, indicating an increase of approximately 20.1%[30] Assets and Liabilities - Total assets increased by 143.07% to CNY 595,058,988.47 compared to the end of the previous year[6] - Total current assets amounted to ¥545,819,402.45, a substantial increase from ¥194,517,902.68 in the previous year[20] - Total liabilities decreased to ¥42,771,728.30 from ¥45,783,950.74, indicating improved financial stability[22] - Total current liabilities were 45,066,848.97, with accounts payable at 28,610,583.61 and accrued employee compensation at 9,850,033.27[46] - The total liabilities were reported at ¥45,783,950.74, showing no significant change from the previous year[42] Shareholder Information - Net assets attributable to shareholders increased by 177.49% to CNY 552,287,260.17 compared to the end of the previous year[6] - The total number of shareholders reached 13,575 at the end of the reporting period[11] - The largest shareholder, Qingdao Boya Investment Co., Ltd., holds 56.24% of the shares[11] - The company's total equity rose to ¥552,287,260.17, up from ¥199,028,148.40, reflecting strong growth in shareholder value[22] Cash Flow - Net cash flow from operating activities increased by 211.71% to CNY 29,632,856.21 compared to the same period last year[6] - Cash flow from operating activities for the first nine months of 2019 was CNY 29,632,856.21, significantly up from CNY 9,506,677.95 in the same period of 2018, marking an increase of approximately 211.5%[35] - The net cash flow from financing activities reached ¥296,531,048.72, significantly improving from a negative ¥35,000,000.00 in the previous year due to funds raised from the IPO[18] - Cash inflow from sales of goods and services was ¥197,529,149.40, an increase from ¥146,955,409.09 in the same period of 2018, representing a growth of 34.4%[37] Expenses - Management expenses increased by 56.16% to ¥15,455,828.75 due to costs related to the company's initial public offering[17] - R&D expenses rose by 34.51% to ¥7,240,743.82 as a result of increased investment in research and development[17] - The company reported a cash outflow of ¥45,000,000.00 for dividend distribution, compared to ¥35,000,000.00 in the previous year, reflecting a 28.6% increase in dividend payments[38] Other Financial Metrics - The weighted average return on equity decreased by 3.9 percentage points to 23.67%[7] - Investment income increased by 120.26% to ¥244,980.82, attributed to higher returns from financial products[17] - Other income grew by 235.02% to ¥560,505.12, mainly due to government subsidies related to regular activities[17] - The company incurred credit impairment losses of CNY -897,902.88 in Q3 2019, compared to CNY -754,505.00 in Q3 2018, indicating an increase in losses[31] Government Support - The company received government subsidies totaling CNY 860,505.12 for high-tech enterprise recognition and other awards[8] Product Development and Strategy - The company has not disclosed any significant new product developments or market expansion strategies during this reporting period[14] - There were no significant mergers or acquisitions reported in the third quarter of 2019[14] Accounting Standards - The company adopted new financial instrument and lease accounting standards effective January 1, 2019, with no cumulative impact on the financial statements[48] - The company reported no adjustments to prior period comparative data due to the new standards[48]