TAM(SH:603789)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 220.18% to CNY 15,721,664.18 for the first nine months of the year[6] - Operating revenue for the first nine months rose by 3.64% to CNY 548,544,325.05 compared to the same period last year[6] - Basic earnings per share increased by 221.81% to CNY 0.0605[7] - Net profit rose by 50.14% to ¥16,718,024.39, driven by increased gross margins from export machines and new products[15] - Total profit increased by 44.25% to ¥22,730,535.48, attributed to higher gross margins from exports and new products[15] - Operating profit surged by 84.03% to ¥22,701,910.26, primarily due to increased gross profit from new product lines[15] - The net profit for the first three quarters of 2019 reached ¥160,115,253.81, compared to ¥146,533,522.66 in the same period of 2018, indicating a growth of 9%[29] - The total profit for Q3 2019 was ¥9,035,384.56, a decrease of 30.7% from ¥13,032,772.72 in Q3 2018[35] - The company's total equity as of September 30, 2019, was ¥1,017,026,870.80, up from ¥1,002,180,751.82 at the end of 2018, reflecting a growth of 1.5%[29] Assets and Liabilities - Total assets increased by 3.99% to CNY 1,680,341,081.54 compared to the end of the previous year[6] - Total assets as of September 30, 2019, amounted to ¥1,397,639,438.08, an increase from ¥1,348,965,036.23 at the end of 2018[28] - Total liabilities increased to ¥380,612,567.28 from ¥346,784,284.41 year-over-year, representing a growth of approximately 10%[28] - The total liabilities were recorded at 518,093,969.92 RMB, unchanged from the previous year, indicating stable debt levels[46] - The total equity reached 1,097,755,035.37 RMB, consistent with the previous year, reflecting no significant changes in shareholder equity[46] Cash Flow - The net cash flow from operating activities for the first nine months was negative at CNY -131,017,104.37[6] - The company reported a net cash outflow from operating activities of ¥-131,017,104.37, primarily due to reduced accounts receivable collections and increased raw material payments[15] - The net cash flow from investment activities decreased to -55,930,459.34 RMB, a decline of 181.51% compared to the same period last year[16] - The net cash flow from financing activities increased to 103,710,446.80 RMB, compared to -20,477,317.48 RMB in the previous year, indicating a significant recovery[16] - The net cash flow from operating activities was -118,867,980.15 RMB, compared to -56,692,306.62 RMB in the previous year, indicating a decline in operational cash flow[42] - Total cash inflow from financing activities was 217,484,891.40 RMB, significantly higher than 87,104,418.46 RMB in the same quarter last year, reflecting increased borrowing and investment receipts[42] Shareholder Information - The total number of shareholders at the end of the reporting period was 20,478[11] - The largest shareholder, Huzhou New Home Investment Management Co., Ltd., holds 32.98% of the shares[11] Operational Insights - The company has not disclosed any new product developments or market expansion strategies in this report[6] - Accounts receivable increased by 41.26% to ¥611,552,199.61 as the company relaxed credit policies to boost new product market penetration[14] - Short-term borrowings increased by 178.67% to ¥125,400,000.00, indicating a significant rise in borrowing during the reporting period[14] - The company fully recognized an impairment loss of 30 million RMB related to the investment in Changxin Wisdom Fund, reflecting a significant impact on the financial results[17] - The company reported a decrease in inventory to 182,948,452.59 RMB from 201,294,305.76 RMB, a reduction of approximately 9.4%[23] Research and Development - Research and development expenses for Q3 2019 were ¥3,263,607.73, down from ¥7,145,116.89 in Q3 2018, a decrease of 54%[30] - Research and development expenses for Q3 2019 were ¥6,602,945.93, an increase of 7.9% from ¥6,119,117.74 in Q3 2018[35]