JAHB(SH:603822)2019-10-24 16:00Financial Performance - Net profit attributable to shareholders rose by 12.02% to CNY 45,200,734.57 for the first nine months of the year[6] - Operating revenue for the first nine months increased by 9.54% to CNY 846,183,623.57 compared to the same period last year[6] - The company reported a net profit of CNY 40,852,733.18 after deducting non-recurring gains and losses, reflecting a 9.15% increase year-on-year[6] - Basic earnings per share increased by 12.02% to CNY 0.6162[7] - The company reported a significant increase of 160.99% in taxes payable, amounting to ¥10,318,640.08, due to increased unpaid value-added tax[12] - Net profit for Q3 2019 was ¥14,254,053, a 12.9% increase from ¥12,628,879 in Q3 2018[25] - The company reported a total profit of -¥5.98 million for Q3 2019, down from ¥3.70 million in Q3 2018, indicating ongoing financial difficulties[28] Assets and Liabilities - Total assets increased by 9.33% to CNY 1,576,976,985.29 compared to the end of the previous year[6] - Total liabilities reached CNY 768,922,906.08, up from CNY 664,863,004.66, indicating an increase of approximately 15.6%[19] - Current assets totaled CNY 771,385,837.98, slightly up from CNY 756,557,669.74, indicating a growth of about 2.4%[18] - Non-current assets rose to CNY 805,591,147.31 from CNY 685,786,002.93, marking an increase of approximately 17.5%[18] - Total liabilities amounted to CNY 664,863,004.66, reflecting the company's financial obligations[37] - Total current liabilities were CNY 405,230,574.87, with short-term borrowings of CNY 312,619,811.20[36] Cash Flow - Net cash flow from operating activities reached CNY 90,755,783.16, a significant improvement from a negative cash flow of CNY -2,354,643.93 in the previous year[6] - The company's operating cash inflow for the first three quarters of 2019 was CNY 1,014,837,231.83, an increase of 33.6% compared to CNY 759,180,370.16 in the same period of 2018[30] - Total cash outflow from investing activities was CNY 121,022,422.22, down from CNY 705,782,804.99 in the same period last year, resulting in a net cash flow from investing activities of -CNY 97,515,153.35[31] - Cash inflow from financing activities totaled CNY 331,801,936.72, while cash outflow was CNY 380,842,720.15, leading to a net cash flow from financing activities of -CNY 49,040,783.43[31] Shareholder Information - The total number of shareholders reached 10,106 by the end of the reporting period[10] - The largest shareholder, Tongxiang Shunchang Investment Co., Ltd., holds 17.56% of the shares[10] - Shareholders' equity increased to CNY 808,054,079.21 from CNY 777,480,668.01, representing a growth of about 3.9%[19] Expenses and Costs - The company's management expenses increased by 31.05% to ¥33,899,631.11, primarily due to higher wages and intermediary fees[13] - The company’s financial expenses decreased significantly to ¥5,834,286 in Q3 2019 from ¥13,984,545 in Q3 2018, a reduction of 58%[24] - Research and development expenses for Q3 2019 amounted to ¥10,501,723, which is a 74.5% increase compared to ¥6,042,934 in Q3 2018[24] Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in this report[5] - The company is currently in the debugging phase of a project to produce 20,000 tons of environmentally friendly plasticizers, which is the first high-end production project of its kind in China[13] - The company is focusing on market expansion and new product development to drive future growth[36]