Wujin Stainless(SH:603878)2019-10-24 16:00Financial Performance - Net profit attributable to shareholders increased by 71.01% to CNY 247,294,443.93 for the first nine months of the year[6] - Operating revenue for the first nine months reached CNY 1,745,631,582.97, reflecting a growth of 20.26% year-on-year[6] - Basic earnings per share rose by 22.54% to CNY 0.87[7] - The diluted earnings per share also increased by 22.54% to CNY 0.87[7] - Total operating revenue for Q3 2019 reached ¥596.36 million, a 19.7% increase from ¥498.32 million in Q3 2018[26] - Net profit attributable to shareholders for Q3 2019 was ¥96.90 million, representing an increase of 83.9% compared to ¥52.65 million in Q3 2018[28] - Basic and diluted earnings per share for Q3 2019 were both ¥0.34, compared to ¥0.25 in Q3 2018[29] - The company reported a total profit of ¥112.45 million for Q3 2019, compared to ¥59.55 million in Q3 2018, marking an increase of 88.7%[27] Asset Management - Total assets increased by 8.99% to CNY 3,142,843,522.86 compared to the end of the previous year[6] - The company's accounts receivable increased by 36.34% to ¥548,713,154.92 compared to the previous year-end[14] - The construction in progress rose significantly by 187.18% to ¥145,122,688.84, primarily due to the ongoing construction of a precision stainless steel plant[14] - Current assets totaled ¥2,409,359,598.88, an increase from ¥2,213,335,646.11, reflecting a growth of about 8.8%[21] - The total assets reached ¥3,141,276,017.30, compared to ¥2,884,187,657.70, indicating an increase of about 8.9%[22] - The company's total non-current assets amounted to CNY 669,859,413.33 as of the third quarter of 2019, including fixed assets of CNY 464,029,553.00 and intangible assets of CNY 93,086,200.86[44] Liabilities and Equity - Total liabilities increased to ¥847,876,709.92, up from ¥722,561,766.49, representing a growth of approximately 17.4% year-over-year[22] - The company's short-term borrowings increased significantly to ¥180,000,000.00 from ¥80,000,000.00, representing a growth of 125%[22] - The total equity attributable to shareholders increased to ¥2,293,399,307.38 from ¥2,161,625,891.21, marking a growth of approximately 6.1%[23] - Long-term payables decreased slightly to ¥18,446,873.60 from ¥19,928,153.60, a decline of approximately 7.4%[22] Cash Flow - The net cash flow from operating activities decreased by 40.57% to CNY 62,049,373.35 compared to the same period last year[6] - The company's cash inflow from operating activities for the first three quarters of 2019 was CNY 1,110,751,074.47, a slight increase from CNY 1,100,113,684.61 in the same period of 2018, representing a growth of approximately 0.6%[36] - The net cash flow from operating activities decreased to CNY 62,049,373.35 in 2019 from CNY 104,412,530.71 in 2018, indicating a decline of about 40.6%[36] - Cash inflow from financing activities was CNY 219,740,000.00, significantly higher than CNY 79,750,400.00 in 2018, reflecting an increase of about 175.5%[39] - The ending balance of cash and cash equivalents was CNY 250,727,483.68, down from CNY 333,295,712.21 in 2018, a decrease of approximately 24.8%[37] Shareholder Information - The number of shareholders reached 18,717 by the end of the reporting period[11] - The top shareholder, Zhu Guoliang, holds 16.14% of the shares, totaling 46,187,516 shares[12] Government Subsidies - The company reported a total of CNY 5,474,381.77 in government subsidies closely related to its normal business operations[8] Research and Development - Research and development expenses for Q3 2019 were ¥9.08 million, a decrease of 16.7% from ¥10.91 million in Q3 2018[26] - Research and development expenses for the first three quarters of 2019 totaled ¥31,182,845.73, an increase of 12.8% from ¥27,799,059.51 in the same period of 2018[32]