GUOMAO REDUCER(SH:603915)2019-10-28 16:00Financial Performance - Operating income for the first nine months rose by 4.95% to CNY 1,424,477,765.04 compared to the same period last year[18]. - Net profit attributable to shareholders increased by 16.06% to CNY 194,453,478.79 compared to the same period last year[18]. - Basic and diluted earnings per share increased by 9.09% to CNY 0.48[20]. - Total revenue for the first three quarters of 2019 reached CNY 1,424,477,765.04, representing an increase of 4.9% from CNY 1,357,339,527.85 in the same period of 2018[52]. - Net profit for Q3 2019 was CNY 73,885,311.42, compared to CNY 71,294,377.35 in Q3 2018, reflecting an increase of 3.7%[56]. - The total comprehensive income of CNY 73,819,468.88 for Q3 2019, compared to CNY 71,322,409.82 in Q3 2018[61]. - The company's operating profit for Q3 2019 was ¥78,151,270.55, a decrease from ¥82,036,220.30 in Q3 2018, reflecting a decline of approximately 1.07% year-over-year[68]. - The total profit for Q3 2019 was ¥84,328,834.77, compared to ¥83,006,788.31 in the same period last year, indicating a slight increase of about 1.58%[68]. Assets and Liabilities - Total assets increased by 47.45% to CNY 3,206,872,332.96 compared to the end of the previous year[18]. - Total current assets amounted to RMB 2,490,873,024.67, up from RMB 1,484,600,373.42[36]. - Cash and cash equivalents increased by 45.30% to RMB 817,079,495.73 from RMB 562,331,877.11[26]. - Accounts receivable rose by 50.11% to RMB 290,157,218.24 compared to RMB 193,298,095.44 in the previous year[26]. - Total liabilities reached ¥1,045,963,593.93, up from ¥1,008,932,242.30, which is an increase of around 3.7%[49]. - The company’s total liabilities increased, with accounts payable rising by 37.65% to RMB 296,929,311.80 from RMB 215,706,113.12[26]. - Current liabilities totaled ¥1,033,463,593.93, an increase from ¥996,432,242.30, reflecting a rise of about 3.1%[49]. Cash Flow - Net cash flow from operating activities reached CNY 55,560,247.91, a significant improvement from a negative cash flow of CNY -4,593,098.32 in the previous year[18]. - Cash flow from operating activities for the first nine months of 2019 was ¥1,232,325,877.61, compared to ¥952,856,829.93 in the same period of 2018, showing an increase of approximately 29.38%[73]. - The net cash flow from operating activities was 57,382,532.34 RMB, compared to a negative cash flow of -1,930,687.43 RMB in the same period last year, indicating a significant improvement[79]. - The ending balance of cash and cash equivalents was 815,554,301.85 RMB, up from 364,035,567.72 RMB at the end of the same period last year[79]. Shareholder Information - The total number of shareholders reached 35,153 by the end of the reporting period[23]. - The largest shareholder, Guomao Reducer Group Co., Ltd., holds 51.45% of the shares[23]. - Shareholders' equity rose to ¥2,160,401,228.21 from ¥1,165,961,256.38, reflecting a significant increase of approximately 85.5%[42]. Expenses - Management expenses increased by 40.75% to RMB 33,141,627.17 from RMB 23,546,575.89[29]. - Research and development expenses for Q3 2019 were CNY 20,620,438.07, slightly up from CNY 19,161,380.14 in Q3 2018[52]. - Sales expenses for Q3 2019 totaled ¥23,241,739.98, down from ¥27,168,134.50 in Q3 2018, reflecting a decrease of approximately 14.06%[65]. Government Subsidies and Other Income - The company reported a government subsidy income of CNY 5,481,104.40 for the current period[22]. - The company reported cash received from tax refunds of 3,989,947.25 RMB, compared to 370,307.56 RMB in the previous year[79].