BOMIN ELECTRONICS(SH:603936)2019-10-28 16:00Financial Performance - Net profit attributable to shareholders increased by 73.48% to CNY 143,000,657.60 for the first nine months of the year[6]. - Operating revenue for the first nine months reached CNY 1,797,871,958.46, reflecting a growth of 25.82% year-on-year[6]. - The net profit after deducting non-recurring gains and losses rose by 88.38% to CNY 131,015,272.68 for the first nine months[6]. - Basic and diluted earnings per share increased by 32.35% to CNY 0.45[7]. - Net profit for the first three quarters of 2019 was ¥151,644,318.25, compared to ¥71,503,644.83 in the same period of 2018, representing a 112.3% increase[26]. - The company recorded a total profit of CNY 160,601,713.46 for the first three quarters of 2019, compared to CNY 82,970,622.34 in the same period of 2018, showing a significant increase of about 93%[27]. Assets and Liabilities - Total assets increased by 10.49% to CNY 4,228,931,642.78 compared to the end of the previous year[6]. - Accounts receivable increased by 49.54% to ¥755,141,099.45 due to increased sales[13]. - Other receivables rose by 101.25% to ¥101,755,253.38 primarily due to guarantee deposits[13]. - Prepayments increased by 108.16% to ¥13,056,157.17 as a result of higher customer advance payments[13]. - Long-term borrowings surged by 336.25% to ¥216,600,000.00 due to increased bank loans[13]. - Current liabilities totaled ¥1,511,480,925.26, compared to ¥1,441,629,613.50 in the previous year[20]. - Total liabilities decreased slightly to ¥1,149,443,708.09 in Q3 2019 from ¥1,128,560,491.79 in Q3 2018[24]. Cash Flow - The net cash flow from operating activities decreased by 12.64% to CNY 88,452,450.09 compared to the same period last year[6]. - Net cash flow from investing activities was -¥345,022,832.84, a significant increase from -¥58,718,621.41 in the same period last year[14]. - Net cash flow from financing activities increased by 1,272.50% to ¥200,293,517.57, primarily due to increased cash received from borrowings[14]. - Cash inflow from operating activities for the first nine months of 2019 was ¥1,406,022,580.28, an increase from ¥1,298,722,271.28 in the same period of 2018[35]. - The net cash flow from operating activities for the first three quarters of 2019 was ¥12,285,290.23, recovering from a negative cash flow of -¥34,147,351.95 in the same period of 2018[38]. Revenue and Costs - Total revenue for Q3 2019 reached ¥691,006,565.87, a 32.0% increase compared to ¥523,598,240.93 in Q3 2018[26]. - Total operating costs for Q3 2019 were ¥648,088,174.24, up 30.6% from ¥495,887,387.62 in Q3 2018[26]. - Total revenue for Q3 2019 was CNY 481,890,987.93, compared to CNY 400,953,527.94 in Q3 2018, indicating a year-over-year increase of about 20%[30]. - Operating costs for Q3 2019 were CNY 420,525,792.89, compared to CNY 344,963,281.47 in Q3 2018, reflecting an increase of approximately 22%[30]. Shareholder Information - The total number of shareholders reached 32,047 by the end of the reporting period[11]. - The company reported a government subsidy of CNY 14,649,873.44 for the first nine months, contributing to its financial performance[8]. Research and Development - Research and development expenses for the first three quarters of 2019 were ¥70,899,410.58, an increase of 13.5% from ¥62,529,377.82 in the same period of 2018[26]. - Research and development expenses for Q3 2019 were ¥13,999,603.24, slightly down from ¥14,428,318.62 in Q3 2018, indicating a focus on cost management[31]. Other Financial Metrics - The weighted average return on equity decreased by 1.09 percentage points to 6.13%[7]. - Financial expenses increased by 37.20% to ¥24,889,612.01 due to increased interest expenses from additional borrowings[14]. - The company incurred financial expenses of ¥4,004,274.71 in Q3 2019, up from ¥3,291,055.63 in Q3 2018, primarily due to increased interest expenses[31]. - The company reported a gross profit margin of approximately 6.2% for Q3 2019, compared to 6.3% in Q3 2018[26].