Eurocrane(SH:603966)2019-10-28 16:00Financial Performance - Operating revenue for the first nine months rose by 52.64% to RMB 785,493,112.69 compared to the same period last year[5]. - Net profit attributable to shareholders increased by 63.11% to RMB 77,524,760.18 for the first nine months[5]. - Basic earnings per share increased by 64.30% to RMB 0.3710[5]. - The company reported a net profit excluding non-recurring items of RMB 69,333,426.05, up 58.35% year-on-year[5]. - Total operating revenue for Q3 2019 reached ¥340,770,478.40, a significant increase of 79.9% compared to ¥189,409,265.45 in Q3 2018[23]. - Net profit for the first three quarters of 2019 was ¥89,793,159.98, compared to ¥52,493,957.28 in the same period of 2018, reflecting a growth of 71.1%[23]. - The company reported a total profit of ¥31,836,511.81 for Q3 2019, an increase from ¥21,659,749.96 in Q3 2018, representing a growth of about 47.2%[28]. - Total comprehensive income for Q3 2019 was ¥39,362,132.00, compared to ¥21,725,651.90 in Q3 2018, showing a growth of approximately 81.0%[26]. Cash Flow - Cash flow from operating activities surged by 149.61% to RMB 143,284,590.75 year-to-date[5]. - The company’s net cash flow from operating activities increased by 149.61%, amounting to ¥143,284,590.75, compared to ¥57,403,186.18 in the previous year[11]. - Operating cash flow for the first nine months of 2019 was ¥143,284,590.75, compared to ¥57,403,186.18 in the same period of 2018, showing a substantial increase of approximately 149.5%[31]. - Cash inflow from financing activities was CNY 30,000,000.00, compared to CNY 15,995,860.00 in the same period last year, reflecting an increase of 87.5%[34]. - The company incurred financial expenses of ¥617,171.05 in Q3 2019, a decrease from a financial income of ¥3,876,613.46 in Q3 2018[28]. Assets and Liabilities - Total assets increased by 30.05% year-on-year, reaching RMB 2,392,419,380.55[5]. - The company’s total liabilities increased significantly, with accounts payable rising to ¥276,291,140.41, a 523.11% increase from ¥44,341,005.51[10]. - Total liabilities increased to RMB 1,404,288,024.03 from RMB 956,990,628.39, reflecting a rise of approximately 46.7%[19]. - The company's equity attributable to shareholders reached RMB 962,820,389.98, up from RMB 882,673,843.29, marking an increase of about 9.1%[19]. - Total assets amounted to ¥1,718,088,259.37, representing a growth of 25.1% from ¥1,372,750,018.82 at the end of 2018[21]. - Total liabilities increased to ¥835,587,115.97, up 56.1% from ¥535,620,480.12 at the end of 2018[22]. Acquisitions and Investments - The company completed the acquisition of 75% equity in Hangzhou Guodian Dali Electromechanical Engineering Co., Ltd. for a total consideration of ¥188.10 million[11]. - The company’s goodwill increased by 32.92%, reaching ¥462,660,885.22, up from ¥348,062,045.68, attributed to the acquisition of subsidiaries[11]. - The acquisition of 100% equity in Austrian companies RVH and RVB in December 2018 is expected to contribute to a net profit increase of over 50% in 2019 compared to 2018[13]. - The company is focusing on market expansion and new technology development following the acquisitions made in 2018 and 2019[13]. Expenses - The company’s management expenses rose by 57.62%, totaling ¥42,815,227.67, compared to ¥27,164,209.50 in the previous period, mainly due to the consolidation of Voithcrane[11]. - The company reported a 148.59% increase in income tax expenses, amounting to ¥21,789,755.38, compared to ¥8,765,299.05 from the previous year[11]. - R&D expenses for Q3 2019 totaled ¥6,331,260.08, compared to ¥6,114,011.16 in Q3 2018, marking an increase of about 3.6%[24]. - R&D expenses for Q3 2019 amounted to ¥4,913,631.21, a significant increase from ¥991,813.53 in Q3 2018[28]. Shareholder Information - The total number of shareholders at the end of the reporting period was not specified, but the report includes details on the top ten shareholders[8]. - The company paid ¥158,814,193.15 in employee compensation during the first nine months of 2019, compared to ¥66,048,325.34 in the same period of 2018, indicating a significant increase of about 140.3%[31].