PIESAT(SH:688066)2019-10-30 16:00Financial Performance - Operating revenue for the first nine months reached CNY 278,065,937.12, a significant increase of 224.39% year-on-year[19] - Net profit attributable to shareholders was CNY 2,200,040.45, a turnaround from a loss of CNY 69,599,322.69 in the same period last year, representing a 103.16% increase[19] - Basic earnings per share improved to CNY 0.02 from a loss of CNY 0.56 per share in the previous year[21] - The company reported a significant increase in operating revenue, reaching CNY 278,065,937.12 for the first nine months of 2019, a 224.39% increase compared to CNY 85,719,209.53 in the same period of 2018[33] - The company's net profit for the same period was CNY 2,094,590.25, reflecting a 102.97% increase from a net loss of CNY 70,587,357.96 in the previous year[35] - Total revenue for Q3 2019 was CNY 155,017,753.62, a substantial increase from CNY 53,515,683.57 in Q3 2018, representing a growth of approximately 189.5%[66] - Net profit for Q3 2019 was ¥31,189,526.13, a recovery from a net loss of ¥18,019,373.16 in Q3 2018[59] - The company reported a net profit attributable to shareholders of the parent company of CNY 31,236,558.61 for Q3 2019, compared to a net loss of CNY 17,686,912.07 in Q3 2018, marking a significant turnaround[64] - The company reported a net profit of CNY 33,972,445.52 for Q3 2019, compared to a net loss of CNY 12,554,159.85 in the same period last year, indicating a strong recovery[70] Assets and Liabilities - Total assets increased by 86.90% to CNY 1,458,135,587.77 compared to the end of the previous year[19] - The total assets of the company reached CNY 1,458,135,587.77, compared to CNY 780,151,869.32 in the previous year, indicating an increase of approximately 86.9%[49] - The total current assets amounted to CNY 1,402,148,435.71, a significant increase from CNY 729,329,497.86 in the previous year, representing an increase of approximately 92.2%[44] - The total liabilities of the company were CNY 334,644,960.27, compared to CNY 300,658,796.22 in the previous year, showing an increase of approximately 11.3%[47] - The company's total liabilities reached ¥331,706,035.96 in Q3 2019, up from ¥292,270,149.83 in Q3 2018, which is an increase of approximately 13.5%[55] Shareholder Information - The number of shareholders at the end of the reporting period was 16,522, with the largest shareholder holding 20.94% of the shares[26] - The total equity attributable to shareholders reached CNY 1,122,556,474.18, a substantial increase from CNY 478,553,469.58, representing a growth of about 134.0%[49] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 184,502,762.98, worsening by 52.15% compared to the previous year[19] - Cash inflow from operating activities for the first three quarters of 2019 was CNY 250,013,720.78, up from CNY 157,397,565.83 in the same period of 2018, representing a year-over-year increase of approximately 58.7%[77] - The net cash outflow from operating activities for the first three quarters of 2019 was CNY -184,502,762.98, compared to CNY -121,259,784.66 in 2018, indicating a worsening of approximately 52.1%[77] - The company reported a total cash outflow from operating activities of CNY 434,516,483.76, which is an increase from CNY 278,657,350.49 in the previous year, reflecting a rise of approximately 55.9%[77] Research and Development - The company’s R&D expenses increased by 85.45% to CNY 60,737,530.89, reflecting a rise in research investment[35] - Research and development expenses for Q3 2019 amounted to ¥21,152,949.83, compared to ¥17,528,244.69 in Q3 2018, showing an increase of about 20.0%[59] - Research and development expenses increased to CNY 17,256,910.10 in Q3 2019 from CNY 11,302,503.73 in Q3 2018, reflecting the company's commitment to innovation[70] Future Outlook - The company plans to continue expanding its market presence and invest in new technologies and products to drive future growth[19] - Future outlook includes continued investment in R&D and potential market expansion strategies, although specific plans were not detailed in the provided documents[66]