GREATTOWN(SH:900940)2019-10-24 16:00Financial Performance - Net profit attributable to shareholders increased by 730.22% to CNY 461.87 million for the first nine months[6] - Operating revenue for the first nine months rose by 5.79% to CNY 7.41 billion compared to the same period last year[6] - Basic earnings per share increased by 729.33% to CNY 0.1866[7] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, rising by 2,329.00% to CNY 457.97 million[6] - Total operating revenue for Q3 2019 reached ¥3,016,368,393.58, an increase from ¥2,262,473,494.21 in Q3 2018, representing a growth of approximately 33.3%[29] - Net profit for Q3 2019 was ¥227,011,824.61, a significant recovery from a net loss of ¥206,583,197.90 in Q3 2018[30] - The total comprehensive income attributable to the parent company for Q3 2019 was ¥314,556,832.76, compared to ¥-185,717,018.06 in Q3 2018, marking a significant turnaround[32] - The company's total profit for the first three quarters of 2019 was a loss of ¥90,071,398.58, compared to a loss of ¥304,108,529.73 in the first three quarters of 2018, showing an improvement of approximately 70.4%[34] Assets and Liabilities - Total assets decreased by 5.29% to CNY 45.31 billion compared to the end of the previous year[6] - The company's total liabilities decreased to RMB 31.36 billion from RMB 34.59 billion year-on-year[23] - The company's debt-to-asset ratio was 69.20%, and the debt-to-asset ratio excluding pre-receipts was 45.00%[17] - Total liabilities reached ¥34,589,718,341.67, with current liabilities totaling ¥24,336,556,223.61[45] - The company's total assets were reported at ¥47,842,627,145.52[45] Cash Flow - Net cash flow from operating activities increased by 3.83% to CNY 4.80 billion year-to-date[6] - Operating cash inflow for the first three quarters of 2019 was CNY 11,942,017,493.45, a decrease of 2.53% compared to CNY 12,253,508,963.71 in the same period of 2018[37] - Net cash flow from operating activities in Q3 2019 was CNY 4,799,130,060.25, an increase of 3.84% from CNY 4,622,150,653.60 in Q3 2018[38] - The company reported a net cash outflow from financing activities of CNY -4,419,033,335.54 in Q3 2019, an improvement from CNY -5,165,323,731.38 in Q3 2018[38] Shareholder Information - The total number of shareholders reached 57,204 by the end of the reporting period[11] - The largest shareholder, Mingcheng Enterprise Management Group Co., Ltd., holds 9.52% of the shares, with 235,587,483 shares pledged[11] - The company has a total equity attributable to shareholders of RMB 12.61 billion, up from RMB 12.15 billion year-on-year[24] Financial Standards and Reporting - The company executed a new financial instrument standard starting January 1, 2019, affecting the financial statement format[45] - The financial statement format was revised according to the Ministry of Finance's notification[49] - The company did not require an audit report for this period[49] - No retrospective adjustments were made for the new financial instrument and lease standards[49] Other Financial Metrics - The company's cash and cash equivalents increased by 105% to RMB 3,525,695,303.44 compared to RMB 1,723,776,437.44 at the end of the previous year, primarily due to increased sales revenue[13] - The company achieved a 99% reduction in investment income loss to RMB -3,726,916.37 from RMB -352,681,613.31, mainly due to the disposal of financial assets in the previous period[14] - The company’s intangible assets increased by 81% to RMB 3,169,966.16 from RMB 1,751,565.97, primarily due to the addition of new software[14]