Huasun(SZ:000790)2019-10-23 16:00Financial Performance - Net profit attributable to shareholders was ¥16,136,932.63, representing a significant increase of 155.60% year-on-year[7]. - Operating revenue for the period was ¥181,901,199.62, reflecting an 8.89% increase compared to the same period last year[7]. - Basic earnings per share were ¥0.0262, up 156.86% from the previous year[7]. - The company reported a net profit of ¥52,991,308.82 for the year-to-date, an increase of 234.66% compared to the same period last year[7]. - Operating profit increased by CNY 39.64 million, a growth of 157.31%, driven by a 21.70% increase in sales volume and a 1.07 percentage point increase in gross profit margin[15]. - The company reported a significant increase in accounts receivable, which rose to ¥138,357,015.89 from ¥109,629,032.84, an increase of 26.2%[34]. - The company achieved a profit before tax of CNY 16,805,291.42, a turnaround from a loss of CNY 4,152,381.58 in the same period last year[43]. - The total comprehensive income for the period was CNY 52,991,308.82, compared to CNY 15,834,479.61 in the same quarter last year[51]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,132,480,403.67, an increase of 4.46% compared to the previous year[7]. - Total liabilities as of September 30, 2019, amounted to CNY 260.75 million, compared to CNY 248.55 million at the end of 2018[31]. - The company's total liabilities decreased to ¥132,344,551.84 from ¥147,216,104.95 year-over-year, indicating improved financial stability[36]. - The company's total equity increased to ¥919,298,344.54 from ¥885,291,569.44, showing a growth of 3.8%[37]. - The company’s total current assets were CNY 687,132,554.84[67]. - Non-current assets totaled CNY 345,375,119.55[67]. Cash Flow - Net cash flow from operating activities for the year-to-date was ¥19,939,861.22, down 26.49% year-on-year[7]. - Net cash flow from investment activities increased by CNY 45.69 million, mainly due to reduced cash payments for fixed assets and other long-term assets compared to the previous year[15]. - The cash flow from operating activities generated a net amount of CNY 19,939,861.22, down from CNY 27,126,981.39 in Q3 2018[55]. - The net cash flow from operating activities was negative at CNY -24,755,202.56, worsening from CNY -17,344,705.08 in the previous period[57]. - The total cash inflow from operating activities was CNY 523,113,374.85, slightly down from CNY 535,435,480.31 in the same quarter last year[55]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 43,578[11]. - The largest shareholder, Sichuan Huashen Group, held 18.08% of the shares, amounting to 111,431,281 shares[11]. Research and Development - Research and development expenses for Q3 2019 were ¥1,905,757.21, a decrease of 84.4% compared to ¥12,212,708.56 in Q3 2018[39]. - Research and development expenses decreased to CNY 584,641.04 from CNY 7,616,896.60 year-over-year, indicating a strategic shift in R&D investment[43]. - Research and development expenses decreased to CNY 5,844,318.32 from CNY 9,165,305.81 year-over-year, indicating a reduction of approximately 36.5%[51]. Other Financial Metrics - The weighted average return on net assets was 1.91%, an increase of 1.17% compared to the previous year[7]. - Cash and cash equivalents decreased to ¥282,926,986.71 from ¥315,126,829.30, reflecting a reduction of 10.2%[34]. - Inventory levels increased to ¥63,688,767.33, up from ¥55,338,061.45, marking a rise of 15.5%[34]. - The total operating costs for the quarter were CNY 40,407,214.26, down from CNY 48,066,884.18 year-over-year[43]. - Sales expenses were reduced to CNY 38,195,369.41 from CNY 59,024,081.56, reflecting cost control measures[43].