DQHK(SZ:000985)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 665.38% to CNY 27,440,334.03 for the reporting period [7]. - Operating revenue reached CNY 601,385,645.22, a significant increase of 230.06% year-on-year [18]. - Basic earnings per share rose by 657.89% to CNY 0.212 [7]. - The company expects a net profit of approximately CNY 49 million to CNY 58 million for the fiscal year 2019, representing a year-on-year increase of 1,801.39% to 2,113.89% [21]. - Basic earnings per share are projected to be between CNY 0.38 and CNY 0.45, indicating a growth of 2,000.00% to 2,350.00% compared to the previous year [21]. - Operating profit for the quarter was ¥56,211,952.23, a turnaround from a loss of ¥9,321,977.71 in the same quarter last year [36]. - Net profit for the third quarter was ¥54,182,144.89, compared to a net loss of ¥9,283,972.65 in the same period last year, marking a substantial recovery [36]. - Basic and diluted earnings per share for the third quarter were 0.418, compared to -0.072 in the same period last year [37]. Revenue and Cash Flow - The net cash flow from operating activities was CNY 140,393,778.82, up 188.86% compared to the same period last year [20]. - Cash received from sales of goods and services increased by 44.99% to CNY 1,933,401,957.03 [20]. - Total cash inflow from operating activities was ¥1,942,198,107.42, up from ¥1,343,404,246.08 in the previous year [37]. - Cash outflow for operating activities was ¥1,801,804,328.60, compared to ¥1,294,802,218.07 in the same period last year [38]. - The company received tax refunds amounting to ¥2,097,222.35 during the reporting period [37]. Assets and Liabilities - Total assets increased by 9.82% to CNY 760,508,375.73 compared to the end of the previous year [7]. - The company’s total net assets attributable to shareholders increased by 10.98% to CNY 584,008,978.27 compared to the end of the previous year [7]. - Current assets increased to CNY 336.92 million from CNY 253.15 million year-on-year [28]. - Total liabilities increased slightly to CNY 176.50 million from CNY 166.27 million at the end of the previous year [30]. - The company's equity attributable to shareholders rose to CNY 584.01 million from CNY 526.24 million, indicating a healthy growth in shareholder value [30]. Operating Costs and Efficiency - The company reported a 220.36% increase in operating costs, totaling CNY 537,987,878.50, primarily due to increased production and sales volumes [18]. - The company has optimized resource allocation and improved production efficiency, contributing to stable production operations and good sales performance [24]. - Total operating costs amounted to ¥1,628,675,904.79, compared to ¥1,137,054,425.96 in the previous year, indicating an increase of about 43% [35]. Research and Development - Research and development expenses increased to ¥7,816,067.23 from ¥6,308,755.55, reflecting a growth of approximately 24% year-over-year [35]. Financial Strategy - The company has not engaged in any securities investments or derivative investments during the reporting period, maintaining a conservative financial strategy [24]. - The company did not distribute dividends or pay interest during the third quarter, resulting in a net cash flow from financing activities of ¥0.00 [38]. Other Financial Metrics - The company reported an asset impairment loss of ¥2,041,280.54, compared to a loss of ¥1,216,198.30 in the same period last year [35]. - Tax expenses for the quarter were ¥2,207,169.38, with no tax expenses reported in the same quarter last year [36]. - Other income for the quarter was recorded at ¥1,508,480.00, up from ¥1,348,112.70 in the previous year [35].