TFME(SZ:002156)2019-10-29 16:00Financial Performance - Operating revenue for the reporting period was ¥2,467,276,167.42, representing a year-on-year increase of 23.26%[3] - Net profit attributable to shareholders was ¥50,310,131.62, a decrease of 15.82% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥26,735,969.48, down 46.88% year-on-year[3] - Basic earnings per share were ¥0.04, down 20.00% year-on-year[3] - The company reported a net profit of -¥15,182,849.82 for the third quarter, a decrease of 108.44% compared to ¥179,910,295.61 in the previous year, due to comprehensive impacts from various income, costs, and expenses[13] - The company reported a decrease in undistributed profits to ¥927,383,889.69 from ¥998,555,034.84, a decline of 7.1%[24] - The company achieved a net profit margin of approximately 4.5% for the third quarter, compared to 2.4% in the previous year, indicating improved profitability[34] Assets and Liabilities - Total assets at the end of the reporting period reached ¥15,723,640,177.18, an increase of 12.57% compared to the end of the previous year[3] - Total liabilities as of September 30, 2019, were ¥9,257,733,019.99, which is an increase of 24% from ¥7,465,778,978.76 at the end of 2018[24] - The company's total assets reached ¥15,723,640,177.18, up from ¥13,968,377,342.51, indicating a growth of 12.6%[24] - The equity attributable to shareholders of the parent company was ¥6,081,296,138.50, a slight decrease from ¥6,134,345,314.38[24] - Long-term borrowings increased to ¥478,399,551.87 from ¥360,799,551.87, reflecting a growth of 32.6%[23] - Total current assets amounted to CNY 4,794,437,741.54, with cash and cash equivalents at CNY 1,372,833,789.23[49] Cash Flow - The net cash flow from operating activities was -¥38,770,014.38, a decline of 116.12% compared to the previous year[3] - Net cash flow from operating activities increased by 81.87% to ¥735,367,872.21, influenced by higher sales and government subsidies[14] - The company received cash from financing activities amounting to ¥1,312,445,342.81, a 41.86% increase, driven by bank loans and domestic credit discounting[15] - Cash inflow from operating activities was CNY 5,343,727,771.31, an increase from CNY 4,775,210,986.47 in the previous year[41] - The net increase in cash and cash equivalents for the period was CNY 154,842,657.95, contrasting with a decrease of CNY 282,222,542.70 in the previous year[43] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 65,206[6] - The largest shareholder, Nantong Huada Microelectronics Group Co., Ltd., held 28.35% of the shares[6] - The company completed a share buyback of 5,920,092 shares, accounting for 0.51% of total share capital, with a total expenditure of ¥49,900,111.60[16] Research and Development - Research and development expenses for Q3 2019 were CNY 208,461,469.16, significantly higher than CNY 123,967,910.65 in the previous year, marking an increase of 68.1%[29] - The company plans to continue investing in R&D to enhance its product offerings and maintain competitive advantage in the market[33] Financial Expenses - The company reported a significant increase in financial expenses, which rose to ¥154,527,797.29 from ¥43,105,780.37, primarily due to higher interest expenses[35] - The financial expenses for the quarter were CNY 109,890,040.22, an increase from CNY 61,472,401.50 in the same period last year[39] Inventory and Accounts Receivable - Accounts receivable increased by 83.85% year-on-year, reaching ¥88,834,856.05, primarily due to an increase in bank acceptance bills from customers[11] - Inventory levels rose to ¥1,692,449,763.22, compared to ¥1,330,295,297.97, marking a significant increase of 27.3%[21] - Accounts receivable increased to ¥2,069,056,670.20, a rise of 24% compared to ¥1,669,881,264.52 in the previous year[21]