HAERS(SZ:002615)2019-10-28 16:00Financial Performance - Net profit attributable to shareholders reached ¥37,327,275.66, reflecting a growth of 15.35% year-on-year[9] - Operating revenue for the period was ¥491,218,762.43, up by 5.19% compared to the same period last year[9] - Basic earnings per share were reported at ¥0.09, an increase of 12.50% from the previous year[9] - The net profit after deducting non-recurring gains and losses was ¥45,342,158.96, an increase of 8.53%[9] - The company reported a net profit of CNY 51,748,428.33 for Q3 2019, compared to CNY 47,581,539.37 in the same quarter last year, an increase of 8.3%[38] - The net profit for Q3 2019 reached CNY 35,806,503.19, representing a 15.5% increase from CNY 30,949,277.80 in Q3 2018[40] - Net profit for the current period is ¥87,070,637.03, up from ¥77,573,801.54, marking a growth of around 12.3%[47] Assets and Liabilities - Total assets increased to ¥2,173,324,468.84, a rise of 22.09% compared to the previous year[9] - The company's total assets as of September 30, 2019, reached CNY 2,108,552,034.85, up from CNY 1,612,864,066.55 at the end of 2018, representing a growth of 30.6%[34] - Total liabilities increased to CNY 958,876,247.84 from CNY 612,627,846.27, indicating a rise of 56.5%[36] - Current liabilities reached CNY 801,065,729.55, while total liabilities were CNY 951,528,097.34[62] - The company's equity totaled CNY 828,624,991.07, with a capital reserve of CNY 35,732,427.19 and undistributed profits of CNY 295,649,659.25[63] - Total equity reached CNY 1,000,236,220.28 as of Q3 2019[67] Cash Flow - The net cash flow from operating activities surged to ¥67,734,439.80, marking a significant increase of 96.43%[9] - Net cash flow from operating activities increased by 168.49% year-on-year, driven by increased cash received from sales and reduced tax payments[17] - Operating cash inflow for the current period was CNY 1,389,562,399.24, an increase of 4.3% from CNY 1,331,503,039.27 in the previous period[53] - Net cash flow from operating activities was CNY 51,595,466.03, a significant recovery from a negative CNY 75,331,206.56 in the previous period[54] - Cash inflow from financing activities was CNY 854,301,933.61, compared to CNY 358,056,962.12 in the previous period, leading to a net cash flow of CNY 321,385,056.88[55] Shareholder Information - The total number of shareholders at the end of the reporting period was 23,281[13] - The largest shareholder, Lü Qiang, holds 51.51% of the shares, with a total of 211,411,582 shares[13] Expenses - Financial expenses increased by 113.98% year-on-year, primarily due to increased interest expenses from short-term borrowings[17] - Research and development expenses increased to CNY 17,426,236.95, compared to CNY 12,241,145.97 in the previous year, marking a rise of 42.3%[38] - Research and development expenses rose to ¥43,952,674.60 from ¥38,514,365.95, showing an increase of approximately 14.1%[46] - The company reported a decrease in sales expenses to CNY 21,603,996.35 from CNY 25,904,260.24 in the previous year, reflecting cost control efforts[42] Other Income and Comprehensive Income - The company reported a government subsidy income of ¥3,342,152.10 during the period[10] - Other income increased by 103.81% year-on-year, mainly due to an increase in government subsidies received[17] - Total comprehensive income for the current period is ¥84,945,255.27, compared to ¥68,748,294.77 in the previous period, reflecting an increase of about 23.5%[48] Market Strategy - The company plans to continue expanding its market presence and investing in new product development to drive future growth[38]