KDXC(SZ:002669)2019-10-25 16:00Financial Performance - Net profit attributable to shareholders increased by 52.08% to CNY 31,503,024.78 for the current period[7] - Operating revenue decreased by 30.09% to CNY 247,882,480.99 compared to the same period last year[7] - Basic earnings per share rose by 45.35% to CNY 0.125[7] - The total comprehensive income attributable to the parent company was CNY 31,503,024.78, up from CNY 20,714,908.07, reflecting a growth of 52.0%[43] - The net profit for the year-to-date period was CNY 89,305,307.67, an increase of 49.5% compared to CNY 59,769,411.10 in the previous year[50] - Net profit for Q3 2019 reached CNY 31.25 million, an increase of 50% compared to CNY 20.73 million in Q3 2018[42] - The net profit for the third quarter was CNY 19,132,453.06, slightly up from CNY 18,906,430.70, representing an increase of 1.2% year-over-year[47] Assets and Liabilities - Total assets increased by 5.10% to CNY 2,375,021,754.35 compared to the end of the previous year[7] - The company’s total liabilities decreased by 76.43% in other payables to ¥11,915,628.18, due to the payment of previously accrued acquisition costs[15] - Total liabilities amounted to CNY 345,943,471.42, with current liabilities at CNY 341,862,253.61[68] - The total owner's equity reached CNY 1,913,831,878.23, with total assets of CNY 2,259,775,349.65[68] - Current assets totaled CNY 1.56 billion, an increase of 12.7% from CNY 1.39 billion at the end of 2018[37] Cash Flow - Net cash flow from operating activities increased significantly by 196.22% to CNY 14,521,518.64[7] - Operating cash flow improved significantly by 257.34% to ¥137,861,888.30, attributed to enhanced collection of accounts receivable[16] - The net cash flow from financing activities increased by 248.71% to ¥22,634,317.36, driven by increased bank borrowings and fundraising[16] - The net cash flow from financing activities was 22,634,317.36 yuan, a recovery from -15,220,681.02 yuan in the previous period[63] - The net cash flow from operating activities was 23,693,548.89 yuan, compared to a negative cash flow of -20,411,251.50 yuan in the previous period[62] Shareholder Information - The total number of shareholders at the end of the reporting period was 19,590[11] - The largest shareholder, Tangshan Jinkong Industrial Incubator Group Co., Ltd., holds 24.99% of the shares[11] - The company repurchased a total of 1,200,211 shares, accounting for 0.4753% of the total share capital, with a total transaction amount of approximately ¥16.03 million[20] Research and Development - Research and development expenses increased by 34.58% to ¥42,533,211.33, reflecting the company's commitment to innovation[15] - Research and development expenses for the third quarter amounted to CNY 7,881,908.98, an increase of 37.6% from CNY 5,727,725.88 in the previous year[45] - Research and development expenses rose to ¥28,717,077.24, an increase of 62.0% from ¥17,738,958.57[54] Investment Activities - The company reported a 63.81% increase in investment income to ¥10,437,237.80 from the transfer of equity interests in associated companies[16] - The company gained investment income of approximately ¥7.56 million from the transfer of equity in an associate company[22] - The company reported a significant increase in investment income, with cash received from investment income amounting to ¥4,151,847.03[58] Future Plans - The company plans to change its name to "Shanghai Kangda Chemical New Materials Group Co., Ltd" as approved by the board and shareholders[17] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[54]