BOW(SZ:300070)2019-10-23 16:00Financial Performance - Operating revenue for the period reached CNY 3.55 billion, representing a 61.94% increase year-on-year[3] - Net profit attributable to shareholders was CNY 336.59 million, up 61.66% from the same period last year[3] - Net profit after deducting non-recurring gains and losses was CNY 353.94 million, an increase of 79.82% year-on-year[3] - Basic earnings per share rose by 61.42% to CNY 0.1067, while diluted earnings per share remained the same[3] - The total operating revenue for the third quarter reached CNY 3,553,885,853.90, a significant increase of 62% compared to CNY 2,194,557,362.73 in the same period last year[33] - Net profit for the quarter was CNY 346,171,107.68, compared to CNY 232,543,372.57 in the previous year, representing a growth of approximately 49%[34] - The net profit attributable to the parent company for the year-to-date was CNY 362,360,283.44, down from CNY 573,314,256.27 in the previous year, indicating a decline of 36.7%[41] Cash Flow - Cash flow from operating activities increased by 210.67% to CNY 1.24 billion year-to-date[3] - The net cash flow from operating activities improved to CNY 123.79 million from a negative CNY 1,118.58 million in the same period last year, reflecting better risk control and collection efforts[16] - The cash flow from operating activities for the current period is CNY 1,237,880,815.55, a significant improvement from a negative cash flow of CNY -1,118,583,699.85 in the previous period[47] - The net cash flow from operating activities for Q3 2019 was -188,481,963.81 CNY, compared to -1,081,511,574.45 CNY in Q3 2018, indicating an improvement in operational cash flow[49] Assets and Liabilities - Total assets increased by 10.73% to CNY 62.77 billion compared to the end of the previous year[3] - The company's long-term borrowings increased by CNY 4,907.44 million, a 61.01% increase, due to new borrowings for project financing during the reporting period[12] - The company's total liabilities due within one year surged by CNY 3,490.00 million, an increase of 4262.50%, primarily due to the reclassification of long-term borrowings and bonds payable[12] - Total liabilities reached CNY 40.78 billion, compared to CNY 34.84 billion, an increase of 17.0%[27] - Current liabilities totaled CNY 24.00 billion, an increase from CNY 20.59 billion, reflecting a rise of 11.7%[27] - The company's total current assets amounted to approximately ¥20.39 billion, an increase from ¥18.67 billion at the end of the previous year[25] Shareholder Information - The company reported a total of 86,449 shareholders at the end of the reporting period[7] - The top shareholder, Wen Jianping, holds 17.00% of the shares, totaling 538,099,975 shares[7] - The controlling shareholder and other shareholders signed a share transfer agreement to transfer a total of 320,762,323 shares to China Urban Holdings for a total consideration of approximately ¥2.87 billion[17] Expenses - Operating costs increased by CNY 1,133.54 million, a 27.91% increase, corresponding to the rise in revenue[14] - The company's management expenses increased by CNY 137.43 million, a 44.56% increase, primarily due to rising employee compensation[14] - Research and development expenses were CNY 58,933,698.47, slightly down from CNY 59,560,214.55, indicating a decrease of about 1%[33] - The company incurred research and development expenses of CNY 27,752,944.29, down from CNY 47,993,738.14 in the previous period[43] Investments - The company reported an investment amount of ¥133.25 million for 8 PPP projects, with a total of ¥579.04 million completed in the current period[22] - The company has ongoing investments in intangible assets amounting to CNY 26.29 billion, reflecting its focus on technology and innovation[52] Market Position and Future Plans - The company plans to expand its market presence and invest in new technologies to enhance its competitive edge in the industry[34]