ZHmag(SZ:300224)2019-10-14 16:00Financial Performance - Operating revenue for the reporting period was CNY 447,049,869.87, an increase of 19.17% year-on-year [11]. - Net profit attributable to shareholders was CNY 35,496,909.67, representing a growth of 57.07% compared to the same period last year [11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 33,789,538.89, up 53.81% year-on-year [11]. - Basic earnings per share for the reporting period were CNY 0.04, an increase of 33.33% compared to the same period last year [11]. - The weighted average return on net assets was 1.34%, an increase of 0.53 percentage points compared to the previous year [11]. - The company reported a significant increase in construction in progress by 228.22% to ¥109,313,665.13, reflecting higher project payments [23]. - The company reported a decrease in other income by 30.37% to ¥4,738,941.87, mainly due to reduced government subsidies [25]. - The total comprehensive income for Q3 2019 was CNY 36,807,260.22, compared to CNY 21,601,080.00 in the same quarter last year, marking a growth of 70.4% [58]. - The net profit for Q3 2019 reached CNY 36,815,111.54, up 71.2% from CNY 21,515,666.14 in Q3 2018 [56]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,740,737,672.43, a decrease of 0.24% compared to the end of the previous year [11]. - Total current assets decreased from CNY 2,849,912,245.19 to CNY 2,742,219,100.24, a decline of approximately 3.77% [42]. - Total non-current assets increased from CNY 899,715,292.08 to CNY 998,518,572.19, an increase of approximately 11.73% [42]. - Total liabilities decreased from CNY 1,047,234,497.72 to CNY 1,039,705,124.39, a decline of approximately 0.23% [44]. - The company's equity attributable to shareholders increased from CNY 2,650,777,632.74 to CNY 2,656,675,222.16, an increase of about 0.22% [46]. - Total liabilities as of Q3 2019 amounted to CNY 829,695,681.24, compared to CNY 624,668,970.08 in the same period last year, reflecting a growth of 32.8% [53]. - The total amount of accounts payable was CNY 133,972,068.98, and notes payable amounted to CNY 432,681,355.48 [95]. Cash Flow - Cash flow from operating activities for the year-to-date was CNY 59,191,739.95, a decrease of 38.18% compared to the same period last year [11]. - The net cash flow from operating activities decreased by 38.18% to ¥59,191,739.95, mainly due to reduced tax refunds and increased cash payments to employees [28]. - The cash flow from sales of goods and services reached ¥1,061,882,808.24, an increase of 30.9% compared to ¥810,394,035.80 in the previous year [82]. - The total cash inflow from operating activities was ¥1,461,265,415.93, compared to ¥1,252,579,772.88 in the previous period, reflecting a growth of 16.7% [78]. - The cash flow from operating activities amounted to ¥59,191,739.95, a decrease of 38.0% from ¥95,742,137.06 in the previous period [78]. Shareholder Information - The total number of shareholders at the end of the reporting period was 49,413 [15]. - The largest shareholder, Zhenghai Group Co., Ltd., held 51.08% of the shares, totaling 418,943,148 shares [15]. - As of September 30, 2019, the company repurchased 12,471,379 shares, accounting for 1.52% of total equity, with a total expenditure of ¥82,884,581.59 [32]. Research and Development - Research and development expenses increased to CNY 33,591,272.10, a rise of 53.6% compared to CNY 21,890,559.13 in the previous year [54]. - Research and development expenses increased significantly to ¥21,491,878.96, up 82.5% from ¥11,788,469.29 in the previous year [61]. - Research and development expenses rose to ¥52,331,679.00, a 54.8% increase from ¥33,798,214.64 in the previous period, indicating a strong focus on innovation [71]. Government Subsidies - The company received government subsidies amounting to CNY 4,817,077.46 during the reporting period [11]. - The company’s other income decreased by 30.37% to ¥4,738,941.87, mainly due to reduced government subsidies [25].