RC(SZ:300596)2019-10-23 16:00Financial Performance - Net profit attributable to shareholders rose by 50.97% to CNY 93,439,246.22 for the reporting period[8] - Operating revenue for the period reached CNY 568,528,111.20, reflecting a growth of 36.41% year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 56.84% to CNY 88,653,284.06[8] - Basic earnings per share increased by 38.19% to CNY 0.4751[8] - The total comprehensive income for the period was ¥95,238,818.39, compared to ¥65,174,391.66 in the previous period, an increase of 46.1%[58] - Net profit for the period was ¥93,638,518.03, up 47.8% from ¥63,334,809.93 in the same period last year[55] - The net profit for the year-to-date period is ¥220.11 million, a significant increase of 45.8% compared to ¥151.01 million in the previous year[72] Assets and Liabilities - Total assets increased by 57.54% to CNY 3,178,242,702 compared to the end of the previous year[8] - Total liabilities amounted to ¥1,281,882,329.82, compared to ¥918,219,511.91, which is an increase of approximately 39.5%[39] - Shareholders' equity rose to ¥1,896,360,372.18 from ¥1,099,170,810.78, representing a growth of about 72.5%[42] - Total current assets increased to ¥1,559,306,121.38 as of September 30, 2019, up from ¥1,172,595,824.55 year-over-year, representing a growth of approximately 33%[37] - Total assets reached ¥3,178,242,702.00, up from ¥2,017,390,322.69, marking an increase of around 57.5%[42] Cash Flow - The company reported a net cash flow from operating activities of -CNY 18,334,118.83, a decline of 127.29%[8] - Cash flow from operating activities showed a net outflow of ¥18,334,118.83, contrasting with a net inflow of ¥67,192,532.50 in the previous period[83] - Net cash flow from operating activities was -CNY 42,868,356.24, compared to a positive CNY 13,501,489.62 in the previous period[94] - Cash outflow from investing activities totaled CNY 116,050,784.15, up from CNY 83,545,740.94 in the previous period[94] - Net cash flow from financing activities was CNY 148,396,848.50, a significant improvement from -CNY 8,093,747.10 in the previous period[97] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,662[12] - The largest shareholder, Tianjin Lianlong Technology Group Co., Ltd., held 15.83% of the shares[12] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 22,929,549.70 during the reporting period[9] - The company reported a 990.89% increase in non-operating income to ¥2,022,220.48, mainly from government subsidies unrelated to operating activities[20] - Cash received from tax refunds rose by 191.57% to ¥61,615,436.31, mainly due to export tax rebates[22] Growth and Strategic Plans - The company aims for sales revenue of ¥5 billion by 2023 and ¥10 billion by 2028 as part of its "2.0 strategic plan"[27] - The company has plans for market expansion and potential mergers and acquisitions to enhance growth opportunities[52] Inventory and Prepayments - Prepayments increased by 184.68% to ¥39,982,681.84, mainly due to advance payments for engineering projects[20] - Inventory rose by 42.65% to ¥633,361,562.64, primarily due to the acquisition of Lianlong Kaiya[20] Financial Expenses - Financial expenses increased by 139.70% to ¥16,884,376.05, primarily due to increased interest expenses from loans[20] - The company’s financial expenses increased to ¥16.88 million, up from ¥7.04 million, indicating a rise of 139.5%[69] Research and Development - Research and development expenses were not specified, but the company continues to invest in new technologies and product development[52] - Research and development expenses increased to ¥14.93 million, up 34.0% from ¥11.12 million in the previous period[63] - Research and development expenses increased to ¥38,384,398.67, up 22.9% from ¥31,207,463.07 in the previous period[78]