Sinosoft(603927)2019-10-29 16:00Financial Performance - Operating revenue for the first nine months was ¥3,512,530,382.63, representing an 18.08% increase compared to the same period last year[13] - Net profit attributable to shareholders of the listed company surged to ¥159,880,784.42, a remarkable increase of 439.25% year-on-year[13] - Basic earnings per share reached ¥0.38, up 375% from ¥0.08 in the same period last year[13] - Operating profit surged by 587.10% year-on-year, amounting to RMB 174,345,938.24, driven by increased software development revenue[20] - Net profit for the period increased by 439.25% year-on-year, reaching RMB 159,880,784.42, reflecting strong business performance[20] - Total operating revenue for Q3 2019 reached ¥1,155,072,399.83, a 30.9% increase from ¥882,725,118.54 in Q3 2018[37] - Net profit for Q3 2019 was ¥29,650,376.81, compared to a net loss of ¥97,579,883.29 in Q3 2018[39] - The company reported a gross profit margin of approximately 2.1% for Q3 2019, compared to a negative margin in Q3 2018[39] - The gross profit margin for Q3 2019 was approximately 20.9%, compared to 6.5% in Q3 2018, indicating improved profitability[44] - The total comprehensive income for Q3 2019 was ¥983.56 million, compared to a loss of ¥107.38 million in the same period last year[46] Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,634,594,780.81, an increase of 10.27% compared to the end of the previous year[13] - The total assets increased significantly, with current assets totaling RMB 4,427,279,310.65, compared to RMB 4,002,965,178.39 at the beginning of the year[25] - Total assets increased to 4,202,905,314.93, representing a growth of approximately 10.3% year-over-year[29] - Current liabilities decreased to 3,004,640,008.67, a reduction of about 6.0%[29] - Total liabilities decreased to 3,011,784,947.18, a reduction of about 5.9%[29] - The total liabilities decreased to ¥2,251,160,762.80 from ¥2,465,644,195.75 year-over-year, reflecting a reduction of 8.7%[36] - The deferred income increased to ¥10,451,064.45 from ¥7,144,938.51, representing a rise of 46.5%[36] Shareholder Information - Net assets attributable to shareholders of the listed company amounted to ¥1,800,356,549.83, reflecting a significant increase of 51.15% year-on-year[13] - The total number of shareholders at the end of the reporting period was 37,600[15] - The top shareholder, the Institute of Software Research, Chinese Academy of Sciences, holds 23.45% of the shares[15] - Shareholders' equity increased to 1,191,120,367.75, representing a growth of approximately 51.1%[29] - Owner's equity increased to ¥1,672,656,706.89, up 52.7% from ¥1,094,404,349.46 in the previous year[36] Cash Flow - The net cash flow from operating activities for the first nine months was -¥803,990,851.93, compared to -¥677,610,639.49 in the previous year[13] - In the first three quarters of 2019, the company generated cash inflows from operating activities totaling ¥2,962,374,856.25, a decrease of 0.87% compared to ¥2,988,455,313.99 in the same period of 2018[49] - The net cash outflow from operating activities for the first three quarters of 2019 was ¥803,990,851.93, worsening from a net outflow of ¥677,610,639.49 in 2018[49] - Cash inflows from sales of goods and services amounted to ¥2,907,214,221.24, slightly down from ¥2,914,277,041.32 in the previous year[49] - The company recorded a significant increase in cash paid to employees, totaling ¥1,960,670,553.84, up from ¥1,540,234,529.59 in 2018, reflecting a 27.3% increase[49] - Cash and cash equivalents at the end of the third quarter of 2019 stood at ¥1,637,876,670.63, down from ¥742,672,852.92 at the end of the same period in 2018[50] - The net cash flow from financing activities for the first three quarters of 2019 was ¥476,090,533.43, compared to a net outflow of ¥133,510,104.00 in 2018[54] - The cash flow from investment activities showed a net outflow of ¥14,724,497.25 in the third quarter of 2019, compared to a net outflow of ¥15,409,902.40 in the same quarter of 2018[51] Research and Development - R&D expenses in Q3 2019 amounted to ¥144,889,871.71, a significant increase of 49.0% from ¥97,186,697.20 in Q3 2018[37] - Research and development expenses for Q3 2019 were ¥130.13 million, up 53.5% from ¥84.88 million in Q3 2018, reflecting a strong commitment to innovation[44] Future Outlook - The company plans to expand its market presence and invest in new technologies to drive future growth[39] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[44]