WTECL(SH:600157)2016-10-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 12.37% to CNY 461.19 million year-on-year[6] - Basic earnings per share decreased by 12.24% to CNY 0.0380[6] - Operating profit for the first nine months of 2016 was ¥651 million, down 7.6% from ¥704 million in the same period last year[43] - Net profit attributable to shareholders for Q3 2016 was ¥223 million, a significant increase of 157.5% compared to ¥86 million in Q3 2015[44] - The company reported a significant increase in investment income, with cash received from investment income amounting to CNY 816,266,426.71, compared to CNY 28,099,106.89 in the previous year[48] - The company's total profit for the first nine months was CNY -224,360,953.86, contrasting with a profit of CNY 162,205,168.87 in the same period last year[46] Assets and Liabilities - Total assets increased by 8.16% to CNY 94.70 billion compared to the end of the previous year[6] - Total liabilities increased to CNY 65.91 billion from CNY 61.57 billion, representing a growth of approximately 5.7% year-over-year[37] - Current liabilities totaled CNY 28.05 billion, up from CNY 27.22 billion, indicating a rise of about 3.1%[37] - Non-current liabilities rose to CNY 37.86 billion from CNY 34.35 billion, reflecting an increase of approximately 7.3%[37] - Total equity increased to CNY 28.79 billion from CNY 25.98 billion, marking a growth of about 10.8%[38] Cash Flow - Net cash flow from operating activities increased by 52.04% to CNY 3.11 billion for the first nine months[6] - Cash flow from operating activities for the first nine months of 2016 was CNY 3,114,207,442.08, an increase of 52% from CNY 2,048,306,943.33 in the previous year[48] - Total cash inflow from financing activities was CNY 31,702,857,875.72, down from CNY 39,015,354,715.72 in the same period last year, indicating a decrease of approximately 18.5%[49] - Cash and cash equivalents at the end of the period totaled CNY 7,216,250,344.16, compared to CNY 5,023,694,813.17 at the end of the same period last year, reflecting an increase of 43.7%[49] Shareholder Information - The total number of shareholders reached 262,345 by the end of the reporting period[9] - The largest shareholder, Yongtai Holdings Group Co., Ltd., holds 32.41% of the shares, with a significant portion pledged[9] - The company’s controlling shareholder reduced its stake by 1,151,102,152 shares, accounting for 9.26% of the total share capital[25] Investment Activities - The company completed the acquisition of a 51% stake in Nanyang Power Plant for a cash amount of CNY 103.58 million[28] - The company plans to invest 580 million CNY to acquire 20% of the shares in a new insurance company, which is currently in preparation[22] - The company received CNY 4,095,000,000.00 from investment recoveries, a significant increase from CNY 302,100,000.00 in the previous year[52] Revenue and Costs - Revenue for the first nine months was CNY 7.63 billion, a slight increase of 0.62% compared to the same period last year[6] - Total operating costs for the first nine months of 2016 were ¥7.58 billion, an increase of 7.4% from ¥7.06 billion in the same period last year[43] - The sales revenue from coal products reached CNY 2,209.64 million, with a gross profit of CNY 1,189.26 million[31] Other Financial Metrics - The weighted average return on equity decreased by 1.00 percentage point to 1.97%[6] - The company reported a profit before tax of ¥407 million for Q3 2016, up 44.6% from ¥282 million in Q3 2015[43] - The company incurred financial expenses of CNY 857,805,722.47 for the first nine months of 2016, a substantial increase from CNY 247,063,330.41 in the same period last year[46]