2017-10-30 16:00Financial Performance - Net profit attributable to shareholders decreased by 43.80% to CNY 1.25 billion for the first nine months of the year[8]. - Operating revenue for the first nine months dropped by 32.83% to CNY 7.28 billion compared to the same period last year[8]. - Basic earnings per share fell by 43.80% to CNY 0.3094 for the first nine months[8]. - The weighted average return on equity decreased by 3.00 percentage points to 4.53%[8]. - The company's net profit from continuing operations in the first nine months of 2017 was approximately RMB 1.248 billion, a decrease of about 16.2% year-on-year due to a 40%-60% drop in daily earnings across various foreign trade oil transport vessel types[15]. - Total operating revenue for the first nine months of 2017 was CNY 7,275,509,434.22, a decrease from CNY 10,832,221,787.72 in the same period last year, representing a decline of approximately 32.5%[31]. - Net profit for the first nine months of 2017 was CNY 1,346,524,472.88, down from CNY 2,246,807,295.35 year-on-year, indicating a decline of approximately 40%[34]. - The company reported a total profit of CNY 1,484,948,344.67 for the first nine months, compared to CNY 2,390,379,715.41 in the previous year, indicating a decline of approximately 37.8%[34]. - The company’s total comprehensive income for the first nine months was CNY 838,422,392.91, down from CNY 1,957,971,596.98 year-on-year, representing a decrease of about 57.2%[34]. Cash Flow - Net cash flow from operating activities decreased significantly by 83.82% to CNY 2.42 billion for the first nine months[8]. - Cash flow from operating activities for the first nine months of 2017 was RMB 2.420 billion, representing an 83.82% decrease from RMB 14.950 billion in the same period of 2016[18]. - The cash inflow from operating activities for the first nine months of 2017 was CNY 9,178,628,132.72, down from CNY 24,104,304,755.19 in the same period last year[40]. - The total cash outflow for operating activities was 726,221,733.09 RMB, significantly higher than 242,551,479.40 RMB in the previous year[45]. - The company experienced a decrease in cash flow from operating activities, with total cash inflow of 526,059,608.27 RMB compared to 6,569,010,870.07 RMB last year[45]. - The net cash flow from operating activities for the year-to-date period was -200,162,124.82 RMB, a significant decrease compared to 6,326,459,390.67 RMB in the same period last year[45]. Assets and Liabilities - Total assets increased by 5.01% to CNY 61.23 billion compared to the end of the previous year[8]. - The company's total liabilities reached ¥33.59 billion, up from ¥30.72 billion, which is an increase of around 9.2%[26]. - The total liabilities increased to CNY 7,434,005,646.09 as of the end of the third quarter, up from CNY 6,773,439,978.39 at the beginning of the year, marking an increase of about 9.8%[29]. - Owner's equity totaled ¥27.64 billion, slightly up from ¥27.59 billion, indicating a growth of about 0.2%[26]. - Current assets totaled ¥9.06 billion, slightly up from ¥9.02 billion, indicating a marginal increase of 0.4%[24]. - Non-current assets rose to ¥52.17 billion from ¥49.29 billion, reflecting an increase of about 5.8%[25]. Expenses - Operating costs decreased by 34.39% to RMB 5.399 billion in the first nine months of 2017, down from RMB 8.228 billion in the same period of 2016[17]. - Financial expenses decreased by 40.70% to RMB 553.4 million in the first nine months of 2017, down from RMB 933.2 million in the same period of 2016[17]. - The company recorded a decrease in tax expenses, with CNY 2,929,161.48 for the first nine months of 2017, compared to CNY 25,418,975.89 in the previous year[37]. - Sales expenses for the first nine months of 2017 amounted to CNY 19,378,665.72, a substantial increase from CNY 4,640,548.86 in the previous year[37]. - The company reported a significant increase in management expenses, totaling CNY 47,008,069.71 for the first nine months of 2017, compared to CNY 80,785,860.00 in the previous year[37]. Investment and Financing - The company plans to issue A-shares through a non-public offering, as approved in the board meeting held on October 30, 2017[19]. - Investment income fell by 75.02% to RMB 319.6 million in the first nine months of 2017, compared to RMB 1.279 billion in the same period of 2016[17]. - The company reported a significant increase in cash received from other operating activities, totaling 503,657,816.86 RMB compared to 6,546,474,637.60 RMB last year[44]. - The net cash flow from financing activities was 233,213,756.41 RMB, a recovery from -5,719,435,077.20 RMB in the same period last year[45]. - Cash inflow from financing activities was 1,000,000,000.00 RMB, while cash outflow for debt repayment was 766,786,243.59 RMB[45].