AVICOPTER(SH:600038)2016-10-27 16:00Financial Performance - Net profit attributable to shareholders increased by 5.17% year-on-year, reaching ¥303,711,961.82[6] - Operating revenue for the first nine months was ¥8,256,812,270.64, reflecting a year-on-year increase of 1.89%[6] - Total operating revenue for Q3 2016 was CNY 2,699,873,838.18, an increase of 5.8% compared to CNY 2,551,654,631.35 in the same period last year[22] - Net profit for Q3 2016 reached CNY 128,947,259.55, representing a 26.3% increase from CNY 102,078,243.25 in Q3 2015[23] - The company reported a total profit of CNY 154,066,612.53 for Q3 2016, an increase from CNY 127,766,544.99 in Q3 2015, reflecting a growth of 20.5%[23] - Earnings per share (EPS) for Q3 2016 was CNY 0.2183, compared to CNY 0.1730 in the same quarter last year, marking a 26.2% increase[23] Cash Flow - Cash flow from operating activities showed a net outflow of ¥1,673,837,567.71, worsening by 27.24% compared to the same period last year[6] - Cash flow from operating activities for the first nine months of 2016 was CNY 6,138,256,196.86, an increase from CNY 5,833,233,835.59 in the previous year[28] - The company reported a net cash outflow from operating activities of CNY -1,673,837,567.71 for the first nine months of 2016, worsening from CNY -1,315,466,272.03 in the same period last year[28] - Total cash outflow for operating activities was 49,099,769.05 RMB, down from 325,209,979.77 RMB in the same period last year, showing a reduction in operational expenses[31] - The net cash flow from operating activities showed significant changes, primarily due to increased cash payments for goods purchased and taxes, along with a decrease in receivables[14] Assets and Liabilities - Total assets decreased by 15.00% compared to the end of the previous year, amounting to ¥19,289,933,651.35[6] - Total assets as of September 30, 2016, amounted to CNY 19,289,933,651.35, down from CNY 22,693,368,055.27 at the beginning of the year[18] - Total liabilities decreased from CNY 16,129,735,887.54 at the beginning of the year to CNY 12,346,148,268.39[19] - The company's total equity increased from CNY 6,563,632,167.73 at the beginning of the year to CNY 6,943,785,382.96[19] Shareholder Information - The number of shareholders reached 30,914, with the top ten shareholders holding a combined 75.57% of shares[9] - The company reported a significant increase in minority shareholders' profit due to increased earnings from Jiangxi Changhe Agusta Helicopter Co., Ltd.[13] Operating Costs and Expenses - Operating taxes and surcharges decreased by 71.83% compared to the same period last year, primarily due to a reduction in revenue subject to business tax[13] - Management expenses decreased by 30.72% compared to the same period last year, mainly due to reductions in employee compensation and R&D expenses[13] - Total operating costs for Q3 2016 were CNY 2,547,050,075.37, up from CNY 2,429,765,462.15, reflecting a year-over-year increase of 4.8%[22] Investment and Financing Activities - The net cash flow from investing activities showed significant changes, mainly due to increased cash payments for fixed and intangible asset acquisitions and dividends received from joint ventures[14] - Financing activities generated a net cash inflow of CNY 905,788,378.84 for the first nine months of 2016, up from CNY 292,041,136.75 in the same period last year[29] - Cash outflow from financing activities totaled 150,629,983.95 RMB, compared to 83,870,456.97 RMB in the same period last year, reflecting increased financing costs[32] - The company’s cash flow from financing activities reflects a strategic shift, with a notable increase in cash outflows related to dividend payments and interest[32] Changes in Cash and Cash Equivalents - Cash and cash equivalents decreased by 44.00% compared to the beginning of the year, primarily due to increased procurement payments and cash dividend payments[12] - The ending balance of cash and cash equivalents was 1,054,789,595.14 RMB, down from 1,079,881,005.62 RMB at the end of the same period last year[32] - The company received 4,921,324.95 RMB in tax refunds, significantly higher than 1,606,365.36 RMB received in the same period last year[31] - Cash received from sales of goods and services was 32,722,581.52 RMB, indicating a decrease in revenue generation compared to previous periods[31]