SIPG(SH:600018)2016-10-28 16:00Financial Performance - Operating revenue for the first nine months rose by 2.22% to CNY 22.81 billion year-on-year[6] - Net profit attributable to shareholders decreased by 12.52% to CNY 3.96 billion compared to the same period last year[6] - Basic earnings per share fell by 13.39% to CNY 0.1708 per share[6] - The weighted average return on net assets decreased by 1.48 percentage points to 6.60%[6] - Total revenue for Q3 2016 was approximately ¥7.40 billion, a decrease of 1.96% compared to ¥7.54 billion in Q3 2015[26] - Net profit for Q3 2016 was approximately ¥1.29 billion, a decrease of 27.00% compared to ¥1.77 billion in Q3 2015[26] - Operating profit for the first nine months of 2016 was approximately ¥5.67 billion, down 9.85% from ¥6.29 billion in the same period of 2015[26] - Total comprehensive income for the first nine months of 2016 was CNY 4,695,963,968.11, compared to CNY 5,514,556,034.01 in the previous year, representing a decline of approximately 14.9%[30] - The total profit for the first nine months was CNY 4,100,000,941.57, down from CNY 5,262,175,780.27 in the previous year, reflecting a decrease of approximately 22.0%[30] Cash Flow - Net cash flow from operating activities dropped significantly by 60.28% to CNY 2.75 billion year-to-date[6] - The company reported a net cash flow from operating activities of CNY 2.75 billion, a decrease of 60.28% compared to the previous period[13] - Operating cash inflow for the period (January to September) was CNY 22,977,372,982.49, a decrease of 8.3% compared to CNY 25,022,103,217.45 in the same period last year[33] - Net cash flow from operating activities was CNY 2,751,996,575.04, down 60.3% from CNY 6,928,192,931.44 year-on-year[34] - Total cash outflow from investment activities reached CNY 15,334,969,086.13, significantly higher than CNY 3,556,921,837.32 in the previous year[34] - Net cash flow from financing activities was CNY 15,792,026,610.21, compared to a negative cash flow of CNY -3,608,190,549.64 in the same period last year[34] - The company raised CNY 29,836,426,000.00 in borrowings, a substantial increase from CNY 7,352,632,600.00 in the previous year[34] Assets and Liabilities - Total assets increased by 19.21% to CNY 117.44 billion compared to the end of the previous year[6] - Current assets totaled CNY 24.58 billion, up from CNY 18.99 billion, indicating a growth of about 29.4%[21] - Total liabilities amounted to CNY 50.26 billion, compared to CNY 31.37 billion at the start of the year, marking an increase of approximately 60.2%[22] - Long-term investments in equity increased significantly to CNY 35.09 billion from CNY 20.09 billion, representing a growth of approximately 74.7%[21] - Short-term borrowings surged to CNY 23.33 billion from CNY 3.50 billion, reflecting a significant increase of 570.4%[22] Shareholder Information - The total number of shareholders reached 282,110 by the end of the reporting period[8] - The largest shareholder, Shanghai State-owned Assets Supervision and Administration Commission, holds 31.36% of shares[8] Government Support and Subsidies - The company received government subsidies amounting to CNY 179.36 million year-to-date, closely related to its normal business operations[7] Investment Activities - The company participated as a cornerstone investor in the Postal Savings Bank of China’s IPO, committing up to USD 2.4 billion (equivalent in HKD) for a stake of 4.15% to 4.99%[13] - The net cash flow from investing activities was CNY -14.47 billion, a significant increase of 388.69% in outflows due to investments in the IPO[13] Other Financial Metrics - Non-recurring gains and losses totaled CNY 176.08 million for the third quarter[7] - The company incurred financial expenses of CNY 537,046,228.73 for the first nine months, down from CNY 593,121,751.40 in the previous year, a decrease of about 9.5%[30] - The company reported a decrease in operating costs to CNY 2,034,954,129.40 from CNY 2,054,122,488.62 in the previous year, a reduction of about 0.9%[30]