TBEA(SH:600089)2017-10-27 16:00Financial Performance - Operating revenue for the first nine months was ¥28,126,131,623.41, representing a year-on-year increase of 6.78%[5] - Net profit attributable to shareholders of the listed company for the same period was ¥1,855,795,584.38, up by 5.05% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,726,596,265.54, an increase of 11.31% year-on-year[5] - Basic earnings per share for the period was ¥0.5460, a slight increase of 0.31% compared to ¥0.5443 in the previous year[5] - Total operating revenue for Q3 2017 reached ¥10,099,500,560.98, an increase of 19.99% compared to ¥8,410,931,610.17 in Q3 2016[32] - Net profit attributable to shareholders of the parent company for Q3 2017 was ¥493,431,488.27, down 10.87% from ¥553,475,492.08 in Q3 2016[33] - Total profit for Q3 2017 was ¥678,783,723.58, a decrease of 6.06% from ¥722,643,578.49 in Q3 2016[33] - Operating profit for the first nine months of 2017 was ¥2,663,874,431.99, up 25.19% from ¥2,126,811,255.81 in the same period last year[32] Assets and Liabilities - Total assets at the end of the reporting period reached ¥84,956,265,255.13, an increase of 13.29% compared to the previous year[5] - Total liabilities increased to CNY 51.34 billion from CNY 47.58 billion, representing an increase of approximately 5.5%[26] - Current liabilities increased to 37.16 billion from 35.61 billion, showing a rise in short-term obligations[25] - Long-term borrowings rose to 12.12 billion from 9.68 billion, indicating increased leverage[25] - Total amount of accounts payable increased by 30.27% to CNY 12.11 billion, reflecting a larger procurement scale[11] Shareholder Information - Net assets attributable to shareholders of the listed company amounted to ¥29,020,679,481.77, reflecting a growth of 25.13% year-on-year[5] - The total number of shareholders at the end of the reporting period was 273,190[8] - The largest shareholder, Xinjiang Tebian Electric Group Co., Ltd., held 446,982,637 shares, accounting for 12.02% of the total[8] Cash Flow - Operating cash flow improved to -531.82 million from -790.01 million, an increase of 258.19 million, primarily due to enhanced sales collection management[15] - Investment cash flow decreased to -2.55 billion from -3.77 billion, a reduction of 1.22 billion, mainly due to decreased fixed asset expenditures[16] - Financing cash flow increased by 60.33% to 3.61 billion from 2.25 billion, attributed to successful fundraising and issuance of perpetual bonds[16] - The company's cash and cash equivalents increased to 16.04 billion from 15.82 billion, showing a positive trend in liquidity[23] Receivables and Inventory - Accounts receivable increased by 53.39% to CNY 12.65 billion due to revenue growth and slower customer payments[11] - Other receivables rose by 54.44% to CNY 988.30 million primarily due to increased bidding guarantee deposits[11] - Prepayments increased by 36.87% to CNY 3.10 billion as a result of higher advance payments for equipment and material purchases[11] - Inventory increased to 13.14 billion from 11.49 billion, reflecting higher stock levels[23] Financial Expenses and Impairments - Total financial expenses surged by 101.39% to CNY 651.03 million, driven by increased bank loans and foreign exchange losses[14] - Asset impairment losses increased by 489.44% to CNY 203.30 million due to higher bad debt provisions and increased overdue accounts receivable[14] - The company’s tax and additional charges increased by 87.49% to CNY 270.63 million due to changes in accounting treatment for various taxes[13] Tax and Deferred Liabilities - Deferred income tax liabilities rose by 156.46% to CNY 87.94 million due to temporary differences in tax accounting[12] - The tax expense for Q3 2017 was ¥93,737,560.07, an increase of 20.56% from ¥77,701,090.11 in Q3 2016[33] Other Financial Metrics - The weighted average return on equity decreased to 7.4284%, down by 0.69 percentage points from the previous year[5] - The company reported a comprehensive income total of ¥527,656,195.45 for Q3 2017, compared to ¥650,215,402.29 in Q3 2016[34] - The company reported a total equity of CNY 33.62 billion, up from CNY 27.42 billion, indicating an increase of approximately 22.5%[26]