TCKG(SH:600112)2017-10-25 16:00Financial Performance - Operating revenue for the first nine months rose by 15.75% to CNY 478,261,117.46 year-on-year[5] - Net profit attributable to shareholders increased by 206.03% to CNY 16,794,898.65 compared to the same period last year[5] - Basic earnings per share reached CNY 0.0330, up 205.56% from CNY 0.0108 in the previous year[6] - The weighted average return on net assets improved to 1.4458%, an increase of 0.9736 percentage points[6] - Year-to-date operating revenue reached CNY 478,261,117.46, an increase of 15.8% from CNY 413,196,631.35 in the same period last year[23] - The company reported a net loss of CNY 15,385,700.67 for Q3 2017, compared to a loss of CNY 2,267,998.83 in Q3 2016[23] - Year-to-date net profit was CNY 12,611,273.94, a decrease from CNY 3,340,822.79 in the same period last year[23] - The total comprehensive income for the third quarter was -11,941,457.65, compared to CNY 29,671,666.76 in the previous year, showing a substantial decrease[26] - The total profit (loss) before tax for the third quarter was -22,049,933.96, compared to -12,140,466.20 in the same quarter last year[28] Cash Flow - The net cash flow from operating activities was negative at CNY -14,135,020.79, compared to a positive CNY 6,933,148.25 in the previous year[5] - Cash flow from operating activities showed a significant decline of 303.88%, dropping from CNY 6,933,148.25 to CNY -14,135,020.79 due to increased raw material purchases[12] - Operating cash inflow for the first nine months of 2017 was CNY 650,365,838.28, an increase of 31.2% compared to CNY 495,458,338.42 in the same period last year[30] - Total cash outflow from operating activities was CNY 664,500,859.07, an increase from CNY 488,525,190.17 year-on-year[31] - Cash inflow from financing activities reached CNY 992,700,000.00, compared to CNY 780,200,000.00 in the previous year, while net cash flow from financing activities was negative CNY 62,347,645.17, down from positive CNY 218,649,052.33[31] Assets and Liabilities - Total assets increased by 3.96% to CNY 2,779,196,934.17 compared to the end of the previous year[5] - Total assets increased from CNY 2,673,396,878.97 to CNY 2,779,196,934.17, reflecting growth in both current and non-current assets[16] - Current liabilities rose from CNY 1,288,654,935.68 to CNY 1,342,134,141.19, indicating an increase in short-term financial obligations[16] - Total liabilities decreased slightly to CNY 992,164,418.86 from CNY 994,522,751.71 at the beginning of the year[21] - Shareholders' equity increased to CNY 951,271,202.36 from CNY 882,941,654.70 at the beginning of the year[21] Shareholder Information - The total number of shareholders reached 46,270 by the end of the reporting period[9] - The largest shareholder, Yinhai Tiancheng Group, holds 93,403,800 shares, accounting for 18.34% of total shares[10] Operational Costs and Expenses - Total operating costs for Q3 2017 were CNY 126,191,194.78, slightly down from CNY 128,369,050.36 in Q3 2016[23] - Year-to-date total operating costs increased to CNY 527,050,019.67, up from CNY 421,338,211.55 in the previous year[23] - Operating expenses for the third quarter included CNY 4,385,871.37 in management expenses and CNY 13,931,673.75 in financial expenses, highlighting increased operational costs[27] - The company reported an operating loss of CNY 23,168,999.15 for the third quarter, compared to a loss of CNY 12,951,313.83 in the same period last year[28] Investment and Financing - Financial expenses increased by 74.93% from CNY 38,173,141.06 to CNY 66,776,878.77 primarily due to increased borrowing and rising financing costs[12] - Investment income surged by 434.73% from CNY 11,482,402.99 to CNY 61,400,176.15 due to asset replacement gains during the reporting period[12] - The company plans to issue non-public shares to upgrade its high and low voltage electrical equipment manufacturing business, enhancing market share and core competitiveness[12] - Cash inflow from investment activities included CNY 15,811,500.00 in investment income, up from CNY 5,900,000.00 last year[31] Inventory and Receivables - Accounts receivable decreased by 63.30% from CNY 132,047,187.74 to CNY 48,457,052.36 due to the maturity and payment of bills during the reporting period[11] - Inventory increased by 34.15% from CNY 171,011,357.97 to CNY 229,419,398.02 as a result of increased production input during the reporting period[11] - Long-term prepaid expenses rose by 145.79% from CNY 3,531,944.45 to CNY 8,681,220.43 due to increased long-term expense investments during the reporting period[11]