2016-10-27 16:00Financial Performance - Operating revenue for the first nine months reached RMB 75,408 million, a 4.79% increase year-on-year[7] - Net profit attributable to shareholders rose by 25.50% to RMB 6,694 million for the first nine months[7] - Basic earnings per share increased by 17.59% to RMB 0.4928[7] - The company achieved a significant increase in undistributed profits, rising by 138.82% compared to the same period last year[13] - For the first nine months of 2016, the consolidated operating revenue reached RMB 75,408 million, an increase of 4.0% compared to RMB 71,963 million in the same period of 2015[25] - The consolidated net profit for the first nine months of 2016 was RMB 7,264 million, up 24.7% from RMB 5,826 million in the same period of 2015[25] - The company reported a basic earnings per share of RMB 0.49 for the first nine months of 2016, compared to RMB 0.42 in the same period of 2015, representing a growth of 16.7%[25] Assets and Liabilities - Total assets increased by 4.69% to RMB 204,885 million compared to the end of the previous year[7] - The total liabilities as of September 30, 2016, were RMB 151,437 million, a decrease of 4.1% from RMB 158,058 million at the end of 2015[23] - The company’s total current liabilities decreased to RMB 69,916 million as of September 30, 2016, from RMB 74,384 million at the end of 2015, a reduction of 5.0%[23] - The company’s long-term borrowings decreased to RMB 8,233 million as of September 30, 2016, from RMB 20,408 million at the end of 2015, a decline of 59.6%[23] Shareholder Information - The total number of shareholders reached 285,550, with the largest shareholder holding 35.06% of shares[9] - Net assets attributable to shareholders increased by 43.49% to RMB 50,418 million compared to the end of the previous year[7] - The total equity attributable to shareholders of the parent company increased to RMB 50,418 million as of September 30, 2016, from RMB 35,137 million at the end of 2015, marking a rise of 43.4%[23] Cash Flow and Financing Activities - Cash flow from operating activities for the first nine months was RMB 19,222 million, up 10.61% year-on-year[7] - Total cash inflow from financing activities reached RMB 107.621 million, significantly higher than RMB 40.633 million in the previous year, marking a 164.5% increase[32] - Cash outflow for financing activities totaled RMB 110.990 million, compared to RMB 38.390 million in the same period of 2015, resulting in a net cash flow from financing activities of RMB -3.369 million[32] - The company received RMB 89.508 million from borrowings, a substantial increase from RMB 37.763 million in the same period of 2015[32] Investment and Capital Management - Investment income increased by 74.83% to RMB 264 million due to gains from the disposal of available-for-sale financial assets[11] - The company raised approximately RMB 8.54 billion through a non-public issuance of 1,327,406,822 A-shares at a price of RMB 6.44 per share[13] - The company has a plan to publicly issue corporate bonds with a total face value of up to RMB 10.3 billion within 24 months[17] - The company has optimized its debt structure by repaying part of its short-term loans, resulting in a 45.50% decrease in short-term borrowings[12] - The company issued bonds and medium-term notes, leading to a 77.08% increase in payable bonds[12] Cash and Cash Equivalents - The company has reduced its cash and cash equivalents by 84.97%, primarily due to improved capital utilization[12] - The company’s cash and cash equivalents as of September 30, 2016, were RMB 1,370 million, a significant decrease from RMB 9,115 million at the end of 2015[22] - Cash and cash equivalents at the end of the period were RMB 1.327 million, a decrease from RMB 9.080 million at the beginning of the year[32] - The company reported a net decrease in cash and cash equivalents of RMB 7.753 million for the period[32] - The impact of exchange rate changes on cash and cash equivalents was an increase of RMB 105 million[32] Other Financial Metrics - The weighted average return on equity was 16.19%, a slight decrease of 0.6 percentage points compared to the previous year[7] - The company increased its prepayments by 317.40%, reflecting a rise in advance procurement payments[12] - The company completed the issuance of Korean won bonds, with a total issuance scale of 1.75 billion Korean won, at interest rates of 2.05% and 2.85%[17] - The company has committed to resolving property rights issues related to land and buildings, with a timeline extending to approximately 10-12 years[19]