FOTON(SH:600166)2016-10-28 16:00Financial Performance - Operating revenue for the first nine months rose by 16.56% to CNY 29,768,021,825.91 year-on-year[7] - Net profit attributable to shareholders increased by 44.04% to CNY 232,097,632.44 compared to the same period last year[7] - Total revenue for the third quarter reached ¥10,294,656,623.57, an increase of 23.8% compared to ¥8,318,034,102.98 in the same period last year[38] - Net profit for the first nine months was ¥180,621,508.24, compared to ¥106,160,168.81 in the same period last year, indicating a significant increase[38] - The net profit attributable to the parent company for Q3 2016 was approximately ¥85.26 million, compared to a net profit of ¥6.53 million in the same period last year[39] Assets and Liabilities - Total assets increased by 21.79% to CNY 52,068,283,520.52 compared to the end of the previous year[7] - The company's current liabilities totaled CNY 29.05 billion, up from CNY 20.78 billion at the beginning of the year[34] - The company’s total liabilities reached CNY 33.31 billion, an increase from CNY 24.00 billion at the beginning of the year[34] - Total assets as of September 30, 2016, amounted to ¥46,963,352,572.18, up from ¥39,266,393,264.73 at the beginning of the year[37] - Current liabilities increased to ¥23,558,531,415.28 from ¥17,077,047,643.89 at the start of the year, reflecting a rise of 38.2%[37] Cash Flow - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 1,514,088,109.57, a decrease of 394.48% year-on-year[7] - The company reported a total cash flow from operating activities of approximately ¥527.44 million for the first nine months of 2016, compared to ¥420.28 million in the same period last year[43] - Net cash flow from operating activities was -¥1.51 billion, compared to -¥306.20 million in the previous year, indicating a worsening performance[47] - Cash inflow from sales and services reached ¥21.42 billion, up from ¥15.61 billion year-over-year, representing a growth of 37.5%[46] - The ending cash and cash equivalents balance was ¥3.31 billion, compared to ¥2.88 billion at the same time last year, reflecting a year-over-year increase of 14.8%[47] Sales and Market Performance - In the first nine months, the company sold 377,234 vehicles, a year-on-year increase of 2.66%[23] - The company's commercial vehicle sales reached 348,209 units, a decline of 2.55% year-on-year, while the commercial vehicle market share remained at 13.35%[23] - The company sold 29,025 passenger vehicles, a significant increase of 185.6% year-on-year, with a market share of 0.22%[25] - The company sold 5,015 large and medium buses, with a market share of 4.3%, down 0.6% year-on-year[24] - The company exported 45,251 vehicles from January to September, a decrease of 4.8% year-on-year, but still ranked first in the market[27] Innovation and Development - The company applied for 441 patents and received 159 approvals during the reporting period, highlighting its commitment to innovation[28] - The newly launched off-road SUV, Savana TGDI, features a 2.0T turbocharged engine with 218 horsepower and 300 Nm of torque, along with advanced four-wheel drive systems[27] - The company launched the BJ6122 large intercity bus series, featuring advanced manufacturing technologies and a capacity of 53 passengers[28] - The company’s first-generation super truck, the Aoling CTS, significantly improved operational efficiency through European technology optimization[27] Shareholder Information - The total number of shareholders reached 145,404 by the end of the reporting period[10] - The largest shareholder, Beijing Automotive Group Co., Ltd., holds 27.07% of the shares[10] Inventory and Receivables - Accounts receivable increased by 83.89% to CNY 9,605,116,834.57 compared to the beginning of the year[13] - Inventory levels rose by 116.98% to CNY 4,468,504,237.90 compared to the beginning of the year[13]