Sytech(SH:600183)2016-10-30 16:00Financial Performance - Operating revenue for the first nine months reached CNY 6,109,814,634.31, an increase of 8.85% year-on-year[7] - Net profit attributable to shareholders increased by 47.87% to CNY 500,016,140.36 for the first nine months[7] - The company reported a net profit of CNY 490,841,616.68 for the third quarter, a year-on-year increase of 34.98%[8] - Year-to-date net profit for 2016 was ¥506,504,406.01, up 47.9% from ¥342,426,635.47 in the same period last year[29] - Net profit for Q3 2016 was ¥186,659,424.44, representing a 69.0% increase from ¥110,401,151.90 in Q3 2015[29] - Total operating revenue for Q3 2016 reached ¥2,214,135,323.60, an increase of 9.3% compared to ¥2,025,480,902.46 in Q3 2015[27] Earnings and Shareholder Information - Basic earnings per share rose by 45.83% to CNY 0.35[8] - Basic earnings per share for Q3 2016 were ¥0.13, compared to ¥0.08 in Q3 2015, reflecting a 62.5% increase[31] - Diluted earnings per share for the same period were also ¥0.13, up from ¥0.08 in the previous year[31] - The total number of shareholders reached 60,115 by the end of the reporting period[11] - The largest shareholder, Dongguan Guohong Investment Co., Ltd., holds 16.05% of the shares[11] Cash Flow and Liquidity - Cash flow from operating activities increased by 27.31% to CNY 736,081,863.15 for the first nine months[7] - The net cash flow from operating activities increased significantly to ¥899,381,463.76, compared to ¥285,079,229.61 in the same period last year, representing a growth of approximately 215%[42] - Cash inflow from financing activities decreased to ¥549,652,612.82 from ¥918,725,360.17, a decline of about 40%[43] - The net cash flow from financing activities was -¥751,119,525.41, compared to -¥199,000,462.28 in the same period last year, indicating a deterioration in financing cash flow[43] - Cash and cash equivalents decreased by 34.50% to ¥505,849,299.33 due to payments for project costs[13] Assets and Liabilities - Total assets increased by 3.65% to CNY 9,183,437,940.14 compared to the end of the previous year[7] - Total current assets increased slightly to CNY 5,150,753,619.39 from CNY 5,118,899,725.84, reflecting a growth of approximately 0.62%[20] - Total liabilities rose to CNY 4,151,811,956.02 from CNY 4,054,681,730.45, reflecting a growth of approximately 2.40%[22] - The company's total liabilities due within one year increased by 49.97% to ¥512,087,000.00, mainly due to the transfer of long-term borrowings[14] - Total equity increased to CNY 5,031,625,984.12 from CNY 4,805,415,267.98, indicating a growth of about 4.69%[22] Investments and Capital Expenditures - The company plans to invest ¥25,332,000 in establishing a subsidiary in East China for producing special copper-clad laminates[16] - The company has completed a capital increase of ¥400 million for its subsidiary Suzhou Shengyi Technology Co., Ltd. to support new production projects[15] - Construction in progress rose by 170.58% to ¥638,344,645.96, attributed to increased project investments by a subsidiary[14] - The company's revenue from investment increased by 38.37% to ¥9,527,051.85, driven by higher dividend income from subsidiaries[14] Operating Costs and Expenses - Total operating costs for Q3 2016 were ¥2,002,448,475.19, a rise of 6.4% from ¥1,882,752,347.56 in Q3 2015[28] - Year-to-date total operating costs reached ¥5,544,577,821.23, an increase of 6.7% compared to ¥5,194,217,191.85 in the previous year[28] - The company's operating tax and additional charges increased by 49.77% to ¥26,945,855.86 due to higher VAT obligations[14] - Total operating expenses for the first nine months of 2016 were ¥193,049,565.79, compared to ¥167,275,440.71 in the same period of 2015, indicating an increase of approximately 15.4%[34]