ICW(SH:600187)2016-10-24 16:00Financial Performance - Operating revenue decreased by 24.56% to CNY 262,481,739.38 for the period from January to September compared to the same period last year[6]. - Net profit attributable to shareholders was CNY 18,291,748.24, a significant recovery from a loss of CNY 21,629,590.10 in the previous year[6]. - The weighted average return on net assets improved to 0.72% from -0.82% in the previous year[7]. - Basic earnings per share increased to CNY 0.0126 from a loss of CNY -0.0149 in the previous year[7]. - The company reported non-operating income of CNY 220,514.11 for the period, contributing to overall financial recovery[9]. - The company received government subsidies totaling CNY 288,881.65, which were recognized as non-operating income[9]. - The net cash flow from operating activities reached CNY 136,061,343.89, a turnaround from a negative cash flow of CNY -102,631,774.52 in the same period last year[6]. - The company reported a total profit of ¥1,772,094.49 in Q3 2016, a significant recovery from a loss of ¥32,080,622.48 in Q3 2015[38]. - The net profit for Q3 2016 was a loss of ¥1,734,423.52, compared to a loss of ¥34,528,686.26 in Q3 2015, showing an improvement in losses[39]. - The net profit for the period was -¥11,014,705.28, an improvement from -¥12,217,745.24 in the same period last year[41]. Asset and Liability Changes - Total assets increased by 16.07% to CNY 4,718,371,307.39 compared to the end of the previous year[6]. - Current assets decreased to CNY 1,019,169,383.33 from CNY 1,297,680,633.03, a decline of about 21.5%[30]. - Non-current assets rose significantly to CNY 3,699,201,924.06 from CNY 2,767,599,138.45, an increase of approximately 33.5%[31]. - Total liabilities rose to CNY 1,992,383,738.53 from CNY 1,358,787,630.73, an increase of approximately 46.5%[32]. - Current liabilities increased to CNY 1,104,595,775.67 from CNY 741,508,649.59, a rise of about 48.9%[31]. - Long-term borrowings increased to CNY 848,800,576.00 from CNY 569,648,076.00, representing a growth of approximately 48.9%[32]. - The total liabilities for Q3 2016 were ¥1,620,588,635.54, compared to ¥967,316,205.08 in Q3 2015, which is an increase of about 67.5%[35]. Cash Flow Analysis - Cash and cash equivalents decreased by 81.23%, from ¥279,513,281.64 to ¥52,462,717.12, a reduction of ¥227,050,564.52[13]. - The net cash flow from investing activities improved to a net outflow of approximately ¥86.26 million, a decrease in outflow by ¥177.17 million from the previous year's outflow of ¥263.43 million[22]. - The net cash flow from financing activities saw a substantial decline, with a net outflow of approximately ¥275.33 million, compared to a net inflow of ¥289.17 million in the same period last year, marking a change of -195.22%[22]. - The cash flow from investing activities showed a net outflow of -¥86,262,516.89, improving from -¥263,430,629.77 in the same period last year[45]. - The cash flow from financing activities resulted in a net outflow of -¥275,331,439.76, compared to a net inflow of ¥289,165,228.00 in Q3 2015[45]. - The company reported a total cash inflow from operating activities of 734,355,179.46, slightly down from 744,730,659.14 in the previous year[47]. Shareholder Information - The number of shareholders reached 169,125 by the end of the reporting period[11]. - The largest shareholder, Guozhong (Tianjin) Water Co., Ltd., holds 15.62% of the shares, totaling 227,312,500 shares[11]. - The actual controller of the company changed to Mr. Jiang Zhaobai, while the controlling shareholder remains unchanged as Guozhong (Tianjin) Water Co., Ltd.[21]. - The company has committed to not reducing its shareholding in the company through the secondary market within the next six months[24]. Investment and Future Plans - The company plans to issue up to 198.31 million shares to specific investors, aiming to raise no more than ¥951.89 million for six water project construction projects and working capital[20]. - The company has no current plans for significant investments or asset acquisitions outside of the projects funded by the non-public offering[24]. - Investment income is expected to increase by approximately 35.5 million yuan in 2016 due to the profit distribution plan from Sailin International Investment Fund (Shanghai) Co., Ltd.[27]. Other Financial Metrics - Cash and cash equivalents dropped to CNY 52,462,717.12 from CNY 279,513,281.64, a decrease of around 81.2%[30]. - The company reported an investment income of ¥35,604,613.73 for the first nine months, a significant increase from ¥8,283,207.72 in the same period last year[40]. - The company's financial expenses for Q3 2016 were ¥10,561,625.39, down from ¥16,725,067.19 in Q3 2015, reflecting a decrease of approximately 36.3%[38]. - The company paid 34,146,783.35 in dividends and interest, significantly higher than 6,634,106.64 in the previous year, indicating a change in dividend policy[48].