GWE(SH:600192)2016-10-21 16:00Financial Performance - Net profit attributable to shareholders decreased by 74.01% to CNY 2,957,088.29 for the current period[7] - Operating revenue for the first nine months decreased by 4.30% to CNY 1,364,446,786.78 compared to the same period last year[6] - Basic and diluted earnings per share decreased by 42.36% to CNY 0.051[7] - Net profit for the period was reported at ¥35,188,839.03, a decrease of 32.41% compared to the previous year[14] - Operating profit for the first nine months of 2016 was ¥13,142,239.48, down 41.0% from ¥22,281,227.61 in the same period last year[19] - The company reported a net profit of ¥4,879,337.57 for Q3 2016, compared to a loss of ¥1,737,026.18 in Q3 2015[19] - The total profit for Q3 2016 was 8,878,162.85 CNY, a decrease from 10,011,117.48 CNY in Q3 2015, representing a decline of approximately 11.3%[20] - The net profit attributable to the parent company for Q3 2016 was 3,331,268.76 CNY, down from 4,607,073.99 CNY in Q3 2015, reflecting a decrease of about 27.7%[20] - The company reported a net loss of -1,831,106.04 CNY for the period from January to September 2016, compared to a profit of 4,592,772.93 CNY in the same period of the previous year[23] Assets and Liabilities - Total assets increased by 3.85% to CNY 4,844,491,508.83 compared to the end of the previous year[6] - Total liabilities reached ¥2,869,945,631.74, an increase of 5.86% from ¥2,711,393,445.86[15] - Total assets as of September 30, 2016, were ¥2,307,137,804.97, an increase of 10.0% from ¥2,097,070,669.13 at the beginning of the year[17] - Current assets totaled ¥1,235,012,782.93, up 20.5% from ¥1,024,427,983.77 at the beginning of the year[17] - Current liabilities increased to ¥748,596,224.46, a rise of 58.0% from ¥473,624,652.25 at the beginning of the year[17] - The total equity attributable to shareholders rose to ¥1,902,717,939.55, an increase of 1.43% from ¥1,883,589,683.65[15] - Total equity as of September 30, 2016, was ¥1,394,541,580.51, a slight decrease from ¥1,405,446,016.88 at the beginning of the year[17] Cash Flow - Net cash flow from operating activities improved by 19.49%, reaching CNY -40,139,825.97[6] - Operating cash inflow for the period (January to September) was CNY 910,015,486.69, a decrease of 3.8% compared to CNY 945,601,234.67 in the same period last year[25] - Net cash flow from operating activities was negative CNY 40,139,825.97, an improvement from negative CNY 49,856,710.87 year-over-year[25] - Cash outflow from investing activities totaled CNY 93,576,554.86, an increase of 71.8% compared to CNY 54,503,658.30 in the previous year[25] - Net cash flow from financing activities was CNY 12,373,207.97, a decrease of 11.6% from CNY 13,989,390.86 in the same period last year[25] - Total cash and cash equivalents at the end of the period was CNY 381,882,331.79, up from CNY 246,241,950.15 year-over-year[25] - Cash inflow from loans received was CNY 879,164,000.00, an increase of 6.1% compared to CNY 829,000,000.00 last year[25] - Cash outflow for debt repayment was CNY 811,203,600.00, an increase of 7.8% from CNY 752,500,000.00 in the previous year[25] - The company reported a net cash decrease of CNY 120,094,172.86 for the period, compared to a decrease of CNY 90,210,213.83 in the previous year[25] Shareholder Information - The total number of shareholders reached 40,207 by the end of the reporting period[9] - The largest shareholder, Gansu Changcheng Electric Group, holds 34.35% of the shares[9] Government Support and Other Income - Government subsidies recognized in the current period amounted to CNY 3,439,118.50[8] - Non-operating income and expenses totaled CNY 3,029,504.72 for the first nine months[8] - Investment income surged by 123.70% to ¥1,088,089.28, attributed to improved profitability of associated companies[14] - The investment income for Q3 2016 was -134,438.09 CNY, a significant decline from 1,463.30 CNY in Q3 2015, indicating a drop of approximately 9,200%[23] Operational Metrics - Construction in progress rose by 41.78% to ¥84,128,229.48, driven by ongoing projects in logistics and juice production[14] - Intangible assets increased by 30.13% to ¥246,498,294.72, primarily due to land acquisition for logistics services[14] - The company's short-term borrowings increased to ¥1,012,164,000.00, up from ¥971,000,000.00, reflecting a rise of 4.67%[15] - The company incurred sales expenses of 2,754,621.52 CNY in Q3 2016, down from 3,142,378.35 CNY in Q3 2015, reflecting a decrease of approximately 12.3%[23]