CBC(SH:600132)2016-10-27 16:00Financial Performance - Net profit attributable to shareholders increased by 53.14% to CNY 263,566,458.86 for the first nine months of the year[6] - Basic and diluted earnings per share increased by 50.00% to CNY 0.54[7] - Cash flow from operating activities increased by 15.05% to CNY 799,402,063.88 for the first nine months of the year[6] - The weighted average return on net assets increased by 8.49 percentage points to 21.43%[7] - Net profit for the period reached CNY 180,616,044.22, an increase of 106.67% compared to CNY 87,618,453.01 in the same period last year[33] - Earnings per share (EPS) for the period was CNY 0.34, up from CNY 0.19 in the same period last year[33] - The company reported investment income of CNY 59,991,483.19, significantly higher than CNY 17,334,433.05 in the previous year[31] - The total comprehensive income for the period was CNY 180,616,044.22, compared to CNY 87,618,453.01 in the same period last year[33] Revenue and Costs - Operating revenue decreased by 4.10% to CNY 2,688,490,066.61 for the first nine months of the year[6] - Total operating revenue for the period was CNY 1,052,240,683.26, a decrease of 6.08% compared to CNY 1,120,272,999.13 in the same period last year[31] - Total operating costs amounted to CNY 917,475,624.56, down 9.69% from CNY 1,016,126,136.14 year-on-year[31] Assets and Liabilities - Total assets increased by 6.97% to CNY 3,980,655,565.51 compared to the end of the previous year[6] - The company's current assets totaled CNY 1,950,668,196.56, compared to CNY 1,438,442,008.96 at the start of the year, reflecting a significant increase[24] - The total liabilities of Chongqing Brewery were CNY 2,582,299,231.02, up from CNY 2,502,070,463.43 at the beginning of the year[26] - The company reported a total equity of CNY 1,398,356,334.49, up from CNY 1,219,123,566.52 at the start of the year, indicating growth in shareholder value[26] - The company's total assets reached CNY 3,168,200,566.60, up from CNY 2,840,313,671.21, indicating a growth of 11.53%[29] Cash Flow - Cash flow from operating activities generated a net amount of CNY 799,402,063.88, an increase from CNY 694,824,136.22 year-on-year[35] - Net cash flow from operating activities reached $660.56 million, compared to $625.90 million in the previous year, indicating an increase of about 5.20%[39] - The ending cash and cash equivalents balance increased to $584.59 million, up from $255.75 million year-over-year[38] - The total cash and cash equivalents at the beginning of the period was $219.01 million, reflecting a significant increase in liquidity[38] Shareholder Information - The total number of shareholders reached 28,612 at the end of the reporting period[10] - Carlsberg Brewery Hong Kong Limited holds 42.54% of the shares, making it the largest shareholder[10] Government Support and Other Income - The company received government subsidies amounting to CNY 8,093,196.98 for the first nine months of the year[8] - Non-operating income and expenses totaled CNY 12,147,508.99 for the third quarter[8] Investments and Future Plans - The company plans to address overlapping sales areas through various strategies, including potential divestitures or closures of underperforming assets[20] - Chongqing Brewery's management indicated a commitment to maintaining an independent operational structure post-acquisition by Carlsberg[20] - The company is exploring future investment opportunities in China, particularly those that may involve direct competition with Carlsberg[20] Inventory and Other Financial Metrics - The inventory level decreased to CNY 914,936,633.72 from CNY 1,074,501,975.87, suggesting better inventory management[24] - Financial expenses decreased by 37.94% to ¥20,974,868.69, benefiting from improved capital management and operational efficiency[14] - Accounts payable increased by 41.02% to ¥413,928,553.29, influenced by seasonal operating cycles[13] - Tax payable increased by 69.02% to ¥58,352,282.42, reflecting a significant rise in tax obligations compared to the beginning of the year[13]