KINGFA(SH:600143)2016-10-18 16:00Financial Performance - Net profit attributable to shareholders rose by 13.31% to CNY 616.70 million for the first nine months[7] - Operating revenue for the first nine months reached CNY 12.47 billion, an increase of 8.54% year-on-year[7] - Basic earnings per share increased by 13.31% to CNY 0.2409[8] - The weighted average return on equity improved by 0.55 percentage points to 7.21%[8] - Net profit for the first nine months was CNY 660.97 million, compared to CNY 523.78 million, reflecting a year-over-year increase of approximately 26.2%[36] - The company reported a significant increase in sales expenses, which rose to CNY 127.98 million from CNY 80.39 million, marking an increase of approximately 58.9%[36] - The company reported a gross profit margin of approximately 12.5% for Q3 2016, compared to 10.5% in Q3 2015, reflecting improved operational efficiency[42] - The total comprehensive income attributable to shareholders for Q3 2016 was approximately ¥170.31 million, up from ¥123.75 million in Q3 2015, an increase of about 38%[39] Cash Flow - Net cash flow from operating activities increased by 45.62% to CNY 1.07 billion compared to the same period last year[7] - Operating cash flow increased to $1,073,552,029.98, up by 45.62% from $737,251,261.24 in the same period last year[17] - The increase in operating cash flow was attributed to improved receivables management and increased government support funds[17] - The company reported a net cash outflow from investing activities of approximately ¥1.72 billion, worsening from a net outflow of ¥1.16 billion in the previous year[48] - Cash inflow from financing activities rose to 3,509,879,479.05 RMB, up from 3,079,447,806.15 RMB year-on-year[51] - Net cash flow from financing activities significantly increased to 540,347,880.55 RMB, compared to just 41,508,916.82 RMB in the previous year[51] Assets and Liabilities - Total assets increased by 18.13% to CNY 17.38 billion compared to the end of the previous year[7] - The company's current assets totaled CNY 9.77 billion, up from CNY 8.35 billion at the start of the year, indicating a growth of about 17.1%[24] - The company's total liabilities reached CNY 8.16 billion, up from CNY 6.31 billion, which is an increase of approximately 29.3%[26] - Short-term borrowings increased significantly to CNY 1.77 billion from CNY 1.13 billion, representing a growth of about 56.8%[30] - The company's non-current assets totaled CNY 7.61 billion, up from CNY 6.36 billion, indicating an increase of about 19.7%[25] Shareholder Information - The total number of shareholders at the end of the reporting period was not disclosed[11] - Total number of shareholders reached 107,628[12] - The largest shareholder, Yuan Zhimin, holds 454,721,766 shares, representing 17.76% of total shares, all of which are pledged[12] Government Support and Subsidies - Government subsidies recognized in the current period amounted to CNY 102.69 million[9] Investment Activities - Investment income decreased by 66.05%, from ¥13,800,653.58 to ¥4,685,928.87[15] - The company raised ¥250 million from new investments, a significant increase from ¥20 million in the previous year, indicating strong investor confidence[48] Other Financial Metrics - Non-recurring gains and losses totaled CNY 21.34 million for the current period[10] - The company reported a loss of CNY 422,770.99 from the disposal of non-current assets during the reporting period[9] - Other comprehensive income increased by 180.73%, from ¥3,750,706.73 to ¥10,529,188.77[14]