ELION(SH:600277)2017-10-27 16:00Financial Performance - Revenue for the first nine months reached CNY 11.87 billion, marking a 76.63% increase year-on-year[6] - Net profit attributable to shareholders increased by 29.58% to CNY 281.91 million compared to the same period last year[6] - Net profit attributable to shareholders after deducting non-recurring gains and losses rose by 136.70% to CNY 259.12 million[6] - Total revenue for Q3 2017 reached approximately ¥4.80 billion, a significant increase from ¥2.26 billion in the same period last year, representing a year-over-year growth of 112%[35] - Net profit for Q3 2017 was approximately ¥183.84 million, up from ¥73.55 million in Q3 2016, reflecting a year-over-year growth of 150%[36] - The total comprehensive income attributable to the parent company for the first nine months of 2017 was approximately ¥284.38 million, up from ¥216.76 million in the same period last year, reflecting a growth of 31.1%[38] - The total profit for the first nine months of 2017 was approximately ¥117.50 million, down from ¥173.82 million in the same period last year, showing a decline of 32.4%[39] Assets and Liabilities - Total assets increased by 21.23% to CNY 28.24 billion compared to the end of the previous year[6] - The company's total assets amounted to 28,241,025,845.09 RMB, an increase from 23,295,181,915.71 RMB at the beginning of the year, reflecting a growth of approximately 21.3%[30] - The company's total liabilities as of September 30, 2017, were 12,789,884,022.16 RMB, slightly down from 12,821,473,805.00 RMB at the beginning of the year[30] - The company's long-term borrowings increased to 315,000,000.00 RMB from 155,000,000.00 RMB, indicating a growth of approximately 103.2%[30] - Total liabilities decreased to approximately ¥6.72 billion in Q3 2017 from ¥8.01 billion in the previous year, a reduction of 16%[34] Cash Flow - Operating cash flow for the first nine months surged by 320.30% to CNY 2.55 billion compared to the same period last year[6] - The net cash flow from operating activities for Q3 2017 was CNY 2,548,044,751.51, a significant increase from CNY 606,246,763.87 in the same period last year, representing a growth of approximately 319%[43] - Total cash inflow from operating activities reached CNY 13,139,720,856.32, compared to CNY 5,877,480,181.07 in Q3 2016, indicating an increase of about 124%[43] - Cash inflow from financing activities totaled CNY 8,265,849,977.59, compared to CNY 5,471,029,131.25 in Q3 2016, marking an increase of about 51%[44] - The ending cash and cash equivalents balance was CNY 8,213,186,895.55, compared to CNY 2,767,352,229.13 at the end of Q3 2016, indicating a growth of about 196%[44] Shareholder Information - The total number of shareholders reached 72,174 by the end of the reporting period[11] - The largest shareholder, Yili Resources Group, holds 49.16% of the shares, with 1.35 billion shares pledged[11] - Yili Group increased its shareholding in the company by a total of 82,367,894 shares from February 1, 2016, to September 30, 2017, with a total investment of approximately 522 million RMB[24] Operational Developments - The company announced a major asset restructuring plan, with stock suspension starting from March 6, 2017, and subsequent disclosures every five trading days[15] - The company has completed the acquisition of several projects, including the Xinhua Project (2×90t/h+1×18MW+1×6MW) and the Tian Ning Thermal Power Project (3×75t/h+1×12MW+1×6MW)[18] - The company is in substantive acquisition negotiations for 6-8 additional projects, totaling nearly 2000 steam tons[18] - The company plans to issue 1 billion RMB in green bonds, which has been approved by the shareholders' meeting and is currently progressing[19] Future Commitments - The company has committed to ensuring fair pricing in future related transactions to protect minority shareholders' rights[20] - The company plans to expand its market presence and invest in new technologies to drive future growth[35] - The company has indicated a focus on improving operational efficiency and reducing costs in the upcoming quarters[36]