Nisco(SH:600282)2017-10-27 16:00Financial Performance - Operating revenue for the first nine months reached CNY 27,071,737,757.22, a 53.13% increase compared to the same period last year[6]. - Net profit attributable to shareholders surged by 799.15% to CNY 2,046,650,152.13 year-on-year[6]. - Basic earnings per share increased by 708.01% to CNY 0.4642[6]. - The company's operating revenue for Q3 2017 reached RMB 939,322.90 million, representing a year-on-year increase of 53.13% due to higher product sales prices and volumes[12]. - Total operating revenue for Q3 2017 reached ¥10,113,529,213.57, a 48.5% increase from ¥6,803,218,024.75 in Q3 2016[26]. - The company reported a net profit of ¥987,847,090.21 for Q3 2017, compared to ¥94,065,481.56 in Q3 2016[26]. - Net profit for Q3 2017 was ¥739.17 million, compared to ¥262.84 million in Q3 2016, representing an increase of 180.5%[31]. - Operating profit for the first nine months of 2017 was ¥1.95 billion, a substantial increase from ¥122.84 million in the same period of 2016[31]. Assets and Liabilities - Total assets increased by 10.79% to CNY 38,004,320,204.10 compared to the end of the previous year[6]. - The company’s total liabilities increased significantly, with current liabilities due within one year rising by RMB 264,605.80 million, a 281.36% increase, due to the reclassification of bonds maturing in 2018[12]. - Total liabilities decreased to ¥21,809,953,728.85 in Q3 2017 from ¥23,180,619,597.13 in Q3 2016[23]. - The total amount raised from the non-public offering of shares was RMB 1,787,620,000, with a net amount of RMB 1,758,761,866.95 after deducting issuance costs[15]. - The company’s equity attributable to shareholders rose to RMB 10,410,380,090.70 from RMB 6,762,720,600.18, reflecting an increase of approximately 54.5%[19]. Cash Flow - Cash flow from operating activities decreased by 22.89% to CNY 2,060,742,766.08 compared to the same period last year[6]. - The company reported a total profit of ¥1.02 billion for Q3 2017, compared to ¥335.53 million in Q3 2016, marking a significant increase[31]. - Cash flow from investment activities showed a net outflow of CNY 316,189,304.23, slightly improved from a net outflow of CNY 378,541,158.05 in the same period last year[38]. - Cash inflow from financing activities amounted to CNY 9,762,703,781.44, down from CNY 13,376,467,282.78 year-on-year[38]. - The total cash and cash equivalents at the end of the period reached CNY 2,530,798,211.80, up from CNY 206,929,467.95 at the end of the previous year[38]. Shareholder Information - The total number of shareholders reached 141,912 by the end of the reporting period[8]. - The largest shareholder, Nanjing Nangang Steel Union Co., Ltd., holds 40.72% of the shares[8]. - The company plans to increase its shareholding by at least RMB 20 million, with a maximum increase not exceeding 1% of the total shares within six months starting from May 12, 2017[12]. Costs and Expenses - Operating costs increased to RMB 726,000.64 million, up 45.78% year-on-year, primarily driven by higher raw material procurement prices and increased production volumes[12]. - The financial expenses decreased to ¥72.85 million in Q3 2017 from ¥135.97 million in Q3 2016, indicating better cost management[31]. - Cash paid to employees increased to CNY 678,671,819.55 from CNY 515,109,798.80 year-on-year[37]. Investment and Fair Value - The company reported a significant increase in fair value gains of RMB 7,939.61 million, up 471.01%, attributed to the rise in stock prices of Industrial and Commercial Bank of China[12]. - The company recorded a fair value gain of ¥55.24 million in Q3 2017, compared to a gain of ¥4.74 million in the same period last year[31].