QJSL(SH:600283)2017-10-27 16:00Financial Performance - Operating revenue for the period was CNY 723,474,594.35, representing a year-on-year increase of 22.01%[7] - Net profit attributable to shareholders of the listed company reached CNY 61,266,402.75, a significant increase of 133.74% compared to the same period last year[7] - Basic and diluted earnings per share were both CNY 0.17, reflecting a 133.33% increase from the previous year[8] - The weighted average return on equity increased by 14.33 percentage points to 3.48%[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 31,085,109.72, a turnaround from a loss of CNY 193,677,464.67 in the previous year[7] - Total revenue for Q3 2017 reached ¥288,015,534.17, an increase of 33.6% compared to ¥215,505,147.60 in Q3 2016[33] - Net profit for Q3 2017 was ¥41,823,968.15, a decrease of 11.4% from ¥47,357,720.90 in Q3 2016[34] - The net profit for the first nine months of 2017 was CNY 37,814,505.26, compared to a net loss of CNY 344,657,260.69 in the same period last year, indicating a significant turnaround[39] - The total comprehensive income for Q3 2017 was CNY 1,972,051.83, a recovery from a loss of CNY 398,128,343.40 in the same quarter last year[40] Cash Flow - The net cash flow from operating activities was CNY 257,428,026.42, an increase of 86.56% year-on-year[7] - Net cash flow from investing activities improved significantly to 729,633,741.21, compared to a negative cash flow of -55,264,603.42 in the previous year[16] - Net cash flow from financing activities decreased by 5349.27%, from 17,260,998.07 to -906,077,004.45, mainly due to repayment of bank loans[16] - Operating cash inflow for the period reached ¥931,537,704.75, an increase of 15.3% compared to ¥808,032,185.28 in the same period last year[42] - Total cash inflow from investment activities amounted to ¥1,511,585,138.08, significantly higher than ¥492,423,848.92 in the previous year[43] - Cash flow from financing activities resulted in a net outflow of -¥906,077,004.45, compared to a net inflow of ¥17,260,998.07 in the previous year[43] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,958,000,768.97, a decrease of 9.12% compared to the end of the previous year[7] - The company's total assets decreased to ¥4,958,000,768.97 from ¥5,455,608,756.52, a reduction of 9.09%[25] - The total liabilities decreased to ¥2,784,954,769.19 from ¥3,615,751,513.77, a decrease of 23.05%[25] - The total current assets decreased to ¥1,110,215,472.27 from ¥1,938,883,038.32, representing a decline of 42.55%[23] - Total liabilities were ¥1,091,608,225.23, a decrease from ¥2,004,642,995.90 in the previous year[29] Shareholder Information - Total number of shareholders reached 35,778[12] - The largest shareholder, China Water Investment Co., Ltd., holds 83,137,053 shares, accounting for 23.55% of total shares[12] - The controlling shareholder, China Water Investment Co., Ltd., increased its stake in the company to 28.55%, holding 100,786,921 shares, which is 5.00% of the total share capital[19] Inventory and Receivables - Inventory decreased by 81.75%, from 1,274,487,592.43 to 232,568,913.65, primarily due to changes in the scope of consolidation[13] - Other receivables increased by 50.53%, from 8,026,877.43 to 12,083,256.12, due to changes in the scope of consolidation[13] - The company reported a decrease in accounts receivable to ¥71,465,054.59 from ¥80,237,036.15, a decline of 8.73%[23] Tax and Expenses - Tax expenses increased by 146.58%, from 5,389,840.21 to 13,290,402.49, due to changes in accounting treatment for VAT[15] - The company's financial expenses decreased to CNY 8,357,221.07 in Q3 2017 from CNY 19,247,474.53 in the same period last year, a reduction of approximately 56.6%[39] - The tax expenses for Q3 2017 were CNY 92,188.18, compared to a tax benefit of CNY 25,819.28 in the same period last year, showing a change in tax position[39] Investment Income - The company reported a significant increase in investment income, rising to 521,219,193.96 from 67,607,975.42, reflecting successful debt recovery efforts[15] - The investment income for the first nine months of 2017 was CNY 90,441,684.99, down from CNY 106,776,968.01 in the same period last year, reflecting a decrease of about 15.3%[39] - The company reported a significant increase in investment income of ¥12,003,739.66 compared to ¥45,927,259.51 in Q3 2016[34]