Jiangsu wuzhong(SH:600200)2016-10-28 16:00Financial Performance - Operating revenue for the first nine months reached CNY 2,997,725,278.13, a 40.46% increase from the same period last year[7]. - Net profit attributable to shareholders surged by 195.62% to CNY 60,312,534.40 compared to the previous year[7]. - Basic earnings per share increased by 172.73% to CNY 0.090 per share[7]. - The company's operating revenue for Q3 2016 was CNY 299,772.53 million, representing a year-on-year increase of 40.46% compared to CNY 213,420.19 million in the same period last year[20]. - Total operating revenue for Q3 reached ¥1,429,363,985.34, a 89.0% increase from ¥755,215,463.08 in the same period last year[40]. - Net profit for Q3 was ¥54,005,807.74, significantly higher than ¥2,771,133.97 in the same quarter last year, marking a 1841.5% increase[42]. - The company achieved a gross profit margin of approximately 7.2% for Q3, compared to 6.5% in the same period last year[40]. Assets and Liabilities - Total assets increased by 40.50% to CNY 5,960,560,780.03 compared to the end of the previous year[7]. - Net assets attributable to shareholders rose by 90.49% to CNY 2,937,150,685.66 year-on-year[7]. - The company's cash and cash equivalents increased by 115.62% to CNY 1,329.75 million compared to the beginning of the period[16]. - Accounts receivable rose by 40.43% to CNY 379.63 million, attributed to the consolidation of a new subsidiary[16]. - The company recognized goodwill of CNY 375.04 million from the acquisition of a subsidiary, indicating a premium over the identifiable net assets[18]. - The total number of shareholders reached 70,563 at the end of the reporting period[11]. - The company's total liabilities decreased by 51.55% for current non-current liabilities, indicating improved financial stability[19]. Cash Flow - Cash flow from operating activities turned positive with a net amount of CNY 663,558,784.66, compared to a negative cash flow of CNY -160,004,071.52 in the previous year[7]. - The net cash flow from operating activities reached CNY 66,355.88 million, a significant increase of 514.71% compared to a negative CNY 16,000.41 million in the previous year[23]. - The company reported a net cash flow from investment activities of CNY 4,609.63 million, up 461.38% from CNY 821.13 million year-on-year, due to the recovery of some financial products purchased earlier[23]. - Cash received from sales of goods and services was CNY 3,439,728,042.94, up from CNY 2,289,805,251.99, indicating a growth of approximately 50%[52]. - The company reported a net increase in cash and cash equivalents of CNY 722,406,241.00, compared to CNY 412,788,949.94 in the same period last year[53]. Investments and Acquisitions - The company is actively pursuing mergers and acquisitions to enter the chemical industry, enhancing its sustainable profitability and risk resistance capabilities[24]. - The company has initiated a lawsuit against a counterparty for unpaid transfer payments amounting to CNY 500 million related to the sale of a 24% stake in Jiangsu Pesticide Research Institute[26]. - The company plans to divest its precious metals business within six months after the completion of the asset purchase transaction[29]. Shareholder Information - The largest shareholder, Suzhou Wuzhong Investment Holding Co., Ltd., holds 17.86% of the shares, with 40,000,000 shares pledged[11]. - The company extended the lock-up period for 101,610,762 shares by two years, now set to expire on December 28, 2016[29]. Other Financial Metrics - The weighted average return on equity improved by 1.60 percentage points to 3.63%[7]. - Non-recurring gains and losses for the period amounted to a net loss of CNY -1,177,699.19[10]. - The company has reduced financial expenses by 35.75% to CNY 3,256.53 million, due to a decrease in average borrowing balance and interest rates[21]. - Investment income decreased by 83.01% to CNY 624.59 million, compared to CNY 3,676.14 million in the previous year, primarily due to a one-time gain in the prior period[20].