CC GAS(SH:600333)2016-10-25 16:00Financial Performance - Operating revenue decreased by 21.27% to CNY 823,016,084.36 for the first nine months compared to the same period last year[6] - Net profit attributable to shareholders increased by 309.91% to CNY 28,348,365.51 for the first nine months compared to the same period last year[6] - Basic earnings per share rose by 284.62% to CNY 0.05 compared to the same period last year[7] - Net profit rose significantly by 456.32% to ¥25,230,483.16 from ¥4,535,265.00, driven by increased contributions from core business operations[15] - Net profit for the first nine months of 2016 reached CNY 25,521,717.70, compared to a net profit of CNY 226,499.50 in the same period last year[32] - Total profit for Q3 2016 was CNY 19,806,200.93, a decrease of CNY 1,172,198.21 compared to the previous year[32] Cash Flow - The net cash flow from operating activities was CNY 116,608,695.47, a significant improvement from a negative cash flow of CNY 141,720,294.50 in the same period last year[6] - Cash flow from operating activities for the first nine months was CNY 116,608,695.47, a significant improvement from a negative cash flow of CNY 141,720,294.50 in the previous year[33] - Cash inflow from operating activities totaled CNY 980,044,863.07, while cash outflow was CNY 863,436,167.60, resulting in a net cash flow of CNY 116,608,695.47[33] - Total cash and cash equivalents at the end of the period were CNY 139,590,827.60, a decrease from CNY 319,693,132.74 at the end of the previous year[34] - The beginning balance of cash and cash equivalents was $280,864,866.62[38] - The ending balance of cash and cash equivalents was $59,446,277.21[38] Assets and Liabilities - Total assets increased by 2.23% to CNY 4,860,198,074.67 compared to the end of the previous year[6] - Total assets increased to ¥4,860,198,074.67 from ¥4,754,347,276.99, reflecting growth in both current and non-current assets[20] - Current liabilities rose to ¥2,321,459,688.31 from ¥2,230,974,285.08, influenced by an increase in short-term borrowings[21] - Total liabilities increased to CNY 3,143,884,721.28 from CNY 3,082,343,470.91 at the start of the year, reflecting a rise of 2%[25] - Non-current liabilities totaled CNY 919,835,397.33, up from CNY 905,977,268.75, indicating a growth of 1.9%[25] - Current assets decreased to CNY 654,408,542.56 from CNY 895,389,604.68, a decline of 27%[24] Shareholder Information - The total number of shareholders reached 44,556 at the end of the reporting period[12] - The largest shareholder, Changchun Changgang Gas Co., Ltd., holds 52.57% of the shares[12] Operating Costs and Expenses - Operating costs decreased by 36.36% to ¥484,108,122.95 from ¥760,736,003.91, mainly due to the shutdown of the coking business[14] - The company incurred operating expenses of CNY 863,436,167.60, compared to CNY 1,385,893,130.65 in the previous year[33] - Total operating costs for Q3 2016 were ¥244,157,281.16, a decrease of 15.6% from ¥289,380,124.23 in Q3 2015[28] - Sales expenses for Q3 2016 were ¥53,045,281.92, down 16.0% from ¥63,163,954.85 in Q3 2015[28] - Financial expenses for Q3 2016 increased to ¥14,913,829.18, up 88.5% from ¥7,905,933.33 in Q3 2015[28] Future Outlook - The company plans to issue non-public shares, with the application already approved by the China Securities Regulatory Commission[16] - The company expects a positive net profit for 2016, following a significant loss in 2015 due to the coking industry shutdown[17] - The company plans to continue focusing on expanding its market presence and enhancing operational efficiency in the upcoming quarters[36]