CRE(SH:600217)2017-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 1,553,447,591.76, a 69.71% increase year-on-year[6] - Net profit attributable to shareholders increased by 145.89% to CNY 149,260,229.31 for the first nine months[6] - Basic and diluted earnings per share rose by 120% to CNY 0.11[7] - The net profit for the first nine months of 2017 was ¥698,963,850.63, compared to ¥536,636,654.94 for the same period in 2016, reflecting a growth of approximately 30.2%[25] - The company recorded a total profit of 170,037,562.15 RMB for the first nine months of 2017, compared to 84,557,704.07 RMB in the same period last year, representing a significant increase of about 100.5%[31] Assets and Liabilities - Total assets increased by 39.20% to CNY 4,618,007,687.86 compared to the end of the previous year[6] - Total liabilities increased to ¥3,002,932,531.53 from ¥2,222,783,334.91 year-over-year, representing a growth of approximately 35%[27] - Current assets totaled ¥1,518,075,889.65 as of September 30, 2017, compared to ¥1,042,754,993.99 at the beginning of the year, marking an increase of about 45.6%[26] - The company's equity attributable to shareholders rose to ¥1,609,291,454.23 from ¥1,032,777,663.35, an increase of about 55.5%[25] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 614,195,591.90, compared to a net outflow of CNY 622,971,205.60 in the same period last year[6] - Cash inflow from sales of goods and services reached ¥793,636,510.86, compared to ¥386,575,599.13 in the same period last year, representing an increase of 105.4%[37] - Total cash inflow from operating activities amounted to ¥827,946,022.95, up from ¥513,470,129.22, marking a year-over-year increase of 61.3%[38] - Net cash flow from financing activities was ¥1,082,250,180.91, up from ¥787,387,149.38, showing an increase of 37.4%[39] Shareholder Information - The total number of shareholders reached 38,987 by the end of the reporting period[11] - The largest shareholder, China Recycled Resources Development Co., Ltd., holds 26.00% of the shares, with 266,887,408 shares pledged[11] Government Support and Investments - The company received government subsidies totaling CNY 6,218,709.64 during the reporting period[8] - The company completed acquisitions of minority stakes in Shandong Zhonglv Resource Recycling Co., Ltd. and 100% of Zhejiang Xinghe Environmental Protection Co., Ltd. during the reporting period[17] - The goodwill on the balance sheet reached ¥36.36 million following the acquisition of non-controlling interests[14] Operational Costs - Operating costs increased by 71.77% to ¥801.93 million, also due to higher dismantling and sales volumes[16] - The company's management expenses for the first nine months of 2017 were 60,537,099.05 RMB, up from 47,799,064.99 RMB in the same period last year, indicating a rise of approximately 26.6%[31] Other Financial Metrics - The weighted average return on net assets increased by 4.15 percentage points to 11.02%[7] - The company reported a 30.25% increase in undistributed profits, totaling ¥698.96 million, due to increased net profits[14] - The company’s short-term borrowings increased by 137.52% to ¥1.52 billion, reflecting higher working capital needs[14] - The total comprehensive income for Q3 2017 was 44,299,663.38 RMB, up from 38,798,419.26 RMB in Q3 2016, indicating a growth of about 14.4%[32]