QCEC(SH:600218)2016-10-28 16:00Financial Performance - Net profit attributable to shareholders increased by 22.51% to CNY 89,040,121.08 year-on-year[6] - The company’s basic earnings per share increased by 16.22% to CNY 0.2415[6] - Net profit for Q3 2016 was CNY 27,969,574.80, up from CNY 23,416,099.80 in Q3 2015, indicating a growth of approximately 19.5%[26] - Net profit for Q3 2016 was CNY 34,897,607.70, compared to CNY 29,118,206.51 in Q3 2015, reflecting a significant increase of approximately 19.5%[30] - The total comprehensive income for Q3 2016 was CNY 34,897,607.70, compared to CNY 29,118,206.51 in the previous year, marking an increase of around 19.5%[30] Revenue and Sales - Operating revenue decreased by 3.42% to CNY 2,262,622,056.40 compared to the same period last year[6] - Total revenue for Q3 2016 was CNY 672,450,232.06, an increase from CNY 606,270,480.83 in Q3 2015, representing an increase of approximately 10.5% year-over-year[24] - Year-to-date revenue for 2016 reached CNY 2,262,622,056.40, a decrease from CNY 2,342,786,244.41 in the same period of 2015, indicating a decline of about 3.4%[24] - The company reported a total revenue of CNY 1,260,178,743.97 from sales of goods and services for the first nine months of 2016, slightly down from CNY 1,269,361,967.51 in the same period of 2015[34] Assets and Liabilities - Total assets increased by 8.50% to CNY 3,304,098,753.32 compared to the end of the previous year[6] - Total liabilities increased to CNY 1,403,419,772.35 from CNY 1,206,991,469.09, marking an increase of about 16.3%[19] - Current liabilities totaled CNY 1,310,055,614.16, up from CNY 1,110,749,427.87, which is an increase of approximately 17.9%[22] - Non-current assets reached CNY 1,062,562,270.14, compared to CNY 1,006,932,320.83 at the beginning of the year, showing an increase of about 5.5%[19] - The company's equity increased to CNY 1,900,678,980.97 from CNY 1,838,301,634.30, representing an increase of about 3.4%[19] Cash Flow - Net cash flow from operating activities surged by 956.15% to CNY 124,907,851.36 year-to-date[6] - Cash flow from operating activities for the first nine months of 2016 was CNY 124,907,851.36, a substantial increase from CNY 11,826,735.18 in the same period of 2015[34] - Cash flow from investing activities showed a net outflow of CNY 162,608,427.81 in the first nine months of 2016, an improvement from a net outflow of CNY 453,552,443.61 in the same period last year[34] - Cash flow from financing activities resulted in a net outflow of CNY 48,314,257.72 for the first nine months of 2016, compared to a net inflow of CNY 524,332,637.47 in the previous year[35] Shareholder Information - The number of shareholders reached 24,109 by the end of the reporting period[8] - The company completed a non-public offering of 85,355,000 shares at ¥8.00 per share, enhancing its capital base[14] - The company plans to stabilize its stock price by encouraging major shareholders to increase their holdings within the next 12 months[15] Expenses - Sales expenses decreased by 9.79% to ¥57,952,202.97 compared to the previous period[12] - Financial expenses showed a significant increase of 266.17%, resulting in a loss of ¥6,551,259.97[12] - The company’s management expenses for Q3 2016 were CNY 41,167,294.50, up from CNY 34,593,096.12 in Q3 2015, reflecting an increase of approximately 19%[28] Investment Income - Investment income rose by 59.04% to ¥16,529,773.40, driven by an increase in matured bank wealth management products[12] - The company’s investment income for Q3 2016 was CNY 9,285,862.22, compared to CNY 7,894,071.61 in Q3 2015, indicating an increase of about 17.6%[25] - Investment income for Q3 2016 was CNY 8,670,222.43, an increase from CNY 7,667,952.45 in Q3 2015, representing a growth of approximately 13.1%[29]