BVEA(SH:600379)2017-10-27 16:00Financial Performance - Operating revenue for the first nine months reached CNY 600,528,993.60, a year-on-year increase of 12.59%[8] - Net profit attributable to shareholders decreased by 15.44% to CNY 34,455,120.65 compared to the same period last year[8] - The company reported a basic earnings per share of CNY 0.1461, down 15.45% from the previous year[8] - Total operating revenue for Q3 2017 reached ¥213,474,815.28, an increase of 18.87% compared to ¥179,546,762.31 in Q3 2016[27] - Net profit for Q3 2017 was ¥11,238,646.92, a decrease of 32.51% from ¥16,630,229.87 in Q3 2016[28] - The company’s net profit for the first nine months of 2017 was ¥34,455,120.65, a decrease of 15.66% from ¥40,812,293.96 in the same period last year[28] Cash Flow - The net cash flow from operating activities was negative at CNY -14,541,203.82, a decrease of 132.61% year-on-year[8] - Cash inflow from operating activities for the first nine months was CNY 310,351,389.01, a decrease of 9.3% compared to CNY 342,126,683.76 in the previous year[33] - Cash inflow from investment activities totaled CNY 26,092,659.29, significantly higher than CNY 1,266.14 in the previous year[34] - Net cash flow from investment activities was CNY 22,794,013.38, recovering from a negative CNY -36,887,021.60 last year[34] - Cash inflow from financing activities was CNY 60,000,000.00, down from CNY 74,256,771.55 in the previous year[34] - The ending cash and cash equivalents balance was CNY 62,813,144.32, compared to CNY 183,539,365.82 at the end of the previous year[34] Assets and Liabilities - Total assets increased by 9.26% to CNY 761,081,476.26 compared to the end of the previous year[8] - Total liabilities rose to CNY 266,054,034.23 from CNY 225,659,307.64, marking an increase of approximately 17.9%[22] - Current liabilities amounted to CNY 243,400,792.42, up from CNY 203,392,181.91, indicating a growth of around 19.7%[22] - The company's total equity reached CNY 495,027,442.03, up from CNY 470,945,411.03, reflecting an increase of about 5.1%[22] - The total liabilities to equity ratio increased to approximately 53.7% from 47.9%, indicating a rise in financial leverage[22] Operational Metrics - Accounts receivable increased by 61.86% to CNY 230,017,033.94, primarily due to sales and credit sales[14] - Inventory levels increased to CNY 120,093,538.56 from CNY 112,769,029.29, showing a growth of approximately 6.4%[24] - Total operating costs for the first nine months of 2017 were ¥562,987,445.73, up 15.16% from ¥488,878,440.06 in the previous year[27] - The company has reported a decrease in management expenses for Q3 2017, totaling ¥20,058,521.01, compared to ¥21,333,081.91 in Q3 2016, reflecting a reduction of 5.96%[27] Other Financial Metrics - The weighted average return on equity decreased by 1.82 percentage points to 7.13%[8] - Fair value changes resulted in a loss of ¥2,650.00, a significant decline of 108.93% from a loss of ¥29,680.00 in the previous year, primarily due to fluctuations in stock investment income[15] - Other operating income decreased by 38.24% to ¥1,172,568.77 from ¥1,898,455.00, mainly due to lower government subsidy income recognized in the current period[15] - Cash received from tax refunds increased by 40.43% to ¥10,502,074.04 from ¥7,478,310.76, attributed to higher export tax rebates[17]