wanhua(SH:600309)2017-10-13 16:00Financial Performance - Operating revenue for the first nine months reached CNY 38.96 billion, an increase of 86.14% compared to the same period last year[6]. - Net profit attributable to shareholders surged by 212.41% to CNY 7.81 billion year-on-year[6]. - Basic earnings per share increased by 198.96% to CNY 2.87[7]. - Total operating revenue for Q3 2017 reached ¥14,533,417,472.70, a significant increase of 72.5% compared to ¥8,456,411,905.94 in Q3 2016[27]. - Net profit attributable to the parent company was ¥2,949,958,099.73, up 160.5% from ¥1,132,277,744.67 in the same period last year[28]. - Operating profit for the first nine months of 2017 was ¥11,734,181,649.74, a 218.5% increase from ¥3,678,406,086.08 in the same period last year[27]. - The total comprehensive income for Q3 2017 was ¥3,457,713,895.79, compared to ¥1,339,781,774.49 in Q3 2016, marking a growth of 158.5%[28]. - The company reported a total profit of ¥11.74 billion for the first nine months of 2017, compared to ¥2.62 billion in the same period last year, indicating a growth of 348.5%[29]. Assets and Liabilities - Total assets increased by 23.61% to CNY 62.75 billion compared to the end of the previous year[6]. - Current assets reached ¥23.70 billion, a significant increase of 78.6% compared to ¥13.24 billion at the start of the year[19]. - Total liabilities amounted to ¥36.07 billion, an increase from ¥32.43 billion, which is a growth of 11.3%[20]. - Total liabilities decreased to ¥19,882,236,746.05 from ¥24,843,363,791.45, reflecting a reduction of approximately 20%[27]. - Owner's equity increased to ¥26.69 billion, up from ¥18.33 billion, reflecting a growth of 45.5%[20]. Cash Flow - Net cash flow from operating activities for the first nine months was CNY 5.63 billion, up 8.02% year-on-year[6]. - Cash flow from operating activities for the first nine months of 2017 was ¥5.63 billion, slightly up from ¥5.21 billion in the previous year[32]. - The company’s total operating cash inflow for the first nine months of 2017 was ¥44.57 billion, compared to ¥26.10 billion in the previous year, indicating a growth of 70.8%[32]. - The net cash flow from financing activities was negative at -¥1.31 billion for the first nine months of 2017, an improvement from -¥1.96 billion in the same period last year[33]. - Total cash inflow from operating activities was ¥15,698,440,625.41, compared to ¥6,096,757,488.91 in the previous year, indicating an increase of about 157%[35]. Shareholder Information - The company had a total of 103,648 shareholders at the end of the reporting period[9]. - The largest shareholder, Wanhua Industrial Group Co., Ltd., held 47.92% of the shares[9]. Investment and Expenses - The company’s investment income rose by 117.98% to ¥79,561,569.20, attributed to the equity method accounting for a joint venture since July 1, 2016[13]. - The company reported a significant increase in tax expenses, which rose by 326.66% to ¥304,423,717.72, due to additional taxes imposed[13]. - Sales expenses increased to ¥101 million for the first nine months of 2017, up from ¥78.89 million in the previous year, reflecting a rise of 28.3%[29]. - The company’s financial expenses for the first nine months of 2017 were ¥406.94 million, compared to ¥341.28 million in the same period last year, an increase of 19.3%[29]. Future Plans - The company plans to resolve the business competition issue with BorsodChem through a merger proposal by September 21, 2018[15]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[27].