HPEC(SH:600312)2017-10-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 48.62% to CNY 462.59 million year-to-date[7] - Operating revenue for the first nine months rose by 8.57% to CNY 5.96 billion compared to the same period last year[7] - Basic earnings per share dropped by 50.44% to CNY 0.3409[8] - The weighted average return on net assets decreased by 6.31 percentage points to 5.20%[8] - Total operating revenue for Q3 2017 was ¥1,848,433,015.42, a decrease of 7.4% compared to ¥1,995,529,656.07 in Q3 2016[25] - Operating profit for Q3 2017 was ¥136,776,262.15, down 68.7% from ¥436,170,958.58 in the same quarter last year[25] - Net profit attributable to shareholders of the parent company for Q3 2017 was ¥112,376,994.41, a decline of 68.7% from ¥358,761,012.06 in Q3 2016[26] - The total profit for Q3 2017 was ¥138,209,638.51, a decrease of 68.8% from ¥442,100,700.61 in Q3 2016[26] - The company’s total profit for the first nine months of 2017 was ¥580,519,357.20, a decrease of 47.5% from ¥1,104,902,529.31 in the same period last year[26] Cash Flow and Liquidity - The net cash flow from operating activities showed a significant decline, reaching -CNY 2.07 billion, compared to -CNY 127.49 million in the previous year[7] - Cash and cash equivalents decreased by 55.95% to ¥795,243,771.84 from ¥1,805,346,470.57 due to dividend payments and loan repayments[12] - Cash flow from operating activities showed a decrease of 93.05% in tax refunds received, down to ¥3,687,271.01 from ¥53,080,756.94[14] - Operating cash inflow for the first nine months was ¥4,118,607,724.10, down from ¥5,257,372,610.53, indicating a decrease of about 22% year-over-year[31] - The net cash flow from operating activities was -¥2,071,473,777.44, compared to -¥127,486,839.55 in the previous year, reflecting a worsening cash flow situation[31] - Cash and cash equivalents at the end of the period totaled ¥342,760,972.13, a decrease from ¥1,391,232,155.89 at the beginning of the year[32] - The company incurred cash outflows of ¥1,333,332,595.03 for financing activities, down from ¥1,847,704,925.42, indicating a reduction of about 28%[32] - The company experienced a net decrease in cash and cash equivalents of -$755.77 million, compared to -$217.50 million in the previous year[36] Assets and Liabilities - Total assets increased by 10.14% to CNY 19.52 billion compared to the end of the previous year[7] - The company’s total assets reached ¥17,206,235,500.00, reflecting growth in both current and non-current assets[15] - Current liabilities rose to CNY 10.50 billion, compared to CNY 7.79 billion in the previous year, reflecting a growth of about 34.9%[21] - Total liabilities reached CNY 10.53 billion, up from CNY 8.37 billion, representing an increase of approximately 25.9%[17] - Shareholders' equity decreased to CNY 8.99 billion from CNY 9.35 billion, a decline of about 3.9%[17] - The company reported a significant increase in short-term borrowings, which rose to CNY 2.69 billion from CNY 973.92 million, an increase of approximately 176.5%[17] Investments and Income - The company reported an investment income of ¥18,330,523.49, marking a new recognition of investment income from joint ventures[13] - Other income amounted to ¥4,988,050.00, reflecting adjustments in government subsidies according to revised accounting standards[13] - The company reported investment income of ¥6,064,062.26 in Q3 2017, compared to no investment income in Q3 2016[25] Shareholder Information - The total number of shareholders reached 69,716 by the end of the reporting period[9] - The largest shareholder, Pinggao Group Co., Ltd., holds 40.30% of the shares[9] Dividend and Compensation - The company paid dividends totaling ¥588,668,087.78, an increase of 36.67% compared to the previous period[14] - The company paid ¥505,577,141.72 in employee compensation, which is a slight increase from ¥497,851,032.71 in the previous year[31] Product Development and Market Strategy - The company has not disclosed any new product developments or market expansion strategies in this report[6]