Grandblue Environment (SH:600323)2015-10-29 16:00Financial Performance - Operating revenue for the first nine months rose by 46.43% to CNY 2,526,702,586.83 year-on-year[7] - Net profit attributable to shareholders increased by 28.28% to CNY 319,484,917.95 for the first nine months[7] - Cash flow from operating activities surged by 90.69% to CNY 928,498,142.44 year-on-year[7] - Total revenue for Q3 2015 reached ¥861,997,639.13, a significant increase of 44.9% compared to ¥594,765,714.67 in Q3 2014[27] - Year-to-date revenue for the first nine months of 2015 was ¥2,526,702,586.83, up 46.5% from ¥1,725,503,387.86 in the same period last year[27] - The net profit attributable to the parent company for the first nine months of 2015 was CNY 319,484,917.95, compared to CNY 249,046,536.72 in the previous year, representing a growth of approximately 28.3%[29] - The total comprehensive income attributable to the parent company for the first nine months of 2015 was CNY 356,895,188.94, compared to CNY 282,522,605.59 in the same period last year, reflecting an increase of approximately 26.3%[29] Assets and Liabilities - Total assets increased by 7.96% to CNY 11,853,394,474.52 compared to the end of the previous year[7] - Total liabilities decreased to ¥7,056,187,462.21 from ¥7,291,490,699.54, indicating a reduction of 3.2%[23] - Non-current assets totaled ¥10,141,956,271.64, an increase of 7.6% from ¥9,423,712,981.62 at the start of the year[22] - Current liabilities decreased significantly to ¥2,753,930,798.39 from ¥3,651,525,585.76, a reduction of 24.6%[22] - Long-term borrowings increased to ¥3,213,564,499.00 from ¥2,796,216,174.00, representing a rise of 14.9%[23] - The company's equity attributable to shareholders rose to ¥4,310,261,839.54, up 29.5% from ¥3,329,055,932.41 at the beginning of the year[23] Cash Flow - The total cash inflow from operating activities for the first nine months of 2015 was CNY 3,024,370,006.78, a significant increase from CNY 1,985,401,269.24 in the same period last year, representing a growth of approximately 52.4%[34] - The net cash flow from operating activities for the first nine months of 2015 was CNY 928,498,142.44, compared to CNY 486,926,707.80 in the previous year, indicating an increase of about 90.7%[35] - The total cash outflow from investment activities was CNY 2,033,803,040.16, up from CNY 679,252,917.99 in the same period last year, reflecting a rise of approximately 199.5%[35] - The net cash flow from financing activities for the first nine months of 2015 was CNY 943,474,741.27, compared to CNY 216,302,266.85 in the previous year, showing an increase of about 336.5%[35] - The ending balance of cash and cash equivalents as of September 30, 2015, was CNY 1,110,068,265.52, compared to CNY 755,855,101.14 at the end of the same period last year, representing an increase of approximately 46.9%[36] Shareholder Information - The number of shareholders reached 28,907, with the top ten shareholders holding a combined 53.06% of shares[10] - The company has a commitment from Nanhai Holdings to not reduce its shareholding in the company for twelve months starting from July 8, 2015[19] - The company has also secured a commitment from the Water Supply Group to refrain from engaging in any business that constitutes competition with the company starting from December 20, 2000[19] Operational Costs - Operating costs increased to ¥172,024.21 million, up ¥56,244.54 million or 48.58% from ¥115,779.67 million in the previous year, primarily due to higher costs in gas, water supply, and solid waste management[13] - The company reported a total operating cost of CNY 733,910,193.62 for the first nine months of 2015, compared to CNY 474,251,121.54 for the same period in 2014, reflecting an increase of about 54.7%[28] - The company incurred financial expenses of CNY 73,375,679.84 in Q3 2015, which is a significant increase from CNY 24,281,416.34 in Q3 2014, indicating a rise of about 202.5%[28] Government Support - The company received government subsidies amounting to CNY 43,455,267.25 during the first nine months[10] - Cash flow from investment activities saw a dramatic increase of 10,783.48% to ¥42,979.19 million, primarily from government subsidies and compensation payments[15]