SPM(SH:600459)2017-10-25 16:00Financial Performance - Operating revenue for the first nine months was CNY 11.27 billion, a 50.37% increase compared to the same period last year[6] - Net profit attributable to shareholders increased by 55.62% year-on-year, amounting to CNY 88.61 million[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 138.17%, totaling CNY 77.73 million[6] - Basic earnings per share rose by 54.55% to CNY 0.34 per share[6] - Total operating revenue for the third quarter reached ¥3,902,872,822.54, a 34.6% increase from ¥2,899,776,600.84 in the same period last year[30] - Net profit attributable to the parent company was ¥27,530,621.63, representing a 72.5% increase compared to ¥15,981,374.63 in the previous year[32] - Year-to-date operating revenue reached ¥11,266,763,878.89, a significant increase from ¥7,492,757,909.03 in the previous year[30] - Year-to-date net profit attributable to the parent company was ¥88,606,627.80, up from ¥56,937,440.86 in the same period last year[32] Asset and Liability Changes - The company's total assets increased by 47.70% year-on-year, reaching approximately CNY 5.08 billion at the end of the reporting period[6] - Total assets increased to CNY 5,075,673,178.06 from CNY 3,436,541,473.05, representing a growth of approximately 47.7% year-over-year[24] - Current liabilities rose to CNY 2,134,712,981.62, up from CNY 1,192,862,225.84, indicating an increase of about 79%[24] - Total liabilities reached CNY 3,058,763,469.85, compared to CNY 1,491,576,829.15, which is an increase of approximately 105.5%[24] - The company's equity increased to CNY 2,016,909,708.21 from CNY 1,944,964,643.90, reflecting a growth of approximately 3.7%[24] Cash Flow and Financing - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 885.07 million compared to a net inflow of CNY 133.30 million in the previous year[6] - Cash flow from operating activities decreased by 763.97% year-on-year, resulting in a net outflow of CNY 885,074,040.00, due to increased capital requirements for expanded operations[18] - The cash flow from investment activities showed a positive trend, with total cash inflows of $11,834,247.50 compared to $10,182,047.40 in the previous period[43] - Cash inflow from financing activities totaled $1,901,990,504.50, compared to $391,448,814.58 in the prior year, indicating a substantial increase[43] - The net increase in cash and cash equivalents for the period was $250,667,504.78, contrasting with a decrease of -$98,908,667.14 in the previous year[43] Inventory and Receivables - The company reported a substantial increase in inventory, which rose by 51.75% to approximately CNY 1.64 billion[12] - Inventory increased by 51.75% year-on-year to CNY 1,637,929,344.49, driven by expanded sales scale[13] - Other receivables surged by 528.09% year-on-year, primarily due to fluctuations in hedging tool profits[13] - Prepayments increased by 290.75% year-on-year, reflecting higher advance payments for raw material purchases[13] Operating Costs and Expenses - Operating costs rose by 50.48% year-on-year to CNY 10,978,446,173.30, reflecting the increased sales scale[15] - Financial expenses increased by 74.02% year-on-year to CNY 56,611,756.82, primarily due to a rise in bank loan scale[16] - Management expenses for the third quarter were ¥33,902,775.87, slightly higher than ¥31,132,906.08 in the previous year[31] - Financial expenses increased to ¥22,844,936.99 from ¥11,195,288.43 year-over-year[31] Government Support - The company received government subsidies amounting to CNY 5.73 million during the reporting period, contributing to its non-operating income[6]