BENEFO(SH:600468)2015-10-28 16:00Financial Performance - Operating revenue for the first nine months reached CNY 678,692,845.70, an increase of 13.93% year-on-year[6] - Net profit attributable to shareholders was CNY 33,388,586.67, representing a growth of 53.11% compared to the same period last year[6] - The weighted average return on equity increased to 5.16%, up by 1.58 percentage points from 3.58%[6] - Basic earnings per share rose to CNY 0.0732, reflecting a 53.14% increase from CNY 0.0478[6] - The company reported a net profit increase, with retained earnings rising from CNY 119,173,345.23 to CNY 137,963,787.90, an increase of about 15.7%[24] - Total profit for the first nine months was ¥46,393,900.58, an increase of 64.1% from ¥28,290,610.16 in the same period last year[33] - The company reported a total comprehensive income of ¥7,004,777.65 for Q3, compared to ¥7,808,332.63 in the same period last year[34] - Total comprehensive income for the third quarter reached CNY 29,577,623.54, compared to CNY 17,116,786.93 in the same period last year, reflecting a significant increase[37] Cash Flow and Assets - Cash flow from operating activities generated CNY 9,755,558.78, a significant recovery from a negative cash flow of CNY -37,360,004.26 in the previous year[6] - Cash and cash equivalents decreased by 38.72% to ¥186,732,713.98 from ¥304,745,275.94 due to loan repayments and increased investments[13] - Total current assets decreased from CNY 843,172,954.27 to CNY 750,502,113.67, a decline of approximately 11%[22] - Cash and cash equivalents dropped significantly from CNY 304,745,275.94 to CNY 186,732,713.98, a decrease of around 39%[22] - The company incurred cash outflows of CNY 75,671,191.48 for investment activities, compared to CNY 19,509,346.62 in the previous year, resulting in a net cash outflow of CNY -75,106,883.48[41] - Cash flow from operating activities generated a net cash inflow of CNY 9,755,558.78, a turnaround from a net outflow of CNY -37,360,004.26 in the previous year[40] Shareholder Information - The total number of shareholders at the end of the reporting period was 16,510[10] - The largest shareholder, Tianjin Hydraulic Machinery Group Co., Ltd., held 60.50% of the shares[10] - The company plans to issue shares privately, which has been approved by the board and awaits final approval from the China Securities Regulatory Commission[14] - The company commits to distributing dividends in cash, stock, or a combination thereof, with a minimum of 30% of the distributable profits over the last three years being distributed in cash[18] - The company will not reduce its holdings in Baoli Electric shares for six months following the completion of the non-public issuance of A shares[18] Liabilities and Equity - Total liabilities decreased from CNY 789,244,002.36 to CNY 738,844,469.88, a reduction of about 6%[24] - Owner's equity increased from CNY 737,824,318.47 to CNY 756,143,626.67, reflecting a growth of approximately 2.5%[24] - Short-term borrowings decreased by 33.35% to ¥49,990,000.00 from ¥75,000,000.00 as a result of loan repayments[13] Operational Highlights - The company reported a 44.98% increase in sales revenue to ¥571,294,200.20 from ¥394,052,273.88 due to increased cash receipts from sales[13] - Total operating revenue for Q3 was ¥230,227,903.19, a decrease of 2.9% compared to ¥235,185,423.84 in the same period last year[32] - Total operating costs for Q3 were ¥225,627,596.75, down 4.5% from ¥236,339,378.66 year-over-year[32] - Operating profit for Q3 was ¥7,611,437.20, a slight decrease of 3.5% from ¥7,886,210.22 in the previous year[32] - Management expenses for Q3 were ¥26,531,601.08, slightly down from ¥27,168,033.56 year-over-year[32] Future Plans and Commitments - The company plans to focus on market expansion and new product development in the upcoming quarters[36] - The company aims to minimize or avoid related transactions with Baoli Electric and its subsidiaries in future operations[17] - The company guarantees that any unavoidable related transactions will adhere to fair market pricing principles[17] - The company has a commitment to prioritize the acquisition of new technologies and products developed by its subsidiaries[17] - The company will ensure that any related transactions are conducted in compliance with relevant laws and regulations[17] - The company has pledged to avoid any new business competition with its subsidiaries[17] - The company will provide Baoli Electric with the right of first refusal for any assets or businesses related to its operations[17]