BENEFO(SH:600468)2017-10-29 16:00Financial Performance - Operating revenue for the period was ¥952,194,848.07, representing a significant growth of 34.29% year-on-year[7] - Net profit attributable to shareholders was ¥47,431,374.67, an increase of 21.58% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 602.92% to ¥33,272,651.57[7] - Total operating revenue for Q3 2017 reached ¥359,460,799.05, a 47% increase compared to ¥244,532,147.56 in Q3 2016[32] - The total profit for the first nine months of 2017 was ¥67,398,359.33, compared to ¥53,797,065.46 in the same period of 2016, marking a 25% increase[33] - Operating profit for the first nine months of 2017 was ¥66,139,654.04, up from ¥29,959,429.99 in the previous year, reflecting a growth of 121%[32] - The company reported a total comprehensive income of ¥52,452,839.06 for the first nine months of 2017, compared to ¥43,463,278.72 in the same period of 2016, an increase of 21%[34] Earnings and Shareholder Information - Basic and diluted earnings per share decreased by 20.30% to ¥0.0585[7] - The total number of shareholders at the end of the reporting period was 22,218[12] - The top shareholder, Tianjin Hydraulic Machinery (Group) Co., Ltd., held 51.04% of the shares[12] - Earnings per share (EPS) for Q3 2017 was ¥0.0185, down from ¥0.0225 in Q3 2016, representing a decline of 18%[34] - The company reported a basic earnings per share of ¥0.00 and diluted earnings per share of ¥0.00 for the third quarter[37] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥160,393,576.79, compared to -¥70,395,571.19 in the same period last year[7] - Cash inflow from operating activities reached ¥797,067,433.97, up from ¥645,069,439.35 year-on-year, while cash outflow was ¥957,461,010.76, leading to a net cash flow from operating activities of -¥160,393,576.79[40] - The ending balance of cash and cash equivalents was ¥320,399,960.40, compared to ¥337,699,166.82 at the end of the previous year[41] - The company received cash from sales of goods and services amounting to ¥719,341,470.21, an increase from ¥589,016,743.28 year-on-year[40] - The company paid ¥656,190,027.29 for goods and services, compared to ¥458,481,990.84 in the previous year[40] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,666,227,282.38, a slight increase of 0.04% compared to the end of the previous year[7] - The company's current assets totaled CNY 1,824,883,255.37, down from CNY 1,833,623,523.99 at the start of the year, indicating a decrease of approximately 0.04%[23] - Accounts receivable increased by 48.38% to ¥673,622,390.91, attributed to increased sales revenue with payments not yet received[15] - The total liabilities decreased to CNY 757,373,720.13 from CNY 776,841,958.01, reflecting a reduction of approximately 2.5%[25] - The company's equity attributable to shareholders rose to CNY 1,779,292,903.37 from CNY 1,751,013,005.30, marking an increase of about 1.6%[25] Expenses and Investments - Research and development expenses rose by 53.99% to ¥15,082,945.51, reflecting the company's increased investment in R&D[15] - The company’s income tax expenses increased by 32.79% to ¥11,862,145.27, primarily due to an increase in net profit[16] - The company’s management expenses for Q3 2017 were ¥43,761,848.91, compared to ¥41,190,947.22 in Q3 2016, showing an increase of 6%[32] - Investment income for the first nine months of 2017 was ¥16,000,722.46, down from ¥19,405,009.71 in the same period of 2016, a decrease of 18%[32] - The company’s investment activities resulted in a significant cash outflow of ¥39,022,785.44 for the purchase of fixed assets, compared to ¥26,635,038.13 in the previous year[41] Strategic Initiatives - The company plans to seek cooperation with advanced energy storage technology companies to enhance profitability and operational performance[19] - The company terminated its major asset restructuring plan due to difficulties in reaching an agreement on the valuation of intangible assets[19]