GWYD(SH:600517)2016-10-25 16:00Financial Performance - Operating revenue for the first nine months reached CNY 4,479,662,083.66, a 15.77% increase year-on-year [7]. - Net profit attributable to shareholders increased by 100.20% to CNY 274,186,323.37 compared to the same period last year [7]. - The basic earnings per share doubled to CNY 0.2 from CNY 0.1 in the same period last year [7]. - The company reported a 351.97% increase in net profit after deducting non-recurring gains and losses, reaching CNY 225,641,980.66 [7]. - The weighted average return on equity increased by 3.77 percentage points to 8.37% [7]. - The company reported a significant increase of 44.93% in non-operating income to ¥32,387,076.15, mainly from government grants and high-tech achievement transformations [16]. - The company reported a total comprehensive income of ¥80,315,004.33 for Q3 2016, compared to ¥76,792,251.85 in Q3 2015, an increase of approximately 4.5% [30]. - The net profit for the first three quarters of 2016 was ¥99,617,452.40, compared to a net loss of ¥38,621,291.54 in the previous year, marking a turnaround in profitability [32]. Cash Flow - The net cash flow from operating activities improved significantly, with a reduction in outflow to CNY -311,939,078.84 from CNY -752,849,327.39 in the previous year [6]. - The company's net cash flow from operating activities increased by ¥440,910,248.55 compared to the same period last year, due to higher cash collections [16]. - The cash flow from operating activities for the first three quarters of 2016 was negative at -¥311,939,078.84, an improvement from -¥752,849,327.39 in the same period last year [34]. - The company reported a total cash outflow from operating activities of $247.58 million, compared to $234.10 million in the previous year [38]. - The company’s cash flow from operating activities remains negative, highlighting ongoing operational challenges despite improvements in investment and financing activities [38]. Assets and Liabilities - Total assets increased by 4.47% to CNY 9,285,157,184.80 compared to the end of the previous year [6]. - Total current assets increased to CNY 7,209,798,628.97 from CNY 6,844,695,196.10, representing a growth of approximately 5.34% [20]. - Total liabilities rose to CNY 5,744,231,344.34 from CNY 5,496,903,730.67, marking an increase of about 4.5% [22]. - The company's total liabilities for notes payable increased by 32.85% to ¥1,161,413,221.66, primarily due to an increase in bank acceptance bills [14]. - The company's construction in progress balance increased by 49.40% to ¥94,830,389.59, mainly due to investments in energy-saving and electrical engineering projects [14]. - The total assets as of the end of Q3 2016 were ¥3,844,331,128.91, up from ¥3,711,971,746.24 at the end of Q3 2015, reflecting an increase of about 3.6% [26]. Investments and Acquisitions - The company completed a major asset restructuring by acquiring 100% equity of Wuhan Nari, enhancing its market position [7]. - The company's financial assets measured at fair value increased by 48.85% to ¥124,395,689.20, mainly due to the acquisition of tradable CCER carbon assets [13]. - The company received $265 million from investment recoveries, significantly higher than $130 million in the previous year, reflecting better investment management [38]. Operating Costs - Operating costs rose by 15.30% to ¥3,752,918,900.12, in line with the increase in revenue from the Wuhan NARI segment [14]. - The company incurred total operating expenses of ¥188,129,620.34 for the first three quarters of 2016, which is a substantial increase from ¥85,856,778.54 in the same period last year [32]. Government Support - Government subsidies recognized during the reporting period amounted to CNY 27,838,315.87, contributing positively to the financial results [9]. - Non-recurring gains and losses totaled CNY 18,021,373.24 for the reporting period, reflecting various adjustments and government support [10].