GACO(SH:600523)2016-10-27 16:00Financial Performance - Operating revenue for the first nine months was CNY 2,376,888,749.68, an increase of 8.43% year-on-year[7] - Net profit attributable to shareholders for the first nine months was CNY 104,138,380.30, representing a growth of 14.22% compared to the same period last year[7] - Net cash flow from operating activities for the first nine months was CNY 166,743,713.46, up 90.74% year-on-year[7] - Total operating revenue for the third quarter reached ¥799,772,938.85, an increase of 21.7% compared to ¥656,647,343.08 in the same period last year[26] - Year-to-date revenue for the first nine months was ¥2,376,888,749.68, up 8.4% from ¥2,192,016,545.85 in the previous year[26] - Net profit for Q3 2016 reached CNY 32,233,708.15, compared to CNY 20,417,014.52 in Q3 2015, indicating a year-over-year increase of about 58.5%[28] - The company reported a total profit of CNY 35,888,896.34 for Q3 2016, up from CNY 19,198,882.11 in Q3 2015, which is an increase of approximately 87.0%[28] - Net profit for the first nine months of 2016 reached CNY 36,981,465.74, up from CNY 24,325,598.10 in the same period last year, reflecting a year-over-year increase of 51.8%[32] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,753,904,593.45, a decrease of 0.34% compared to the end of the previous year[7] - Total liabilities decreased to ¥1,363,239,625.38 from ¥1,573,754,131.94 at the start of the year, reflecting a reduction of approximately 13.4%[21] - Current liabilities totaled ¥1,350,290,367.64, down from ¥1,547,225,772.98, indicating a decrease of about 12.7%[21] - The company's total current assets increased from CNY 2,544,842,555.87 to CNY 2,634,147,741.64, reflecting a growth of 3.5%[19] - The company's fixed assets decreased from CNY 685,006,567.26 to CNY 643,111,261.07, a decline of 6.1%[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 22,521[11] - The largest shareholder, China Aviation Automobile Group, held 37.01% of the shares[11] Cash Flow - Cash flow from operating activities for the first nine months of 2016 was CNY 166,743,713.46, compared to CNY 87,416,687.74 in the previous year, showing an increase of 90.5%[33] - Cash inflow from investment activities totaled $164.41 million, a substantial increase of 77% compared to $92.82 million in the previous year[36] - Net cash flow from investment activities was $133.61 million, up from $39.76 million, indicating a growth of 236% year-over-year[36] - The ending balance of cash and cash equivalents was $257.51 million, up from $199.29 million year-over-year, marking a 29.2% increase[37] Government Subsidies - The company received government subsidies amounting to CNY 11,218,118.99 during the first nine months[9] - The company reported an increase in government subsidies by 63.64% from CNY 11,222,918.74 to CNY 18,365,596.85[14] Expenses - Operating expenses for the first nine months of 2016 totaled CNY 628,633,663.35, compared to CNY 615,933,065.13 in the same period last year, reflecting a slight increase of about 2.7%[30] - The company’s management expenses for the first nine months of 2016 were CNY 125,301,621.00, up from CNY 92,464,339.12 in the previous year, indicating an increase of approximately 35.5%[30] - Sales expenses for the first nine months of 2016 amounted to CNY 50,960,498.92, compared to CNY 43,214,211.56 in the same period last year, representing an increase of about 17.5%[30] Investment Income - Investment income for Q3 2016 was CNY 18,195,904.02, compared to CNY 10,146,398.65 in Q3 2015, representing an increase of about 79.5%[27] - The company received $70.33 million in investment income, which is an increase from $60.90 million in the previous year, representing a growth of 15.9%[36]