SPG(SH:600529)2017-10-23 16:00Financial Performance - Net profit attributable to shareholders rose by 53.62% to CNY 199,570,402.81 year-to-date[7] - Operating income increased by 17.75% to CNY 1,704,720,603.58 year-to-date[7] - Basic earnings per share increased by 30.23% to CNY 0.6574[7] - Total operating revenue for the first nine months of 2017 reached ¥1,704,720,603.58, an increase of 17.7% compared to ¥1,447,732,454.85 in the same period last year[29] - Operating profit for the third quarter was ¥81,993,827.21, up 25.7% from ¥65,256,016.97 in the previous year[31] - Net profit attributable to the parent company for the first nine months was ¥199,570,402.81, representing a 54.2% increase from ¥129,166,797.51 in the same period last year[32] - Year-to-date net profit for the first nine months was ¥182,071,510.59, an increase of 47.7% from ¥123,228,305.98 in the previous year[35] - Net profit for the third quarter was ¥59,794,480.70, representing a 30.2% increase compared to ¥45,912,459.99 in the same quarter last year[35] Assets and Liabilities - Total assets increased by 5.30% to CNY 4,111,116,651.83 compared to the end of the previous year[7] - Total assets as of the end of the third quarter amounted to ¥3,991,812,290.52, compared to ¥3,790,517,140.57 at the end of the previous year, reflecting a growth of 5.3%[27] - Total liabilities increased to ¥847,625,025.38, up from ¥771,608,629.30, marking a rise of 9.8%[27] - The company's total current assets reached ¥2,503,476,320.78, an increase of 6.9% from ¥2,340,513,687.02[26] Cash Flow - Cash flow from operating activities decreased by 39.68% to CNY 239,955,349.46 year-to-date[7] - Net cash flow from operating activities decreased by 39.68% year-on-year for the first nine months, mainly due to an increase in bank acceptance bills among recovered payments[19] - Cash flow from operating activities net amount was $246.32 million, a decrease of 29.1% compared to $347.77 million in the same period last year[42] - Cash inflow from investment activities totaled $1.49 billion, significantly up from $262.96 million year-over-year[42] - Cash outflow from investment activities was $1.52 billion, compared to $566.83 million in the previous year, resulting in a net cash flow from investment activities of -$30.71 million[42] - Cash flow from financing activities net amount was -$46.04 million, compared to -$39.41 million in the same period last year[42] - The net increase in cash and cash equivalents was $159.56 million, up from $10.44 million year-over-year[42] - Cash and cash equivalents decreased by 44.21% compared to the end of the previous year due to increased investment in guaranteed bank financial products[12] - Cash received from investment recoveries was $1.48 billion, a substantial increase from $261 million year-over-year[42] - Cash paid for the acquisition of fixed assets was $117.40 million, slightly down from $134.72 million in the previous year[42] Expenses - Management expenses increased by 43.14% year-on-year for the first nine months, primarily due to increased R&D expenditures[14] - The company reported a significant increase in management expenses, which rose to ¥150,917,124.32 from ¥105,429,596.77, reflecting a 42.9% increase[29] - Financial expenses increased by 245.25% year-on-year for the first nine months, mainly due to increased exchange losses[15] - Total cash outflow for employee payments was $188.53 million, an increase of 6.5% from $177.03 million year-over-year[42] - Total cash paid for taxes was $96.29 million, down from $108.75 million in the previous year, reflecting a decrease of 11.4%[42] Investments - Investment income increased by 2033.58% year-on-year for the first nine months, primarily due to increased returns from principal-protected bank wealth management products[17] - Cash and cash equivalents at the end of the period totaled ¥1,267,141,449.19, compared to ¥408,159,506.14 at the end of the same period last year[40] - Deferred income increased to ¥29,401,164.44, up from ¥26,197,094.44, showing a growth of 8.4%[27] Shareholder Information - The number of shareholders reached 12,520 at the end of the reporting period[9] - Dividend payable increased by 103.89% compared to the end of the previous year, primarily due to unpaid national stock dividends for 2016[11] Taxation - Tax payable decreased by 69.73% compared to the end of the previous year, mainly due to a reduction in realized taxes[10] - Operating tax and surcharges increased by 112.88% year-on-year for the first nine months, mainly due to adjustments in tax accounting content according to national regulations[13] Other - Other current assets increased by 300.02% primarily due to the purchase of guaranteed bank financial products[12] - Accounts receivable increased by 52.31% due to an increase in bank acceptance bills collected[12] - Other payables increased by 91.59% compared to the end of the previous year, mainly due to unpaid travel expenses for the sales department[12] - Asset impairment losses decreased by 89.01% year-on-year for the first nine months, mainly due to adjustments in the provision for bad debts in the previous year[16] - The gross profit margin for the third quarter was approximately 35.1%, compared to 33.5% in the same quarter last year[35] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[35]