ATLANTIC(SH:600558)2017-10-26 16:00Financial Performance - Operating revenue for the first nine months rose by 21.91% to CNY 1,544,756,492.04 year-on-year[8] - Net profit attributable to shareholders decreased by 13.59% to CNY 33,460,881.68 compared to the same period last year[8] - Operating profit for the first nine months of 2017 was ¥49,642,137.55, a decrease of 7.5% from ¥53,322,848.46 in the same period of 2016[31] - Total operating revenue for Q3 2017 reached ¥539,157,680.07, an increase of 17.6% compared to ¥458,418,302.40 in Q3 2016[31] - Net profit attributable to the parent company was ¥10,887,224.87 for Q3 2017, up from ¥10,064,406.37 in Q3 2016, reflecting an increase of 8.2%[33] - The total comprehensive income for Q3 2017 was ¥13,126,544.93, compared to ¥11,215,465.55 in Q3 2016, marking an increase of 17.0%[33] Cash Flow - Cash flow from operating activities showed a significant decline of 490.23%, resulting in a net outflow of CNY 93,270,634.07[8] - The net cash flow from operating activities was -92.37 million RMB, a decrease of 117.17 million RMB compared to the same period last year, primarily due to an increase in cash paid for goods and services exceeding the increase in cash received from sales[19] - Operating cash inflow for the period reached CNY 1,142,853,698.73, an increase of 7.3% compared to CNY 1,065,467,514.65 in the previous year[37] - Total cash outflow for operating activities was CNY 1,236,124,332.80, an increase of 18.7% from CNY 1,041,566,252.27 in the previous year[37] - Cash inflow from sales of goods and services was CNY 1,135,174,049.50, an increase of 7.6% compared to CNY 1,055,259,223.18 last year[37] Assets and Liabilities - Total assets increased by 6.88% to CNY 2,865,037,192.62 compared to the end of the previous year[8] - Total liabilities were 804.79 million RMB, an increase from 634.34 million RMB at the beginning of the year[28] - The company's total equity was 2,060.25 million RMB, compared to 2,046.29 million RMB at the beginning of the year[28] - Accounts receivable increased by 133.51% compared to the beginning of the period, attributed to a policy of advance credit sales[14] - Short-term borrowings grew by 36.31% due to an increase in bank loans during the period[15] - Other payables surged by 195.44%, primarily due to an increase in estimated project payments[15] - Total liabilities increased to ¥473,655,080.94 in Q3 2017 from ¥277,209,673.20 in Q3 2016, representing a growth of 70.7%[30] - The company's total equity rose to ¥1,767,856,216.56 in Q3 2017, compared to ¥1,748,059,299.68 in Q3 2016, indicating a growth of 1.7%[30] Investment Activities - The net cash flow from investing activities was -28 million RMB, a decrease of 28.13 million RMB compared to the same period last year, mainly due to increased cash payments for the acquisition of fixed assets, intangible assets, and other long-term assets[19] - Cash inflow from investment activities totaled CNY 406,462,710.53, significantly higher than CNY 219,479,048.20 in the previous year, marking an increase of 84.9%[39] - Net cash flow from investment activities was negative CNY 27,999,467.54, compared to a positive CNY 129,469.53 last year[39] - The company reported a significant increase in cash inflow from investment recoveries, reaching CNY 400,000,000.00, compared to CNY 213,000,000.00 in the previous year, representing an increase of 87.6%[41] Financial Expenses and Tax - Tax expenses increased by 67.18% compared to the same period last year, influenced by changes in accounting treatment for certain taxes[16] - Financial expenses rose by 42.53%, mainly due to increased net interest expenses[17] - Operating income from non-recurring items decreased by 45.61%, largely due to a reduction in government subsidies[18] Company Changes - The company is undergoing a significant change in control, with the major shareholder transferring shares to a state-owned enterprise, which may impact future operations and governance[22]