JCET(SH:600584)2017-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 16.86 billion, a 26.93% increase year-on-year[6] - Net profit attributable to shareholders for the first nine months was CNY 165.18 million, up 176.63% from the previous year[6] - Net profit attributable to the parent company increased by 176.63% from 59,713,632.26 to 165,184,804.54, driven by growth in original long-term electricity and JSCK turning profitable[13] - The company reported a net loss of CNY 353.54 million after deducting non-recurring gains and losses for the first nine months[6] - Total operating revenue for the first nine months of 2017 reached ¥16,859,806,240.53, an increase of 27.5% compared to ¥13,282,950,673.51 in the same period last year[28] - The net profit attributable to the parent company for the first nine months of 2017 was ¥165,184,804.54, compared to ¥59,713,632.26 in the same period last year, representing an increase of 176.5%[29] - The operating profit for the third quarter was ¥50,718,870.84, a recovery from a loss of ¥174,787,463.06 in the same quarter last year[29] - The company reported a net profit of ¥80,362,769.41 for the third quarter, compared to a loss of ¥112,606,752.02 in the same quarter last year[29] - Net profit for the first nine months of 2017 was ¥210,273,051.94, up from ¥142,701,110.59 in the same period last year, representing a growth of 47.2%[33] Assets and Liabilities - Total assets increased by 5.12% to CNY 31.24 billion compared to the end of the previous year[6] - The company's total capital reserve increased by 181.93% from 2,413,692,361.17 to 6,804,941,744.83 due to share issuance for asset acquisition[12] - The company's total liabilities decreased from CNY 23.05 billion at the beginning of the year to CNY 21.91 billion, representing a reduction of approximately 4.95%[20] - The total liabilities as of the end of the reporting period amounted to ¥8,375,303,019.97, an increase from ¥7,981,130,107.13 at the end of the previous period[28] - The company's equity attributable to shareholders increased significantly from CNY 4.59 billion to CNY 9.19 billion, a growth of approximately 99.57%[20] - The company's current assets reached CNY 9.30 billion, up from CNY 7.74 billion at the beginning of the year, indicating an increase of about 20.26%[18] - The company's financial liabilities decreased by 65.99% from 440,249,987.69 to 149,729,704.37 due to the fulfillment of minimum procurement commitments[12] - The non-current liabilities decreased from CNY 11.66 billion to CNY 11.03 billion, indicating a decline of approximately 5.41%[20] Cash Flow - Net cash flow from operating activities increased by 76.16% to CNY 2.62 billion for the first nine months[6] - Cash flow from operating activities increased by 76.16% from 1,486,435,016.04 to 2,618,439,049.40 due to increased revenue and cash collection[13] - The net cash flow from operating activities for the first nine months of 2017 was ¥2,618,439,049.40, compared to ¥1,486,435,016.04 in the previous year, indicating a year-on-year increase of 76.2%[37] - Total cash inflow from operating activities for the first nine months of 2017 was ¥17,086,322,905.42, compared to ¥12,933,266,187.27 in the previous year, marking an increase of 32.5%[37] - The total cash inflow from financing activities reached CNY 6,930,069,336.07, significantly higher than CNY 3,521,487,520.10 in the previous year, marking an increase of approximately 96.5%[41] - The net cash flow from financing activities was CNY 3,041,111,706.93, up from CNY 1,193,631,126.46 year-on-year, reflecting a growth of approximately 154.5%[41] - Cash received from investment activities was CNY 163,845,433.22, compared to CNY 121,689,606.53 in the previous year, marking an increase of approximately 34.6%[40] Shareholder Information - The top three shareholders do not have any concerted action relationship, ensuring diversified ownership[11] - The company plans to raise up to 455 million through a private placement of A-shares to five specific investors, with a lock-up period of 36 months[14] Other Financial Metrics - The weighted average return on net assets increased by 1.05 percentage points to 2.41%[7] - The diluted earnings per share for the third quarter was CNY 0.12, a 100% increase compared to the same period last year[7] - The company incurred financial expenses of ¥776,512,623.99 for the first nine months, an increase from ¥704,770,670.81 in the same period last year[28] - The gross profit margin for Q3 2017 was approximately 11.97%, compared to 12.5% in Q3 2016, reflecting a slight decline[32] - Basic earnings per share for Q3 2017 were ¥0.05, unchanged from the same period last year[34] - The company incurred financial expenses of ¥53,472,140.58 in Q3 2017, down from ¥77,040,232.23 in Q3 2016, showing a reduction of 30.6%[32]