BRIGHT DAIRY(SH:600597)2016-10-27 16:00Financial Performance - Net profit attributable to shareholders of the listed company reached CNY 425,509,391, an increase of 69.45% year-on-year[7]. - Operating revenue for the period was CNY 15,466,456,552, reflecting a growth of 2.30% compared to the same period last year[7]. - Basic earnings per share increased to CNY 0.3475, representing a growth of 69.43% compared to the previous year[8]. - The weighted average return on net assets was 9.00%, an increase of 3.19 percentage points[8]. - Net profit for the first nine months was CNY 502,611,270, up from CNY 300,595,932, reflecting a growth of approximately 67.2%[43]. - Operating profit for the third quarter was CNY 219,185,271, compared to CNY 204,151,028 in the previous quarter, showing an increase of about 7.4%[43]. - Net profit for Q3 2016 was ¥65,184,202, compared to ¥31,923,353 in Q3 2015, reflecting a significant increase of 104%[46]. - The company reported no significant changes in net profit compared to the same period last year, indicating stable financial performance[30]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 15,395,336,150, a decrease of 0.33% compared to the previous year[7]. - The company's total equity increased to CNY 5,986,311,779 from CNY 5,263,147,048, marking an increase of approximately 13.7%[35]. - Total liabilities increased to CNY 5,765,854,027 from CNY 5,095,501,717, representing a growth of approximately 13.14%[39]. - Total current liabilities decreased to CNY 6,824,218,022 from CNY 7,069,867,652, reflecting a decline of about 3.5%[34]. - Current assets rose to CNY 6,256,893,315, up from CNY 5,659,819,136, indicating an increase of about 10.55%[37]. - Accounts receivable increased significantly to CNY 3,352,451,424 from CNY 2,407,463,523, a rise of approximately 39.2%[37]. - Inventory decreased significantly to CNY 1,415,449,760 from CNY 1,852,797,651, a reduction of approximately 23.5%[33]. Cash Flow - The net cash flow from operating activities was CNY 1,460,946,800, down 25.76% year-on-year[7]. - Cash flow from operating activities for the first nine months of 2016 was 11,383,726,527 RMB, down from 12,309,990,985 RMB in the same period of 2015, a decrease of about 7.5%[52]. - Cash and cash equivalents decreased to CNY 2,641,753,245 from CNY 3,319,519,684, representing a decline of approximately 20.4%[33]. - Cash and cash equivalents at the end of Q3 2016 totaled 2,641,753,245 RMB, down from 4,582,871,736 RMB at the end of Q3 2015, a decrease of about 42.5%[51]. - Cash inflow from investment increased by 6994.49% to CNY 173,814,920 from CNY 2,450,000[26]. - Cash outflow for dividend payments decreased by 51.70% to CNY 223,124,692 from CNY 461,963,841[26]. - Cash flow from operating activities for the first nine months of 2016 was ¥17,910,107,495, slightly down from ¥18,156,925,031 in the same period last year[49]. Shareholder Information - The total number of shareholders at the end of the reporting period was 46,235[12]. - The largest shareholder, Bright Food (Group) Co., Ltd., held 54.35% of the shares[14]. - The company has committed to not selling its shares for six months after the resignation of key executives, ensuring stability in shareholding[29]. Investments and Acquisitions - The company acquired 100% equity of Shanghai Dingjian Feed Co., Ltd. and Shanghai Guanniu Trading Co., Ltd. from its parent company, impacting previous year data adjustments[8]. - The company participated in a capital increase project with New Zealand Newlight Dairy Co., which was completed on October 17, 2016[28]. - The company is focused on expanding its market presence through strategic investments and partnerships, as evidenced by its involvement in the New Zealand dairy project[28]. Tax and Financial Adjustments - Income tax expenses surged by 120.94% to CNY 172,351,018 from CNY 78,009,183[21]. - Cash received from tax refunds decreased by 39.01% to CNY 111,224,475 from CNY 182,370,241[26]. - The company terminated a non-public offering and adjusted its financial reporting to enhance comparability with previous periods[9]. - The company terminated a private placement and revised its management systems in July 2016[26]. Financial Assets and Expenses - Financial assets measured at fair value increased by 3326.77% to CNY 164,675,855 from CNY 4,805,564[17]. - Deferred tax assets rose by 73.99% to CNY 538,518,268 from CNY 309,513,879[17]. - Short-term borrowings decreased by 38.50% to CNY 886,544,735 from CNY 1,441,437,692[17]. - Financial expenses increased by 45.37% to CNY 123,499,574 from CNY 84,953,215[21]. - The company reported a significant increase in sales expenses, totaling CNY 4,824,625,474 for the first nine months, compared to CNY 4,460,305,605 in the previous year, an increase of approximately 8.2%[41].