Shanghai Huayi (SH:600623)2017-10-25 16:00Financial Performance - Operating revenue for the period reached CNY 36.34 billion, a 12.64% increase year-on-year [8]. - Net profit attributable to shareholders increased by 136.40% to CNY 333.38 million compared to the same period last year [8]. - Basic earnings per share rose by 45.27% to CNY 0.18 per share [8]. - The company reported a weighted average return on equity of 2.34%, an increase of 0.70 percentage points compared to the previous year [8]. - The total comprehensive income increased by 82.24% to CNY 296,853,019.45, reflecting the rise in net profit attributable to shareholders [15]. - The company's net profit attributable to shareholders increased by 45.27% to CNY 384,484,418.26, driven by the aforementioned factors [15]. - The total profit for the first nine months was CNY 194,287,288.05, down from CNY 364,857,061.70 in the previous year, indicating a decrease of 46.7% [34]. Cash Flow - Net cash flow from operating activities showed a significant decline, reporting a net outflow of CNY 141.41 million compared to a net inflow of CNY 1.19 billion in the same period last year, a decrease of 111.91% [7]. - The net cash flow from operating activities was -CNY 141,409,747.01, a decrease of 111.91% compared to the same period last year, primarily due to increased loan issuance by subsidiaries and rising raw material prices [15]. - The company reported a net cash outflow from operating activities of CNY -141,409,747.01 for the first nine months, compared to a net inflow of CNY 1,187,262,951.81 in the previous year [36]. - Total cash inflow from operating activities for the first nine months of 2017 was ¥2,277,696,132.11, down from ¥5,443,172,043.63 in the previous year [39]. - The company experienced a net cash outflow from investment activities of ¥-1,207,568,794.35, compared to ¥-227,785,938.54 in Q3 2016 [37]. - The company’s cash flow from investment activities showed a net inflow of ¥19,251,300.40 in Q3 2017, compared to a net outflow of ¥-280,885,783.40 in Q3 2016 [39]. Assets and Liabilities - Total assets increased by 2.41% to CNY 37.20 billion compared to the end of the previous year [7]. - Total current assets increased to ¥17,752,326,824.61 from ¥17,306,768,088.83, representing a growth of approximately 2.57% [22]. - Total liabilities rose to ¥17,747,214,754.66 from ¥16,976,035,920.02, indicating an increase of approximately 4.53% [24]. - Total non-current assets reached ¥19,442,861,970.07, up from ¥19,013,418,973.61, representing an increase of approximately 2.26% [23]. - The company’s total assets as of the end of Q3 2017 were ¥18,846,699,933.27, compared to ¥18,526,615,168.43 at the end of Q3 2016 [28]. Shareholder Information - The company had a total of 74,995 shareholders at the end of the reporting period [12]. - The largest shareholder, Shanghai Huayi (Group) Company, held 42.1% of the shares, totaling 892,963,373 shares [12]. Expenses - The company's financial expenses increased by 45.77% to CNY 226,823,225.88, mainly due to exchange losses and an increase in total borrowings [15]. - The company’s financial expenses for Q3 2017 were ¥87,157,298.83, an increase from ¥51,372,444.75 in Q3 2016, indicating a rise of 69.7% [31]. - The company recorded a significant increase in financial expenses, totaling CNY 77,250,221.26 for the first nine months, compared to CNY 37,382,606.79 in the previous year, an increase of 106.5% [33]. Investment and Income - Non-operating income for the period totaled CNY 29.02 million, with a year-to-date total of CNY 51.10 million [11]. - The company's interest income rose by 71.75% to CNY 135,091,669.24, attributed to increased interbank placements by subsidiaries [15]. - The company’s investment income for the first nine months of 2017 was ¥175,946,027.00, down from ¥355,306,491.52 in the same period last year [31]. - Investment income for the first nine months was CNY 258,697,674.45, significantly up from CNY 111,002,105.42 in the same period last year, marking an increase of 133.3% [33].