SHD(SH:600630)2017-10-25 16:00Financial Performance - Net profit attributable to shareholders rose by 52.46% to CNY 107,282,617.62 for the first nine months of the year[6] - Operating revenue for the first nine months was CNY 2,822,866,660.21, reflecting a slight increase of 0.64% year-on-year[6] - The company reported a basic and diluted earnings per share of CNY 0.25, up 47.06% from CNY 0.17[7] - Net profit for the period was CNY 71,004,176.50, compared to CNY 20,002,539.38 in the same period last year, representing a significant increase of 254.9%[25] - Net profit for the first nine months of 2017 reached CNY 81,778,127.06, compared to CNY 37,124,368.31 for the same period in 2016, representing a growth of 120.4%[28] - The total comprehensive income attributable to the parent company for Q3 2017 was CNY 70,552,173.37, compared to CNY 70,164,427.77 in Q3 2016[28] Assets and Liabilities - Total assets increased by 6.62% to CNY 2,750,423,701.76 compared to the end of the previous year[6] - The company's total liabilities increased to 930,324,981.76 RMB from 868,634,734.12 RMB, reflecting a rise in short-term borrowings[19] - Current assets rose to CNY 897,878,505.18, up from CNY 804,784,913.05, marking an increase of about 11.5%[21] - Total liabilities decreased to CNY 382,101,427.21 from CNY 445,987,255.72, a reduction of approximately 14.3%[22] - The company's total equity rose to CNY 1,429,079,109.27 from CNY 1,347,300,982.21, an increase of about 6.1%[23] Cash Flow - The net cash flow from operating activities showed a significant decline, with a negative value of CNY 338,439,784.03 compared to a negative CNY 121,352,971.48 in the same period last year[6] - Cash flow from operating activities for the first nine months of 2017 was negative CNY 338,439,784.03, worsening from negative CNY 121,352,971.48 in the same period of 2016[31] - The total cash inflow from operating activities for the first nine months of 2017 was CNY 6,126,546,423.83, compared to CNY 4,128,235,968.00 in the same period of 2016[31] - The total cash outflow from operating activities for the first nine months of 2017 was CNY 6,464,986,207.86, compared to CNY 4,249,588,939.48 in the same period of 2016[31] - Cash inflow from financing activities was CNY 40,871,881.70, compared to CNY 20,010,000.00 in the same period last year[36] - Net cash flow from financing activities was CNY 12,612,918.50, a recovery from negative CNY 120,350,218.96 in the previous year[36] Investment and Income - Investment income surged to 90,070,354.84 RMB, a 990.68% increase from 8,258,170.27 RMB year-on-year, primarily due to gains from equity method investments[12] - The company completed the transfer of a 21.13% stake in Shanghai Jiao Tong University Science Park Co., Ltd. for 164 million RMB, resulting in a net gain of approximately 53 million RMB, which is expected to significantly boost net profit for the year[14] - Investment income surged to CNY 89,992,336.83 from CNY 1,365,202.06, showcasing a substantial increase[25] - Non-operating income and expenses totaled CNY 70,308,557.12 for the reporting period[8] Inventory and Accounts Payable - Inventory increased by 48.78% to CNY 1,216,231,357.87 due to changes in channel transformation[11] - Accounts payable rose by 41.63% to CNY 225,029,680.45, indicating increased supplier payments[11] - The company's inventory increased to 1,216,231,357.87 RMB from 817,480,305.49 RMB, indicating a strategic buildup of stock[18] Operational Costs and Expenses - Operating costs increased to CNY 936,104,121.82 from CNY 849,636,081.67, reflecting a rise of approximately 10.2%[24] - The company reported a significant increase in sales expenses, which rose to CNY 24,243,910.08 in Q3 2017 from CNY 14,917,639.67 in Q3 2016, reflecting a growth of 62.5%[28] - The company reported a significant decrease in financial expenses by 54.12%, down to 5,837,938.72 RMB, attributed to increased foreign exchange gains[12]