SWEC(SH:600641)2017-10-26 16:00Financial Performance - Net profit attributable to shareholders surged by 634.89% to CNY 1,596,011,725.49 year-on-year[6] - Basic earnings per share rose to CNY 1.9798, a 634.89% increase compared to the previous year[6] - The company's net profit for the first nine months of 2017 was CNY 681,582,008.83, a significant increase compared to CNY 236,656,866.24 in the same period last year, representing a growth of approximately 187%[32] - The total profit for Q3 2017 was CNY 25,665,209.43, down from CNY 216,943,789.69 in Q3 2016, indicating a challenging financial environment[29] - The company reported a total profit of CNY 24,037,401.11 for the third quarter, compared to CNY 288,199,445.03 in the same quarter last year, indicating a decrease of about 91.66%[32] Revenue and Income - Operating revenue for the first nine months increased by 15.07% to CNY 1,918,737,052.41 compared to the same period last year[6] - Total revenue for the first nine months of 2017 reached CNY 1,918,737,052.41, an increase from CNY 1,667,480,791.74 in the same period last year, representing a growth of approximately 15.1%[27] - Total operating revenue for Q3 2017 was CNY 2,304,500.80, a decrease of 53.8% compared to CNY 4,993,555.21 in the same period last year[31] - Total cash inflow from investment activities was $5.91 billion, up from $2.35 billion year-over-year, reflecting strong investment recovery[39] Assets and Liabilities - Total assets increased by 5.46% to CNY 8,196,523,189.40 compared to the end of the previous year[6] - The company's total assets increased to CNY 8,196,523,189.40, up from CNY 7,772,427,086.11 at the beginning of the year[21] - The total liabilities decreased to CNY 3,560,958,163.98 from CNY 2,717,439,945.60, reflecting a reduction of approximately 31.0%[26] - The company's equity increased to CNY 3,557,000,691.71 from CNY 3,073,543,917.01, showing a growth of around 15.7%[26] Cash Flow - The company's net cash flow from operating activities dropped by 94.66% to CNY 105,757,422.43, attributed to a lack of new project openings and reduced cash recovery from property sales[15] - Operating cash flow for the first nine months of 2017 was CNY 105,757,422.43, down from CNY 1,980,808,872.01 in the previous year, indicating a decline of about 94.67%[35] - The cash flow from operating activities showed a significant deterioration, with a cash outflow of $302.41 million compared to $68.26 million last year[39] Investment Activities - Investment income surged by 662.43% to CNY 1,103,165,674.52, mainly from the transfer of subsidiary Hunan Xiwow equity and increased financial investment returns[14] - The company's investment income for the first nine months was CNY 935,703,683.44, compared to CNY 259,455,079.07 in the same period last year, representing an increase of approximately 260%[32] - The company received $5.59 billion from investment recoveries, a substantial increase from $1.32 billion in the previous year, highlighting strong investment performance[39] Operational Efficiency - The company's operating costs decreased by 45.68% to CNY 765,994,008.69, primarily due to the higher gross profit margin from the Baoshan project[14] - The company is focusing on improving operational efficiency and cost management in response to declining revenues and profits[31] - Management expenses for the first nine months of 2017 were CNY 51,432,291.46, significantly higher than CNY 32,073,171.10 in the same period last year[31] Other Financial Metrics - The weighted average return on equity increased by 25.64 percentage points to 31.30%[6] - The company's tax payable increased by 103.10% to CNY 466,358,019.19, reflecting higher profits leading to increased corporate income tax provisions[20] - The company incurred financial expenses of CNY -7,856,354.13 in the third quarter, compared to CNY -1,187,301.27 in the same quarter last year, reflecting an increase in financial costs[32]