HNA Technology(SH:600751)2017-10-30 16:00Financial Performance - Operating revenue for the period reached CNY 223,894,850, representing a significant increase of 14,461.76% compared to the same period last year[6]. - Net profit attributable to shareholders was CNY 121,194, a decrease of 43.63% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 536,495, an increase of 691.80% compared to the same period last year[6]. - Basic and diluted earnings per share were CNY 0.0418, down 43.59% from the previous year[6]. - Total operating revenue for the first nine months of 2017 reached CNY 223,894.85 million, a significant increase from CNY 1,537.55 million in the same period last year[28]. - Net profit for the third quarter was CNY 124.30 million, compared to CNY 117.89 million in the same quarter last year, reflecting a year-over-year growth of approximately 1.2%[29]. - The company reported a gross profit margin of approximately 0.74% for the first nine months of 2017, compared to 0.10% in the same period last year[28]. - Basic earnings per share for the third quarter were CNY 0.0332, down from CNY 0.0429 in the same quarter last year[30]. - The company recorded a total comprehensive income of CNY -24.67 million for the third quarter, compared to CNY 117.89 million in the same quarter last year[30]. - Investment income for the first nine months was RMB 143,664, slightly down from RMB 147,119 in the same period last year[32]. Cash Flow and Liquidity - Cash flow from operating activities was negative at CNY -5,083,090, compared to CNY -529,737 in the same period last year[6]. - The company reported a net cash flow from operating activities of -¥5,083,090, a decline of 860% compared to the previous period, influenced by the consolidation of Ingram Micro[16]. - Cash received from sales and services amounted to ¥226,139,235, marking a 13,964% increase, driven by the inclusion of Ingram Micro in the consolidated financials[16]. - Cash inflow from operating activities totaled RMB 238,063,292, compared to RMB 15,313,408 in the previous year, indicating a substantial increase[37]. - The net cash flow from financing activities was RMB 3,173,717, compared to RMB 1,018,296 in the same period last year, showing an increase of approximately 211.5%[38]. - Cash inflow from financing activities was $1,000,000, with a net cash flow of $780,003, compared to $992,600 in the previous year[41]. - The ending cash and cash equivalents balance was $3,553,310, down from $8,548,809 at the end of the previous year[41]. - Cash inflow from investment activities totaled $57,051, down from $7,365,607 in the previous year, reflecting a decrease in investment recovery[41]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 114,535,970, a decrease of 2.91% compared to the end of the previous year[6]. - The total liabilities of the company as of September 30, 2017, were 97,491,096 thousand RMB, down from 100,900,506 thousand RMB at the beginning of the year[24]. - The company's total current assets as of September 30, 2017, amounted to 83,179,663 thousand RMB, a decrease from 85,834,786 thousand RMB at the beginning of the year[22]. - The total equity of the company as of the end of the reporting period was CNY 12,373,379 million, an increase from CNY 12,297,410 million, representing a growth of about 0.6%[27]. - The total guarantee amount provided by the company and its subsidiaries to HNA Technology Group and its affiliates during the reporting period was 1 billion RMB, including a guarantee of 500 million RMB for HNA Ecological Technology Group[18]. Shareholder Information - The total number of shareholders at the end of the reporting period was 78,905[10]. - The largest shareholder, HNA Technology Group Co., Ltd., held 602,006,689 shares, accounting for 20.76% of the total shares, with all shares pledged[10]. Operational Highlights - The company is expanding its cloud services business, including cloud marketplace sales and management of various cloud products, in collaboration with its subsidiary Ingram China[16]. - The company signed a strategic cooperation memorandum with SenseTime to develop projects including GPU array deep learning supercomputing center and AI projects in smart airports and smart car rentals[17]. - Tianhai Investment's subsidiary, Inmai International, received awards at the HP Reinvent World Partner Forum 2017, including "HP Best Distributor in Canada" and "HP Best Personal Systems Distributor in the USA"[18]. Financial Expenses - Financial expenses rose to ¥552,580, a 2,061% increase, due to acquisition loan interest costs and significant foreign exchange gains from Ingram Micro[15]. - The company incurred tax expenses of CNY 109.60 million in the third quarter, compared to CNY 18.99 million in the same quarter last year, indicating a significant increase in tax liabilities[29]. - Management expenses increased to RMB 55,638 from RMB 36,978 in the previous year, representing a rise of approximately 50.5%[32]. - The company incurred financial expenses of RMB 12,164, a significant improvement compared to a financial income of RMB -30,162 in the same period last year[32].