CMST(SH:600787)2017-10-30 16:00Financial Performance - Net profit attributable to shareholders increased by 180.87% to CNY 1,208,942,635.04 compared to the same period last year[7]. - Operating revenue for the first nine months reached CNY 19,240,782,142.86, a significant increase of 98.58% year-on-year[6]. - The net profit after deducting non-recurring gains and losses increased by 122.62% to CNY 140,282,770.95 compared to the same period last year[8]. - The company reported a basic earnings per share of CNY 0.54957, up 180.87% from CNY 0.19567 in the same period last year[7]. - Net profit increased by 181.29% to approximately CNY 1.21 billion, mainly due to increased investment income from the equity swap of subsidiaries[18]. - Total operating revenue for Q3 2017 reached ¥6,756,577,626.54, a significant increase of 106.5% compared to ¥3,278,834,092.46 in Q3 2016[34]. - Net profit attributable to shareholders of the parent company was ¥1,110,742,263.23, up from ¥20,572,706.55 in the same period last year, marking a substantial increase[35]. - Total profit for Q3 2017 was CNY 1,423,092,718.59, a decrease of 29,013,213.27 compared to the previous year[38]. - Net profit for Q3 2017 reached CNY 1,080,758,204.91, down by 27,472,639.32 from the same period last year[38]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 2,427,004,936.41, a turnaround from a negative cash flow of CNY -4,442,882,157.51 in the previous year[6]. - Operating cash flow for the first nine months of 2017 was CNY 23,935,618,098.51, an increase of 91% from CNY 12,483,148,342.88 in the previous year[40]. - Cash and cash equivalents rose to CNY 2,263,838,974.17, up from CNY 1,119,509,234.14, marking an increase of about 102%[30]. - Cash flow from investing activities showed a net outflow of CNY 386,751,078.41, improving from a net outflow of CNY 475,608,820.61 in the previous year[41]. - Cash flow from financing activities resulted in a net outflow of CNY 621,182,062.31, compared to a net inflow of CNY 3,045,455,056.55 in the same period last year[41]. - The ending balance of cash and cash equivalents reached ¥2.16 billion, up from ¥1.78 billion year-over-year[44]. Assets and Liabilities - Total assets increased by 5.08% to CNY 20,738,959,116 compared to the end of the previous year[6]. - The company’s total liabilities decreased by 54.19% to approximately CNY 196.77 million, primarily due to the payment of previously accrued taxes[17]. - The company’s total current assets decreased to approximately 11.14 billion RMB from 12.85 billion RMB, a decline of about 13.4%[26]. - Current liabilities decreased to CNY 5,971,353,246.07 from CNY 6,421,420,990.99, a reduction of approximately 7%[28]. - Total liabilities decreased to CNY 10,018,956,489.10 from CNY 10,149,949,753.97, a decline of about 1.3%[28]. - The company’s long-term equity investments increased significantly to approximately 2.74 billion RMB from 250.21 million RMB, indicating a substantial growth[26]. Shareholder Information - The total number of shareholders reached 74,929, with the largest shareholder holding 43.74% of the shares[12]. - Shareholders' equity rose to CNY 10,720,002,626.90, compared to CNY 9,586,043,998.89, representing an increase of approximately 11.8%[28]. Investment and Growth - Investment income increased by CNY 1,408,960,000 due to the exchange of 100% equity of two subsidiaries for part of the equity of Chengtong Real Estate[8]. - The company’s investment income surged by 11,183.68% to approximately CNY 1.46 billion, resulting from the equity swap of subsidiaries[17]. - The company plans to issue bonds totaling up to CNY 2 billion, approved by the China Securities Regulatory Commission[19]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[34]. Legal Matters - The company is involved in multiple ongoing legal disputes, including a case with Dalian Xinbeiliang Co., Ltd. involving a compensation claim of approximately 54.49 million RMB[21]. - The company is facing a lawsuit from Shanghai Ruihui Asset Management Co., Ltd. for economic losses amounting to 108 million RMB, with the first instance ruling in favor of the company[22]. - The company has a pending lawsuit involving Huaxia Bank with a claim amount of approximately 69.99 million RMB, currently in a suspended phase[22].