XCEC(SH:600777)2017-10-20 16:00Financial Performance - Operating revenue for the first nine months reached CNY 586.83 million, a 270.32% increase year-on-year[7] - Net profit attributable to shareholders was CNY 117.28 million, a significant recovery from a loss of CNY 71.20 million in the same period last year[7] - Total operating revenue for Q3 2017 reached ¥470.58 million, a significant increase from ¥59.40 million in the same period last year, representing a growth of 694.5%[32] - Net profit for Q3 2017 was ¥76.54 million, compared to a net loss of ¥42.66 million in Q3 2016, indicating a turnaround in profitability[33] - The company reported a total profit of ¥123.40 million for Q3 2017, reversing from a loss of ¥59.26 million in the previous year[33] - The total revenue for the year-to-date period (January to September 2017) was ¥586.83 million, a substantial increase from ¥158.46 million in the same period last year[32] Assets and Liabilities - Total assets increased by 216.41% to CNY 19.25 billion compared to the end of the previous year[7] - Total liabilities increased significantly, with accounts payable rising sharply due to the acquisition, reflecting changes in the scope of consolidation[12] - The total liabilities amounted to CNY 5,729,858,660.35, up from CNY 624,439,508.31, reflecting a growth of around 817.5%[26] - The non-current assets totaled CNY 15,786,010,096.09, compared to CNY 3,159,766,020.53 at the beginning of the year, representing a growth of about 399.5%[25] Shareholder Information - The number of shareholders reached 69,398, indicating a growing interest in the company[9] - The top ten shareholders hold a combined 43.38% of the total shares, with the largest shareholder owning 6.39%[9] - The company issued 2,749,259,255 new shares during the reporting period, resulting in a 67.86% increase in paid-in capital[14] Cash Flow - Cash flow from operating activities turned positive with a net amount of CNY 224.45 million, compared to a negative cash flow of CNY 66.98 million in the previous year[7] - Cash flow from operating activities significantly increased year-on-year, indicating improved cash generation from core operations[19] - The company's operating cash flow for the first nine months of 2017 was ¥224,450,291.62, a significant improvement compared to a negative cash flow of ¥66,975,898.79 in the same period last year, representing a turnaround of approximately 434%[37] - Total cash inflow from operating activities reached ¥717,838,047.95, up 43% from ¥501,559,548.55 in the previous year[37] Acquisitions - The company completed the acquisition of 100% equity in Ningbo Dingliang Huitong Equity Investment Center, impacting accounts receivable and prepaid accounts significantly[10] - Accounts receivable increased by 244.42% compared to the beginning of the period, primarily due to the acquisition of 100% equity interest in Ningbo Dingliang Huitong Investment Center (Limited Partnership) during the reporting period, resulting in changes in the scope of consolidation[11] - Inventory increased by 279.68% compared to the beginning of the period, mainly due to the same acquisition, leading to changes in the scope of consolidation[11] - Oil and gas assets increased by 521.45% compared to the beginning of the period, attributed to the acquisition of 100% equity interest in Ningbo Dingliang Huitong Investment Center (Limited Partnership)[11] - The company completed the acquisition of Ningbo Dingliang Huitong Investment Center (Limited Partnership) on July 7, 2017, with the asset delivery audit date set for July 31, 2017[21] Expenses and Earnings - The gross profit margin for Q3 2017 improved to 26.5%, compared to a negative margin in the same quarter last year[32] - The basic earnings per share for Q3 2017 was ¥0.02, compared to a loss of ¥0.04 per share in Q3 2016[33] - The company experienced a significant increase in management expenses, which rose to ¥47.49 million in Q3 2017 from ¥20.01 million in the same period last year[32] - Tax expenses for Q3 2017 amounted to ¥46.86 million, compared to a tax benefit of ¥16.60 million in Q3 2016[33] Cash and Equivalents - Cash and cash equivalents increased by 506.71% due to the maturity of certain financial products[10] - The company's cash and cash equivalents increased to CNY 2,417,754,275.89 from CNY 398,500,299.24, marking a growth of about 505.5%[25] - The total cash and cash equivalents at the end of the reporting period amounted to ¥2,417,754,275.89, compared to ¥647,062,631.95 at the end of the same period last year, marking an increase of approximately 273%[38]