Yibin paper(SH:600793)2017-10-30 16:00Financial Performance - Operating income for the first nine months reached CNY 755,808,347.61, a 267.47% increase year-on-year[6] - Net profit attributable to shareholders was CNY 100,648,431.40, compared to a loss of CNY 46,625,873.32 in the same period last year[6] - Basic earnings per share improved to CNY 0.9558 from a loss of CNY 0.4428 in the previous year[6] - The weighted average return on equity increased by 141.47 percentage points to 97.19%[6] - The company reported a total profit (loss) of CNY -30.63 million for the first nine months of 2017, compared to CNY -46.64 million for the same period last year, showing an improvement in overall losses[33] - The total operating revenue for the first nine months of 2017 reached CNY 755.81 million, a substantial increase from CNY 205.68 million in the previous year, representing a growth of 267.5%[31] Assets and Liabilities - Total assets increased by 3.29% to CNY 3,650,463,447.44 compared to the end of the previous year[6] - Current liabilities totaled CNY 2,391,798,861.47, slightly up from CNY 2,387,129,064.40 at the beginning of the year[24] - The total liabilities of the company were CNY 3,408,204,328.92, a slight decrease from CNY 3,428,294,329.21 at the start of the year[25] - The company's equity attributable to shareholders increased to CNY 154,869,842.10 from CNY 53,786,795.08, showing significant growth[25] Cash Flow - Net cash flow from operating activities increased by 104.88% to CNY 8,221,248.20 for the first nine months[6] - Cash inflow from sales of goods and services reached ¥938,480,475.63, a significant increase from ¥241,722,310.18 in the same period last year, representing a growth of approximately 287%[35] - Net cash flow from operating activities was negative at -¥23,259,897.90, compared to a positive net cash flow of ¥5,250,595.32 in the previous year[39] - Total cash inflow from operating activities was ¥947,088,574.70, compared to ¥258,905,908.66 in the previous year, indicating a growth of approximately 267%[39] - Total cash outflow from operating activities was ¥970,348,472.60, up from ¥253,655,313.34 year-on-year, representing an increase of about 283%[39] Shareholder Information - The total number of shareholders at the end of the reporting period was 10,500[11] - The top two shareholders, Yibin State-owned Assets Management Co., Ltd. and Sichuan Yibin Wuliangye Group Co., Ltd., hold 37.77% and 16.06% of shares, respectively[12] Receivables and Payables - Accounts receivable increased by 381.02% to ¥24,156,000 from ¥5,021,854 due to an increase in bank acceptance bills received from sales[13] - Prepayments rose by 46.29% to ¥82,230,279 from ¥56,210,648, primarily due to increased advance payments for raw materials[13] - Other receivables surged by 82.98% to ¥33,288,275 from ¥18,192,037, mainly due to payments made for employee relocation[13] - Advance receipts grew by 256.18% to ¥83,365,330 from ¥23,405,229, primarily due to prepayments received from customers[13] Operating Costs - Operating costs increased by 253.38% to ¥696,036,363 from ¥196,966,487, reflecting the transition to normal operations after project completion[14] - The company's operating costs for Q3 2017 were CNY 243.22 million, up from CNY 78.23 million in the same period last year, resulting in a cost increase of 211.5%[31] Investment Activities - Cash inflow from investment activities totaled ¥202,809,056.00, compared to only ¥21,673.00 in the same period last year, marking a substantial increase[39] - Cash outflow for investment activities was ¥206,879,305.99, down from ¥258,400,057.60 year-on-year, showing a decrease of approximately 20%[39] Borrowings - Short-term borrowings reached ¥944,500,000, a significant increase from ¥184,500,000, due to additional bank loans received[13] - Long-term borrowings remained stable at CNY 480,000,000.00, unchanged from the beginning of the year[24]