ENN-NG(SH:600803)2017-10-29 16:00Financial Performance - Net profit attributable to shareholders rose by 97.02% to CNY 384.23 million year-on-year[5] - Operating revenue for the first nine months reached CNY 7.01 billion, a 75.40% increase compared to the same period last year[5] - Basic earnings per share increased by 95.00% to CNY 0.39[7] - Revenue increased by 75.40% year-over-year, driven by significant growth in methanol, coal trading, and energy engineering businesses[17] - Net profit rose by 89.94% year-over-year, attributed to substantial profit growth from subsidiaries, particularly Xineng Mining and Xineng Energy[19] - Total revenue for Q3 2017 reached ¥2,398,188,928.80, a significant increase from ¥1,386,888,759.78 in the same period last year[42] - Net profit for Q3 2017 was CNY 295,912,134.96, compared to CNY 19,153,236.72 in Q3 2016, indicating a significant increase[44] - Total profit for Q3 2017 reached CNY 351,259,558.37, a rise from CNY 32,118,837.98 in Q3 2016[44] - The company reported a total comprehensive income of CNY 268,649,339.95 for Q3 2017, compared to CNY 60,538,182.47 in Q3 2016[45] Assets and Liabilities - Total assets increased by 9.94% to CNY 20.20 billion compared to the end of the previous year[5] - The total current assets as of September 30, 2017, amounted to ¥5,470,339,795.86, an increase from ¥4,735,658,030.67 at the beginning of the year[33] - The total assets of the company reached ¥20,201,700,290.64, compared to ¥18,375,699,146.81 at the start of the year[34] - The total liabilities as of September 30, 2017, were ¥9,983,758,629.14, up from ¥7,418,112,549.12 at the beginning of the year[34] - The company's equity decreased to ¥3,263,817,518.48 from ¥3,547,969,666.74 since the beginning of the year, reflecting a decline in shareholder value[39] - The company reported a 199.63% increase in current liabilities due within one year, totaling ¥3,100,768,602.30, due to the reclassification of medium-term notes and acquisition loans[15] Cash Flow - Net cash flow from operating activities increased by 72.16% to CNY 491.74 million year-to-date[5] - Cash received from sales of goods and services increased by 69.78% year-over-year, reflecting higher sales in methanol and coal trading[20] - Cash flow from operating activities for the first nine months of 2017 was ¥491,744,061.79, up from ¥285,639,179.61 in the previous year, representing an increase of approximately 72.2%[52] - Cash inflows from operating activities totaled ¥6,503,343,445.78 for the first nine months of 2017, compared to ¥3,911,077,298.28 in the same period last year, marking a growth of about 66.5%[51] - Cash outflows from investing activities amounted to ¥926,934,227.06 in the first nine months of 2017, a significant decrease from ¥5,687,374,660.88 in the previous year[52] - The ending cash and cash equivalents balance as of September 30, 2017, was ¥1,830,529,661.24, compared to ¥1,455,613,575.25 at the end of the same period last year, indicating an increase of about 25.7%[52] Shareholder Information - The total number of shareholders reached 34,804 by the end of the reporting period[9] - The largest shareholder, Xin'ao Holdings Investment Co., Ltd., holds 30.97% of shares, with 184 million shares pledged[9] - The company plans to issue new shares at a ratio of 2.5 shares for every 10 shares held, totaling 246,446,260 shares available for subscription[25] Government and Regulatory Matters - The company received government subsidies amounting to CNY 11.51 million during the reporting period[8] - The company has applied to the China Securities Regulatory Commission to resume the review of its public offering of shares after a temporary suspension[26] - The company is subject to uncertainties regarding the approval of its share issuance by the China Securities Regulatory Commission, highlighting potential investment risks[26] Operational Highlights - Operating revenue for the third quarter reached ¥7,012,383,212.94, an increase of 75.40% compared to ¥3,997,972,317.39 in the same period last year[16] - Operating costs amounted to ¥5,199,460,024.53, reflecting a 73.93% increase from ¥2,989,353,265.37 year-over-year[16] - The company plans to expand its methanol trading operations, which contributed to the increase in prepayments and inventory[14] - The company reported a non-recurring loss of CNY 906,477.69 from the disposal of non-current assets[8]