2017-10-26 16:00Financial Performance - Net profit attributable to shareholders increased by 260.78% to CNY 2.74 billion for the first nine months of the year[6]. - Operating revenue for the first nine months reached CNY 52.86 billion, a 60.24% increase year-on-year[6]. - Basic earnings per share increased by 260.85% to CNY 0.3558[7]. - The company's operating revenue increased by 60.24% compared to the same period last year, primarily due to rising steel prices and increased sales volume[16]. - The company's net profit attributable to shareholders increased by 260.78% compared to the same period last year, driven by higher gross margins on steel products[17]. - The company reported a net profit of ¥2,549,295,179, compared to a loss of ¥190,568,622 in the previous period[26]. - Net profit for the third quarter was ¥1.42 billion, compared to ¥336.45 million in the same quarter last year, representing a significant increase of 320.5%[31]. - The company’s total profit for the first nine months was ¥3.89 billion, compared to ¥857.28 million in the same period last year, representing a growth of 353.5%[31]. Asset and Liability Changes - Total assets increased by 2.19% to CNY 67.70 billion compared to the end of the previous year[6]. - Total current assets increased to ¥27,511,359,055 from ¥24,418,315,198, representing a growth of approximately 8.5%[24]. - Total liabilities decreased to ¥42,148,826,096 from ¥44,165,024,589, a reduction of about 4.6%[26]. - Long-term borrowings increased significantly to ¥7,848,581,178 from ¥5,163,168,960, reflecting a growth of approximately 52.0%[26]. - The company's equity attributable to shareholders increased to ¥22,522,223,642 from ¥19,764,171,955, a rise of approximately 13.9%[26]. Cash Flow and Financing Activities - Cash flow from operating activities for the first nine months was CNY 2.68 billion, an increase of 17.65% year-on-year[6]. - The company's cash inflow from operating activities increased by 17.65% year-on-year, attributed to higher profitability[18]. - Cash inflow from operating activities for the first nine months was ¥56.02 billion, an increase from ¥36.92 billion year-on-year, indicating a growth of 51.9%[37]. - The total cash inflow from financing activities in Q3 2017 was CNY 20,898,356,707, compared to CNY 13,928,112,753 in Q3 2016, representing a significant increase of about 50.5%[38]. - The net cash flow from financing activities for the first nine months of 2017 was -CNY 699,363,183, a decrease from a positive cash flow of CNY 1,829,170,327 in the same period of 2016[42]. Production and Market Performance - The company produced 1.36 million tons of pig iron, 1.47 million tons of crude steel, and 1.38 million tons of steel from January to September, with respective year-on-year increases of 5.71%, 8.08%, and 6.81%[11]. - The average domestic steel price index for July to September was 111.74 points, up 49.94% year-on-year[11]. - The company plans to ensure full-load operation of key production lines while enhancing market awareness and product structure adjustment[12]. Investment and Other Financial Metrics - The company’s investment income rose by 271.84% year-on-year, mainly from profits of joint ventures and financial products[16]. - Financial assets measured at fair value increased by 153.81% compared to the end of last year, mainly due to an increase in fund products held by the subsidiary[13]. - Other receivables increased by 166.31% compared to the end of last year, primarily due to an increase in steel futures margin[13]. - The company reported a total operating cost of ¥16.31 billion for the third quarter, which is an increase of 38.9% from ¥11.73 billion in the previous year[31].