SMIC(SH:600810)2016-10-28 16:00Financial Performance - Net profit attributable to shareholders increased by 773.64% to CNY 74,515,346.13 for the current period[8] - Operating income rose by 29.78% to CNY 7,433,418,342.03 for the first nine months compared to the same period last year[7] - Basic earnings per share increased by 750.00% to CNY 0.17 per share[8] - The company reported a net profit excluding non-recurring gains and losses of CNY 78,652,754.68, a significant increase compared to the previous year[8] - The company reported a significant increase in asset impairment losses, which rose by 743.69% to CNY 8,254,878.32 due to higher provisions for bad debts[17] - The company reported a net loss of ¥17,221,035.88, improving from a loss of ¥91,736,382.01 at the beginning of the year[26] - The total profit for the first nine months of 2016 was ¥45,528,446.16, compared to ¥3,585,806.47 in the same period last year[39] - Net profit for Q3 2016 was ¥41,280,134.12, a substantial rise from ¥7,325,075.23 in Q3 2015, marking an increase of 463.0%[34] Assets and Liabilities - Total assets increased by 8.46% to CNY 8,892,346,397.99 compared to the end of the previous year[7] - Current assets increased to ¥4,022,753,090.81 from ¥3,317,928,881.51, representing a growth of approximately 21.2%[24] - Total liabilities increased to ¥6,086,069,504.40 from ¥5,483,740,011.44, showing an increase of approximately 11%[26] - Long-term borrowings increased by 58.85% to CNY 1,004,420,000.00, reflecting a rise in credit borrowings[17] - The total liabilities as of the end of Q3 2016 were ¥4,709,894,880.18, compared to ¥3,900,803,179.45 at the end of Q3 2015, indicating a growth of 20.7%[30] Cash Flow - Net cash flow from operating activities increased by 54.62% to CNY 532,425,086.98 year-to-date[7] - Cash flow from operating activities for the first nine months of 2016 was ¥6,048,827,165.40, an increase of 49.2% from ¥4,053,771,829.64 in the same period last year[42] - Cash inflow from financing activities amounted to CNY 3,240,323,112.63, an increase of 30.0% compared to CNY 2,492,591,382.00 in the same period last year[44] - Cash outflow from investing activities was CNY 35,647,659.83, significantly lower than CNY 178,329,142.88 in the previous year, indicating a reduction of 80%[43] Shareholder Information - The total number of shareholders reached 26,168 by the end of the reporting period[14] - The largest shareholder, China Pingmei Shenma Energy Chemical Group Co., Ltd., holds 49.28% of the shares[14] - The company has not reduced its shareholding since the increase in shares by China Pingmei Shenma Group, which invested CNY 30,025,528.38 in the company[19] Operational Highlights - The company is actively cooperating with the investigation by the China Securities Regulatory Commission regarding its operating income and related transactions[18] - The company plans to implement the acquisition of Henan Shennong Nylon Chemical Co., Ltd. within the committed timeframe[19] - The company plans to continue expanding its market presence and investing in new product development to sustain growth in the upcoming quarters[34] - The company has not disclosed any new product developments or market expansion strategies in this report[6] Revenue and Expenses - Total operating revenue for Q3 2016 reached ¥2,870,099,173.27, a significant increase of 100.0% compared to ¥1,438,193,316.70 in Q3 2015[32] - Total operating expenses for Q3 2016 amounted to ¥2,842,312,999.51, compared to ¥1,431,555,300.98 in Q3 2015, reflecting an increase of 98.0%[33] - The company's total operating costs for Q3 2016 were ¥2,999,279,640.93, up from ¥1,454,657,667.73 in Q3 2015[38] - The gross profit margin for the first nine months of 2016 was approximately 63.5%, compared to 61.5% for the same period in 2015[38]