Avic Hi-Tech(SH:600862)2017-10-27 16:00Financial Performance - Net profit attributable to shareholders increased by 253.98% to CNY 234,194,563.10 for the third quarter[7] - Operating revenue for the first nine months rose by 35.62% to CNY 2,321,882,003.98 compared to the same period last year[6] - Basic and diluted earnings per share increased by 375.00% to CNY 0.19[7] - The weighted average return on net assets increased by 5.26 percentage points to 7.53%[7] - Total profit for Q3 2017 reached ¥347,691,837.62, an increase of 223.87% compared to the same period last year[16] - Net profit for Q3 2017 was ¥263,601,959.87, reflecting a significant increase of 262.71% year-over-year[16] - Net profit attributable to shareholders of the parent company was ¥265,179,863.34, up 244.24% from the previous year[16] - The operating profit increased by 230.13% to CNY 314,022,140.20 from CNY 95,119,570.25 year-on-year[15] Cash Flow - Net cash flow from operating activities decreased significantly by 98.28% to CNY 5,235,448.63[6] - Cash flow from operating activities showed a net decrease of 98.28%, totaling ¥5,235,448.63, primarily due to reduced sales recovery from Zhihua Real Estate[16] - Cash inflow from operating activities for the first nine months was CNY 2,244,459,771.01, a decrease of 9.5% compared to CNY 2,481,247,909.94 in the previous year[36] - Cash inflow from investment activities totaled CNY 370,933,514.25, down 46.8% from CNY 695,652,404.24 in the previous year[36] - Net cash flow from investment activities was -CNY 78,194,339.10, compared to CNY 573,015,857.86 in the previous year[37] - Cash inflow from financing activities was CNY 101,441,918.55, a decrease of 86.2% from CNY 732,832,800.59 year-on-year[37] - Net cash flow from financing activities was -CNY 61,805,600.08, compared to -CNY 1,375,346,158.67 in the previous year[37] Assets and Liabilities - Total assets decreased by 7.09% to CNY 7,920,103,564.81 compared to the end of the previous year[6] - The total amount of prepayments increased by 51.57% to CNY 1,026,356,286.93, primarily due to the transfer of pre-sold housing funds by a subsidiary[15] - The total liabilities decreased by 34.79% in accounts payable, amounting to CNY 337,674,895.32, primarily due to a reduction in payables by a subsidiary[14] - The company's long-term equity investments increased by 41.47% to CNY 123,658,600.41, reflecting a change in accounting treatment[14] - The construction in progress saw a substantial increase of 234.19% to CNY 113,701,098.61, driven by increased project costs at a subsidiary[14] - Total liabilities decreased to ¥4,242,246,569.58 from ¥5,083,495,054.54 at the beginning of the year[22] - The company's cash and cash equivalents decreased to ¥1,437,998,275.49 from ¥1,528,262,766.04 at the beginning of the year[20] Shareholder Information - The total number of shareholders reached 64,748 by the end of the reporting period[11] - The largest shareholder, AVIC High-Tech Development Co., Ltd., holds 42.86% of the shares[11] Other Income and Expenses - Government subsidies recognized in the first nine months amounted to CNY 32,129,530.77[9] - Non-operating income and expenses for the first nine months totaled CNY 30,985,300.24[11] - The company's investment income surged by 540.96% to CNY 19,154,962.54, attributed to increased earnings from joint ventures[15] - The financial expenses rose significantly to CNY 3,863,516.49 from a negative CNY 273,165.65, mainly due to a decrease in interest income[15]