GRI(SH:600894)2017-10-27 16:00Financial Performance - Net profit attributable to shareholders for the first nine months of 2017 was CNY 366,919,542.01, representing a decline of 56.48% year-on-year[7]. - Operating revenue for the first nine months of 2017 reached CNY 3,498,340,527.62, an increase of 6.64% compared to the same period in 2016[7]. - Basic earnings per share for the first nine months of 2017 were CNY 0.4267, a decrease of 56.48% compared to CNY 0.9804 in the same period of 2016[7]. - Net profit for Q3 2017 was ¥121,576,226.34, a decrease of 76.6% from ¥516,731,966.32 in Q3 2016[28]. - Total comprehensive income for Q3 2017 was CNY 83,970,588.90, a decrease of 75.8% compared to CNY 346,937,427.76 in Q3 2016[31]. - Net profit for the first nine months of 2017 reached CNY 409,896,613.46, down 36.7% from CNY 647,436,398.78 in the same period of 2016[31]. Assets and Liabilities - Total assets as of September 30, 2017, were CNY 9,079,193,519.58, a decrease of 5.10% compared to the end of 2016[7]. - As of September 30, 2017, the company's total assets amounted to RMB 9.08 billion, a decrease from RMB 9.57 billion at the end of 2016[22]. - Current liabilities decreased to RMB 2.03 billion from RMB 2.45 billion at the end of 2016[23]. - Total liabilities as of September 30, 2017, were ¥3,883,602.30, significantly reduced from ¥426,474,336.19 at the end of 2016[26]. - The company’s total equity as of September 30, 2017, was ¥5,560,328,148.23, slightly down from ¥5,590,151,076.87 at the end of 2016[26]. Cash Flow - Net cash flow from operating activities for the first nine months of 2017 was CNY 214,928,455.50, down 33.15% from the previous year[7]. - Cash flow from operating activities for the first nine months of 2017 was CNY 214,928,455.50, down 33.2% from CNY 321,520,350.02 in 2016[33]. - The company reported a net cash outflow from investing activities of CNY 405,989,509.82 for the first nine months of 2017[33]. - The company incurred a net cash outflow from financing activities of CNY 750,370,615.80 in the first nine months of 2017[33]. Inventory and Receivables - Accounts receivable notes decreased by 35.44% to ¥26,955,138.39 primarily due to the collection of receivables[12]. - Inventory increased by 42.67% to ¥675,443,265.38, attributed to rising procurement prices[12]. - Long-term receivables decreased by 50.75% to ¥263,898,242.21 due to the recovery of long-term receivables[12]. - The company’s inventory increased to RMB 675.44 million from RMB 473.43 million at the end of 2016, indicating a rise of approximately 42.6%[22]. Shareholder Information - The total number of shareholders as of the report date was 33,444[9]. - The largest shareholder, Guangzhou Guangri Group Co., Ltd., held 56.56% of the shares[9]. - The indirect controlling shareholder changed to Guangzhou Intelligent Equipment Industry Group Co., Ltd. after the transfer of state-owned equity[17]. Other Income and Expenses - Non-operating income for the first nine months included government subsidies of CNY 26,797,305.18[9]. - The company reported a total of CNY 21,666,034.66 in non-recurring gains and losses for the first nine months[9]. - Income tax expenses dropped by 87.37% to ¥39,998,187.79, reflecting a decrease in total profit due to the exclusion of land income[13]. - Other comprehensive income for the first nine months of 2017 showed a loss of CNY 112,939,722.00, compared to a gain of CNY 58,615,183.17 in the same period of 2016[31].