FIRMACO(SH:600967)2017-10-30 16:00Financial Performance - Operating revenue for the first nine months reached CNY 7,294,575,318.14, an increase of 15.49% year-on-year [8]. - Net profit attributable to shareholders was CNY 320,282,359.26, reflecting a growth of 7.33% compared to the same period last year [8]. - The company reported a net profit of CNY 318,941,698.23 after deducting non-recurring gains and losses, an increase of 7.25% year-on-year [8]. - The company reported a net profit of CNY 900,572,429.79 for the first nine months, significantly up from CNY 434,524,763.67 in the previous year, representing an increase of 107.2% [26]. - The total profit for Q3 2017 was ¥146,195,781.72, up from ¥116,362,612.63 in Q3 2016, marking a growth of 25.7% [34]. - The net profit attributable to the parent company was ¥124,117,594.16, representing a 5.5% increase from ¥117,150,357.15 in the same period last year [32]. Cash Flow - The net cash flow from operating activities for the first nine months was CNY 72,585,084.61, a significant improvement of 107.48% year-on-year [7]. - The company reported a net cash flow from operating activities of CNY 72,585,084.61 for the first nine months of 2017, a significant improvement compared to a net outflow of CNY -970,472,655.66 in the same period last year [39]. - Total cash inflow from operating activities reached CNY 6,691,335,359.52, up from CNY 4,482,043,311.33 year-on-year, indicating a growth of approximately 49.2% [39]. - The company’s total cash outflow from operating activities was CNY 6,618,750,274.91, compared to CNY 5,452,515,966.99 in the previous year, marking an increase of 21.4% [39]. - The net cash flow from financing activities was CNY 87,037,566.93, a recovery from a net outflow of CNY -49,178,027.11 in the same period last year [40]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 14,059,534,556.53, a decrease of 0.10% compared to the end of the previous year [7]. - Current liabilities decreased to CNY 5,035,759,681.96 from CNY 5,564,934,567.94, a reduction of approximately 9.5% [26]. - The total liabilities decreased to CNY 5,539,538,976.00 from CNY 6,139,693,684.14, a decrease of 9.8% [26]. - The company’s non-current assets increased to CNY 5,636,526,714.47 from CNY 4,982,004,023.59, reflecting a growth of 13.1% [25]. - Cash and cash equivalents decreased to CNY 3,623,388,797.71 from CNY 4,518,023,543.40, a decline of 19.8% [25]. Shareholder Information - The total number of shareholders at the end of the reporting period was 58,078 [10]. - The largest shareholder, Inner Mongolia First Machinery Group Co., Ltd., held 51.68% of the shares [10]. Expenses and Costs - Operating costs for the first nine months were CNY 6,932,281,299.45, up from CNY 6,019,724,960.68, reflecting a growth of 15.1% [28]. - Sales expenses increased by 72.13% to ¥41,092,782.63, driven by market expansion efforts [15]. - The company reported a significant increase in income tax expenses, up 899.33% to ¥42,825,607.50, correlating with higher profits [15]. - Asset impairment losses surged by 220.29% to ¥43,842,735.70, due to increased provisions for impairment [15]. Investments - The company’s cash flow from investing activities showed a significant outflow of ¥800,621,832.71, reflecting increased financial investments [17]. - The company experienced a net cash outflow from investing activities of CNY -800,621,832.71, worsening from CNY -197,567,958.07 in the previous year [40]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth [34].