SCMC(SH:600984)2017-10-27 16:00Financial Performance - Operating revenue for the first nine months reached CNY 1,261,817,204.04, a growth of 36.28% year-on-year[7] - Net profit attributable to shareholders increased by 26.52% to CNY 89,173,245.07 compared to the same period last year[7] - Basic earnings per share increased by 26.47% to CNY 0.1400[7] - The company reported a significant increase in non-recurring gains, totaling CNY 7,696,889.62 for the year-to-date[8] - The company reported a 54.57% increase in cash received from sales of goods and services, totaling ¥989,385,248.46 compared to ¥640,096,918.99 last year[16] - The company reported an operating profit of CNY 112,693,487.70 for the first three quarters, a significant increase from CNY 49,871,676.87 in the same period last year[35] - Net profit attributable to the parent company for the first three quarters of 2017 was CNY 89,173,245.07, up 26.5% from CNY 70,482,262.10 in the previous year[35] - The company expects a profitable cumulative net profit for the year, driven by increased sales of road construction and lifting machinery[24] Cash Flow - The net cash flow from operating activities was CNY 142,635,841.96, a significant recovery from a negative cash flow of CNY -43,486,993.55 in the previous year[7] - Cash flow from operating activities for the first nine months of 2017 was CNY 64,840,141.12, a significant improvement from a net outflow of CNY 70,362,415.87 in the same period last year[43] - Cash inflow from sales of goods and services was CNY 264,763,792.77, significantly higher than CNY 107,572,814.88 in the previous year, marking a 146% increase[43] - The company reported a net cash flow from financing activities of CNY -102,849,614.01, worsening from CNY -12,319,276.93 in the previous year[43] - Net cash flow from investment activities was CNY 7,560,884.61, a recovery from a net outflow of CNY 130,118,424.30 in the previous year[43] Assets and Liabilities - Total assets increased by 15.85% to CNY 6,399,806,677.12 compared to the end of the previous year[7] - The total current assets as of September 30, 2017, amounted to 2,891,594,042.47 RMB, an increase from 2,338,639,438.41 RMB at the beginning of the year[30] - The total liabilities as of September 30, 2017, were 3,115,034,503.46 RMB, compared to 2,330,231,228.24 RMB at the beginning of the year[31] - The total equity attributable to the parent company was 3,282,318,324.38 RMB, an increase from 3,193,361,203.98 RMB at the beginning of the year[31] - Current liabilities increased to CNY 389,784,537.47 from CNY 265,107,886.16, reflecting a significant rise in short-term borrowings and accounts payable[34] Costs and Expenses - Operating costs increased to ¥904,004,612.58, up 33.78% from ¥675,741,900.67 in the prior period[14] - The company's total costs for the first three quarters of 2017 were CNY 1,149,123,716.34, compared to CNY 875,870,745.64 in the same period last year, indicating a 31.1% increase[35] - The company’s financial expenses for the first three quarters were CNY 27,451,498.62, up from CNY 19,297,753.05 in the previous year, indicating increased borrowing costs[35] - The company incurred asset impairment losses of ¥28,762,679.75 in Q3 2017, compared to a gain of -¥4,501,928.92 in Q3 2016[38] Shareholder Information - The number of shareholders reached 39,147, with the largest shareholder holding 21.25% of the shares[10] Fundraising and Investments - The total amount of funds raised through the non-public offering was ¥634,999,996.36, with a net amount of ¥599,512,140.20 after deducting issuance costs[17] - The company plans to allocate ¥300,000,000.00 of raised funds for increasing capital in Pangyuan Leasing, and ¥200,000,000.00 for Tiancheng Machinery[18] - The total actual usage of raised funds for equipment purchase was 38,800,000.00 RMB, with a remaining balance of 200,000.00 RMB[23]