GZCBN(SH:600996)2017-10-26 16:00Financial Performance - Net profit attributable to shareholders decreased by 17.50% to CNY 345,210,708.96 for the first nine months of the year[8] - Operating revenue for the first nine months increased by 7.86% to CNY 1,752,116,851.92 compared to the same period last year[8] - Basic earnings per share decreased by 34% to CNY 0.33[8] - The net profit for the first nine months of 2017 reached CNY 346,243,410.22, compared to CNY 419,265,624.38 for the same period in 2016, reflecting a decrease of approximately 17.4%[28] - The company's operating profit for Q3 2017 was CNY 21,620,485.23, a decrease of 79.5% from CNY 105,500,864.63 in Q3 2016[27] - The total comprehensive income attributable to the parent company for Q3 2017 was CNY 25,147,393.52, compared to CNY 110,473,707.69 in Q3 2016, indicating a significant decline[26] Assets and Liabilities - Total assets increased by 13.11% to CNY 7,474,991,507.80 compared to the end of the previous year[8] - Total liabilities rose to ¥3,318,735,627.81 from ¥2,684,011,962.38, reflecting increased financial obligations[19] - Non-current assets totaled ¥5,250,360,940.62, up from ¥3,748,308,864.26, indicating growth in long-term investments[18] - The company's equity attributable to shareholders increased to ¥4,106,264,547.78 from ¥3,875,736,367.33, reflecting improved financial health[19] - Total assets as of Q3 2017 amounted to ¥7,421,365,508.90, compared to ¥6,557,585,210.39 in the previous year, indicating a growth of 13.2%[23] - Total liabilities increased to ¥3,308,392,061.54 in Q3 2017 from ¥2,676,172,644.74 in Q3 2016, representing a rise of 23.5%[23] Cash Flow - Cash flow from operating activities decreased by 36.21% to CNY 325,099,070.72 year-to-date[8] - Total cash inflow from operating activities was ¥1,466,390,367.30, while cash outflow was ¥1,141,291,296.58, resulting in a net cash inflow of ¥325,099,070.72[31] - The net cash flow from operating activities for the first nine months was ¥339,728,906.86, down 33.4% from ¥510,735,104.94 in the previous year[33] - The ending cash and cash equivalents balance was ¥840,820,625.92, down from ¥2,165,138,490.44 at the beginning of the period, representing a decrease of 61.1%[32] - Cash inflow from financing activities totaled ¥220,119,600.00, down from ¥446,117,600.00 in the previous year, reflecting a decrease of 50.7%[32] Investments and Expenditures - Cash paid for the acquisition of fixed assets and other long-term assets reached ¥1,373,133,506.91, marking a 108.26% increase as the company intensified network asset construction[14] - The total cash outflow from investing activities for the first nine months was ¥1,397,763,293.64, significantly higher than ¥728,483,166.26 in the previous year, indicating increased capital expenditures[34] - The net cash flow from investing activities was -¥1,373,111,748.91, compared to -¥678,218,541.14 in the previous year, indicating increased investment outflows[32] Operational Metrics - The weighted average return on equity decreased by 13.66 percentage points to 8.54%[8] - The company reported a gross profit margin of approximately 10.5% for Q3 2017, down from 22% in Q3 2016[25] - Total operating costs for Q3 2017 were ¥573,312,222.56, up from ¥378,020,945.61 in Q3 2016, reflecting a 51.6% increase[25] - The company reported an increase in sales expenses to CNY 43,578,549.78 in Q3 2017, up from CNY 33,028,308.38 in Q3 2016, representing a rise of 32%[27] Future Outlook - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[24] - The company plans to expand its market presence and invest in new technology development in the upcoming quarters to drive future growth[28]