Yulong Gold(SH:601028)2017-10-30 16:00Financial Performance - Operating revenue for the first nine months decreased by 29.77% to CNY 990,092,902.29 year-on-year[6] - Net profit attributable to shareholders increased by 124.70% to CNY 73,297,282.83 compared to a loss of CNY 296,763,443.51 in the same period last year[6] - The total profit increased by 355,411,064.23 RMB, moving from a loss of 280,713,444.28 RMB to a profit of 74,697,619.95 RMB[14] - Net profit for Q3 2017 reached CNY 73,560,137.22, a significant recovery from a net loss of CNY 327,508,180.15 in Q3 2016[33] - The company's total profit for Q3 2017 was ¥65,844,156.75, compared to a loss of ¥190,316,821.75 in Q3 2016[37] - The total comprehensive income for Q3 2017 was CNY 69,739,843.62, compared to a comprehensive loss of CNY 324,544,335.20 in Q3 2016[33] Cash Flow - Net cash flow from operating activities increased by 9.87% to CNY 250,846,902.85 year-on-year[6] - The net cash flow from operating activities for Q3 2017 was CNY 250,846,902.85, an increase from CNY 228,310,553.76 in the same period last year, reflecting a growth of approximately 9%[41] - Cash inflow from operating activities for the first nine months of 2017 was CNY 1,532,500,747.37, an increase from CNY 1,462,379,947.41 in the same period last year, indicating a growth of about 5%[44] - The net cash flow from operating activities for the first nine months of 2017 was CNY 50,847,096.25, a decrease from CNY 260,474,964.74 in the previous year, reflecting a decline of approximately 80%[44] - The net cash flow from investment activities was CNY 442,248,483.17, a significant improvement from a negative cash flow of CNY 7,928,331.09 in the same period last year[41] - The company reported a net increase in cash and cash equivalents of CNY 430,263,516.86 for Q3 2017, compared to CNY 217,933,049.36 in the same quarter last year, reflecting an increase of approximately 97%[42] Assets and Liabilities - Total assets decreased by 22.88% to CNY 2,391,591,347.31 compared to the end of the previous year[6] - The company's accounts receivable decreased by 102,105,456.02 RMB, a reduction of 40.95% compared to the beginning of the year[12] - Other receivables saw a significant decline of 300,690,724.39 RMB, representing an 80.41% decrease[12] - The total current liabilities decreased from ¥1,139,040,842.76 to ¥368,541,799.57, a decline of approximately 67.7%[27] - The company's total liabilities decreased from ¥1,148,825,380.27 to ¥377,139,462.73, a reduction of approximately 67.1%[27] - The company's total equity increased from ¥1,952,301,152.67 to ¥2,014,451,884.58, reflecting a growth of about 3.2%[27] Shareholder Information - The total number of shareholders reached 43,097 by the end of the reporting period[10] - The largest shareholder, Lhasa Zhihuo Technology Development Co., Ltd., holds 50.00% of the shares, with 375,693,570 shares pledged[10] Investment Activities - The company reported non-recurring gains of CNY 44,804,007.16 for the first nine months[9] - The company reported a significant non-recurring loss of approximately ¥59,242,700 due to the disposal of certain steel pipe-related assets, impacting the net profit for the year[21] - The company completed a capital increase for its wholly-owned subsidiary, raising its registered capital from 10 million RMB to 50 million RMB[18] - The company plans to transfer certain assets and liabilities related to its welding pipe business to its subsidiary through a capital increase[19] - The company reported a 100% decrease in long-term equity investments, indicating a divestment of its stake in certain subsidiaries[12] - The company experienced a 100% reduction in short-term borrowings, indicating a repayment of all short-term debts[12] Earnings Per Share - Basic earnings per share improved to CNY 0.09 from a loss of CNY 0.38 in the previous year[7] - The basic and diluted earnings per share for Q3 2017 were both ¥0.09, compared to losses of ¥0.42 in Q3 2016[34]