Jiangnan Water(SH:601199)2017-10-26 16:00Financial Performance - Net profit attributable to shareholders was CNY 208,709,768.19, representing a decline of 14.43% year-on-year[6]. - Operating revenue for the period was CNY 820,159,642.53, an increase of 2.73% compared to the same period last year[6]. - Basic earnings per share decreased to CNY 0.22, a decline of 15.38% compared to CNY 0.26 in the same period last year[7]. - The weighted average return on equity was 7.94%, down 2.65 percentage points from 10.59% in the previous year[6]. - Total operating revenue for Q3 2017 was ¥231,105,299.02, an increase of 3.5% compared to ¥224,334,401.78 in Q3 2016[25]. - Net profit for Q3 2017 decreased to ¥55,800,171.49, down 23.1% from ¥72,547,574.61 in Q3 2016[26]. - Total profit for Q3 2017 was ¥74,170,972.30, a decrease of 22.5% from ¥95,766,536.99 in Q3 2016[26]. - Total operating costs for Q3 2017 were ¥160,453,893.57, up 17.5% from ¥136,548,890.23 in the same period last year[25]. - Total operating costs for the first nine months of 2017 were ¥554,668,072.84, an increase of 13.6% compared to ¥488,050,433.33 in the same period last year[25]. Cash Flow - The net cash flow from operating activities was CNY 192,092,200.11, down 39.77% from the previous year[6]. - Cash flow from operating activities for the first nine months of 2017 was ¥192,092,200.11, down from ¥318,924,364.01 in the previous year[31]. - Cash inflow from operating activities was ¥398,515,120.86, slightly up from ¥393,491,672.38 year-over-year, reflecting stable operational performance[34]. - Cash flow from financing activities resulted in a net outflow of -¥86,352,538.25, contrasting with a net inflow of ¥654,372,948.90 in the same period last year[35]. - Cash inflow from investment activities totaled ¥2,677,237,334.36, while cash outflow was ¥2,875,500,960.45, resulting in a net cash flow of -¥198,263,626.09[32]. - Cash paid to employees increased to ¥111,412,325.00 from ¥107,644,083.77, showing a rise of 3.6% in labor costs[34]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,503,830,632.47, a decrease of 1.41% compared to the end of the previous year[6]. - Total liabilities decreased from CNY 2,021,078,156.50 to CNY 1,843,622,023.23, a decline of about 8.8%[19]. - Current liabilities decreased from CNY 1,022,904,090.19 to CNY 776,031,468.35, a reduction of approximately 24.1%[18]. - Non-current assets increased from CNY 2,276,054,332.14 to CNY 2,384,715,599.54, an increase of about 4.7%[18]. - The total current assets decreased to ¥2,119,115,032.93 from ¥2,292,132,380.45 at the beginning of the year[17]. - Cash and cash equivalents decreased from CNY 842,712,069.68 to CNY 530,249,754.45, a decline of about 37.0%[21]. Shareholder Information - The total number of shareholders at the end of the reporting period was 47,898[9]. - The largest shareholder, Jiangyin Urban and Rural Water Supply Co., Ltd., held 35.19% of the shares[9]. Inventory and Receivables - Accounts receivable increased by 46.01% to ¥94,858,541.98 compared to ¥64,966,164.41 at the beginning of the year due to increased project settlements[11]. - Inventory decreased by 38.57% to ¥70,722,486.61 from ¥115,126,866.87 as a result of project completions[11]. - Inventory decreased from CNY 865,162.44 to CNY 720,076.01, a reduction of approximately 16.7%[22]. - Accounts payable decreased from CNY 459,698,867.94 to CNY 373,847,050.10, a decline of about 18.7%[22]. Investment Activities - Net cash flow from investing activities improved by 83.28%, moving from -¥1,185,464,863.66 to -¥198,263,626.09, due to the recovery of principal and returns from financial investments[11]. - The company reported cash and cash equivalents at the end of the period amounting to ¥418,779,194.14, slightly up from ¥411,051,181.05 year-over-year[32]. - The company’s investment activities included cash received from the recovery of investments amounting to ¥2,250,000,000.00, a substantial increase from ¥100,000,000.00 in the previous year[34]. - Cash paid for investments totaled ¥2,300,000,000.00, compared to ¥950,653,136.44 in the same period last year, indicating a significant increase in investment activity[34]. Other Information - The company received government subsidies related to its operations amounting to CNY 261,111.12 during the reporting period[8]. - The company is in the process of implementing a stock incentive plan, pending approval from relevant authorities[12]. - The company plans to construct a new pumping station and associated pipeline network to replace currently leased facilities[13]. - The company has committed to not renewing leases for certain properties, with plans to adjust rental agreements based on CPI increases[13]. - The company reported a significant increase in asset impairment losses by 1961.04%, amounting to -¥1,330,864.09 compared to -¥64,572.54 in the same period last year[11].