Linyang Energy(SH:601222)2015-10-27 16:00Financial Performance - Operating revenue for the first nine months reached CNY 1,916,901,089.29, a 27.17% increase year-on-year[5] - Net profit attributable to shareholders increased by 25.30% to CNY 316,270,468.13 compared to the same period last year[5] - Basic earnings per share rose by 18.31% to CNY 0.84[5] - Operating profit for the first nine months was ¥395,862,715.78, up 33.2% from ¥297,152,812.27 year-on-year[20] - Net profit for the first nine months amounted to ¥341,067,331.83, representing a 35.1% increase from ¥252,364,023.01 in the previous year[20] - Total revenue for the first nine months reached ¥1,916,901,089.29, an increase of 27.2% compared to ¥1,507,297,985.89 in the same period last year[20] - The net profit attributable to the parent company for Q3 2015 was ¥147,173,082.51, an increase from ¥117,227,988.00 in Q3 2014, representing a growth of approximately 25.6%[21] Assets and Liabilities - Total assets increased by 46.47% to CNY 6,440,596,695.47 compared to the end of the previous year[5] - The total liabilities of the company were CNY 1,536,262,897.03, compared to CNY 1,375,778,798.86 at the beginning of the year, showing an increase of 11.7%[16] - The company's current assets totaled CNY 4,312,392,466.08, up from CNY 2,850,386,572.55 at the start of the year, indicating a significant increase in liquidity[15] - Accounts receivable increased by 46.45% to RMB 1,663,430,282.50, primarily due to increased operating revenue[11] - Inventory rose by 33.76% to RMB 506,098,917.01, mainly due to an increase in finished goods[11] - Fixed assets increased by 260.94% to RMB 1,447,916,599.66, primarily due to the completion and acceptance of photovoltaic power stations[11] - The company's equity increased to ¥4,643,274,058.06, up from ¥2,875,790,589.38 at the beginning of the year, reflecting a growth of 61.7%[19] Cash Flow - The company reported a net cash flow from operating activities of CNY -139,552,870.25, a decline of 72.79% year-on-year[5] - The cash flow from operating activities for the first nine months of 2015 was negative at -¥139,552,870.25, worsening from -¥80,762,276.28 in the same period last year[24] - The total cash inflow from operating activities was ¥1,297,544,575.25 for the first nine months of 2015, slightly down from ¥1,300,183,985.81 in the previous year[24] - Operating cash flow for the first nine months of 2015 was CNY 305,999,372.45, a significant improvement compared to a net outflow of CNY 84,281,464.63 in the same period last year[28] - The company reported a total cash and cash equivalents balance of CNY 502,849,228.52 at the end of September 2015, compared to CNY 466,153,037.80 at the same time last year[28] - The company experienced a net decrease in cash and cash equivalents of CNY 318,245,819.16 for the first nine months of 2015, compared to a decrease of CNY 679,057,621.62 in the same period last year[28] Shareholder Information - The total number of shareholders reached 12,268[8] - The largest shareholder, Qidong Huahong Electronics Co., Ltd., holds 49.07% of the shares[9] Government Subsidies and Investments - The company received government subsidies amounting to CNY 4,600,625.35 during the reporting period[7] - The company plans to raise up to RMB 2.8 billion through a non-public offering of up to 90 million shares, approved by the third extraordinary general meeting of shareholders[12] - The company plans to increase its investment in new product development and market expansion strategies in the upcoming quarters[17] - Jiangsu Linyang Electronics Co., Ltd. aims to enhance its competitive position through strategic acquisitions and partnerships in the technology sector[17]