FIRST TRACTOR(SH:601038)2016-10-27 16:00Financial Performance - Net profit attributable to shareholders for the first nine months of 2016 was CNY 230.19 million, representing a growth of 17.07% year-on-year[8]. - Operating revenue for the first nine months of 2016 was CNY 7.33 billion, a decrease of 9.67% compared to the same period last year[8]. - Basic earnings per share for the first nine months of 2016 were CNY 0.253, up 18.00% from CNY 0.2144 in the same period last year[8]. - The company reported a net loss from the disposal of non-current assets amounting to CNY 9.25 million for the third quarter of 2016[9]. - Total operating revenue for Q3 2016 was CNY 2,322,381,411.20, a decrease of 12.5% compared to CNY 2,654,523,512.53 in Q3 2015[35]. - Net profit for the first nine months of 2016 was CNY 7,481,161,424.23, down from CNY 8,362,715,027.04 in the same period last year, representing a decline of 10.5%[35]. - Net profit for Q3 2016 was CNY 44,861,279.32, down 51.0% from CNY 91,541,465.06 in Q3 2015[41]. - Total profit for Q3 2016 was CNY 44,673,344.58, a decline of 54.4% compared to CNY 97,602,881.52 in Q3 2015[41]. - Operating profit for Q3 2016 was CNY 47,997,264.92, a decrease of 50.0% from CNY 95,898,665.29 in Q3 2015[41]. Cash Flow - Cash flow from operating activities for the first nine months of 2016 was CNY 1.26 billion, an increase of 180.16% year-on-year[8]. - The net cash flow from operating activities surged by 180.16%, increasing from RMB 45,111 million to RMB 126,383 million, primarily due to the sale of repurchased financial assets[19]. - Net cash flow from operating activities for the first nine months was ¥1,263,832,404.47, a significant increase from ¥451,109,119.19 in the previous year[44]. - Net cash flow from operating activities decreased to CNY 1,119,743,856.61 from CNY 1,178,933,385.79, a decline of about 5% year-over-year[47]. - Cash inflow from financing activities was CNY 1,567,030,000.00, slightly lower than CNY 1,640,116,900.00 in the previous year, a decrease of about 4.45%[48]. - The net cash flow from financing activities showed a significant decline to -CNY 753,064,205.67 from -CNY 27,325,615.97, reflecting increased financial pressure[48]. Assets and Liabilities - Total assets as of September 30, 2016, reached CNY 13.45 billion, an increase of 1.33% compared to the end of the previous year[8]. - The company reported a total current liabilities of CNY 6,162,538,423.33, slightly up from CNY 6,128,540,029.73, indicating a marginal increase of about 0.6%[27]. - Total liabilities increased to CNY 7,894,112,948.21 from CNY 7,873,865,012.64, indicating a slight rise of 0.3%[30]. - The non-current assets totaled CNY 5,954,267,024.12, down from CNY 6,816,265,926.05, representing a decrease of approximately 12.7%[27]. - The company’s cash and cash equivalents reached CNY 2,396,316,855.50, up from CNY 1,897,794,077.61 at the start of the year, indicating a growth of approximately 26.4%[26]. - The company's cash and cash equivalents rose to CNY 2,981,857,521.00, up from CNY 2,641,377,805.70, marking an increase of 12.9%[30]. - The cash and cash equivalents at the end of the period rose to CNY 2,551,224,362.12 from CNY 1,951,816,717.74, an increase of about 30.7% year-over-year[48]. Shareholder Information - The total number of shareholders as of the report date was 28,827, with 28,450 being A-share holders[12]. - The largest shareholder, China Yituo Group Co., Ltd., held 443.91 million shares, accounting for 44.57% of the total shares[12]. Operational Metrics - The company reported a significant increase in prepayments by 65.26%, rising from RMB 6,093 million to RMB 10,069 million, attributed to increased procurement[15]. - Interest income decreased by 39.09% from RMB 24,746 million to RMB 15,074 million, reflecting adjustments in business operations[17]. - The company experienced a 49.67% decrease in buyback financial assets, dropping from RMB 89,954 million to RMB 45,276 million[15]. - The company’s financial expenses decreased by 60.09%, from RMB 13,168 million to RMB 5,255 million, due to reduced exchange losses[17]. - The company’s retained earnings increased to CNY 1,594,547,233.30 from CNY 1,367,616,267.12, an increase of 16.6%[31]. Investment Activities - The company’s investment activities generated a cash flow net of RMB -60,123 million, an improvement from RMB -77,644 million in the previous year[19]. - Cash inflow from investment activities totaled CNY 793,461,208.64, significantly higher than CNY 388,336,183.20 in the previous year, marking an increase of approximately 104%[47]. - The company received CNY 643,820,788.24 from investment recoveries, a substantial increase compared to CNY 122,000,000.00 in the previous year, representing a growth of approximately 428%[47]. Other Information - The company has committed to not engaging in competitive business activities that may conflict with its operations, ensuring a focus on core competencies[23]. - The financial agreements with the financial company include a commitment to ensure that loans to subsidiaries do not exceed their deposit levels, enhancing financial stability[23]. - The company has not indicated any significant changes in net profit forecasts for the upcoming reporting period, maintaining a stable outlook[24].