CRRC(SH:601766)2016-10-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 5.54% to CNY 7,520,041,000 for the period from January to September[6] - Operating revenue for the first nine months was CNY 147,059,682,000, a decrease of 1.01% year-on-year[6] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 18.70% to CNY 6,687,597,000[6] - Basic earnings per share decreased by 3.45% to CNY 0.28[6] - The company's net profit attributable to shareholders for the reporting period is projected to remain stable without significant changes compared to the previous year[39] - Total operating revenue for the first nine months of 2016 was CNY 147,059,682, a decrease of 1.0% compared to CNY 148,554,772 in the same period last year[48] - Net profit attributable to shareholders for the first nine months of 2016 was CNY 7,520,041, down 5.5% from CNY 7,960,768 in the previous year[50] - Operating profit for the first nine months was CNY 10,773,320, a decrease of 4.8% from CNY 11,314,745 in the previous year[48] Assets and Liabilities - Total assets increased by 10.14% to CNY 343,302,346,000 compared to the end of the previous year[6] - The company's current assets totaled CNY 228,524,214 thousand, up from CNY 205,178,030 thousand at the beginning of the year, indicating an increase of about 11.3%[42] - The total liabilities of CRRC Corporation Limited were CNY 225,014,966 thousand, compared to CNY 198,119,156 thousand at the start of the year, reflecting a rise of approximately 13.5%[43] - The company's total non-current liabilities increased to CNY 14,040,345, up from CNY 9,712,192, marking a significant increase of 44.5%[50] - The accounts receivable rose to CNY 82,170,903 thousand, up from CNY 72,514,398 thousand, marking an increase of approximately 13.5%[42] - Inventory levels increased to CNY 69,250,945 thousand from CNY 59,786,201 thousand, representing a growth of about 15.7%[42] - The company's short-term borrowings increased significantly to CNY 15,170,206 thousand from CNY 7,365,513 thousand, indicating a rise of approximately 105%[43] Revenue Breakdown - The company's operating income decreased by 1.01% year-on-year, with revenue from railway equipment, urban rail and infrastructure, new industries, and modern services accounting for 50.53%, 10.52%, 24.62%, and 14.33% of total revenue respectively[19] - Revenue from railway equipment business decreased by 5.12% year-on-year, primarily due to lower-than-expected bidding in the railway market and a decline in sales volume of locomotives, EMUs, and freight cars[20] - The revenue from urban rail and urban infrastructure business increased by 5.75% year-on-year, mainly due to the delivery of multiple urban rail vehicles and the completion of urban infrastructure projects[21] - The revenue from new industry business grew by 6.40% year-on-year, primarily driven by increased income from high-end components and automotive equipment[21] - The revenue from modern service business decreased by 2.33% year-on-year, mainly due to a decline in logistics trade income[22] Cash Flow and Financing - Cash flow from operating activities was a net inflow of 3,354,216 thousand RMB, compared to a net outflow of 10,177,113 thousand RMB in the same period last year[19] - The company reported a net inflow of 9,981,428 thousand RMB from financing activities, an increase of 8,220,332 thousand RMB compared to the same period last year[19] - The company successfully issued two phases of ultra-short-term financing bonds totaling RMB 6 billion during the reporting period[24] - The company plans to issue bonds totaling no more than RMB 9 billion, with the first phase of issuance completed at RMB 2 billion and a final coupon rate of 2.95%[24] - Cash inflow from financing activities was 111,171,447 thousand RMB, a substantial increase from 12,779,970 thousand RMB in the same period last year[57] - The company received 80,025,980 thousand RMB in cash from borrowings, a significant increase from 6,779,970 thousand RMB in the same period last year[57] Shareholder Information - The total number of shareholders reached 1,057,261 at the end of the reporting period[12] - As of the end of the reporting period, the number of A-share shareholders was 1,054,695 and H-share registered shareholders was 2,566[14] - The largest shareholder, China CNR Corporation, holds 54.18% of the shares[12] - A cash dividend of RMB 1.5 per 10 shares was distributed to all shareholders based on the total share capital as of December 31, 2015[25] Compliance and Commitments - The company has committed to resolving competition issues with Zhuzhou Times New Material Technology Co., Ltd. within five years through asset restructuring or business integration[26] - The company has adhered to its commitments regarding avoiding competition with Zhuzhou CRRC Times Electric Co., Ltd. during the reporting period[29] - The company has complied with its commitments related to property rights and land use certificates during the reporting period[30][31] - The company has maintained compliance with commitments made to avoid competition with its former parent companies during the reporting period[33]