CMES(SH:601872)2017-10-26 16:00Financial Performance - Operating revenue for the first nine months was CNY 4.60 billion, representing a year-on-year increase of 2.87%[6] - Net profit attributable to shareholders of the listed company was CNY 599.45 million, a decrease of 37.97% compared to the same period last year[6] - Basic and diluted earnings per share were both CNY 0.1325, down 60.32% from CNY 0.3339 in the previous year[7] - The total profit for the same period was 987 million RMB, a decrease of 59.25% year-on-year[20] - Net profit for Q3 2017 was 973 million RMB, down 59.74% compared to the previous year[20] - Total profit for Q3 2017 was ¥182,405,937.66, a decline of 43% from ¥319,979,113.26 in Q3 2016[32] - The company recorded a total profit of ¥987,380,893.13 for the first nine months of 2017, down from ¥2,422,736,007.22 in the same period of 2016[32] Cash Flow - Net cash flow from operating activities for the first nine months was CNY 2.50 billion, a decline of 18.13% year-on-year[6] - Operating cash flow for the first nine months of 2017 was ¥2.50 billion, down from ¥3.05 billion in the same period last year, indicating a decrease of approximately 18%[38] - Cash inflow from operating activities totaled ¥5.24 billion, while cash outflow was ¥2.74 billion, resulting in a net cash flow from operating activities of ¥2.50 billion[38] - Cash inflow from financing activities was ¥7.03 billion, an increase from ¥6.49 billion year-over-year, indicating stronger financing capabilities[39] - Net cash flow from operating activities was $580.69 million, an increase from $385.50 million year-over-year[42] - The net increase in cash and cash equivalents was $1.72 billion, a substantial rise from $35.05 million in the previous period[42] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 38.83 billion, an increase of 0.54% compared to the end of the previous year[6] - Current assets totaled CNY 8,154,488,294.53, a decrease of 3.06% from CNY 8,412,641,106.37 at the beginning of the year[23] - Total liabilities increased to CNY 19,217,608,413.14, up 8.93% from CNY 17,644,899,946.24[25] - Total equity decreased to CNY 19,608,976,450.85, down 6.5% from CNY 20,971,722,210.99[25] Shareholder Information - The total number of shareholders at the end of the reporting period was 196,340[10] - The largest shareholder, China Merchants Energy Shipping Company, held 47.38% of the shares[11] - The company distributed a cash dividend of 0.10 RMB per share for the 2016 fiscal year[15] - The company paid approximately ¥1.81 billion in dividends and interest, which is significantly higher than the previous year's ¥925.39 million, indicating a commitment to shareholder returns[39] Operational Highlights - The company's VLCC fleet generated operating revenue of 539 million USD, a decrease of 5.2% year-on-year[19] - The average freight rate for VLCC TD3 was WS56.98, a significant drop of 20.6% from WS71.73 in the same period last year[19] - The dry bulk fleet achieved operating revenue of 134 million USD, an increase of 21.5% year-on-year[19] - The company reported a net profit margin of 21.0% for the first nine months of the year[30] Strategic Plans - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company plans to acquire a new VLCC vessel, increasing its operational fleet to 43 vessels[14] - The company plans to expand its market presence through strategic acquisitions and new product launches in the upcoming quarters[30] - Research and development expenses increased by 15% year-over-year, reflecting the company's commitment to innovation[30] Comprehensive Income - The total comprehensive income for Q3 2017 was -¥176,502,125.77, compared to ¥444,551,257.58 in Q3 2016[33] - The company incurred a loss of ¥11.38 million in other comprehensive income, impacting overall profitability[35] - The total comprehensive income for the quarter was approximately ¥108.08 million, reflecting the company's overall financial health[35]