CNECC(SH:601611)2016-10-27 16:00Financial Performance - Operating revenue for the first nine months was CNY 27.29 billion, a 1.78% increase year-on-year[7] - Net profit attributable to shareholders rose by 14.15% to CNY 503.02 million compared to the same period last year[7] - Basic and diluted earnings per share were both CNY 0.22, an increase of 4.76%[8] - Total revenue for Q3 2016 reached ¥9,250,155,189.90, an increase of 4.8% compared to ¥8,827,217,552.12 in Q3 2015[27] - Net profit for Q3 2016 was ¥257,740,677.13, up 26.4% from ¥204,017,678.42 in the same period last year[29] - Operating income for the first nine months of 2016 was ¥742,998,642.83, a significant increase of 33.9% compared to ¥555,346,761.13 in the previous year[28] - The company reported a total operating cost of ¥9,001,954,453.74 in Q3 2016, which is a 3.5% increase from ¥8,695,023,231.83 in Q3 2015[27] - The gross profit margin for Q3 2016 was approximately 2.9%, compared to 1.1% in Q3 2015, indicating improved profitability[27] - The company’s comprehensive income for Q3 2016 was ¥281,107,575.89, an increase from ¥198,483,799.58 in Q3 2015, showing overall growth in financial performance[30] Assets and Liabilities - Total assets increased by 21.33% to CNY 69.35 billion compared to the end of the previous year[7] - Net assets attributable to shareholders increased by 38.51% to CNY 8.34 billion compared to the end of the previous year[7] - The company's total current assets reached RMB 57,711,491,087.12, up from RMB 46,569,307,919.80, reflecting overall growth in asset base[18] - Current liabilities rose to ¥56.47 billion, compared to ¥46.04 billion in the previous year, marking an increase of about 22.7%[20] - The total liabilities increased by 177.44% to RMB 5,687,488,746.35 from RMB 2,049,999,271.28, driven by increased deposits from related parties[14] - The total liabilities increased to ¥60.12 billion from ¥50.41 billion, reflecting a growth of approximately 19.2%[20] - The company’s total equity increased to ¥9.23 billion from ¥6.75 billion, reflecting a growth of approximately 36.7%[20] Cash Flow - Net cash flow from operating activities improved by 66.08%, reaching CNY -522.85 million[7] - Cash inflows from operating activities for the first nine months of 2016 totaled CNY 27,186,570,916.65, up from CNY 24,375,537,245.92 in the same period last year, representing an increase of approximately 11.5%[36] - Cash received from operating activities totaled CNY 4.34 billion, a substantial increase from CNY 641.96 million year-over-year[39] - Cash paid for operating activities was CNY 4.25 billion, compared to CNY 2.65 billion in the previous year, indicating a rise of 60.0%[39] - Total cash inflow from financing activities was CNY 15.18 billion, compared to CNY 13.14 billion in the previous year, marking an increase of 15.5%[37] - Net cash flow from financing activities was CNY 4.53 billion, slightly up from CNY 4.48 billion year-over-year[37] - The net increase in cash and cash equivalents was CNY 3.14 billion, compared to CNY 2.02 billion in the same period last year[37] - The ending balance of cash and cash equivalents was CNY 2.82 billion, a significant increase from CNY 812.22 million at the end of the previous year[40] Shareholder Information - The total number of shareholders reached 197,790 by the end of the reporting period[11] - The largest shareholder, China Nuclear Engineering Group, holds 61.78% of the shares[11] Tax and Expenses - The income tax expense increased by 40.78% to RMB 247,771,627.02 from RMB 176,000,161.92, indicating higher taxable income[14] - The effective tax rate for Q3 2016 was approximately 22.9%, compared to 20.7% in Q3 2015, indicating a slight increase in tax burden[29] - Management expenses for Q3 2016 were CNY 28,492,706.68, down from CNY 32,639,641.79 in Q3 2015, indicating a reduction of approximately 12.5%[32] - The company’s financial expenses decreased to ¥106,798,550.38 in Q3 2016 from ¥152,157,565.10 in Q3 2015, reflecting better cost management[28]