Jiaze Renewables(SH:601619)2017-10-26 16:00Financial Performance - Operating revenue for the first nine months reached CNY 622,615,773.05, a growth of 29.64% year-on-year[7] - Net profit attributable to shareholders increased by 45.17% to CNY 128,474,625.00 for the first nine months[7] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which rose by 48.39% to CNY 127,911,240.07[7] - The company’s basic earnings per share rose by 41.65% to 0.0721 RMB, driven by the increase in net profit[16] - Year-to-date operating revenue (January to September) reached ¥622.62 million, an increase of 29.6% from ¥480.25 million in the same period last year[26] - Year-to-date net profit attributable to shareholders was ¥128.47 million, up 45.0% from ¥88.50 million in the same period last year[28] - The company reported a total profit of ¥38.94 million for Q3, down 14.3% from ¥45.44 million in the same quarter last year[27] Assets and Liabilities - Total assets increased by 15.96% to CNY 9,139,631,305.97 compared to the end of the previous year[7] - Current assets totaled CNY 1,797,532,255.91, an increase of 63.0% from CNY 1,102,828,807.71 at the start of the year[19] - Non-current assets reached CNY 7,342,099,050.06, up from CNY 6,778,837,579.68, reflecting a growth of about 8.3%[19] - Total liabilities amounted to CNY 6,744,143,369.55, compared to CNY 5,814,049,940.46 at the beginning of the year, indicating an increase of approximately 15.9%[20] - Owner's equity rose to CNY 2,395,487,936.42 from CNY 2,067,616,446.93, marking an increase of around 15.8%[20] - The total liabilities to equity ratio was approximately 2.81, indicating a leveraged position in the capital structure[20] Cash Flow - The net cash flow from operating activities decreased by 35.07% to CNY 176,019,144.77 compared to the same period last year[7] - Operating cash flow for the first nine months of 2017 was CNY 176,019,144.77, down from CNY 271,091,629.79 in the previous year, indicating a decrease of about 35%[34] - Cash inflow from operating activities totaled CNY 212,480,006.10 for the first nine months of 2017, compared to CNY 309,284,540.89 in the previous year, a decrease of about 31%[34] - The company reported a net cash outflow from investing activities of CNY 1,040,468,836.59 for the first nine months of 2017, compared to CNY 884,158,788.11 in the same period last year[35] - Cash inflow from financing activities was CNY 1,684,340,924.33 in the first nine months of 2017, significantly higher than CNY 623,400,000.00 in the previous year, marking an increase of approximately 170%[35] Shareholder Information - The total number of shareholders reached 75,404 by the end of the reporting period[9] - The top ten shareholders collectively hold 89.08% of the shares, with the largest shareholder owning 32.26%[9] - The company reported a total of CNY 254,360,245.26 in undistributed profits, compared to CNY 129,722,136.77 at the beginning of the year, indicating a growth of approximately 96.3%[20] Operational Metrics - In Q3 2017, total power generation reached 48,775 MW, a 29.99% increase compared to the same period in 2016[13] - The average on-grid electricity price for the first three quarters was 0.5381 RMB/kWh, reflecting a 27.21% year-on-year increase[13] - Wind power generation in Ningxia reached 40,405 MW in Q3 2017, a 27.20% increase year-on-year[13] - The total installed capacity for photovoltaic generation in Ningxia was 1,952 MW in Q3 2017, reflecting a 3.42% increase compared to the previous year[13] Expenses - Total operating costs increased to ¥182.80 million, a rise of 23.1% compared to ¥148.42 million in Q3 of the previous year[26] - Management expenses for Q3 were ¥8.78 million, an increase of 42.5% compared to ¥6.16 million in the same quarter last year[27] - Financial expenses for Q3 rose to ¥69.84 million, up 11.0% from ¥62.64 million in the same period last year[27]