Bohai Ferry (SH:603167)2016-10-28 16:00Financial Performance - Operating revenue decreased by 3.47% to CNY 882,084,892.89 for the period from January to September compared to the same period last year[6] - Net profit attributable to shareholders increased by 46.15% to CNY 225,484,702.31 for the period from January to September compared to the same period last year[6] - Basic and diluted earnings per share increased by 46.88% to CNY 0.47[7] - Total operating revenue for Q3 2016 was ¥349,768,685.04, a slight increase from ¥343,305,629.30 in Q3 2015[28] - Net profit for Q3 2016 was ¥49,265,578.05, a decrease from ¥50,918,747.11 in Q3 2015, representing a decline of about 3.25%[29] - Total profit for the first nine months of 2016 reached ¥310,684,431.83, compared to ¥217,094,686.24 in the same period of 2015, indicating a significant increase of about 43.1%[29] - Net profit for the first nine months of 2016 reached CNY 250,305,106.21, up 37.6% from CNY 181,908,807.71 in the same period last year[32] Assets and Liabilities - Total assets increased by 4.10% to CNY 3,831,904,039.21 compared to the end of the previous year[6] - The company's total assets amounted to CNY 3,831,904,039.21, an increase from CNY 3,681,061,842.08 at the beginning of the year[22] - Total current liabilities increased to CNY 639,132,817.39 from CNY 262,063,937.33, reflecting a growth of approximately 144.1%[22] - The company reported a significant increase in total liabilities, with current liabilities rising by 547.79% to RMB 261,707,520.00 due to reclassification of long-term borrowings[12] - Total liabilities as of the end of Q3 2016 amounted to ¥281,384,053.02, down from ¥462,807,048.27 at the end of the previous year[26] - The total liabilities decreased to CNY 796,749,753.30 from CNY 835,510,653.13, a reduction of approximately 4.6%[23] Cash Flow - Net cash flow from operating activities increased by 13.45% to CNY 375,088,666.80 for the period from January to September compared to the same period last year[6] - The net cash flow from operating activities for the first nine months of 2016 was CNY 375,088,666.80, compared to CNY 330,628,816.42 in the same period last year, reflecting a 13.4% increase[34] - Cash outflow from investing activities totaled $27.02 million, significantly lower than $195.03 million in the previous year, indicating a reduction in investment expenditures[38] - The ending cash and cash equivalents balance was $271.27 million, up from $168.89 million year-over-year, indicating improved liquidity[38] Shareholder Information - The total number of shareholders at the end of the reporting period was 36,264[10] - The largest shareholder, Dalian Haiyang Fisheries Group Co., Ltd., holds 37.05% of the shares[10] Government Subsidies - Government subsidies received during the reporting period amounted to CNY 121,940,861.99, primarily related to fuel price reform subsidies[8] Inventory and Receivables - Accounts receivable surged by 120.69% to RMB 39,055,839.58, primarily due to increased receivables from Yantai Port[12] - Inventory increased by 37.91% to RMB 30,946,272.69, mainly due to the addition of fuel inventory from a newly consolidated subsidiary[12] Financial Management - Financial expenses decreased by 18.37% to RMB 29,709,069.29 due to lower loan interest expenses and reduced foreign exchange losses[13] - The company incurred financial expenses of CNY 3,133,308.25 in Q3 2016, down from CNY 5,810,385.43 in Q3 2015, indicating better financial management[31] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[32]