Bohai Ferry (SH:603167)2018-10-30 16:00Financial Performance - Operating revenue for the first nine months increased by 11.36% to CNY 1,274,465,838.12 compared to the same period last year[6]. - Net profit attributable to shareholders decreased by 9.67% to CNY 323,634,346.78 compared to the same period last year[6]. - Basic and diluted earnings per share decreased by 9.46% to CNY 0.67[7]. - The company reported a total of ¥1,274,465,838.12 in operating revenue for the first nine months of 2018, compared to ¥1,144,456,116.91 in the same period last year, marking a growth of 11.4%[29]. - The net profit for Q3 2018 was approximately ¥100.62 million, a decrease from ¥109.00 million in Q3 2017, reflecting a decline of about 3.5%[35]. - Total comprehensive income attributable to the parent company for Q3 2018 was approximately ¥69.28 million, down from ¥120.01 million in the same period last year, a decrease of about 42.2%[31]. Assets and Liabilities - Total assets increased by 10.14% to CNY 4,838,416,048.71 compared to the end of the previous year[6]. - Total liabilities increased to CNY 1,357,015,538.24 from CNY 1,064,942,447.06, representing a rise of about 27.5%[23]. - Total non-current assets reached CNY 3,470,864,312.50, up from CNY 3,303,575,749.44, indicating an increase of about 5.1%[22]. - Long-term borrowings increased by 39.75% to RMB 874,647,088.00 due to new Euro loans taken by Tianjin Bohai Ferry Leasing Co., Ltd.[15]. - The total liabilities increased to ¥780,359,425.61 from ¥443,122,730.64 at the beginning of the year, reflecting a growth of 76%[26]. Cash Flow - Net cash flow from operating activities decreased by 2.82% to CNY 422,623,309.33 compared to the same period last year[6]. - Cash inflow from operating activities for the first nine months reached ¥1,391,965,013.34, an increase of 5.4% compared to ¥1,320,102,789.12 in the previous year[37]. - Investment activities generated a net cash flow of -¥534,496,159.93, worsening from -¥271,873,159.41 in the previous year[38]. - Cash inflow from financing activities totaled ¥473,621,040.00, an increase of 79.2% compared to ¥264,493,360.00 in the prior year[38]. - The cash and cash equivalents at the end of the period decreased to ¥227,144,248.56 from ¥461,673,856.33, reflecting a decline of 50.7% year-on-year[39]. Shareholder Information - The total number of shareholders at the end of the reporting period was 33,516[11]. - The largest shareholder, Liaoyu Group Co., Ltd., holds 37.13% of the shares[11]. - Shareholders' equity increased to CNY 3,481,400,510.47 from CNY 3,328,220,983.08, indicating a growth of about 4.6%[23]. Operational Changes - Accounts receivable and accounts payable increased by 79.98% to RMB 30,826,649.05 due to increased receivables from Yantai Port[13]. - Prepayments surged by 323.13% to RMB 10,792,372.91 primarily due to increased fuel prepayments by the subsidiary Dalian Bohai Ferry Fuel Co., Ltd.[13]. - Inventory rose by 54.31% to RMB 64,778,620.51, attributed to increased fuel oil inventory at Dalian Bohai Ferry Fuel Co., Ltd.[14]. - Financial expenses rose significantly by 459.13% to RMB 50,590,003.72, mainly due to exchange losses from USD loans[17]. - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[36].