HAI TIAN(SH:603288)2017-10-26 16:00Financial Performance - Operating revenue for the first nine months was ¥10,845,807,320.82, representing a year-on-year growth of 21.04%[8] - Net profit attributable to shareholders for the first nine months was ¥2,538,935,185.70, up 24.49% from the same period last year[8] - Basic earnings per share for the reporting period was ¥0.94, reflecting a growth of 23.68% compared to ¥0.76 in the previous year[8] - Operating profit for the first three quarters was ¥2,997,520,442.91, up 22% from ¥2,449,085,218.46 year-on-year[26] - Net profit for Q3 2017 was CNY 716,374,414.35, up 29.5% from CNY 553,536,365.62 in the same period last year[27] - Year-to-date net profit (January to September 2017) amounted to CNY 2,538,328,659.25, representing a 24.5% increase from CNY 2,039,461,941.81 in the previous year[27] - Total comprehensive income for Q3 2017 was CNY 719,686,136.90, an increase of 27.7% from CNY 563,799,817.66 in Q3 2016[27] - The company reported a total profit of CNY 857,819,060.01 for Q3 2017, up 29.1% from CNY 664,535,116.74 in Q3 2016[27] Cash Flow and Assets - The net cash flow from operating activities for the first nine months increased by 19.70% to ¥2,109,758,219.55[8] - The company reported a significant decrease in cash and cash equivalents, down 42.74% to ¥2,975,557,490.41, primarily due to cash dividends distributed during the period[13] - Cash received from investment income rose by 117.26% to ¥130,613,892.43, due to increased returns from matured financial products[15] - The company reported a net cash flow from investment activities of CNY -2,482,932,934.03, worsening from CNY -1,585,124,011.43 in the previous year[33] - The ending balance of cash and cash equivalents was CNY 2,943,768,658.18, down from CNY 3,041,169,461.05 year-on-year, a decrease of 3.2%[33] Government Subsidies - The company received government subsidies amounting to ¥25,081,615.35 during the reporting period, which are closely related to its normal business operations[11] - Government subsidies received surged by 314.17% to ¥35,280,615.35, reflecting an increase in government support[15] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,127[10] - The company's equity attributable to shareholders rose to ¥10,726,917,552.90 from ¥10,013,769,433.03, marking an increase of approximately 7%[22] Expenses and Liabilities - Sales expenses increased by 35.62% to ¥1,518,599,107.90, driven by higher advertising, freight, and promotional costs[14] - Financial expenses rose by 105.76% to -¥60,804,424.28, mainly due to increased interest from higher deposits[14] - Total liabilities decreased to ¥1,570,458,876.91 from ¥2,637,452,992.46 at the beginning of the year, reflecting a reduction of approximately 40%[23] Investments and Acquisitions - The company acquired Zhenjiang Danhe Vinegar Co., which contributed to an increase in accounts receivable[13] - Goodwill increased by 84.93% to ¥31,767,006.90, attributed to the acquisition of a 70% stake in Zhenjiang Danhe Vinegar Co., Ltd.[14] - Investment income increased by 112.71% to ¥127,878,899.27, primarily from higher returns on matured financial products[14] Inventory and Other Assets - Inventory increased to ¥7,275,383.76 from ¥4,757,599.11, indicating a rise of approximately 53%[22] - Other receivables increased by 107.74% to ¥12,987,546.62, primarily due to the growth in the company's e-commerce business[14] - Other current assets rose by 90.32% to ¥5,074,700,186.90, mainly from increased purchases of bank wealth management products[14] - Deferred tax assets grew by 113.30% to ¥122,291,366.48, resulting from recognized deductible temporary differences[14] - Prepayments decreased by 48.66% to ¥928,788,450.07, returning to normal levels after a significant increase last year due to dealer stocking[14]