ZHEJIANG DINGLI(SH:603338)2016-10-26 16:00Financial Performance - Operating revenue for the first nine months reached CNY 497,195,549.74, a 41.61% increase year-on-year[7] - Net profit attributable to shareholders rose by 33.56% to CNY 133,587,776.63 for the same period[7] - Basic earnings per share increased by 22.39% to CNY 0.82[7] - The company's total profit for Q3 2016 was ¥158,100,581.58, a 34.03% increase from ¥117,960,237.56 in the previous year, driven by increased sales revenue[13] - Net profit for the first nine months of 2016 was ¥148,497,507.63, compared to ¥103,922,824.63 for the same period in 2015, reflecting a 42.8% increase[31] - Total profit for Q3 2016 was ¥60,131,597.60, compared to ¥45,515,197.67 in Q3 2015, marking a 32.2% increase[32] Asset and Liability Changes - Total assets increased by 22.32% to CNY 1,339,360,812.41 compared to the end of the previous year[7] - Accounts receivable increased by 65.36% to CNY 167,219,853.59, attributed to increased sales and extended credit terms for some customers[12] - The total current assets decreased to CNY 734,462,150.42 from CNY 816,401,127.12, a decline of about 10.1%[24] - Non-current assets totaled CNY 604,898,661.99, up from CNY 278,529,308.41, marking an increase of approximately 117.0%[24] - Total liabilities as of September 30, 2016, were ¥247,900,148.90, compared to ¥172,986,609.52 at the beginning of the year, indicating a 43.2% increase[28] Cash Flow Analysis - Cash flow from operating activities showed a significant decline of 261.86%, resulting in a net outflow of CNY 114,108,199.40[7] - The company's net cash flow from operating activities was -¥114,108,199.40, a decrease of 261.86% from ¥70,498,592.07 in the previous year, mainly due to increased payments for after-sales leasing services[13] - Operating cash inflow for Q3 2016 totaled ¥484,576,528.96, an increase from ¥391,103,052.68 in the same period last year, representing a growth of approximately 24%[39] - The net cash flow from investment activities for Q3 2016 was ¥124,304,364.41, a turnaround from a negative cash flow of -¥299,377,889.38 in Q3 2015[39] - Total cash outflow for operating activities in Q3 2016 was ¥598,684,728.36, compared to ¥320,604,460.61 in Q3 2015, representing an increase of about 86%[39] Shareholder and Governance Commitments - The company plans to repurchase shares using its own funds, with a total amount not exceeding 10% of the audited net profit attributable to the parent company from the previous year[17] - The company commits to not engaging in any competitive business activities that may conflict with its operations[17] - The company guarantees compliance with corporate governance and will not seek improper benefits through the positions of shareholders or management[17] - The company has committed to not transferring more than 25% of its total shares held during its tenure as a director or senior management[19] - The company will notify the market of any shareholding increase plans within 2 trading days after submission[19] Investment and Development Plans - The company plans to raise up to ¥110,990 million through a non-public stock issuance, with proceeds intended for the construction of large intelligent aerial work platforms and to supplement working capital[15] - The company plans to continue focusing on new product development and market expansion in the upcoming quarters[35] - The company reported a significant increase in investment income, reaching ¥2,024,553.43 in Q3 2016, compared to ¥2,311,027.39 in Q3 2015[35] Other Financial Metrics - The weighted average return on equity decreased by 0.62 percentage points to 13.63%[7] - The company's management expenses rose by 51.37% to ¥44,362,689.33, primarily due to increased investment in new product research and development[13] - The company's cash and cash equivalents increased to CNY 356,944,013.07 from CNY 297,513,580.27, reflecting a growth of approximately 19.9%[23] - The company's retained earnings increased to ¥444,041,270.86 from ¥323,745,142.23, a growth of 37.2%[28]