JAHB(SH:603822)2017-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 625,217,979.19, a 92.81% increase year-on-year[6] - Net profit attributable to shareholders rose by 8.65% to CNY 29,943,578.84 for the same period[6] - Net profit for the first nine months was CNY 310,927,007.54, compared to CNY 298,751,828.28 in the previous year, showing a growth of about 4.3%[25] - The total profit for the first nine months of 2017 was ¥32.0 million, slightly up from ¥31.7 million in the same period last year[27] - The net profit for Q3 2017 was ¥13.8 million, up 26% from ¥10.9 million in Q3 2016[28] - The gross profit margin for the first nine months of 2017 was approximately 14.3%, compared to 18.5% in the same period last year, indicating a decline in profitability[29] Assets and Liabilities - Total assets increased by 29.66% to CNY 1,296,922,505.98 compared to the end of the previous year[6] - Current liabilities rose to CNY 474,513,143.38 from CNY 338,153,325.41, an increase of about 40.3%[20] - The company reported a total liability of CNY 627,695,223.97, up from CNY 351,053,587.81, reflecting an increase of approximately 78.7%[20] - Total equity attributable to shareholders increased to CNY 648,472,855.87 from CNY 633,778,781.43, reflecting a growth of approximately 2.2%[21] - The total equity increased to CNY 669,227,282.01 from CNY 649,177,507.33, which is an increase of about 3.6%[21] Cash Flow - Net cash flow from operating activities decreased by 29.90% to CNY 16,204,946.36 compared to the previous year[6] - Cash and cash equivalents increased to CNY 204,175,034.21 from CNY 106,112,814.13, a growth of approximately 92.2%[21] - Cash inflow from sales and services reached ¥650.13 million, a significant increase of 73.5% compared to ¥374.24 million in the same period last year[32] - Net cash flow from operating activities was ¥16.20 million, down 30% from ¥23.12 million year-on-year[32] - Cash outflow for purchasing goods and services was ¥483.06 million, up 54.8% from ¥312.18 million in the previous year[32] - Cash inflow from investment activities was ¥4.65 million, down 43.5% from ¥8.27 million in the previous year[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,030[8] - The largest shareholder, Tongxiang Shunchang Investment Co., Ltd., held 44.65% of the shares, with 32,750,000 shares pledged[8] Operational Costs - Operating costs increased by 110.59% to ¥545,103,516.42, reflecting the rise in revenue and corresponding costs[12] - Operating costs for the same period increased to CNY 230,009,837.84 from CNY 106,527,089.64, representing an increase of approximately 115.5%[26] - The company's operating costs for Q3 2017 were ¥201.3 million, which is an increase from ¥88.8 million in Q3 2016, indicating a rise in operational expenses[29] Investments and Acquisitions - The company reported a 446.51% increase in goodwill to ¥79,135,405.15, mainly due to the acquisition of Dongjiang Energy[12] - Long-term investments rose significantly to CNY 295,850,000.00 from CNY 89,350,000.00, indicating a growth of about 231.5%[21] - The company is currently involved in litigation regarding equity transfer disputes with the original shareholders of Dongjiang Energy, which may impact future profits[13] Financial Expenses - The company’s financial expenses increased by 63.51% to ¥14,335,952.30, primarily due to increased borrowings and interest expenses[12] - The financial expenses for the first nine months of 2017 were ¥12.5 million, compared to ¥7.4 million in the same period last year, showing a 69% increase[29] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[30]