Linglong Tyre(SH:601966)2016-10-27 16:00Financial Performance - Operating income for the first nine months was CNY 7.42 billion, reflecting a growth of 15.54% year-on-year[7]. - Net profit attributable to shareholders of the listed company surged by 272.02% to CNY 776.45 million compared to CNY 208.71 million in the same period last year[8]. - The weighted average return on net assets increased to 13.84%, up by 187.73 basis points from 4.81%[8]. - Basic and diluted earnings per share rose to CNY 0.73, a 247.62% increase from CNY 0.21[8]. - The company reported a significant increase in investment income, reaching ¥2,198,615.14, compared to a loss of ¥606,784.79 in the previous year[27]. - The total profit for the period was ¥239,692,939.33, compared to ¥176,862,282.65 in Q3 2015, marking a 35.5% increase[27]. - Net profit for the first nine months of 2016 was ¥304,576,962.39, a decrease of 3% compared to ¥314,239,231.01 in the same period last year[31]. - The company reported a gross profit margin of approximately 16.2% for Q3 2016, compared to 21.2% in Q3 2015[30]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 16.86 billion, an increase of 1.71% compared to the end of the previous year[7]. - Net assets attributable to shareholders of the listed company increased by 76.24% to CNY 7.69 billion from CNY 4.36 billion at the end of the previous year[7]. - The company's total current assets increased to ¥6,287,929,975.32 from ¥5,990,641,061.36, indicating growth in liquidity[19]. - Current liabilities decreased significantly from CNY 11.26 billion to CNY 7.26 billion, a reduction of 35.4%[20]. - Total liabilities decreased from CNY 12.21 billion to CNY 9.17 billion, a decline of 25%[21]. - Owner's equity increased to CNY 7.69 billion from CNY 4.37 billion, a growth of 76.5%[21]. - The company's total assets increased to ¥60,590,113.18, compared to ¥55,564,656.46 at the end of the previous year[26]. Cash Flow - Net cash flow from operating activities for the first nine months was CNY 1.84 billion, up 12.83% from CNY 1.63 billion in the previous year[7]. - Cash inflow from operating activities for the first nine months of 2016 was ¥7,435,603,070.33, up 23% from ¥6,044,640,814.82 in the previous year[33]. - The total cash inflow from operating activities was CNY 6,458,321,110.70, compared to CNY 5,879,106,597.79 in the previous year, reflecting a growth of 9.8%[36]. - The net cash flow from investing activities was -CNY 1,350,466,907.92, worsening from -CNY 372,872,312.77 year-on-year[36]. - The company reported a total cash and cash equivalents balance of CNY 1,337,012,052.69 at the end of the reporting period, compared to CNY 1,196,547,474.37 at the same time last year[37]. Shareholder Information - The total number of shareholders reached 109,287, with the largest shareholder holding 50.35% of the shares[11]. Other Financial Metrics - The company reported non-operating income of CNY 8.90 million for the third quarter, contributing to the overall financial performance[9]. - The effective tax rate for the period was approximately 8.3%, compared to 3.3% in the same quarter last year[27]. - The company’s financial expenses decreased significantly to ¥123,395,884.06 in the first nine months of 2016, down 36% from ¥193,344,066.72 in the previous year[30]. - The company’s asset impairment loss for the first nine months of 2016 was ¥38,314,211.24, down 21% from ¥48,466,347.11 in the same period last year[30]. Capital and Investment - The capital reserve increased by 617.78% to ¥2,665,484,642.50, attributed to the premium from the financing of shares[14]. - Investment income improved significantly to ¥4,255,612.79, a change of -208.49% compared to the previous year, driven by higher rubber futures business profits[14]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[28].