2017-10-29 16:00Financial Performance - Revenue for the first nine months reached CNY 1,770,653.16 million, a 406.47% increase year-on-year[6] - Net profit attributable to shareholders increased by 174.98% to CNY 160,454.06 million compared to the same period last year[6] - Net profit excluding non-recurring gains and losses increased by 196.10% to CNY 195,639.88 million for the first nine months[6] - Basic earnings per share rose by 160.12% to CNY 0.09 per share compared to the same period last year[6] - Total operating revenue for the third quarter reached ¥605,159.10 million, a significant increase from ¥123,618.48 million in the same period last year, representing a growth of 388.5%[36] - Net profit for the third quarter was ¥91,164.43 million, up from ¥6,664.98 million year-over-year, reflecting a growth of 1,267.5%[37] - The profit attributable to the parent company's shareholders was ¥76,940.19 million, compared to ¥7,159.62 million in the same period last year, an increase of 973.5%[37] - The total profit for the third quarter was ¥132,353.02 million, up from ¥14,707.89 million year-over-year, representing an increase of 799.5%[37] - The company reported a total comprehensive income of ¥75,950.47 million for the third quarter, compared to ¥55,484.37 million in the same period last year, an increase of 37.1%[38] Assets and Liabilities - Total assets increased by 13.68% to CNY 10,020,715.69 million compared to the end of the previous year[6] - Current assets rose to CNY 3,879,243.86, up from CNY 1,980,295.62, marking an increase of about 96%[28] - Total liabilities increased to CNY 5,532,416.12 from CNY 5,380,991.16, reflecting a rise of about 2.8%[29] - Current liabilities decreased to CNY 1,325,344.75 from CNY 1,598,167.48, a reduction of approximately 17%[28] - Non-current liabilities rose to CNY 4,207,071.37 from CNY 3,782,823.68, an increase of about 11.2%[29] - Shareholders' equity increased to CNY 4,488,299.57 from CNY 3,433,692.70, representing a growth of approximately 30.7%[29] Cash Flow - Operating cash flow increased by 554.66% to CNY 566,645.63 million for the first nine months compared to the same period last year[6] - The net cash flow from operating activities was ¥566,645.63, an increase of ¥480,089.87 compared to ¥86,555.76 in the previous year, driven by the increase in merger scope and rising product prices[19] - Cash flow from operating activities showed a strong increase, with cash inflows totaling CNY 1,853,154.71 million, compared to CNY 425,000.91 million last year[43] - Financing activities generated a net cash inflow of CNY 1,726,824.69 million, up from CNY 1,210,968.29 million year-over-year[45] Shareholder Information - The total number of shareholders reached 271,587 by the end of the reporting period[9] - The top ten shareholders held a combined 72.23% of the shares, with the largest shareholder holding 24.69%[9] Production and Costs - The company achieved a copper metal production of 159,615 tons and a cobalt metal production of 11,575 tons, with a C1 cash cost of $0.24 per pound[20] - The company reported a significant increase in accounts receivable, totaling ¥255,229.77, a rise of 74.60% from ¥146,180.72, attributed to the increase in merger scope and rising sales prices[13] - The company’s financial expenses surged to ¥137,183.52, a 739.28% increase from ¥16,345.34, largely due to foreign exchange losses of ¥40,841 million[16] - The company has seen a significant increase in management expenses, which rose to ¥29,809.27 million from ¥9,537.48 million, an increase of 212.5%[36] Investment Activities - The company completed a non-public offering of shares, raising a total of approximately ¥17.86 billion, which increased the total share capital from 16,887,198,699 shares to 21,599,240,583 shares[22] - The company’s investment activities resulted in a net cash outflow of ¥1,244,106.80, reflecting the payment for the acquisition of the Brazilian niobium-phosphate business[19] - Investment activities resulted in a net cash outflow of CNY 1,244,106.80 million, compared to a net outflow of CNY 1,042,739.30 million in the previous year[45] Expectations and Future Outlook - The company expects a substantial increase in annual cumulative net profit compared to the previous year, driven by the expansion of the merger scope and rising market prices for related products[24]