*ST新纺(002087) - 2016 Q3 - 季度财报(更新)

Financial Performance - Operating revenue for the reporting period reached CNY 1,102,357,042.84, a 63.47% increase year-on-year[7] - Net profit attributable to shareholders was CNY 72,499,188.94, reflecting a 23.29% increase compared to the same period last year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses surged by 471.02% to CNY 68,093,157.80[7] - Revenue for the first nine months of 2016 grew by 38.46% year-over-year, driven by increased cotton yarn production capacity and strategic inventory management during rising cotton prices[16] - Net profit for the first nine months of 2016 increased by 38.76% year-over-year, reflecting improved gross margins and overall profit growth[17] - The company expects net profit attributable to shareholders for 2016 to increase by 70.00% to 90.00%, with an estimated range of 199.28 million to 222.73 million yuan[19] - The total operating revenue for the period reached CNY 2,925,924,254.51, an increase from CNY 2,113,137,869.86 in the previous period, representing a growth of approximately 38.4%[44] - The net profit for the third quarter was CNY 72,499,188.94, compared to CNY 58,801,712.11 in the same quarter last year, reflecting a year-over-year increase of about 23.3%[38] - The total profit amounted to CNY 180,658,440.65, up from CNY 123,858,960.42, indicating a growth of 45.8%[46] - The net profit for the current period was CNY 140,388,386.66, representing a 38.7% increase from CNY 101,173,896.08 in the same period last year[47] Assets and Liabilities - Total assets increased by 26.84% to CNY 7,885,429,013.19 compared to the end of the previous year[7] - The total liabilities increased to CNY 4,999,771,625.83 from CNY 4,193,153,577.63[31] - The owner's equity totaled CNY 2,885,657,387.36, up from CNY 2,023,842,943.44[32] - As of September 30, 2016, the company's total current assets amounted to approximately 4.79 billion yuan, up from 3.23 billion yuan at the beginning of the year[29] - The company's intangible assets increased by 152.98% compared to the beginning of the year, as certain land use rights were transferred from other non-current assets[14] Cash Flow - The company reported a net cash flow from operating activities of CNY -193,763,573.25, a decline of 315.46%[7] - The net cash flow from financing activities increased by 662.03% year-over-year, primarily due to funds raised from stock and bond issuance[17] - The net cash flow from operating activities was -325,725,123.31 CNY, compared to 85,520,199.62 CNY in the previous year, indicating a significant decline in operational performance[57] - Total cash inflow from financing activities reached 3,215,419,564.50 CNY, a substantial increase from 1,450,000,000.00 CNY in the same period last year[54] - The company reported a net cash increase of 871,366,639.20 CNY, compared to 47,548,232.31 CNY in the previous year, reflecting improved liquidity[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,014[10] - The largest shareholder, Xin Ye County Finance Bureau, holds 27.30% of the shares, amounting to 222,960,192 shares[10] - The company did not engage in any repurchase transactions during the reporting period[11] Operational Efficiency - The operating profit for the third quarter was CNY 79,884,187.72, significantly higher than CNY 14,590,525.17 in the previous year, indicating a substantial improvement in operational efficiency[38] - The total operating costs for the period amounted to CNY 2,775,814,677.11, up from CNY 2,058,561,495.31, which is an increase of approximately 34.7%[44] - The company incurred operating costs of CNY 2,411,829,180.18, which is an increase from CNY 1,693,857,528.95 in the previous period[49] Investment Activities - The company incurred asset impairment losses of CNY 9,522,648.45, compared to a reversal of CNY 3,228,880.24 in the previous year, indicating a deterioration in asset quality[38] - The net cash flow from investment activities was -240,776,577.67 CNY, worsening from -213,922,128.71 CNY year-over-year, indicating challenges in investment returns[54] - The investment income for the current period was CNY 934,221.88, recovering from a loss of CNY -261,546.95 in the previous period[49] Financial Ratios - The weighted average return on net assets was 2.54%, a decrease of 0.41% compared to the previous year[7] - The basic earnings per share increased to CNY 0.1644, compared to CNY 0.1497 in the previous period, reflecting a growth of 9.9%[47] - The company reported a basic earnings per share of CNY 0.0677 for the third quarter, down from CNY 0.0870 in the same quarter last year[39]