XYT(SZ:002087)2016-10-20 16:00Financial Performance - Operating revenue for the period was CNY 1,102,357,042.84, a 63.47% increase year-on-year[5] - Net profit attributable to shareholders was CNY 72,499,188.94, up 23.29% year-on-year[5] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 68,093,157.80, a significant increase of 471.02% year-on-year[5] - As of September 30, 2016, the company's net profit attributable to shareholders for the first three quarters is expected to increase by 170.00% to 190.00% compared to the previous year, driven by favorable cotton price conditions and increased production capacity[34] Assets and Liabilities - Total assets increased by 26.84% to CNY 7,885,429,013.19 compared to the end of the previous year[5] - Net assets attributable to shareholders increased by 42.58% to CNY 2,885,657,387.36 compared to the end of the previous year[5] - Cash and cash equivalents increased by 163.18% compared to the beginning of the year, mainly due to funds raised from a private placement and bond issuance[13] - As of September 30, 2016, the company's deferred tax assets increased by 65.70% compared to the beginning of the year, mainly due to an increase in the tax rate of subsidiaries and an increase in bad debt provisions[22] - As of September 30, 2016, the company's long-term equity investments amounted to zero, resulting from the disposal of equity in China Cotton Group Henan Cotton Co., Ltd.[18] - As of September 30, 2016, the company's intangible assets increased by 152.98% compared to the beginning of the year, due to the completion of land certificates for certain commercial and residential land[20] - As of September 30, 2016, the company's construction in progress increased by 203.07% compared to the beginning of the year, reflecting increased investment in ongoing projects[19] - As of September 30, 2016, the company's long-term borrowings decreased by 40.25% compared to the beginning of the year, as part of long-term borrowings due within one year were reclassified[25] - As of September 30, 2016, the company's asset impairment losses increased by 1928.35% compared to the same period last year, primarily due to increased bad debt provisions[29] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 35,014[9] - The largest shareholder, Xinye County Finance Bureau, holds 27.30% of the shares, amounting to 222,960,192 shares[9] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -193,763,573.25, a decrease of 315.46% compared to the previous year[6] - As of September 30, 2016, the company's cash flow from financing activities increased by 662.03% compared to the same period last year, primarily due to funds raised from stock and bond issuance[31] Expenses - Basic earnings per share decreased by 22.18% to CNY 0.0677[6] - As of September 30, 2016, the company's sales expenses increased by 43.09% compared to the same period last year, mainly due to increased sales volume and shipping costs[27] - As of September 30, 2016, the company's operating cost and gross profit margin increased by 32.34% and 3.74% respectively compared to the same period last year, primarily due to increased cotton yarn production capacity and strategic cotton inventory management[26]