2017-02-23 16:00Financial Performance - Total operating revenue for 2016 reached CNY 3,901,920,244.79, an increase of 109.01% year-on-year[3] - Net profit attributable to shareholders was CNY 1,567,226,505.16, reflecting a significant increase of 532.30% compared to the previous year[3] - Basic earnings per share rose to CNY 1.59, up 536.00% from CNY 0.25 in the prior year[3] Asset and Investment - The company's total assets increased by 49.69% to CNY 11,251,262,883.15 from CNY 7,516,329,371.36 at the beginning of the period[3] - Investment income increased by approximately CNY 65 million from SQM dividends and other business activities[9] - The company recorded an asset impairment provision of CNY 26,234,000, reducing net profit by CNY 19,675,000[5] Profitability and Margins - The gross profit margin improved due to increased sales volume and prices of lithium chemical products, contributing to higher operating income and gross profit[9] Financial Ratios - As of December 31, 2016, the debt-to-asset ratio was 47.55%, indicating a relatively low level of financial leverage[10] - The current ratio was 1.27 and the quick ratio was 1.12, reflecting strong liquidity and debt repayment capability[10] Forecast Accuracy - There were no discrepancies between the reported performance and previous earnings forecasts[12]