FANGDA S.Steel(SH:600507)2017-10-23 16:00Financial Performance - Operating revenue for the first nine months reached CNY 10,126,911,639.89, a 67.80% increase year-on-year[7] - Net profit attributable to shareholders surged by 238.66% to CNY 1,527,784,602.99 for the first nine months[7] - Basic and diluted earnings per share rose by 232.66% to CNY 1.161[8] - The company's profit indicators significantly improved due to the continuous increase in domestic steel prices in the first three quarters of 2017, leading to a substantial year-on-year performance increase[14] - Total operating revenue for the first nine months reached ¥10,126,911,639.89, a significant increase from ¥6,035,171,484.82 in the same period last year, representing a growth of approximately 67.5%[28] - Total operating costs for the first nine months were ¥8,087,523,778.19, up from ¥5,430,525,295.54, indicating a year-over-year increase of about 48.7%[29] - Operating profit for the third quarter was ¥1,120,648,999.97, compared to ¥265,367,531.47 in the same quarter last year, reflecting a growth of approximately 322.5%[29] - Net profit attributable to shareholders for Q3 2017 was ¥834,964,508.84, compared to ¥204,069,885.36 in Q3 2016, representing a 309% increase[31] - Cumulative net profit attributable to shareholders for the first nine months of 2017 was ¥1,539,519,413.70, compared to ¥462,923,776.54 in the same period of 2016, marking a 232% increase[31] Assets and Liabilities - Total assets increased by 22.87% to CNY 10,415,987,552.03 compared to the end of the previous year[7] - As of September 30, 2017, the total assets amounted to ¥10,415,987,552.03, an increase from ¥8,477,097,553.46 at the beginning of the year[23] - The total liabilities rose to ¥6,271,011,309.18 from ¥5,549,062,115.80, indicating increased leverage[23] - Total liabilities rose to ¥6,935,670,381.50, up from ¥5,113,191,120.30, which is an increase of approximately 35.5%[27] - The company's equity attributable to shareholders increased to ¥3,855,442,042.35 from ¥2,650,098,058.18, showing strong retained earnings growth[23] - The company's total current assets amounted to ¥6,068,592,792.83, compared to ¥3,287,431,418.47, indicating a growth of about 84.5%[26] Cash Flow - The net cash flow from operating activities increased by 78.98% to CNY 1,574,044,420.10 compared to the same period last year[7] - The cash inflow from sales of goods and services reached ¥7,862,845,170.76, a significant increase of 62.5% compared to ¥4,833,429,248.80 in the same period last year[37] - The ending balance of cash and cash equivalents increased to ¥1,697,374,591.73, compared to ¥948,694,560.16 at the end of the same period last year[39] - Total cash inflow from investment activities was ¥37,091,811.20, compared to ¥20,967,361.74 in the previous year, reflecting a growth of 77.5%[38] - Cash flow from financing activities showed a net outflow of ¥348,899,179.51, improving from a net outflow of ¥1,154,231,957.31 year-on-year[38] Shareholder Information - The total number of shareholders reached 72,007 by the end of the reporting period[11] - The largest shareholder, Jiangxi Fangda Steel Group, holds 39.62% of the shares, with 482 million shares pledged[11] Government Support and Other Income - The company received government subsidies amounting to CNY 22,687,370.19 during the reporting period[10] - Non-operating income and expenses totaled CNY 12,455,890.24 for the reporting period[10] Investment and Expansion - The company won a land auction for an industrial project with a total price of ¥22,971,638.58, which will support future expansion[16] - The company is in the process of completing the deregistration of its indirect subsidiary, Wuhan Fangda Seagull Industrial Co., Ltd.[16]