TECON(SZ:002100)2016-10-27 16:00Financial Performance - Net profit attributable to shareholders rose by 79.07% to CNY 126,938,759.87 for the current period[9] - Operating revenue for the current period was CNY 1,092,700,842.11, reflecting a 0.69% increase year-on-year[9] - Basic earnings per share increased by 85.71% to CNY 0.13[9] - The weighted average return on net assets improved to 5.16%, up from 1.98% in the previous year[9] - The net cash flow from operating activities for the year-to-date was CNY 374,368,403.61, a 45.62% increase[9] - Operating profit for the current period was ¥141,124,519.61, significantly higher than ¥66,095,085.10 in the previous period, indicating an increase of approximately 113%[41] - Net profit attributable to shareholders of the parent company was ¥126,938,759.87, compared to ¥70,889,139.98 in the previous period, reflecting an increase of around 79%[41] - Net profit for the period was CNY 317,221,749.63, compared to CNY 210,366,889.77 in the same period last year, reflecting a significant increase of about 50.8%[49] - Earnings per share (EPS) for the current period was CNY 0.33, up from CNY 0.22 in the previous period, indicating a growth of 50%[50] Assets and Liabilities - Total assets increased by 7.28% to CNY 4,082,141,296.49 compared to the end of the previous year[9] - Current assets totaled ¥2,197,507,614.72, up from ¥2,065,782,845.79 at the start of the year[32] - The company's total liabilities as of September 30, 2016, were ¥1,453,861,567.51, compared to ¥1,420,041,774.94 at the beginning of the year[34] - The company's retained earnings increased significantly to ¥900,943,255.68 from ¥697,664,593.94, reflecting strong profit retention[35] - The company's total liabilities increased to ¥1,040,579,946.91 from ¥851,803,206.90, indicating a rise of about 22.2%[38] Cash Flow - Cash inflow from operating activities totaled CNY 2,761,357,778.08, a decrease of 5.4% from CNY 2,919,952,628.16 in the previous period[56] - Net cash flow from operating activities increased to CNY 374,368,403.61, up 45.7% from CNY 257,084,981.91 in the previous period[57] - Cash outflow for purchasing goods and services was CNY 1,910,820,821.43, down 6.5% from CNY 2,043,374,007.06[56] - Cash flow from investing activities resulted in a net outflow of CNY 253,756,547.43, compared to a smaller outflow of CNY 48,494,713.65 in the previous period[57] - Cash inflow from financing activities was CNY 527,000,000.00, down 30.4% from CNY 757,050,000.00 in the previous period[57] Shareholder Information - The total number of shareholders at the end of the reporting period was 63,891[13] - The largest shareholder, Xinjiang Production and Construction Corps, holds 29.47% of the shares[13] Government and Regulatory Compliance - The company reported a government subsidy of CNY 5,740,989.26 during the period[10] - The company is in compliance with all applicable laws and regulations, ensuring no penalties or legal issues arise from its operations[23] - The company has committed to maintaining its independence in operations, assets, and finances, adhering to relevant laws and regulations[22] Inventory and Receivables - Accounts receivable increased by 307.37% to ¥570,264,179.69 due to government procurement sales and quarterly credit sales in the feed business[17] - Inventory decreased by 38.99% to ¥470,761,185.26 as a result of completed sales in the oil business and reduced raw materials in the feed business[17] - Other receivables increased by 56.19% to ¥81,104,365.52 due to increased personnel expense reserves from business expansion[17] Future Plans and Commitments - The company plans to actively distribute profits through cash dividends over the next three years, in accordance with legal and regulatory requirements[23] - The company plans to distribute cash dividends of no less than 10% of the distributable profit achieved in the current year, with potential increases in the dividend ratio if net profits continue to grow steadily over the next three years[24]