JHCC(SZ:002484)2016-10-27 16:00Financial Performance - Net profit attributable to shareholders rose by 33.54% to CNY 39,725,757.27 for the reporting period[8] - Operating revenue for the period reached CNY 322,579,792.80, reflecting a growth of 13.31% year-on-year[8] - The estimated net profit attributable to shareholders for 2016 is expected to range from CNY 141,980,100 to CNY 161,341,000, representing a change of 10.00% to 25.00% compared to the previous year[20] - The net profit for 2015 attributable to shareholders was CNY 129,072,800[20] - The improvement in performance is attributed to continuous improvement in market demand and cost control[20] Asset and Equity Growth - Total assets increased by 64.75% to CNY 3,379,264,266.33 compared to the end of the previous year[8] - The company's net assets attributable to shareholders grew by 74.44% to CNY 2,926,545,875.25 compared to the previous year[8] - The company's equity and capital reserve increased by CNY 294,242,647 and CNY 887,593,192.64, representing growth rates of 88.41% and 130.51% respectively, mainly due to the non-public offering of shares in August 2016 and the transfer of capital reserves to equity from 2015[17] Cash Flow and Financing - The net cash flow from operating activities increased by 20.46% to CNY 117,481,124.86 year-to-date[8] - Net cash flow from financing activities increased by CNY 1,165,523,623.08, a surge of 3,305.02%, primarily due to the funds raised from the non-public offering of shares in August 2016[17] - The ending balance of cash and cash equivalents increased by CNY 1,164,431,301.85, reflecting a growth of 263.47%, mainly from the funds raised in the non-public offering[17] - The company raised CNY 1,154,603,367.02 through a non-public stock issuance in August 2016, leading to a 236.65% increase in cash and cash equivalents[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,907[11] - The company has fulfilled its commitment to distribute dividends to minority shareholders as promised[19] Liabilities and Impairments - Short-term borrowings were reduced to zero, a 100% decrease, as a subsidiary repaid its bank loans[15] - Asset impairment losses rose by CNY 1,243,708.61 in the first nine months of 2016, marking a 149.40% increase, mainly due to provisions for inventory depreciation and bad debts[17] - Operating tax and additional charges increased by CNY 1,216,183.41 in the first nine months of 2016, a rise of 33.78%, primarily due to an increase in the value-added tax offset leading to higher urban maintenance and construction tax and education fees[17] Compliance and Governance - There are no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[21][22] - The weighted average return on equity decreased by 0.55% to 5.39% year-to-date[8] Other Receivables - The company reported a significant increase of 1102.31% in other receivables, primarily due to prepayments for land and acquisitions[15]