Bohai Ferry (SH:603167)2019-10-27 16:00Financial Performance - Net profit attributable to shareholders increased by 6.39% to CNY 344,309,333.79 for the first nine months of the year[6] - Operating revenue decreased slightly by 0.15% to CNY 1,272,615,095.44 for the first nine months[6] - Basic and diluted earnings per share increased by 7.46% to CNY 0.72[7] - The weighted average return on equity rose by 0.44 percentage points to 10.25%[7] - Total operating revenue for Q3 2019 was ¥459,670,985.13, a decrease of 6.5% compared to ¥491,927,041.65 in Q3 2018[31] - Net profit for Q3 2019 was ¥111,797,564.26, slightly up from ¥111,309,351.28 in Q3 2018, indicating a growth of 0.4%[32] - The company achieved a net profit of ¥340,199,301.40 for the first three quarters of 2019, up from ¥311,596,862.81 in the same period of 2018[41] - Total profit for Q3 2019 reached ¥120,561,293.06, down from ¥131,069,409.27 in Q3 2018, reflecting a decline of 3.9%[39] Assets and Liabilities - Total assets increased by 3.69% to CNY 5,163,219,887.41 compared to the end of the previous year[6] - As of September 30, 2019, cash and cash equivalents increased by 215.24% to RMB 775,121,360.07 compared to RMB 245,882,556.15 at the end of 2018[14] - Accounts receivable rose by 124.78% to RMB 47,504,173.43, primarily due to an increase in receivables from transportation ticket sales and charter services[14] - Total liabilities due within one year increased by 107.45% to RMB 639,743,197.00, mainly from the reclassification of long-term borrowings[14] - The company's total liabilities increased to ¥1,695,952,351.90 from ¥1,385,667,119.77, which is an increase of approximately 22%[24] - The total liabilities as of September 30, 2019, amounted to ¥946,628,669.46, an increase of 16.3% from ¥813,954,921.49 at the end of 2018[29] - The company's equity attributable to shareholders decreased to ¥3,317,020,922.06 from ¥3,444,071,165.93, a decline of about 4%[24] Cash Flow - Cash flow from operating activities increased by 4.42% to CNY 441,321,210.37 for the first nine months[6] - The net cash flow from investing activities improved by 165.28%, reaching RMB 348,922,722.15, due to the recovery of financial products[16] - Cash inflow from investment activities totaled CNY 156,022,569.66, a decrease from CNY 386,344,387.24 in 2018[48] - The net increase in cash and cash equivalents for the first three quarters of 2019 was CNY 376,138,912.94, compared to CNY 27,665,747.35 in the previous year[48] - Total cash outflow for operating activities was CNY 794,435,280.44, down from CNY 966,288,399.48 in 2018[47] Shareholder Information - The total number of shareholders reached 28,240 at the end of the reporting period[10] - The largest shareholder, Liaoyu Group Co., Ltd., holds 38.74% of the shares[10] Other Income and Expenses - Government subsidies recognized in the first nine months amounted to CNY 148,980,010.12[8] - Non-operating income for the first nine months totaled CNY 123,627,234.34[9] - Other income increased by 39.09% to RMB 148,977,010.12, primarily from increased fuel price reform subsidies received[15] - The company experienced a 1400.60% increase in non-operating income to RMB 4,463,301.24, driven by received penalties and insurance compensation[15] Inventory and Receivables - Inventory increased by 90.04% to RMB 92,816,927.32, attributed to the rise in shale oil and fuel oil stock at Bohai Ferry[14] - Other receivables surged by 302.74% to RMB 16,293,540.83, mainly from government subsidies and advances from Longkou City Finance Bureau[14] Financial Standards and Regulations - The company implemented new financial instrument standards effective January 1, 2019, impacting the reporting of retained earnings[57]