BHAS(SH:600960)2017-10-30 16:00Financial Performance - Net profit attributable to shareholders increased by 44.84% to CNY 162,927,318.51 for the first nine months[6] - Operating revenue rose by 42.99% to CNY 1,771,470,498.95 year-on-year[6] - Basic earnings per share increased by 44.89% to CNY 0.1714[6] - The company reported a significant increase of 268.08% in net profit after deducting non-recurring gains and losses[6] - The total profit for the period was RMB 170,021,477.95, reflecting a 20.57% increase from RMB 141,013,799.49[15] - Total profit for the first nine months of 2017 was ¥170,021,477.95, up 20.6% from ¥141,013,799.49 in the same period of 2016[24] - Net profit for Q3 2017 was ¥38,885,209.64, a decrease of 27.5% from ¥53,519,101.21 in Q3 2016[24] - The total comprehensive income for Q3 2017 was ¥38,885,209.64, compared to ¥53,519,101.21 in Q3 2016, indicating a decline[25] Cash Flow - Cash flow from operating activities showed a significant decline of 128.46%, resulting in a net outflow of CNY 86,209,892.96[6] - Net cash flow from operating activities was negative at RMB -86,209,892.96, a decline of 128.46% compared to RMB 302,887,458.53 in the previous period[15] - The cash flow from operating activities showed a net outflow of ¥86,209,892.96 for the first nine months, compared to a net inflow of ¥302,887,458.53 in the previous year[30] - Operating cash inflow for the year-to-date period reached approximately $1.47 billion, a decrease of 11.5% compared to $1.66 billion in the same period last year[33] - Net cash flow from operating activities was $159.88 million, down 48.0% from $308.07 million year-over-year[33] Assets and Liabilities - Total assets decreased by 2.74% to CNY 6,512,594,786.63 compared to the end of the previous year[6] - Total liabilities decreased from CNY 2,347,556,480.53 to CNY 1,917,237,397.86, a decrease of about 18.36%[20] - Current liabilities decreased from CNY 2,111,529,620.89 to CNY 1,641,711,865.48, a reduction of about 22.25%[20] - Long-term borrowings increased from CNY 143,113,510.22 to CNY 229,668,489.29, an increase of approximately 60.55%[20] - Owner's equity increased from CNY 4,348,303,796.23 to CNY 4,595,357,388.77, an increase of approximately 5.68%[20] - Cash and cash equivalents decreased from CNY 1,626,069,301.58 to CNY 1,085,099,992.77, a decline of about 33.33%[21] - Accounts receivable decreased from CNY 302,666,967.58 to CNY 8,783,212.50, a significant drop of approximately 97.09%[21] - Inventory decreased from CNY 295,534,838.41 to CNY 0, indicating a complete depletion of stock[21] Shareholder Information - The total number of shareholders reached 40,516 at the end of the reporting period[10] - The top shareholder, Beijing Haina Chuan Automotive Parts Co., Ltd., holds 23.04% of shares[10] Investment Activities - Investment activities resulted in a net cash outflow of ¥460,652,070.00, compared to a net outflow of ¥549,974,734.26 in the previous year, indicating an improvement[31] - The company reported a significant increase in long-term equity investments from CNY 426,073,259.63 to CNY 503,414,489.06, an increase of approximately 18.14%[19] Operating Costs - Operating costs increased by 49.89% to RMB 1,406,260,303.90, driven by higher sales volume and rising material and labor costs[15] - Total operating costs for Q3 2017 were ¥566,464,171.52, up 55.7% from ¥363,777,804.13 in Q3 2016[23] Tax and Expenses - The company reported a tax expense of ¥14,455,289.03 for Q3 2017, significantly higher than ¥5,084,561.62 in Q3 2016[24] - The company incurred a financial expense of ¥25,896,352.43 for the first nine months, a decrease from ¥29,998,927.77 in the previous year, reflecting a reduction of 13.9%[27] - The sales expenses for the first nine months were ¥44,521,935.94, slightly up from ¥43,792,881.34 last year, indicating a marginal increase of 1.7%[27]