CSN(600029)2016-10-28 16:00Financial Performance - Net profit attributable to shareholders increased by 37.45% to RMB 6,441 million compared to the same period last year[8] - Operating revenue for the first nine months reached RMB 86,652 million, a 1.52% increase year-on-year[7] - Basic earnings per share rose by 37.50% to RMB 0.66 compared to the same period last year[8] - The weighted average return on equity increased by 2.99 percentage points to 15.34%[8] - The company reported a net profit of RMB 5,905 million excluding non-recurring gains and losses, a 34.42% increase year-on-year[8] - The company’s operating profit for Q3 2016 was RMB 3,881 million, significantly higher than RMB 1,285 million in Q3 2015, representing a growth of 202.5%[33] - Net profit for Q3 2016 reached 2,652 million RMB, up 388.5% from 542 million RMB in Q3 2015[36] - The company achieved a total comprehensive income of 4,889 million RMB for the first nine months of 2016, compared to 3,241 million RMB in the same period last year[37] Assets and Liabilities - Total assets increased by 3.26% to RMB 192,587 million compared to the end of the previous year[7] - The total liabilities of the company were RMB 136,350 million, slightly down from RMB 136,701 million at the beginning of the year[26] - The company reported a significant increase in non-current assets, totaling RMB 178,685 million, compared to RMB 171,832 million at the beginning of the year[25] - Long-term borrowings decreased by 89.93% to RMB 1,297 million, attributed to increased loan repayments[13] - Short-term borrowings decreased by 78.17% to RMB 4,254 million compared to the previous year-end[13] - Other current liabilities increased by 131.41% to RMB 18,513 million, mainly due to the increase in short-term financing bonds[13] Cash Flow - Cash flow from operating activities for the first nine months was RMB 20,569 million, up 5.62% from the previous year[7] - Operating cash flow for the first nine months of 2016 was RMB 16,381 million, slightly down from RMB 16,616 million in the same period last year, representing a decrease of 1.42%[42] - Total cash inflow from operating activities was RMB 67,270 million, compared to RMB 65,210 million in the previous year, indicating an increase of 3.16%[42] - Cash outflow from financing activities totaled RMB 69,312 million, up from RMB 39,581 million, reflecting a significant increase of 75.25%[41] - Cash inflow from financing activities reached RMB 39,745 million, a substantial increase from RMB 7,570 million in the previous year[43] Shareholder Information - The total number of shareholders reached 295,297 by the end of the reporting period[10] - The largest shareholder, China Southern Airlines Group, holds 41.14% of the shares[10] - The company has committed to not reducing its shareholdings during periods of abnormal market fluctuations, ensuring stability for investors[21] - China Southern Airlines has a long-term commitment to support its operational development and enhance performance for better investor returns[21] Investment and Income - Investment income rose by 36.60% to RMB 836 million, driven by improved profitability in aviation business investments[14] - Operating income from government subsidies and non-current asset disposals increased by 33.74% to RMB 2,858 million[14] - The company reported a financial expense of 936 million RMB in Q3 2016, a significant decrease from 3,853 million RMB in Q3 2015[35] Tax and Other Expenses - Tax payable surged by 508.75% to RMB 1,461 million, primarily due to accrued corporate income tax[13] - Non-operating income and expenses totaled RMB 245 million for the reporting period[9] - The company’s financial expenses for the first nine months decreased to RMB 3,825 million from RMB 5,789 million, a reduction of 33.8%[32] Other Financial Metrics - The company’s cash and cash equivalents decreased to RMB 4,654 million from RMB 5,610 million at the beginning of the year, reflecting a decline of approximately 17%[24] - Accounts receivable increased to RMB 3,015 million, up from RMB 2,593 million, representing a growth of about 16%[24] - The company’s equity attributable to shareholders rose to RMB 44,342 million from RMB 39,191 million, marking an increase of approximately 13%[26]