CSN(SH:600029)2017-10-30 16:00Financial Performance - Operating revenue for the first nine months rose by 10.93% to RMB 96,123 million year-on-year[6] - Net profit attributable to shareholders increased by 9.46% to RMB 7,050 million for the first nine months[6] - Basic earnings per share increased by 7.58% to RMB 0.71[6] - Net profit for the first three quarters reached RMB 8,210 million, a 9% increase compared to RMB 7,535 million in the same period last year[28] - The company reported a net profit attributable to shareholders of RMB 7,050 million for the first three quarters, compared to RMB 6,441 million in the same period last year, reflecting a growth of 9.5%[28] - Net profit for Q3 2017 was RMB 3,325 million, up 25.38% from RMB 2,652 million in Q3 2016[32] - Total comprehensive income for Q3 2017 was RMB 3,332 million, compared to RMB 2,677 million in Q3 2016, reflecting a 24.51% increase[33] Assets and Liabilities - Total assets increased by 5.42% to RMB 211,334 million compared to the end of the previous year[6] - The company’s net assets attributable to shareholders increased by 17.38% to RMB 50,686 million compared to the end of the previous year[6] - The company's total liabilities increased to RMB 147,827 million from RMB 145,753 million, indicating a slight rise in financial obligations[20] - The total liabilities increased to RMB 126,503 million, up from RMB 120,531 million at the beginning of the year, indicating a rise of approximately 5.5%[24] - Long-term borrowings increased significantly by 797.94% to RMB 9,599 million, reflecting new long-term loans taken during the reporting period[15] Cash Flow - Cash flow from operating activities decreased by 16.56% to RMB 17,163 million compared to the same period last year[6] - Cash flow from operating activities for the first nine months of 2017 was RMB 104,251 million, an increase from RMB 94,315 million in the same period last year[35] - Cash flow from investing activities showed a net outflow of RMB 5,016 million for the first nine months of 2017, improving from a net outflow of RMB 6,675 million in the previous year[36] - Cash flow from financing activities resulted in a net outflow of RMB 10,616 million for the first nine months of 2017, compared to a net outflow of RMB 14,843 million in the same period last year[36] - Net cash flow from operating activities decreased to 11,792 million, down from 16,381 million, reflecting a decline of about 28.5%[38] - Cash outflow from investing activities significantly increased to 7,678 million, compared to 2,885 million in the previous year, indicating a rise of approximately 166.5%[38] Shareholder Information - The number of shareholders reached 218,751 by the end of the reporting period[10] - The company completed the issuance of 270,606,272 H-shares to American Airlines at a price of HKD 5.74 per share, enhancing its capital structure[16] - The company plans to issue A-shares and H-shares to specific investors, including the parent company, to raise additional capital[16] Other Income and Expenses - Other income increased by 100% to RMB 1,695 million, attributed to government subsidies[14] - Financial expenses decreased by 76.42% to RMB 902 million due to the appreciation of RMB against USD[14] - Cash paid for taxes rose by 48.66% to RMB 3,208 million, primarily due to increased value-added tax, income tax, and customs duties[15] Investment Activities - Cash received from investments surged by 562.69% to RMB 1,723 million, mainly attributed to investments from American Airlines during the reporting period[15] - The net cash recovered from the disposal of fixed assets and other long-term assets increased by 146.68% to RMB 5,057 million compared to the same period last year, primarily due to the transfer of aircraft slots and recovery of aircraft prepayments by Xiamen Airlines[15]