KCGJ(SH:600097)2015-10-22 16:00Financial Performance - Net profit attributable to shareholders was CNY 17,123,503.92, down 77.67% year-on-year[6]. - Operating revenue for the period was CNY 457,461,701.79, representing a decline of 31.41% compared to the same period last year[6]. - Basic earnings per share decreased by 78.95% to CNY 0.08[6]. - Total profit fell by 77.67% to ¥17,123,442.77 from ¥76,683,005.11 based on the aforementioned reasons[10]. - Net profit for Q3 was ¥11,465,088.44, a decrease of 70.5% from ¥38,778,703.12 in the same period last year[27]. - Comprehensive income for Q3 totaled ¥20,067,286.45, a decrease of 48.1% from ¥38,669,783.15 year-over-year[27]. - The company reported a total profit of ¥11,465,088.44 for the first nine months, compared to ¥76,683,005.11 in the previous year[27]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 41.54% to CNY 54,368,693.94 year-to-date[6]. - The total cash inflow from operating activities for the first nine months was CNY 616,292,405.90, a slight increase from CNY 596,002,738.70 in the previous year, representing a growth of approximately 3%[33]. - The net cash flow from operating activities was CNY 54,368,693.94, compared to CNY 38,412,926.36 in the same period last year, indicating an increase of about 41.5%[33]. - Cash received from sales of goods and services was CNY 423,662,341.76, down from CNY 577,418,888.30 in the previous year, reflecting a decrease of approximately 26.6%[32]. - The ending cash and cash equivalents balance was CNY 209,678,864.52, compared to CNY 142,486,999.95 at the end of the previous year, showing an increase of approximately 47%[34]. - Cash received from tax refunds was CNY 1,202,761.54, with additional cash inflow from other operating activities amounting to CNY 191,427,302.60, which is significantly higher than CNY 18,583,850.40 from the previous year[33]. - The company paid CNY 440,169,661.82 for purchasing goods and services, a decrease from CNY 455,341,385.34 in the previous year[33]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,305,295,303.59, a decrease of 3.40% compared to the end of the previous year[6]. - Non-current assets totaled ¥682,094,368.41, down from ¥740,219,403.53, representing a decrease of about 7.8%[18]. - Current liabilities decreased from ¥405,294,240.89 to ¥361,824,703.02, a reduction of approximately 10.7%[18]. - Total liabilities decreased from ¥432,611,320.62 to ¥390,461,619.83, reflecting a decline of about 9.7%[19]. - Owner's equity decreased from ¥918,607,510.37 to ¥914,833,683.76, a slight decrease of approximately 0.3%[19]. - Total current assets decreased from ¥108,155,227.60 to ¥74,028,244.32, a decline of approximately 31.6%[22]. - The company reported a total owner's equity of ¥1,218,609,847.06, down from ¥1,251,428,658.42, a decrease of about 2.6%[23]. - The total liabilities and owner's equity decreased from ¥1,253,831,543.39 to ¥1,219,704,560.11, a decline of approximately 2.7%[23]. Shareholder Information - The total number of shareholders at the end of the reporting period was 12,866[9]. - The largest shareholder, Shanghai Ocean Fishing Co., Ltd., held 43.02% of the shares[9]. Operational Highlights - Government subsidies recognized in the current period amounted to CNY 738,502.97[7]. - The company reported a total of CNY 688,502.97 in other operating income and expenses for the current period[7]. - Accounts receivable decreased by 55.25% to ¥7,830,194.05 from ¥17,497,222.22 due to normal recovery of fish sales[10]. - Prepayments increased by 314.17% to ¥9,663,773.94 from ¥2,333,280.05 due to normal pre-sales of fish[10]. - Inventory rose by 42.97% to ¥231,707,872.65 from ¥162,062,102.31 primarily due to an increase in stock[10]. - Total operating revenue for Q3 was ¥178,351,251.08, a decrease of 26.3% from ¥241,957,005.82 in the same period last year[26]. - Total operating costs for Q3 were ¥211,048,949.42, down 17.6% from ¥256,301,732.18 year-over-year[26]. - Operating profit for Q3 was a loss of ¥32,697,698.34, compared to a loss of ¥14,344,726.36 in the previous year[26]. - Management expenses for Q3 increased to ¥15,092,682.57, up 40.5% from ¥10,767,919.92 in the same period last year[26]. - Sales expenses for Q3 were ¥33,013,540.94, down 24.3% from ¥43,531,274.40 year-over-year[26]. - The company has not disclosed any new product developments or market expansion strategies in the current report[26]. Future Plans and Investments - The company plans to raise approximately ¥1.1 billion through a private placement to acquire stakes in various fisheries and establish a new tuna processing base[11]. - The acquisition involves complex due diligence and government approvals, particularly for the Kiribati fisheries company, which is the largest in its country[12]. - The company is actively negotiating with counterparties regarding pricing due to significant fluctuations in the RMB exchange rate affecting overseas transactions[12]. - The company will disclose the private placement plan by November 30, 2015, following the approval of the second extraordinary general meeting[12].