KCGJ(SH:600097)2016-10-27 16:00Financial Performance - Operating revenue for the first nine months rose by 55.35% to CNY 710,647,258.24 year-on-year[5] - The total revenue for the third quarter of 2016 was ¥710,647,258.24, representing a 55.35% increase compared to ¥457,461,701.79 in the previous year, primarily due to the consolidation of ALBO Company[11] - The total operating revenue for the first nine months of 2016 was ¥710,647,258.24, up from ¥457,461,701.79 in the same period of 2015, marking an increase of approximately 55.2%[26] - Total operating revenue for Q3 2016 reached ¥404,529,689.56, a significant increase from ¥178,351,251.08 in Q3 2015, representing a growth of approximately 126.7%[26] Profitability - Net profit attributable to shareholders was a loss of CNY 156,541,133.77, compared to a loss of CNY 115,731,336.45 in the same period last year[5] - The net profit attributable to the parent company was a loss of ¥156,541,133.77, worsening by 35.26% from a loss of ¥115,731,336.45 in the previous year[12] - The net loss for Q3 2016 was ¥38,403,391.34, worsening from a net loss of ¥32,059,195.37 in Q3 2015[28] - The total profit (loss) for Q3 2016 was reported at -¥37,722,610.46, compared to -¥32,059,195.37 in the same period last year[29] - The comprehensive income total for Q3 2016 was -¥33,645,796.24, compared to -¥23,457,058.51 in Q3 2015, reflecting a decline of approximately 43.3%[29] - The net loss for the first nine months of 2016 was ¥156,541,969.01, compared to a net loss of ¥115,731,397.60 in the same period of 2015[28] - The total comprehensive income for Q3 2016 was -4,272,047.81 RMB, compared to -548,531.29 RMB in Q3 2015, indicating a worsening financial position[32] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -24,025,990.92, a decrease of 144.19% compared to the previous year[5] - Operating cash flow for the period was a negative ¥24,025,990.92, a decline of 144.19% compared to a positive cash flow of ¥54,368,693.94 in the previous year[12] - The net cash flow from operating activities for the first nine months of 2016 was -24,025,990.92 RMB, a decrease from 54,368,693.94 RMB in the previous year, showing a negative shift in cash generation[35] - The company reported a total cash inflow from operating activities of 743,490,958.90 RMB for the first nine months of 2016, compared to 616,292,405.90 RMB in the previous year, showing growth in cash receipts[34] - The net cash flow from operating activities for the year-to-date period is -$5,622,554.24, compared to -$71,726,926.12 for the same period last year, indicating a significant improvement[37] Assets and Liabilities - Total assets increased by 38.63% to CNY 1,630,970,768.10 compared to the end of the previous year[5] - Accounts receivable increased by 184.30% to CNY 95,057,825.62 due to the inclusion of ALBO Company in the consolidated financial statements[10] - Inventory rose by 73.61% to CNY 377,626,133.57, primarily due to the consolidation of ALBO Company[10] - Goodwill amounted to CNY 109,986,233.71, attributed to the acquisition of ALBO Company[10] - Total current assets increased to ¥748,498,088.72 from ¥505,188,386.80, representing a growth of 48.1%[20] - Total non-current assets increased to ¥882,472,679.38 from ¥671,322,542.06, a rise of 31.4%[21] - Total liabilities rose to ¥975,851,978.84 from ¥383,965,933.60, indicating an increase of 154.5%[22] - Current liabilities increased to ¥700,089,704.81 from ¥361,426,838.31, showing a growth of 93.8%[21] - Owner's equity decreased to ¥655,118,789.26 from ¥792,544,995.26, a decline of 17.3%[22] Shareholder Information - The number of shareholders reached 17,904 by the end of the reporting period[8] - The largest shareholder, Shanghai Ocean Fishing Co., Ltd., holds 43.02% of the shares[8] Investment and Financing Activities - The company completed the acquisition of ALBO Company for €60,999,840 on June 10, 2016, which was a significant asset restructuring event[12] - The company incurred a significant increase in short-term borrowings, totaling ¥389,990,000.00, which is a 77.27% rise from ¥220,000,000.00 at the beginning of the year[11] - Long-term borrowings reached ¥241,113,600.00, entirely for the acquisition of ALBO Company, marking a 100% increase as it was not previously recorded[11] - The company plans to raise up to ¥840 million through a non-public offering of shares to fund the acquisition of ALBO Company and establish a new tuna processing base[14] - The company incurred total operating expenses of 767,516,949.82 RMB in the first nine months of 2016, compared to 561,923,711.96 RMB in the same period last year, indicating a rise in operational costs[35]