THTF(SH:600100)2017-10-30 16:00Financial Performance - Net profit attributable to shareholders was CNY -184.28 million, a decline of 103.62% year-on-year, primarily due to the previous year's significant gains from the sale of controlling interests[6]. - Operating revenue for the year-to-date was CNY 16.45 billion, down 4.03% from the same period last year, mainly due to a reduction in the scope of consolidation[6]. - The overall gross margin improved to 19.43%, an increase of 1.71 percentage points compared to the same period last year[6]. - Basic earnings per share were CNY -0.0622, a decrease of 103.62% compared to CNY 1.7199 in the previous year[6]. - Operating profit for the period was a loss of approximately ¥41.51 million, compared to a profit of ¥255.12 million in the same quarter last year[32]. - Net profit attributable to shareholders of the parent company was a loss of approximately ¥63.62 million, compared to a profit of ¥140.66 million in Q3 2016[33]. - Total profit for the period was a loss of approximately ¥25.61 million, compared to a profit of ¥301.02 million in Q3 2016[33]. - The company reported a net profit margin decline, with undistributed profits falling to ¥1.87 billion from ¥3.00 billion, a decrease of approximately 37.5%[29]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY -2.58 billion, showing improvement from CNY -4.49 billion in the same period last year[6]. - Cash flow from operating activities showed a net outflow of approximately ¥2.58 billion for the first nine months, an improvement from a net outflow of ¥4.49 billion in the same period last year[40]. - In Q3 2017, the company reported a net cash flow from operating activities of -211,559,651.76 RMB, compared to -739,138,546.42 RMB in the same period last year, indicating an improvement[44]. - The cash flow from investment activities resulted in a net outflow of -1,589,898,660.03 RMB, an improvement from -3,526,401,771.82 RMB in the same period last year[44]. - The company’s total cash and cash equivalents at the end of the period stood at 1,348,841,612.82 RMB, slightly up from 1,273,799,150.52 RMB at the end of the same period last year[45]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 62.75 billion, an increase of 8.92% compared to the end of the previous year[6]. - The company’s current liabilities totaled RMB 30.85 billion, up from RMB 28.51 billion at the beginning of the year, indicating increased short-term financial obligations[24]. - Total liabilities increased to ¥38.86 billion from ¥33.06 billion, representing a growth of approximately 17.0% year-over-year[25]. - Short-term borrowings increased by 34.52% to ¥10,665,809,870.94 from ¥7,928,914,235.02[13]. - Long-term borrowings surged by 261.46% to ¥3,856,828,078.05 from ¥1,067,010,203.66, primarily due to new bank acquisition loans[17]. - The company reported a significant increase in other non-current assets by 434.69%, reaching ¥2,759,402,804.09 from ¥516,073,399.22[13]. Shareholder Information - The total number of shareholders at the end of the reporting period was 227,793[10]. - The largest shareholder, Tsinghua Holdings Co., Ltd., held 25.42% of the shares[10]. Investment and Income - The company reported non-operating income of CNY 27.49 million for the current period[9]. - Investment income dropped significantly by 90.58%, from ¥7,322,213,172.08 to ¥689,582,919.32[14]. - Investment income for the period was approximately ¥271.10 million, significantly higher than ¥117.73 million in Q3 2016[32]. - The company recorded a fair value loss of approximately ¥159.03 million for the first nine months, compared to a loss of ¥276.87 million in the previous year[36]. Tax and Expenses - The company experienced a 61.68% decrease in taxes payable, dropping to ¥190,162,322.06 from ¥496,246,493.30[13]. - The company reported a tax expense of approximately ¥51.45 million for the first nine months, down from ¥1.08 billion in the previous year[36]. - Sales expenses increased to approximately ¥559.68 million, up from ¥519.09 million in the same quarter last year[32]. - Management expenses rose to approximately ¥586.71 million, compared to ¥501.22 million in Q3 2016[32]. Market Strategy - The company is focusing on expanding its market presence and enhancing product development strategies[31].