GLCC(SH:600234)2015-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 22.60% to CNY 48,706,426.52 compared to the end of the previous year[8]. - Operating revenue increased by 3.61% to CNY 8,221,171.50 for the first nine months compared to the same period last year[10]. - The company reported a net loss attributable to shareholders of ¥14,222,177.90 for the first nine months of 2015, indicating continued losses compared to the previous year[21]. - The net profit for Q3 2015 was CNY 3,574,941.32, a turnaround from a net loss of CNY 6,776,839.02 in Q3 2014[33]. - The company's net profit for Q3 2015 was 3,664,847.19 CNY, a decrease from the previous year's loss of 6,361,583.52 CNY[34]. - The total comprehensive income for Q3 2015 was 3,844,154.40 CNY, compared to a loss of -4,140,994.24 CNY in Q3 2014, reflecting a positive turnaround[38]. - The company reported a total profit of 3,844,154.40 CNY for Q3 2015, contrasting with a total loss of -4,140,994.24 CNY in Q3 2014, highlighting improved profitability[36]. Assets and Liabilities - Total assets decreased by 2.08% to CNY 459,658,061.33 compared to the end of the previous year[8]. - The company’s total assets as of September 30, 2015, amounted to ¥459,658,061.33, a decrease from ¥469,418,907.19 at the beginning of the year[26]. - The company’s total liabilities increased slightly to ¥251,221,640.78 from ¥248,479,774.01, with accounts payable decreasing from ¥18,383,138.15 to ¥15,434,434.49[26]. - Total liabilities were CNY 363,877,681.61, slightly up from CNY 362,289,455.08 at the start of the year[31]. - The company's equity attributable to shareholders decreased to CNY 92,950,945.93 from CNY 104,515,779.90 at the beginning of the year[31]. Cash Flow - Net cash flow from operating activities improved to -CNY 520,164.70 from -CNY 27,181,620.90 in the same period last year[10]. - The company recorded a net cash outflow from operating activities of -520,164.70 CNY for the first nine months of 2015, a significant improvement from -27,181,620.90 CNY in the same period last year[41]. - Cash inflows from operating activities totaled 14,497,255.10 CNY in Q3 2015, compared to 5,098,345.70 CNY in Q3 2014, showing a substantial increase in cash generation[41]. - Cash paid for operating activities was CNY 15,254,747.66, a decrease from CNY 31,994,772.54 in the previous year, showing a reduction of about 52.3%[44]. - The ending cash and cash equivalents balance as of the reporting period was CNY 47,759.64, down from CNY 19,983.97 in the previous year[45]. Shareholder Information - The total number of shareholders reached 31,015 by the end of the reporting period[12]. - The largest shareholder, Huang Guozhong, holds 20,000,000 shares, accounting for 9.88% of the total shares[12]. - The second-largest shareholder, Beijing Liuhe Fengchun Cultural Industry Investment Co., Ltd., holds 18,107,160 shares, accounting for 8.94%[12]. Management and Expenses - Management expenses increased by 70.80% to ¥16,707,259.42 from ¥9,781,694.42, primarily due to costs associated with the non-public offering[16]. - The company's management expenses for the first nine months of 2015 were 14,413,107.08 CNY, significantly higher than 5,272,474.39 CNY in the same period last year, indicating increased investment in operations[36]. Risks and Future Outlook - The company is facing a risk of delisting if it continues to report losses, as indicated by the warning regarding potential significant changes in net profit compared to the previous year[21]. - The company is actively pursuing a non-public offering to raise funds for acquiring 100% of Shanghai Yiqu Network Technology Co., Ltd. and for debt repayment[18]. Revenue and Operating Costs - Total revenue for Q3 2015 was CNY 2,731,390.50, an increase of 3.3% compared to CNY 2,644,068.71 in Q3 2014[32]. - Year-to-date revenue reached CNY 8,221,171.50, up from CNY 7,934,376.72 in the same period last year, reflecting a growth of 3.6%[33]. - Total operating costs for Q3 2015 were CNY 5,212,600.65, compared to CNY 9,903,628.73 in Q3 2014, indicating a significant reduction[33]. - Operating profit for Q3 2015 was reported at -1,972,942.57 CNY, compared to a loss of -4,623,715.24 CNY in Q3 2014, indicating an improvement in operational efficiency[36].