CYTS(SH:600138)2016-10-28 16:00Financial Performance - Net profit attributable to shareholders rose by 53.15% to CNY 438,679,232.04 for the first nine months[6] - Basic earnings per share increased by 53.15% to CNY 0.6060[6] - Total operating revenue for the first nine months decreased by 1.65% to CNY 7,735,073,880.32[6] - Total operating revenue for Q3 was approximately ¥2.76 billion, a decrease of 10.7% compared to ¥3.09 billion in the same period last year[29] - Net profit for Q3 was approximately ¥169.43 million, a decline of 3.4% from ¥176.21 million in the previous year[30] - The net profit attributable to the parent company was about ¥120.51 million, slightly down from ¥120.87 million year-over-year[30] - Total operating revenue for the first nine months was approximately ¥7.74 billion, a decrease of 1.6% from ¥7.86 billion in the previous year[29] - Total profit for Q3 was approximately ¥226.34 million, a decrease of 4.8% from ¥237.66 million in the same period last year[30] Assets and Liabilities - Total assets increased by 11.08% year-on-year to CNY 10,613,521,929.89[6] - Non-current assets totaled CNY 6,841,333,646.74, up from CNY 5,884,254,151.62, indicating an increase of about 16%[22] - Current liabilities rose to CNY 3,618,551,832.34 from CNY 3,510,732,289.18, reflecting an increase of approximately 3%[22] - Total liabilities reached CNY 4,008,061,345.45, compared to CNY 3,554,581,559.09, marking an increase of around 13%[23] - Owner's equity increased to CNY 6,605,460,584.44 from CNY 6,000,194,451.79, showing a growth of about 10%[23] - The company reported a total owner's equity of CNY 3,030,989,990.20, down from CNY 3,047,495,168.42, indicating a decrease of about 1%[27] - The total liabilities and owner's equity amounted to CNY 4,311,031,486.22, compared to CNY 4,412,172,798.53, reflecting a decrease of approximately 2%[27] Cash Flow - Operating cash flow increased by 118.48% year-on-year to CNY 455,050,463.49[6] - Net cash flow from operating activities for the first nine months was ¥455,050,463.49, up from ¥208,280,391.57 in the previous year, representing a growth of 118.5%[38] - Cash inflow from operating activities totaled ¥7,863,611,188.80, compared to ¥7,609,936,659.16 in the same period last year, indicating an increase of 3.33%[38] - Cash outflow for purchasing goods and services was ¥5,688,350,522.20, down from ¥6,153,176,193.01, reflecting a decrease of 7.56%[38] - Net cash flow from investing activities was -¥941,457,507.47, worsening from -¥607,193,158.34 year-on-year[39] - Cash inflow from financing activities amounted to ¥1,287,318,260.19, compared to ¥675,550,084.48 in the previous year, marking an increase of 90.2%[39] - The company’s cash and cash equivalents at the end of the period were ¥728,405,894.72, up from ¥469,855,496.03, showing a growth of 55.1%[39] - The company reported a net cash flow from financing activities of ¥394,731,158.42, compared to ¥97,357,040.57 in the previous year, indicating a significant increase of 305.5%[39] Visitor Statistics - The total number of visitors to the Wuzhen Scenic Area reached 7.056 million in the first three quarters, an increase of 12.55% year-on-year, with total operating revenue of 1.028 billion RMB, up 18.16% from the previous year[13] - The Gubei Water Town Scenic Area saw a significant increase in visitors, with 1.924 million guests, a year-on-year growth of 76.52%, and operating revenue of 564 million RMB, up 64.43%[13] Government Subsidies and Investments - The company received government subsidies totaling CNY 208,950,575.70 for the first nine months[7] - The company's investment income rose by 244.01% year-on-year to 90.17 million RMB, primarily due to the increased net profit from the Gubei Water Town[14] - The company reported a 280.18% increase in non-operating income to 212.34 million RMB, mainly from government subsidies received by Wuzhen[14] - The company's cash flow from operating activities increased by 118.48% year-on-year to 455.05 million RMB, attributed to the rise in government subsidies[14] Shareholder Information - The total number of shareholders reached 40,974 by the end of the reporting period[10] - The largest shareholder, China Youth Travel Group, holds 17.17% of the shares[10] - The company did not issue any preferred shares during the reporting period[11] Strategic Initiatives - The company launched several new travel products targeting niche markets, including "Aoyou Study Tour" and "Little Traveler - Parent-Child Themed Tour" to enhance its product offerings[12] - The company’s marketing business, Zhongqing Bolian, saw a revenue increase of 7.81% year-on-year, with the launch of a digital service platform for the exhibition industry[12] - The company plans to strategically exit the residential real estate business by December 31, 2017, to focus on its core tourism operations[16]