SDWH(SH:600241)2016-10-28 16:00Financial Performance - Net profit attributable to shareholders was CNY -9,698,924.56, an improvement from CNY -53,755,059.51 in the same period last year[6] - Operating revenue for the first nine months was CNY 931,201,024.42, reflecting a 2.18% increase year-on-year[6] - The weighted average return on net assets was -1.37%, up from -14.6% in the same period last year[7] - Basic and diluted earnings per share were both CNY -0.0429, compared to CNY -0.2901 in the previous year[7] - The company anticipates a potential net loss for the year due to the forestry subsidiary not reaching full production capacity and the new lithium energy company being in the construction phase.[22] - The net profit for Q3 2016 was ¥14,530,877.38, compared to a net loss of ¥3,596,867.25 in Q3 2015, marking a significant turnaround[32] - The company reported a total profit of ¥16,476,470.19 for Q3 2016, compared to a loss of ¥3,345,331.51 in Q3 2015[32] - The net profit attributable to shareholders for the first nine months of 2016 was ¥8,303,151.45, a recovery from a loss of ¥9,375,983.75 in the same period of 2015[32] - The company reported a net loss of CNY 2,553,738.21 for Q3 2016, compared to a net loss of CNY 10,235,934.59 in the same period last year, indicating a significant improvement[35] - Total comprehensive income for the first nine months of 2016 was CNY -19,386,455.39, compared to CNY -28,062,717.56 in the previous year[36] Assets and Liabilities - Total assets increased by 10.46% to CNY 2,377,942,247.53 compared to the end of the previous year[6] - Non-current liabilities rose to ¥346,311,130.59, compared to ¥162,054,908.30, marking a significant increase of approximately 113%[26] - Current liabilities totaled ¥1,295,225,326.91, an increase from ¥1,249,765,672.30, reflecting a growth of about 3.6%[25] - Total liabilities reached ¥1,641,536,457.50, up from ¥1,411,820,580.60, which is an increase of around 16.3%[26] - Shareholders' equity decreased to ¥736,405,790.03 from ¥740,856,469.58, reflecting a slight decline of about 0.3%[26] - The total current assets amounted to ¥654,252,132.03, down from ¥708,630,907.02, indicating a decrease of about 7.7%[29] Cash Flow - The net cash flow from operating activities improved to CNY -84,581,053.96 from CNY -155,127,554.85 in the previous year[6] - Cash flow from operating activities showed a net outflow of CNY -84,581,053.96 for the first nine months, an improvement from CNY -155,127,554.85 in the previous year[38] - Cash inflow from operating activities totaled CNY 978,214,830.72, up from CNY 715,148,365.95 year-over-year[37] - Cash outflow for operating activities was CNY 1,062,795,884.68, compared to CNY 870,275,920.80 in the same period last year[38] - The ending cash and cash equivalents balance was CNY 398,924,046.92, compared to CNY 250,095,147.88 at the end of the previous year[38] - Cash inflow from financing activities was $597.61 million, slightly down from $601.26 million year-over-year[41] - The net cash flow from financing activities was -$56.16 million, compared to -$10.33 million last year, showing increased financial strain[41] Shareholder Information - The total number of shareholders reached 19,207 by the end of the reporting period[11] - The largest shareholder, Liaoning Times Wan Heng Holding Group Co., Ltd., held 44.39% of the shares, with 100,398,430 shares pledged[11] Government Support and Other Income - The company received government subsidies amounting to CNY 45,937.50 during the reporting period[8] - Non-recurring gains and losses totaled CNY 18,712.52, a significant improvement from CNY -293,236.89 in the previous year[8] Operational Costs and Expenses - Management expenses increased by 31% to RMB 112,458,247.39 from RMB 85,978,476.09, primarily due to the consolidation of Liaoning Jiuyi Energy Technology Co., Ltd.[16] - The company reported a decrease in undistributed profits to ¥69,181,016.43 from ¥84,534,743.87, a decline of approximately 18.2%[26] - The company incurred total operating costs of ¥933,931,636.33 for the first nine months of 2016, down from ¥960,745,255.10 in the previous year[31] Investment Activities - Investment income decreased by 382% to RMB -14,611,845.80 from RMB -3,034,562.31, resulting from realized losses on foreign exchange contracts by subsidiary Times Wan Heng (Hong Kong) National Trade Co., Ltd.[17] - The company reported an investment loss of ¥14,611,845.80 for the first nine months of 2016, compared to a loss of ¥3,034,562.31 in the same period last year[32]