SDWH(SH:600241)2017-10-30 16:00Financial Performance - Operating revenue for the first nine months increased by 9.09% to CNY 1,015,830,067.71 compared to the same period last year[6] - Net profit attributable to shareholders was CNY 17,412,300.37, a significant recovery from a loss of CNY 9,698,924.56 in the previous year[6] - Net profit for the period was CNY 21,231,095.54, compared to CNY 14,530,877.38 in the same period last year, marking an increase of approximately 46%[32] - Basic and diluted earnings per share for the third quarter were both CNY 0.08, compared to CNY 0.04 in the same quarter last year[33] - The company reported a total comprehensive income of CNY 22,828,854.28 for the third quarter, compared to CNY 11,629,788.64 in the same quarter last year[33] Assets and Liabilities - Total assets decreased by 10.04% to CNY 1,998,707,321.02 compared to the end of the previous year[6] - Cash and cash equivalents decreased by 41.4% to CNY 420,345,952.87 compared to the beginning of the year[11] - Accounts receivable increased by 51.3% to CNY 277,569,226.32 compared to the beginning of the year[11] - Inventory increased by 38.3% to CNY 170,252,668.32 compared to the beginning of the year[11] - Current liabilities decreased to RMB 961,095,111.66 from RMB 1,211,362,871.12, indicating improved management of short-term obligations[22] - Total liabilities decreased from CNY 771,884,036.94 to CNY 494,061,149.81, a reduction of around 36%[26] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -186,143,131.25, worsening by 120.08% compared to the previous year[6] - Net cash flow from operating activities decreased to RMB -186,143,131.25 from RMB -84,581,053.96, primarily due to reduced cash flow from trade and forestry subsidiaries[14] - The company recorded a total cash inflow from operating activities of CNY 996,926,242.24, compared to CNY 978,214,830.72 in the previous year[39] - The net cash flow from financing activities was -148,264,541.43 RMB, compared to -56,159,138.87 RMB in the same period last year[44] Investment and Income - The company reported a non-operating income of CNY 20,080,443.93 for the current period[8] - Investment income improved to RMB 2,892,405.23 from a loss of RMB -14,611,845.80, a change of -119.8%, attributed to the transfer of equity in Shenyang Wanheng Yisai Real Estate Development Co., Ltd.[13] - Investment income for the first nine months was CNY 22,639,461.09, significantly higher than CNY 4,801,516.37 in the previous year[35] Operational Costs - Operating costs for the same period increased slightly from CNY 933,931,636.33 to CNY 1,014,679,494.61, an increase of approximately 9%[31] - Sales expenses increased by 32.6% to RMB 60,481,308.38 compared to RMB 45,602,132.88 in the same period last year, primarily due to increased sales expenses in the forestry subsidiary[13] Equity and Retained Earnings - Net assets attributable to shareholders increased by 4.48% to CNY 653,427,326.92 compared to the end of the previous year[6] - The company's equity attributable to shareholders increased to RMB 653,427,326.92 from RMB 625,406,685.00, showing a positive trend in retained earnings[22] - The company’s retained earnings increased from CNY 15,650,971.99 to CNY 25,435,911.83, an increase of about 63%[26] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[32] - The company received approval from the China Securities Regulatory Commission for a non-public stock issuance, with efforts to ensure the process is progressing smoothly[16] - The company completed the transfer of equity in Shenyang Wanheng Yisai Real Estate Development Co., Ltd., which is expected to positively impact future financial performance[16]