CRE(SH:600217)2016-10-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 45.76% to CNY 63,445,642.31 for the first nine months compared to the same period last year[7] - Operating revenue for the first nine months was CNY 886,073,806.66, a decrease of 23.06% year-on-year[7] - The weighted average return on equity dropped by 54.67 percentage points to 6.99%[8] - Basic earnings per share fell by 58.33% to CNY 0.05[8] - The net profit after deducting non-recurring gains and losses was CNY 56,431,094.39, down 48.38% year-on-year[7] - The net loss for the period increased to CNY 1,065,366,244.96, compared to a loss of CNY 1,029,478,102.58 in the previous period, indicating a worsening financial position[44] - The total comprehensive income for Q3 2016 was ¥39.48 million, down from ¥66.55 million in the previous year, indicating a decline of 40.7%[46] - The operating loss for the first nine months of 2016 was approximately ¥35.89 million, compared to a profit of ¥14.80 million in the same period last year[48] Cash Flow - Net cash flow from operating activities was negative at CNY -615,988,054.59, a decline of 118.42% compared to the previous year[7] - The net cash flow from operating activities was -615,988,054.59 RMB, compared to -282,015,547.37 RMB in the previous period, indicating a decline in operational performance[51] - Cash flow from operating activities for the first nine months of 2016 was ¥375.17 million, down from ¥586.62 million in the same period last year, a decrease of 36%[50] - Cash inflow from operating activities totaled 497,806,231.59 RMB, while cash outflow was 1,113,794,286.18 RMB, leading to a negative cash flow from operations[51] - The total cash and cash equivalents at the end of the period amounted to 150,124,487.00 RMB, up from 53,474,925.08 RMB in the previous period, indicating improved liquidity[55] Assets and Liabilities - Total assets increased by 39.15% to CNY 3,390,959,070.65 compared to the end of the previous year[7] - The company's total liabilities reached CNY 2,397,232,010.11, compared to CNY 1,509,668,361.13 at the beginning of the year, marking an increase of about 58.7%[40] - Long-term borrowings increased by 92.48% to 384.95 million yuan due to additional loans from financial institutions[16] - Other payables surged by 273.36% to 182.82 million yuan, reflecting increased borrowings from related parties[15] - The company's total equity decreased to CNY 1,816,568,394.02 from CNY 1,852,456,536.40, reflecting a decline of about 1.9%[44] Shareholder Information - The total number of shareholders reached 32,056 at the end of the reporting period[12] - The largest shareholder, China Recycled Resources Development Co., Ltd., holds 25.35% of the shares, with 340,060,867 shares pledged[12] Government Support and Subsidies - The company received government subsidies amounting to CNY 8,842,983.11 during the first nine months[8] Inventory and Receivables - Accounts receivable rose by 42.61% to 1,767.12 million yuan, primarily due to an increase in receivables from fund subsidies[15] - Inventory increased by 45.53% to 571.52 million yuan, attributed to higher raw materials and finished goods[15] Future Plans and Commitments - The company plans to raise up to 1.3 billion yuan through a non-public offering of shares at a price of 6.63 yuan per share, aimed at supplementing working capital[18] - The company has committed to a cash dividend policy that will continue post-restructuring, as approved in the revised articles of association[33] - The company has undertaken to manage and reduce related party transactions to avoid conflicts of interest with Qinling Cement[25] - The company has committed to ensuring that no financial assistance or compensation is provided to stock subscription parties in violation of regulations[36]