TIBET SUMMIT(SH:600338)2015-10-27 16:00Financial Performance - Operating revenue for the first nine months was CNY 1,348,390,033.92, representing a decrease of 21.11% year-on-year[7] - Net profit attributable to shareholders for the first nine months was CNY 225,335,172.72, showing an increase compared to the previous year's CNY 214,236,961.21[8] - Basic earnings per share for the reporting period was CNY 0.34, a slight increase of 3.03% from CNY 0.33 in the previous year[8] - Total operating revenue for Q3 2015 was ¥372,021,451.19, a decrease of 44% compared to ¥663,405,199.94 in Q3 2014[34] - Net profit for Q3 2015 was ¥41,205,192.75, a decline of 62% from ¥107,690,155.83 in Q3 2014[35] - The total profit for Q3 2015 was ¥72,703,412.11, a decrease of 37% from ¥114,741,676.46 in Q3 2014[35] - The company reported a gross loss of ¥516,546.12 in Q3 2015, compared to a gross profit of ¥1,641,032.88 in Q3 2014[38] - Net profit for the first nine months of 2015 was a loss of ¥19,781,628.39, compared to a loss of ¥13,244,034.78 in the same period last year, reflecting an increase in losses[39] Cash Flow - Cash flow from operating activities for the first nine months was negative at CNY -71,938,387.02, a decline of 134.38% compared to the previous year[7] - Cash and cash equivalents decreased significantly by 53.58% to ¥77,230,854.67 due to payments for trade and other receivables[14] - Cash flow from operating activities for the first nine months of 2015 was a net outflow of ¥71,938,387.02, a significant decline from a net inflow of ¥209,221,435.12 in the previous year[42] - Total cash inflow from investment activities increased to 112,504,354.43 RMB, compared to 13,383,308.38 RMB in the previous year, indicating a strong recovery in investment returns[45] - The company reported a cash flow net increase of -47,848,748.18 RMB, contrasting with a positive increase of 33,835,208.49 RMB in the same period last year[46] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,363,256,626.01, an increase of 3.25% compared to the end of the previous year[7] - As of September 30, 2015, the company's total current assets amounted to CNY 586,311,727.76, a decrease from CNY 603,589,661.62 at the beginning of the year, reflecting a decline of approximately 2.3%[23] - Current liabilities decreased to CNY 480,584,606.32 from CNY 563,516,589.77, representing a reduction of approximately 14.7%[25] - Total liabilities amounted to CNY 503,650,113.32, down from CNY 567,558,813.63, showing a decline of around 11.3%[25] - Owner's equity increased to CNY 859,606,512.69 from CNY 752,737,382.68, reflecting a growth of about 14.2%[25] Shareholder Information - The total number of shareholders at the end of the reporting period was 25,301[11] - The largest shareholder, Xinjiang Tacheng International Resources Co., Ltd., held 271,650,508 shares, accounting for 41.60% of total shares[12] - The company has established a 36-month lock-up period for shares issued in the current financing, ensuring no transfer of shares during this period[21] Investment Activities - The company reported a net cash flow from investment activities of ¥39,951,533.06, a significant recovery from -¥44,749,667.78 in the previous year[16] - The company incurred financial expenses of ¥130,503.79 in Q3 2015, a decrease of 86.2% from ¥943,765.32 in Q3 2014[38] - The company reported an investment loss of ¥19,656.19 in Q3 2015, compared to an investment gain of ¥5,847,538.38 in Q3 2014[38] Tax and Financial Expenses - The company reported a significant increase in income tax expenses by 112.87% to ¥46,608,517.99, mainly due to increased tax expenses from a subsidiary[17] - The company recorded a tax expense of ¥31,498,219.36 in Q3 2015, significantly higher than ¥7,051,520.63 in Q3 2014[35] - Financial expenses increased significantly by 850.25% to -¥29,124,911.18, primarily due to exchange rate fluctuations at a subsidiary[17]