Routon(SH:600355)2017-10-30 16:00Financial Performance - Operating revenue for the first nine months was CNY 247,826,090.45, representing a decrease of 7.35% year-on-year[6] - Net profit attributable to shareholders of the listed company was a loss of CNY 11,182,540.98, a decline of 501.33% compared to the same period last year[6] - The net loss for the first nine months was CNY 15,685,556.27, compared to a loss of CNY 9,280,455.89 in the previous year, indicating a worsening financial performance[24] - The company reported a gross profit margin of approximately -4.6% for the first nine months, compared to -3.3% in the previous year[24] - The company reported a significant increase in management expenses, which rose to ¥11,246,452.14 in Q3 2017 from ¥8,668,385.62 in Q3 2016, an increase of 29.9%[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 547,457,587.96, a decrease of 5.31% compared to the end of the previous year[6] - Total liabilities decreased to CNY 149,824,427.76 from CNY 169,331,484.21, a reduction of 11.5%[20] - Total equity attributable to shareholders decreased to CNY 398,819,192.69 from CNY 410,001,733.67, a decline of 2.7%[20] - Cash and cash equivalents decreased by 73.21% to ¥32,349,431.76 from ¥120,734,427.63 due to repayment of bank loans and increased payments[11] - Cash and cash equivalents decreased to CNY 14,639,913.99 from CNY 61,710,619.29 at the beginning of the year, a decline of 76.3%[22] Cash Flow - The net cash flow from operating activities for the first nine months was a negative CNY 56,227,766.17, an improvement of 4.11% year-on-year[6] - Cash inflow from operating activities for the first nine months of 2017 was CNY 289,180,456.16, an increase of 14.23% compared to CNY 253,160,140.94 in the same period last year[32] - The net cash flow from investment activities was positive CNY 8,521,477.54, compared to CNY 8,976,129.70 in the same period last year[33] - Cash inflow from financing activities was CNY 9,000,000.00, down from CNY 42,000,000.00 in the previous year, representing a decrease of 78.57%[33] - Total cash outflow from operating activities was CNY 345,408,222.33, an increase of 10.77% compared to CNY 311,798,908.50 in the previous year[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 26,988[10] - The largest shareholder, Zhang Xueyang, held 60,000,000 shares, accounting for 12.19% of the total shares[10] Operational Changes - The company plans to focus on improving operational efficiency and exploring new market opportunities to enhance future performance[24] - The company is awaiting final court decisions regarding the bankruptcy of a subsidiary, which may impact future operations[13] Other Financial Metrics - Basic and diluted earnings per share were both CNY -0.02, a decrease of 300.00% compared to the previous year[7] - The weighted average return on net assets decreased by 3.47 percentage points to -2.77%[7] - Non-recurring gains and losses for the reporting period included government subsidies of CNY 631,300.00[8] - Financial expenses decreased by 98.81% to ¥9,828.73 from ¥826,734.59, due to reduced interest expenses compared to the same period last year[12] - Investment income improved by 62.19% to -¥1,318,503.25 from -¥3,487,450.74, as losses from joint ventures decreased[12]