XTAD(SH:600359)2016-10-28 16:00Financial Performance - Operating revenue for the first nine months reached CNY 999,322,829.89, a significant increase of 178.11% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 116,555,765.83, representing a decline of 512.81% compared to the same period last year[6] - Basic and diluted earnings per share were both CNY -0.31, a decrease of 542.86% year-on-year[7] - Total revenue for the period was CNY 999,322,829.89, compared to CNY 359,327,423.99 in the same period last year, marking an increase of about 178%[28] - Net loss attributable to shareholders was CNY 116,555,765.83, compared to a profit of CNY 28,234,940.21 in the same period last year[29] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 52.83% to CNY 18,349,524.38 compared to the same period last year[6] - The company's cash and cash equivalents decreased by 44.72% to ¥269,039,869.83 due to the use of funds for new project investments in the dairy and fiber industries[13] - The company reported a net cash outflow from investing activities of CNY 150,161,311.95 for the first nine months of 2016[36] - The ending cash and cash equivalents balance was CNY 103,027,448.32, down from CNY 370,630,043.05 at the end of the previous year[39] - The company experienced a net decrease in cash and cash equivalents of -CNY 120,973,482.94 for the period[39] Assets and Liabilities - Total assets increased by 4.27% to CNY 2,862,548,466.27 compared to the end of the previous year[6] - Net assets attributable to shareholders decreased by 14.59% to CNY 696,969,828.47 compared to the end of the previous year[6] - The total liabilities as of September 30, 2016, were CNY 2,157,530,852.19, compared to CNY 1,904,912,209.22 at the beginning of the year[24] - The company's accounts receivable increased to CNY 154,523,488.90 from CNY 89,911,592.58 at the beginning of the year[22] - The company's non-current liabilities increased to CNY 545,831,881.84 from CNY 277,420,043.47 at the beginning of the year[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 47,709[10] - The largest shareholder, Aral Tongzhong State-owned Assets Management Co., Ltd., held 40.32% of the shares[10] - The company has committed to a three-year shareholder return plan from 2014 to 2016, focusing on cash distributions when conditions are met[17] - The company plans to distribute profits primarily through cash dividends, with a minimum cash dividend ratio of 10% of the distributable profits for each year[17] - In the case of a mature development stage without significant capital expenditure, the cash dividend ratio should be at least 80% of the profit distribution[18] Operating Costs and Expenses - Operating costs rose by 233.85% to ¥945,243,010.57, attributed to increased costs in the new agricultural fiber and dairy companies[14] - The company reported a significant increase in sales expenses, totaling CNY 37,077,810.78, compared to CNY 16,755,335.95 in the previous year[29] - Cash paid for purchasing goods and services was CNY 8,587,884.93, compared to CNY 8,315,978.24 in the same period last year[38] - Cash paid to employees was CNY 8,587,884.93, reflecting a slight increase from CNY 8,315,978.24 year-over-year[38] - Cash paid for taxes was CNY 331,212.00, significantly higher than CNY 84,254.97 in the previous year[38]