XTAD(SH:600359)2018-10-30 16:00Financial Performance - Operating income for the first nine months decreased by 52.46% to CNY 426,969,111.38 compared to the same period last year[6]. - Net profit attributable to shareholders was a loss of CNY 43,944,116.93, a decrease of 324.44% compared to the same period last year[6]. - Total operating revenue for the third quarter was CNY 116,817,138.89, an increase from CNY 95,742,653.78 in the same period last year, representing a growth of approximately 22%[26]. - The net profit for the third quarter was a loss of CNY 21,943,435.76, compared to a loss of CNY 26,209,995.54 in the previous year, showing an improvement of approximately 16%[28]. - The total profit for the first nine months was a loss of CNY 45,932,370.20, down from a profit of CNY 8,157,515.98 in the same period last year[28]. Asset and Liability Changes - Total assets decreased by 12.23% to CNY 2,242,581,431.79 compared to the end of the previous year[6]. - Current liabilities decreased from CNY 1,388,180,450.37 to CNY 1,187,999,976.51, a reduction of about 14.4%[18]. - Non-current liabilities decreased from CNY 490,597,655.29 to CNY 424,251,617.49, a decrease of approximately 13.5%[18]. - Total liabilities decreased from CNY 1,878,778,105.66 to CNY 1,612,251,594.00, a decline of around 14.2%[18]. - Owner's equity decreased from CNY 676,323,668.81 to CNY 630,329,837.79, a reduction of about 6.8%[18]. Cash Flow and Financial Position - Net cash flow from operating activities decreased by 50.42% to CNY 56,686,498.84 compared to the same period last year[6]. - Cash and cash equivalents decreased from CNY 185,939,793.24 to CNY 11,224,502.13, a decline of approximately 93.9%[20]. - The company incurred financial expenses of 9,887,194.34 for the first nine months of 2018, an increase from 7,884,508.29 in the same period last year[31]. - The cash flow from financing activities showed a net outflow of -286,064,631.56, compared to -36,160,138.19 in the same period last year, indicating increased financial strain[36]. - The company experienced a net decrease in cash and cash equivalents of -174,715,291.11 RMB, contrasting with an increase of 78,193,939.07 RMB in the same period last year[38]. Shareholder Information - Total number of shareholders reached 48,239 at the end of the reporting period[10]. - The largest shareholder, Aral Tongzhong State-owned Assets Management Co., held 40.32% of shares[10]. Operational Changes and Strategies - The company plans to sell its wholly-owned subsidiary Xinjiang New Agricultural Chemical Fiber Co., Ltd., which has an annual production capacity of 80,000 tons of viscose fiber and 100,000 tons of cotton pulp[12]. - The company is exploring new strategies for market expansion and product development, although specific details were not provided in the report[26]. Other Financial Metrics - The company reported non-recurring gains and losses totaling CNY 3,534,714.39 for the first nine months[10]. - Basic earnings per share remained at CNY -0.12, not applicable for comparison[6]. - Weighted average return on equity decreased by 9.98 percentage points to -7.06%[6]. - The company reported other income of CNY 6,293,805.96 in the third quarter, compared to CNY 301,097.74 in the previous year[28].