SFX(SH:600370)2017-10-27 16:00Financial Performance - Operating revenue for the first nine months reached CNY 762,413,195.73, an increase of 11.51% year-on-year[7] - Net profit attributable to shareholders decreased by 15.06% to CNY 38,498,671.34 compared to the same period last year[7] - Basic earnings per share decreased by 15.11% to CNY 0.0483 compared to the same period last year[7] - The weighted average return on net assets decreased by 0.64 percentage points to 3.06% compared to the same period last year[7] - Total operating revenue for Q3 2017 was CNY 161,679,583.19, an increase of 5.7% compared to CNY 153,134,471.25 in Q3 2016[32] - Net profit attributable to the parent company for Q3 2017 was CNY 9,426,154.12, a decrease of 25.5% from CNY 12,616,702.36 in Q3 2016[29] - Operating profit for Q3 2017 was CNY 24,465,400.28, up 25.8% from CNY 19,457,894.68 in Q3 2016[28] - Total profit for Q3 2017 reached CNY 24,580,131.48, an increase of 25.8% compared to CNY 19,557,894.68 in Q3 2016[28] - The company reported a net profit of CNY 16,575,941.06 for Q3 2017, compared to CNY 15,794,638.43 in Q3 2016, reflecting a growth of 4.9%[28] - Basic earnings per share for Q3 2017 were CNY 0.0118, down from CNY 0.02 in Q3 2016[30] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 72.99% to CNY 29,242,344.34 compared to the same period last year[7] - Cash and cash equivalents decreased by 91.73% to ¥7,949,631.10 from ¥96,158,994.80, mainly due to increased raw material purchases and higher accounts receivable[13] - The company reported a cash outflow from financing activities of ¥15,944,884.60, compared to a smaller outflow of ¥6,377,953.84 in the same period last year[39] - Total cash inflow from operating activities for the first nine months of 2017 was ¥576,167,834.60, slightly up from ¥574,702,435.67 in the previous year[36] - The net cash flow from operating activities for the first nine months of 2017 was ¥29,242,344.34, down 73% from ¥108,275,692.74 in the same period last year[36] - Cash and cash equivalents at the end of Q3 2017 totaled ¥1,021,995,489.60, an increase from ¥970,779,941.10 at the end of the previous year[37] Assets and Liabilities - Total assets increased by 1.35% to CNY 1,720,100,944.19 compared to the end of the previous year[7] - Net assets attributable to shareholders increased by 1.82% to CNY 1,264,784,621.96 compared to the end of the previous year[7] - Accounts receivable increased by 75.31% to ¥60,257,688.14 from ¥34,371,565.11 due to changes in customer settlement methods and an increase in bank acceptance bills[12] - Prepayments rose by 69.39% to ¥5,633,427.03 from ¥3,325,808.78 primarily due to increased advance payments for cotton procurement[12] - Current liabilities decreased to ¥194,039,775.47 from ¥214,517,311.41, a reduction of about 9.5%[22] - Total liabilities amounted to ¥194,039,775.47, down from ¥214,517,311.41, a decrease of approximately 9.5%[22] - Owner's equity increased to ¥1,526,061,168.72 from ¥1,482,626,612.68, reflecting a growth of about 2.9%[22] - Deferred income tax assets decreased by 63.02% to ¥1,205,017.27 from ¥2,771,712.30 due to the reversal of temporary differences[12] Shareholder Information - The total number of shareholders at the end of the reporting period was 32,190[10] - The largest shareholder, Jiangsu Sanfangxiang Group Co., Ltd., holds 50.33% of the shares[11] Investigations and Guarantees - The company is under investigation by the China Securities Regulatory Commission for alleged information disclosure violations[14] - The company signed a guarantee contract for a RMB 600 million loan to its controlling shareholder, indicating ongoing financial support and potential liquidity challenges[15] Other Financial Metrics - Non-recurring gains and losses for the current period amounted to CNY 114,731.20[9] - Financial expenses decreased by 58.92% to -¥4,985,310.11 from -¥12,135,431.00, mainly due to a reduction in interest received[12] - Management expenses for Q3 2017 were CNY 13,647,939.17, up 50.5% from CNY 9,098,879.89 in Q3 2016[28] - Total operating costs for Q3 2017 were CNY 264,558,794.85, an increase from CNY 238,351,801.65 in Q3 2016[28] - Financial expenses for Q3 2017 were CNY 305,353.23, compared to a financial income of CNY 8,085,066.19 in Q3 2016[28] - The company reported a total comprehensive income of CNY 16,575,941.06 for Q3 2017, compared to CNY 15,794,638.43 in Q3 2016[29] - The total comprehensive income for Q3 2017 was a loss of ¥10,628,057.20, compared to a gain of ¥4,045,180.33 in the same period last year[33] - The cash flow from investing activities showed a net outflow of ¥6,382,909.74, indicating ongoing investments in fixed assets[37] - The company experienced a negative impact of ¥5,347,828.64 from foreign exchange fluctuations on cash and cash equivalents[37] - The total cash inflow from operating activities for the parent company was ¥293,336,450.87, slightly down from ¥298,755,328.39 in the previous year[38] - The company paid ¥3,018,518.95 in taxes during the first nine months of 2017, compared to ¥2,234,256.42 in the same period last year[39]