HCSC(SH:600378)2016-10-27 16:00Financial Performance - Operating revenue for the first nine months dropped by 34.41% to CNY 264,051,005.56 year-on-year[6] - Net profit attributable to shareholders decreased by 51.90% to CNY 14,031,535.16 compared to the same period last year[6] - Basic and diluted earnings per share fell by 50.00% to CNY 0.05[7] - The weighted average return on net assets decreased by 2.14 percentage points to 1.91%[7] - Net profit fell by 55.04% to RMB 13,172,565.60 as a result of decreased operating revenue and total profit[13] - Total operating revenue for Q3 2016 was CNY 79,851,636.45, a decrease of 29.6% compared to CNY 113,565,753.54 in Q3 2015[22] - The company reported a gross profit of CNY 542,662.56 for Q3 2016, compared to CNY 2,317,042.98 in Q3 2015, indicating a significant decline[23] - The company's total profit for Q3 2016 was ¥3,257,824.50, slightly down from ¥3,290,169.60 in Q3 2015[27] Cash Flow - The net cash flow from operating activities for the first nine months was negative at CNY -34,258,982.40, a decline of 26.68% year-on-year[6] - Cash flow from operating activities showed a net outflow of RMB 34,258,982.40, a decrease of 26.68% compared to the previous period[13] - The cash flow from operating activities for the first nine months of 2016 was ¥263,435,566.35, down 39.0% from ¥431,960,298.04 in the same period last year[30] - The net cash flow from operating activities for Q3 2016 was -34,258,982.40 RMB, compared to -27,043,732.48 RMB in the same period last year, indicating a decline in operational performance[31] - Total cash inflow from operating activities was 263,367,258.14 RMB, down 38.5% from 428,115,534.92 RMB year-over-year[32] - Cash outflow from operating activities totaled 296,939,663.37 RMB, a decrease of 34.5% compared to 453,929,536.98 RMB in the previous year[32] Assets and Liabilities - Total assets decreased by 1.65% to CNY 976,792,010.42 compared to the end of the previous year[6] - Total assets as of September 30, 2016, amounted to CNY 957,871,551.70, down from CNY 971,984,165.19 at the beginning of the year[19] - The company’s total liabilities decreased to RMB 226,518,474.97 from RMB 242,290,179.21, indicating improved financial stability[17] - Total liabilities decreased to CNY 226,983,104.34 from CNY 242,724,593.40 at the beginning of the year, reflecting a reduction of 6.5%[19] - Current assets totaled CNY 642,322,505.28, slightly down from CNY 647,644,104.17 at the start of the year[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 16,593[10] - The largest shareholder, China Haohua Chemical Group Co., Ltd., holds 23.82% of the shares[11] Other Financial Metrics - Accounts receivable increased by 30.20% to RMB 128,904,163.01 due to increased collection difficulties[13] - The company reported a significant increase in other receivables by 30.34% to RMB 9,921,188.64, mainly due to an increase in bid guarantee deposits[13] - The company’s cash and cash equivalents decreased to RMB 373,427,943.50 from RMB 435,534,743.29[15] - The company’s long-term employee compensation liabilities decreased by 39.62% to RMB 794,035.15 due to payments made to retired employees[13] - The company’s special reserves increased by 169.63% to RMB 1,677,768.66, primarily due to provisions for safety production expenses[13] - The total operating expenses for the first nine months of 2016 were ¥46,730,076.24, down from ¥68,448,086.69 in the same period last year[26] Audit and Reporting - The report has not been audited, indicating potential uncertainties in the financial data presented[5] - The company has not disclosed any new product developments or market expansion strategies in this report[6]