Joincare(SH:600380)2018-10-29 16:00Financial Performance - Operating revenue increased by 5.22% to CNY 8.64 billion for the first nine months compared to the same period last year[7]. - Net profit attributable to shareholders decreased by 68.34% to CNY 641.38 million due to the impact of a previous equity transfer transaction[7]. - Basic earnings per share decreased by 68.36% to CNY 0.4099[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 41.28% to CNY 570.62 million[7]. - Net profit attributable to the parent company decreased by 68.34% to RMB 641,375,342.70, largely due to significant gains from the disposal of subsidiary equity in the previous period[16]. - The company's net profit attributable to shareholders is expected to decline by 60.22% to 67.78% compared to the same period last year, primarily due to the significant impact of the equity transfer of Zhuhai Weixing Industrial Co., Ltd. on the 2017 net profit, which was 1.485 billion RMB[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to increase by 18.58% to 51.69%, driven by stable growth in main business and increased interest income from optimized fund management[27]. - The company reported a total profit of approximately $532.67 million for Q3, down 89.0% from $4.87 billion in the previous year[40]. - Net profit for Q3 reached approximately $451.16 million, a decrease of 88.1% compared to $3.78 billion in the same quarter last year[40]. Assets and Liabilities - Total assets decreased by 3.15% to CNY 21.51 billion compared to the end of the previous year[7]. - Current assets decreased from ¥14,330,523,408.95 to ¥13,285,090,294.79, representing a reduction of about 7.31%[32]. - Total liabilities decreased significantly, with other current liabilities dropping by 100% to RMB 0 due to the repayment of short-term financing bonds[15]. - Total liabilities decreased from ¥8,593,735,766.39 to ¥7,077,291,810.22, a decrease of about 17.66%[33]. - The company's total liabilities and equity decreased from ¥22,211,585,894.62 to ¥21,511,982,582.51, a decline of about 3.15%[33]. Cash Flow - Net cash flow from operating activities decreased by 21.85% to CNY 993.37 million for the first nine months[7]. - Operating cash flow decreased by 21.85% to RMB 993,368,493.92, primarily due to tax payments related to the previous year's equity disposal[16]. - The company reported a net cash outflow from investing activities of RMB -738,642,865.84, significantly lower than the previous year's inflow due to the absence of equity disposal proceeds[16]. - Cash flow from operating activities for the first nine months of 2018 was ¥993.37 million, down from ¥1.27 billion in the same period last year[47]. - Cash flow from investment activities showed a net inflow of RMB 673,165,536.29, significantly up from RMB 269,953,346.84 in the previous year, marking a 149.9% increase[49]. - Cash flow from financing activities resulted in a net outflow of RMB 1,226,083,988.66, compared to a net inflow of RMB 452,705,410.99 in the same period last year[50]. Shareholder Information - The company had a total of 111,825 shareholders at the end of the reporting period[12]. - The largest shareholder, Shenzhen Baiye Yuan Investment Co., Ltd., held 742,415,520 shares, accounting for 47.20% of the total shares[12]. - The company has completed a share placement of 365,105,066 shares, which will increase the total share capital to 1,938,033,338 shares[26]. - The company received approval from the China Securities Regulatory Commission for a share placement of 377,502,785 new shares, with expected total fundraising not exceeding 2 billion RMB[22]. Expenses and Investments - Research and development expenses for the first nine months amounted to approximately $451.64 million, an increase of 26.3% from $357.50 million in the same period last year[40]. - Management expenses for the reporting period amounted to 798.85 million RMB, with a reduction of 357.50 million RMB due to adjustments[27]. - The company plans to invest 50 million RMB in Xinmin Investment Co., Ltd., holding a 5% stake, with an actual investment of 25 million RMB completed as of the report date[19]. Other Income and Financial Metrics - The company received government subsidies amounting to CNY 128.33 million during the reporting period[9]. - Other income increased by 40.88% to RMB 79,114,829.14, mainly due to increased government subsidies received[16]. - The company’s financial expenses decreased by 192.65% to RMB -82,692,636.60, attributed to increased interest income from bank deposits[15]. - The company’s total assets impairment losses for the first nine months were approximately $61.06 million, down from $71.98 million in the previous year[40].