But'one(SH:600455)2017-10-27 16:00Financial Performance - Revenue decreased by 3.28% to CNY 115,202,387.08 for the period from January to September compared to the same period last year[4] - Net profit attributable to shareholders was CNY 10,026,743.70, a significant recovery from a loss of CNY 4,452,504.78 in the same period last year[4] - Basic earnings per share improved to CNY 0.161 from a loss of CNY 0.071 in the same period last year[4] - Total operating revenue for the first nine months of 2017 was ¥15,386,066.04, down from ¥22,520,193.75 in the previous year, representing a decrease of approximately 31.5%[36] - The net profit for the first three quarters was CNY 11,944,947.26, compared to a net loss of CNY 2,671,870.36 in the same period last year[33] - The total comprehensive income for the first nine months of 2017 was ¥9,812,285.96, a recovery from a loss of -¥10,807,953.35 in the previous year[37] Assets and Liabilities - Total assets increased by 5.42% to CNY 712,872,724.55 compared to the end of the previous year[4] - Current assets increased to ¥200,860,024.00 from ¥158,003,008.61 at the beginning of the year, with cash and cash equivalents rising to ¥173,454,007.28[26] - The company's total liabilities as of September 30, 2017, were ¥525,644,131.34, compared to ¥500,925,183.70 at the beginning of the year[28] - The company's equity attributable to shareholders increased to ¥134,264,756.97 from ¥124,238,013.27 at the beginning of the year[28] Cash Flow - Net cash flow from operating activities increased by 52.39% to CNY 84,640,639.30 for the period from January to September[4] - Cash flow from operating activities for the first nine months of 2017 was ¥84,640,639.30, an increase from ¥55,543,153.32 in the same period last year, showing improved cash generation[38] - Total cash inflow from operating activities was 34,767,532.36 RMB, significantly higher than 14,714,537.82 RMB in the previous year, reflecting a growth of approximately 136%[41] - The ending cash and cash equivalents balance was 11,055,557.16 RMB, up from 740,347.42 RMB at the end of the previous year[42] Government Support - Non-operating income from government subsidies amounted to CNY 15,503,000.00 for the third quarter[6] - The company received government subsidies totaling ¥21,995,590.48, a 131.88% increase compared to the previous period, primarily due to more government support for its computer information business[14] - The company has received a total of ¥15 million in government support for its projects, which is expected to increase the net profit for 2017 by ¥15 million[18] Shareholder Information - The total number of shareholders reached 4,674 by the end of the reporting period[8] - The largest shareholder, Xi'an Economic Development Group, holds 20.60% of the shares[8] - The company held a temporary shareholders' meeting on October 10, 2017, to elect new board members and independent directors[20] Operational Efficiency - The company has increased its focus on operational management to enhance efficiency, contributing positively to performance improvements[22] - The company reported a significant increase in operating income, with a rise of 2202.23% in non-operating income to ¥15,765,388.90, mainly from government subsidies[16] Inventory and Receivables - Inventory rose by 71.69% to ¥11,232,909.18, attributed to an increase in computer information business construction projects[12] - Accounts receivable decreased to CNY 3,554,443.03 from CNY 10,479,895.79, a decline of 66.1%[30] - The company reported a significant increase in inventory, which rose to ¥11,232,909.18 from ¥6,542,583.22 at the beginning of the year[26] Borrowings - The company’s short-term borrowings decreased by 100% to ¥0, as City College repaid its bank loans[12] - The company’s long-term borrowings remained stable at ¥20,000,000.00, reflecting an increase in loans taken by City College[13] - The company received 30,000,000.00 RMB in borrowings during the third quarter, an increase from 20,000,000.00 RMB in the previous quarter[39]