Hunan (SH:600476)2017-10-27 16:00Financial Performance - Operating revenue decreased by 20.07% to CNY 166,235,756.58 for the first nine months compared to the same period last year[5] - Net profit attributable to shareholders was CNY 2,414,322.86, a significant recovery from a loss of CNY 4,717,614.13 in the previous year[5] - Basic and diluted earnings per share improved to CNY 0.015 from a loss of CNY 0.029 in the previous year[5] - Net profit for the period was CNY 1.04 million, compared to a net loss of CNY 0.50 million in the same period last year[27] - Operating revenue for the first nine months was CNY 166.24 million, down 20.3% from CNY 207.99 million year-on-year[26] - The company reported a gross profit margin of approximately 1.2% for the current period, compared to a negative margin in the previous year[27] - Total profit for the first nine months of 2017 was ¥2,458,504.52, compared to a loss of ¥3,728,045.96 in the same period of 2016[30] Assets and Liabilities - Total assets increased by 15.58% to CNY 408,729,475.58 compared to the end of the previous year[5] - Total liabilities rose to ¥208,218,595.22 from ¥155,534,983.90, reflecting increased short-term borrowings and other liabilities[16] - Total assets increased to CNY 416.94 million from CNY 362.00 million, representing a growth of approximately 15.1%[20] - Current assets rose to CNY 329.25 million, up from CNY 274.05 million, marking a 20.2% increase[20] - Total liabilities increased to CNY 211.78 million from CNY 159.30 million, reflecting a rise of 32.9%[21] - The company's total equity increased slightly to ¥200,510,880.36 from ¥198,096,927.28, showing a stable equity position despite losses[16] Cash Flow - The net cash flow from operating activities for the first nine months was a negative CNY 53,788,454.85, an improvement from negative CNY 59,094,217.14 in the previous year[5] - Cash flow from operating activities for the first nine months of 2017 was negative at -¥53,788,454.85, an improvement from -¥59,094,217.14 in the same period of 2016[34] - Operating cash flow for the first nine months of 2017 was CNY 143,225,297.13, a decrease of 26.8% compared to CNY 195,650,830.74 in the same period last year[37] - Net cash flow from operating activities was -CNY 53,827,055.95, slightly improved from -CNY 59,471,754.16 year-over-year[37] - Total cash and cash equivalents at the end of Q3 2017 was ¥46,234,026.38, up from ¥25,886,889.05 at the end of Q3 2016[35] - The company experienced a net decrease in cash and cash equivalents of -CNY 8,081,794.12, an improvement from -CNY 22,925,676.91 in the previous year[38] Shareholder Information - The total number of shareholders reached 21,052 by the end of the reporting period[8] - The top shareholder, Beijing Zhongyou Asset Management Co., held 32.98% of the shares[8] Other Financial Metrics - Government subsidies recognized in the first nine months amounted to CNY 575,420.00[6] - Non-recurring gains and losses totaled CNY 210,897.47 for the first nine months[6] - Accounts receivable increased by 66.09% to ¥128,242,069.73 from ¥77,210,938.53 due to the timing of contractually agreed payments[6] - Prepayments surged by 159.61% to ¥7,519,756.42 from ¥2,896,577.46, primarily due to invoices for prepaid goods not yet received[6] - Short-term borrowings rose by 55.56% to ¥140,000,000.00 from ¥90,000,000.00, reflecting new bank loans during the reporting period[6] - Employee compensation payable decreased by 82.85% to ¥1,317,938.16 from ¥7,686,005.79, attributed to payments made for labor costs[6] - Deferred income increased by 52.00% to ¥11,400,000.00 from ¥7,500,000.00, due to funds received for the application demonstration project of the Beidou satellite navigation system in postal logistics[6] - Tax expenses decreased by 46.02% to ¥6,373,376.74 from ¥11,807,482.33, resulting from a decline in revenue during the reporting period[12] - Other income dropped by 80.85% to ¥581,618.06 from ¥3,037,266.90, as some income was reclassified under other earnings per new accounting standards[12] Future Outlook - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[27]