TYGF(SH:600506)2015-10-19 16:00Financial Performance - Operating revenue decreased by 34.83% to CNY 47,592,366.94 for the period from January to September[6] - Net profit attributable to shareholders was a loss of CNY 4,292,637.17, improving from a loss of CNY 7,134,979.43 in the same period last year[6] - Basic earnings per share were -0.0291, compared to -0.0483 in the same period last year[7] - Total revenue for the third quarter was CNY 4,477,064.14, a significant decrease from CNY 26,009,249.95 in the same period last year[32] - Net loss for the third quarter was CNY 2,537,790.39, compared to a loss of CNY 519,543.44 in the same period last year[33] - Net profit for the first nine months of 2015 was CNY -4,302,292.66, compared to CNY -6,693,619.25 in the same period last year, indicating an improvement[35] - Total comprehensive income for Q3 2015 was CNY -2,541,227.85, compared to CNY -360,139.62 in Q3 2014[36] Cash Flow - Cash flow from operating activities generated CNY 27,242,424.20, a significant improvement from a negative cash flow of CNY 721,348.89 in the previous year[6] - Cash inflow from operating activities totaled CNY 66,303,851.42 in Q3 2015, compared to CNY 126,959,759.21 in the same period last year[39] - Operating cash inflow for the first nine months was CNY 116,293,495.93, a decrease of 7.99% compared to CNY 126,300,514.01 in the previous year[42] - Net cash flow from operating activities was CNY 77,232,768.71, a significant improvement from a net outflow of CNY 534,393.70 in the same period last year[42] - Cash received from other operating activities was CNY 51,785,055.93, a substantial increase from CNY 3,276,059.06 in the previous year[42] Assets and Liabilities - Total assets increased by 2.15% to CNY 293,984,055.54 compared to the end of the previous year[6] - The company's total liabilities reached RMB 26,466,196.25, up from RMB 15,978,036.82, marking an increase of approximately 65.5%[25] - Total current liabilities rose significantly to RMB 15,648,196.25 from RMB 5,160,036.82, indicating an increase of about 203.5%[24] - The company's total equity decreased to RMB 267,517,859.29 from RMB 271,810,496.46, reflecting a decline of about 1.6%[25] - Inventory decreased to RMB 30,660,636.48 from RMB 42,654,675.98, a reduction of approximately 28.2%[23] Shareholder Information - The total number of shareholders reached 12,912 at the end of the reporting period[11] - The largest shareholder, Xinjiang Rongsheng Investment Co., Ltd., holds 23.88% of the shares[11] Legal Matters - The company is involved in ongoing litigation regarding the recovery of RMB 2.5 million in advance payments from Yingxiaer Cotton Industry Co., Ltd[17] - The company has initiated legal proceedings against two horticultural farms for unpaid management fees totaling RMB 4 million[18] - Six contractors have appealed a court ruling requiring them to pay 2014 orchard rental fees, with ongoing litigation[19] Operational Changes - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company plans to increase its shareholding in Xinjiang Korla Pear Co., Ltd. by no less than RMB 10 million starting from July 9, 2015[21] - The company committed to maintaining the independence of its operations and assets post-equity changes, ensuring no competition with listed companies[21] - The company will minimize related party transactions and ensure fair pricing in necessary transactions[21] Cost Management - Operating costs decreased by 38.36% to RMB 42,457,032.54 from RMB 68,877,051.28, also due to reduced fruit sales volume[15] - Sales expenses for the first nine months of 2015 were CNY 1,774,818.47, a decrease from CNY 2,112,947.72 in the same period last year[35] - Management expenses for the first nine months of 2015 were CNY 7,426,089.77, down from CNY 9,111,327.69 in the same period last year[35]