CS&S(SH:600536)2017-10-29 16:00Financial Performance - Operating revenue increased by 21.64% to CNY 2,966,820,665.02 for the first nine months compared to the same period last year[9]. - Net profit attributable to shareholders was a loss of CNY 206,830,753.49, compared to a loss of CNY 140,951,233.44 in the same period last year[9]. - The company reported a total comprehensive loss of -336,861,782.39 RMB for the quarter, an increase of 140,092,208.43 RMB year-on-year[15]. - The company’s net profit for Q3 2017 was -336,435,954.41 RMB, a decrease of 138,496,255.18 RMB compared to the previous year[14]. - Total operating revenue for Q3 2017 reached ¥1,018,450,869.64, a 21.1% increase from ¥841,028,777.64 in Q3 2016[38]. - Net loss for Q3 2017 was ¥105,302,307.23, compared to a net loss of ¥112,805,059.72 in Q3 2016, showing a slight improvement[40]. - Operating profit for the first nine months of 2017 was -¥359,335,129.64, slightly worse than -¥344,771,013.22 in the same period of 2016[38]. - The company reported a total profit loss of ¥99,931,609.28 for Q3 2017, an improvement from a loss of ¥113,751,677.51 in Q3 2016[40]. Assets and Liabilities - Total assets decreased by 11.14% to CNY 5,303,051,010.13 compared to the end of the previous year[9]. - Net assets attributable to shareholders decreased by 11.55% to CNY 1,825,599,422.46 compared to the end of the previous year[9]. - Total liabilities decreased to CNY 2,786,340,515.54 from CNY 3,059,595,450.80[32]. - Current liabilities amounted to CNY 2,259,289,364.21, down from CNY 2,601,275,089.84[32]. - Long-term borrowings increased to CNY 350,000,000.00 from CNY 270,000,000.00[32]. - Non-current assets totaled CNY 1,226,502,663.50, an increase from CNY 1,197,221,428.47[31]. - The company's total current assets decreased to approximately CNY 4.08 billion, down 14.5% from the beginning of the year[30]. Cash Flow - Cash flow from operating activities showed an improvement, with a net outflow of CNY 706,656,639.08 compared to CNY 919,202,583.98 in the same period last year[9]. - Operating cash inflow for the first nine months of 2017 was CNY 3,525,093,268.68, an increase of 27% compared to CNY 2,778,919,440.80 in the same period last year[45]. - Total cash outflow from operating activities was CNY 4,231,749,907.76, an increase from CNY 3,698,122,024.78 year-over-year[45]. - Net cash flow from operating activities was -CNY 706,656,639.08, an improvement from -CNY 919,202,583.98 year-over-year[45]. - Cash inflow from financing activities was CNY 837,056,636.37, compared to CNY 706,397,848.00 in the same period last year, reflecting a 18.5% increase[46]. Shareholder Information - The number of shareholders at the end of the reporting period was 44,800[11]. - The largest shareholder, China Electronics Corporation, holds 45.13% of the shares[11]. - The company’s controlling shareholder, China Electronics, plans to transfer 223,190,246 shares, representing 45.13% of the total share capital, to its wholly-owned subsidiary[25]. Investments and Subsidiaries - The company plans to liquidate its wholly-owned subsidiary, Ningbo Zhongruan Information Service Co., Ltd., and is currently processing the relevant procedures[16]. - A restructuring plan for the subsidiary Beijing Changcheng Software Information Technology Co., Ltd. has been proposed, which includes a capital increase from 3 million RMB to 50 million RMB[16]. - The company participated in a capital increase for Wuhan Dameng Database Co., Ltd., raising its registered capital from 36.37 million RMB to 43 million RMB[17]. - The company’s subsidiary, Nanjing Zhongruan Software and Technology Service Co., Ltd., will increase its registered capital to CNY 10 million, with the company maintaining a 70% stake[18]. - The company’s subsidiary, Sichuan Zhongruan Technology Co., Ltd., will increase its registered capital to CNY 66.67 million, with the company's stake decreasing to 20.97%[19]. Other Financial Indicators - Significant changes in financial indicators included a 41.15% decrease in cash and cash equivalents[13]. - Development expenditures increased by 373.85% to CNY 59,142,632.67 compared to the beginning of the year[13]. - Financial expenses rose significantly by 152.50% year-on-year, totaling 17,092,799.09 RMB, mainly due to increased bank loan interest[15]. - The company's undistributed profits decreased by 41.49% year-on-year, amounting to 335,660,386.38 RMB, primarily due to dividend distributions and operating losses[14]. - The company experienced a significant decline in investment income, reporting -3,225,248.53 RMB, a decrease of 2,013,886.48 RMB compared to the previous year[15].