GSMG(SH:600543)2016-10-24 16:00Financial Performance - Net profit attributable to shareholders decreased by 8.77% to CNY 21,636,746.66 for the first nine months of the year[6] - Operating revenue for the first nine months was CNY 146,583,406.61, down 14.80% year-on-year[6] - The weighted average return on net assets decreased by 0.23 percentage points to 1.97%[6] - Total profit for the first nine months of 2016 was ¥24,002,455.82, down 35.5% from ¥36,993,214.35 in the same period last year[28] - The company reported a total net profit of ¥21,378,168.74 for the first nine months of 2016, down 8.9% from ¥23,465,674.49 in the same period last year[29] - Net profit for Q3 2016 reached ¥9,012,703.23, representing a 30.5% increase compared to ¥6,905,358.86 in Q3 2015[29] Cash Flow - Net cash flow from operating activities was CNY 44,249,431.25, a significant improvement from a negative cash flow of CNY -3,220,442.41 in the same period last year[6] - Net cash flow from operating activities for the first nine months of 2016 was CNY 44,249,431.25, a significant improvement from a net outflow of CNY 3,220,442.41 in the same period last year[35] - Cash inflow from sales of goods and services for the first nine months of 2016 was CNY 170,796,543.50, down from CNY 191,588,264.72 in the previous year[34] - The total cash inflow from operating activities was CNY 187,648,847.70, compared to CNY 200,755,646.86 in the previous year[35] - The net cash flow from investing activities was CNY -42,767,727.54 for the first nine months of 2016, compared to CNY -72,678,746.03 in the same period last year[36] - The company reported a net cash flow from financing activities of CNY 12,057,687.58, down from CNY 18,728,957.53 in the previous year[36] Assets and Liabilities - Total assets increased by 0.57% to CNY 1,283,255,733.28 compared to the end of the previous year[6] - Current assets totaled CNY 617,075,766.95, down from CNY 652,567,867.17 at the start of the year, indicating a decrease of approximately 5.4%[20] - Total liabilities decreased to CNY 166,698,782.58 from CNY 180,850,963.91, a decrease of approximately 7.8%[21] - The company's equity increased to CNY 1,116,556,950.70 from CNY 1,095,178,781.96, reflecting a growth of about 2%[21] - The non-current assets totaled CNY 666,179,966.33, up from CNY 623,461,878.70, indicating an increase of approximately 6.8%[20] Shareholder Information - The total number of shareholders reached 21,909 by the end of the reporting period[10] - The largest shareholder, Gansu Huangyanghe Agricultural and Industrial Group, holds 13.31% of the shares[10] Operational Highlights - The company has not reported any new product developments or technological advancements in this quarter[6] - There are no significant mergers or acquisitions reported during this period[6] - Accounts receivable decreased by CNY 9.55 million, a decline of 95.49%, mainly due to changes in payment collection methods[11] - Fixed assets increased by CNY 118.69 million, a growth of 40.56%, while construction in progress decreased by 31.65%, primarily due to the completion of the Wuwei Ecological Wine Castle[11] - Investment income for the first nine months increased by CNY 4.80 million, a growth of 37.52%, primarily due to increased returns from financial products[12] - Total operating revenue for Q3 2016 was ¥39,697,254.60, a 3.7% increase from ¥38,272,904.62 in Q3 2015[28] - Total operating costs for Q3 2016 were ¥40,971,890.51, up 20% from ¥34,123,441.89 in Q3 2015[28] - Sales expenses for Q3 2016 were ¥17,874,393.63, up 8.3% from ¥16,502,105.50 in Q3 2015[28] - Management expenses for Q3 2016 increased to ¥8,942,301.17, compared to ¥7,673,754.50 in Q3 2015[28]