IMS(SH:600556)2016-10-30 16:00Financial Performance - Operating revenue for the first nine months decreased by 35.38% to CNY 31,958,315.15 compared to the same period last year[9] - Net profit attributable to shareholders decreased by 1,804.46% to CNY -18,092,712.93 compared to the same period last year[9] - Basic and diluted earnings per share were CNY -0.0458, a decrease of 1,796.30% compared to the same period last year[9] - Total operating revenue for Q3 2016 was CNY 8,490,864.88, a decrease of 41.0% compared to CNY 14,390,773.85 in Q3 2015[28] - Year-to-date revenue for the first nine months of 2016 reached CNY 31,958,315.15, down 35.3% from CNY 49,454,843.56 in the same period last year[28] - Net profit for Q3 2016 was a loss of CNY 5,547,096.79, compared to a loss of CNY 833,645.87 in Q3 2015, indicating a significant increase in losses[30] - The company reported a net loss of CNY 18,125,917.84 for the first nine months of 2016, compared to a profit of CNY 1,061,133.70 in the same period last year[30] - Operating profit for the first nine months of 2016 was a loss of CNY 3,150,827.37, compared to a loss of CNY 423,239.33 in the same period last year[32] - The total comprehensive loss for Q3 2016 was CNY 5,547,096.79, compared to a loss of CNY 833,645.87 in Q3 2015, highlighting a significant decline[30] Assets and Liabilities - Total assets increased by 12.22% to CNY 139,827,773.29 compared to the end of the previous year[8] - Total liabilities increased to CNY 182,192,067.16 from CNY 141,560,065.55 at the start of the year, reflecting a rise of 28.8%[25] - The company's total equity as of September 30, 2016, was CNY 21,050,489.79, up from CNY 20,740,759.47 at the beginning of the year[25] - The total liabilities to equity ratio stood at approximately 8.66, indicating a high leverage position[25] - Accounts receivable increased by 33.56% compared to the beginning of the year, mainly due to increased revenue from smart city projects and property fees[15] - Prepayments increased by 769.44% compared to the beginning of the year, primarily due to prepayments for engineering and equipment[15] - Inventory increased by 239.9% compared to the beginning of the year, mainly due to the purchase of materials for smart city projects[15] - Fixed assets increased by 572.64% compared to the beginning of the year, primarily due to the purchase of office equipment[15] - Other receivables rose to CNY 6,586,762.89 from CNY 3,963,656.67, indicating a 66.0% increase[24] - Non-current assets totaled CNY 123,354,812.02, up from CNY 95,582,262.74 at the beginning of the year, marking a growth of 29.1%[24] Cash Flow - Net cash flow from operating activities improved by 56.37% to CNY -30,600,342.23 compared to the same period last year[8] - Cash inflow from operating activities totaled CNY 66,917,380.93, a decrease of 21.5% compared to CNY 85,255,064.52 in the same period last year[36] - Cash inflow from investment activities was CNY 15,051,780.82, while cash outflow was CNY 3,498,277.36, resulting in a net cash flow of CNY -3,498,277.36 compared to CNY 15,047,122.70 last year[36] - Cash inflow from financing activities was CNY 38,450,000.00, a decrease from CNY 55,500,000.00 in the previous year[37] - Net cash flow from financing activities was CNY 28,450,000.00, down from CNY 55,500,000.00 year-over-year[37] - The ending cash and cash equivalents balance was CNY 29,240,967.70, compared to CNY 31,144,470.46 at the end of the same period last year[37] - Total cash outflow for operating activities was CNY 97,517,723.16, down from CNY 155,387,867.14 in the previous year[36] - The company reported a net increase in cash and cash equivalents of CNY -5,648,619.59, compared to an increase of CNY 414,320.08 last year[37] Shareholder Information - The total number of shareholders at the end of the reporting period was 72,461[12] - The largest shareholder, Shenzhen Ruileijia Investment Enterprise, held 10.85% of the shares[12] Management and Operational Insights - Management expenses increased by 68.30% year-on-year, primarily due to increased investment in logistics support for smart city business[16] - Operating costs decreased by 17.30% year-on-year, mainly due to reduced costs associated with smart city projects[16] - The company has not disclosed any new product developments or market expansion strategies in this report[14] - The company experienced an increase in asset impairment losses, which amounted to CNY 380,209.60 for the first nine months of 2016, compared to CNY 80,810.43 in the same period last year[29]