ATLANTIC(SH:600558)2016-10-27 16:00Financial Performance - Net profit attributable to shareholders was CNY 38,724,938.32, down 2.43% year-on-year[7]. - Operating revenue for the first nine months was CNY 1,267,129,678.95, a decrease of 3.03% compared to the same period last year[7]. - Operating profit increased by 78.43% year-on-year, driven by higher gross margins and reduced expenses[23]. - The company reported a significant decrease of 80.08% in non-operating income compared to the previous year, mainly due to reduced investment income[23]. - Net profit for the first nine months of 2016 was ¥46,571,428.50, compared to ¥46,100,026.91 for the same period last year, showing a slight increase of 1.0%[45]. - Basic earnings per share for the first nine months of 2016 were ¥0.043, compared to ¥0.090 for the same period last year, reflecting a decrease of about 52.2%[45]. - Total profit for Q3 2016 was approximately ¥9.57 million, an increase of 35% compared to ¥7.10 million in Q3 2015[49]. - Net profit for the first nine months of 2016 reached ¥38.11 million, representing a 25.2% increase from ¥30.47 million in the same period last year[49]. Cash Flow - Net cash flow from operating activities was CNY 23,901,262.38, a significant decrease of 70.67% year-on-year[7]. - The company reported a net cash flow from operating activities of ¥23.90 million for the first nine months, down 70.7% from ¥81.50 million in the previous year[51]. - Cash inflow from investment activities was ¥219.48 million, a decrease of 41.5% compared to ¥375.14 million in the previous year[51]. - Cash inflow from financing activities totaled $42,416,772.69, a decrease from $169,749,610.26 in the previous period[55]. - Cash outflow from financing activities amounted to $137,720,150.92, down from $186,611,809.76 year-over-year[55]. - Net cash flow from financing activities was -$95,303,378.23, compared to -$16,862,199.50 in the prior year[55]. - The net increase in cash and cash equivalents was -$5,608,232.91, significantly improved from -$125,459,114.26 previously[55]. - The ending balance of cash and cash equivalents was $132,728,801.39, down from $140,143,030.61 in the last period[55]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,633,823,889.35, a decrease of 0.52% compared to the end of the previous year[7]. - Total assets as of September 30, 2016, amounted to ¥2,000,186,075.15, a decrease from ¥2,041,771,059.58 at the beginning of the year, representing a decline of approximately 2.1%[39]. - Total liabilities decreased to ¥250,914,255.32 from ¥306,671,360.13, reflecting a reduction of about 18.2%[40]. - As of September 30, 2016, total current assets amounted to 1,285,756,967.42 RMB, a slight decrease from 1,333,911,571.46 RMB at the beginning of the year[36]. - Non-current assets totaled 1,348,066,921.93 RMB, an increase from 1,313,746,494.64 RMB at the beginning of the year[36]. Shareholder Information - The number of shareholders at the end of the reporting period was 50,630[11]. - The company has committed to not transferring 23,548,806 shares for 36 months following the non-public offering[33]. Market and Future Plans - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[48]. Inventory and Receivables - Accounts receivable increased by 112.06% compared to the beginning of the period, due to the implementation of a credit sales policy[15]. - Accounts receivable increased significantly from 135,514,993.76 RMB at the beginning of the year to 287,376,087.16 RMB[36]. - Inventory levels rose from 327,019,658.28 RMB at the beginning of the year to 345,282,402.13 RMB[36]. Financial Expenses - Financial expenses decreased by 32.70% year-on-year, primarily due to reduced borrowings and lower interest rates[22]. - The company's financial expenses showed a reduction, with a net financial income of approximately -¥1.26 million compared to -¥1.60 million in Q3 2015[47].