GHWL(SH:600603)2016-10-27 16:00Financial Performance - Operating revenue for the year-to-date was CNY 771,681.77, a decrease of 97.44% compared to the same period last year[7]. - Net profit attributable to shareholders was CNY -33,458,712.60, representing a decline of 237.28% year-on-year[7]. - Basic and diluted earnings per share were both CNY -0.17, compared to CNY -0.05 in the same period last year[7]. - Operating revenue fell by 97.44% to ¥771,681.77 from ¥30,170,704.47, mainly due to a lack of construction material trading and reduced lead and zinc sales[12]. - Operating costs decreased by 98.04% to ¥468,702.71, reflecting the drop in operating revenue[12]. - Management expenses rose by 116.17% to ¥21,000,122.85, attributed to increased operational costs in the film business and legal fees[12]. - Financial expenses increased by 110.87% to ¥12,697,789.40, due to higher interest expenses from increased borrowings[13]. - Net profit attributable to the parent company for Q3 2016 was CNY -11,908,447.16, compared to CNY 18,931.95 in Q3 2015, indicating a significant decline[28]. - Total profit for Q3 2016 was CNY -12,688,095.30, down from CNY 581,690.37 in Q3 2015, marking a substantial loss[28]. - The company reported a net loss of CNY -12,688,095.30 for Q3 2016, compared to a profit of CNY 581,690.37 in Q3 2015[28]. - The total comprehensive loss for Q3 2016 was CNY -12,688,095.30, reflecting a significant decline from the previous year's profit[28]. Assets and Liabilities - Total assets decreased by 6.19% to CNY 242,388,166.11 compared to the end of the previous year[7]. - Total liabilities increased from CNY 400,035,329.52 to CNY 419,677,086.02, an increase of about 4.1%[20]. - The company's total equity decreased from CNY -141,660,988.63 to CNY -177,288,919.91, reflecting a decline of approximately 25.1%[20]. - Cash and cash equivalents decreased by 79% to ¥6,606,226.38 from ¥31,453,801.39 due to payments for film production[12]. - Accounts receivable dropped to zero, a 100% decrease, as the company collected outstanding receivables[12]. - Inventory increased by 43% to ¥58,586,448.30, primarily due to an increase in television series in production[12]. - The company's other receivables decreased from CNY 7,242,981.48 to CNY 1,242,128.07, a decline of about 82.8%[23]. - The estimated liabilities increased from CNY 62,855,944.87 to CNY 64,799,047.50, an increase of approximately 3.1%[24]. - The total current liabilities increased from CNY 336,379,384.65 to CNY 354,078,038.52, an increase of about 5.2%[19]. Cash Flow - Net cash flow from operating activities was CNY -38,578,711.43, down 68.49% compared to the same period last year[7]. - Cash flow from operating activities showed a net outflow of ¥38,578,711.43, a 68.49% increase in outflow compared to the previous year[13]. - Total cash inflow from financing activities was 36,200,000.00 RMB, significantly higher than 18,530,000.00 RMB in the previous year, representing an increase of about 95.5%[34]. - The company’s cash flow from financing activities generated a net increase of 13,731,136.42 RMB, compared to 3,530,000.00 RMB in the previous year, reflecting a positive trend in financing[34]. - The net cash flow from investing activities was -26,181.00 RMB, indicating no significant investment activity during the period[34]. - The net cash flow from operating activities for the first nine months of 2016 was -38,578,711.43 RMB, compared to -22,897,233.60 RMB in the same period last year, indicating a decline of approximately 68.6%[33]. - Cash and cash equivalents at the end of the period stood at 6,606,226.38 RMB, a decrease from 31,453,801.39 RMB at the beginning of the period, marking a decline of approximately 78.9%[34]. Shareholder Information - The total number of shareholders was 18,024 at the end of the reporting period[10]. - The largest shareholder, Chen Tieming, held 15.01% of shares, with 29,214,961 shares pledged[10]. Company Strategy and Developments - The company is committed to advancing a major asset restructuring to enhance its market competitiveness and sustainable development capabilities[13]. - The company has not disclosed any new product developments or market expansion strategies in this report[8].