SBT(SH:600608)2016-10-26 16:00Financial Performance - Operating revenue for the first nine months decreased by 35.67% to CNY 79,378,351.50 compared to the same period last year[7]. - Net profit attributable to shareholders for the first nine months was -CNY 21,461,307.39, compared to -CNY 17,677,230.79 in the same period last year[7]. - Basic and diluted earnings per share for the current period were both -CNY 0.07, compared to -CNY 0.05 in the same period last year[8]. - Total operating revenue for the first nine months of 2016 was CNY 79,378,351.50, down from CNY 123,384,245.94 in the same period last year, representing a decline of about 35.7%[26]. - The company reported a net loss attributable to shareholders of CNY 21,461,307.39 for the first nine months of 2016, compared to a loss of CNY 17,677,230.79 in the same period last year, reflecting an increase in losses of about 21.5%[27]. - The total comprehensive loss for Q3 2016 was CNY 6,361,783.30, compared to a loss of CNY 5,564,691.49 in the same period last year, indicating a decline of about 14.3%[28]. Assets and Liabilities - Total assets increased by 12.57% to CNY 301,342,378.35 compared to the end of the previous year[7]. - Total liabilities rose to ¥301,146,367.71 from ¥244,073,531.89, marking an increase of about 23.4%[22]. - Current liabilities increased to ¥278,545,125.15 from ¥221,472,289.33, which is an increase of approximately 25.8%[22]. - The company reported a negative retained earnings of ¥-825,507,802.36, worsening from ¥-804,046,494.97[23]. - The total equity attributable to shareholders decreased to ¥-10,813,896.79 from ¥10,647,410.60, indicating a significant decline[23]. Cash Flow - Net cash flow from operating activities for the first nine months decreased by 509.12% to -CNY 38,969,834.48 compared to the same period last year[7]. - Operating cash inflow for the first nine months of 2016 was CNY 184,557,529.57, an increase from CNY 147,788,556.51 in the same period last year, representing a growth of approximately 25%[33]. - The net increase in cash and cash equivalents for the first nine months of 2016 was negative CNY 40,237,034.13, contrasting with a positive increase of CNY 2,416,273.09 in the prior year[34]. - The ending balance of cash and cash equivalents as of September 30, 2016, was CNY 77,308,331.30, compared to CNY 29,371,958.18 at the same time last year[34]. Shareholder Information - The total number of shareholders at the end of the reporting period was 18,850[11]. - The largest shareholder, Kunming Transportation Investment Co., Ltd., held 12.01% of the shares[11]. - The second largest shareholder, Kunming Industrial Development Investment Co., Ltd., held 6.32% of the shares[11]. Operational Changes - The company has been actively negotiating a relocation plan for its subsidiary Shanghai Yongxin, which is required to vacate its leased premises by 2017[14]. - The company’s stock was delisted from "ST" status and returned to normal trading after the resolution of a guarantee obligation that led to the freezing of its bank accounts[14]. - The company anticipates a significant increase in prepaid accounts and advance receipts due to changes in trading practices for bulk commodities[12].