SBT(SH:600608)2018-10-29 16:00Financial Performance - Operating revenue increased significantly by 220.93% year-on-year, reaching ¥717,121,885.66 for the first nine months[7] - The company reported a basic and diluted earnings per share of -¥0.01, compared to -¥0.07 in the same period last year[8] - The company's operating revenue for Q3 2018 was ¥717,121,885.66, representing a 220.93% increase compared to the same period last year[10] - Total operating revenue for Q3 2018 reached ¥227,321,497.64, an increase from ¥147,790,642.00 in the same period last year, representing a growth of approximately 53.8%[28] - The company's operating revenue for Q3 2018 was CNY 219,306,901.94, with a year-to-date total of CNY 693,838,088.71[32] - The total revenue from sales of goods and services received was approximately ¥836.95 million, compared to ¥320.04 million in the previous year, indicating a strong growth trajectory[35] Profitability and Losses - Net profit attributable to shareholders was a loss of ¥1,996,939.13, compared to a loss of ¥23,081,621.89 in the same period last year[7] - The company has not achieved profitability due to various factors, including industry conditions and high operational costs[15] - The company reported a net loss of ¥-524,995,066.32 as of September 30, 2018, compared to a loss of ¥-523,184,615.77 at the beginning of the year, indicating a slight increase in losses[26] - The net loss for Q3 2018 was CNY 656,421.95, with a year-to-date net loss of CNY 25,883,559.18[30] - The total comprehensive loss for Q3 2018 was CNY 656,421.95, with a year-to-date total of 25,883,559.18[31] Cash Flow - Cash flow from operating activities showed a negative net amount of ¥68,397,321.86, indicating a significant increase in cash outflow compared to the previous year[7] - Cash inflow from operating activities reached ¥837,328,784.69, a 161.27% increase year-on-year, driven by higher sales in the trading sector[10] - Cash outflow from operating activities was ¥905,726,106.55, marking a 172.15% increase, attributed to higher procurement costs[10] - The total cash inflow from operating activities for the first nine months of 2018 was approximately ¥837.33 million, a significant increase from ¥320.48 million in the same period last year, representing a growth of over 161%[35] - The cash outflow from operating activities was approximately ¥905.73 million, compared to ¥332.80 million in the previous year, leading to a net cash flow from operating activities of approximately -¥68.40 million, worsening from -¥12.32 million year-on-year[36] - The ending cash and cash equivalents balance as of the end of September 2018 was approximately ¥5.81 million, a decrease from ¥38.85 million at the end of the previous year[37] Assets and Liabilities - Total assets decreased by 9.34% from the end of the previous year, amounting to ¥171,925,612.08[7] - The total assets as of September 30, 2018, amounted to ¥168,138,889.92, down from ¥186,764,468.02 at the beginning of the year, reflecting a decrease of approximately 9.9%[25] - Total liabilities as of September 30, 2018, were ¥110,379,521.02, compared to ¥127,194,648.57 at the beginning of the year, showing a reduction of about 13.2%[26] - The company's total equity as of September 30, 2018, was ¥57,759,368.90, down from ¥59,569,819.45 at the beginning of the year, indicating a decline of approximately 3.0%[26] - The total current liabilities decreased to ¥105,625,481.42 from ¥122,440,608.97, reflecting a reduction of about 13.7%[25] Shareholder Information - The company had a total of 19,929 shareholders at the end of the reporting period[8] - The largest shareholder, Kunming Transportation Investment Co., Ltd., held 12.01% of the shares, totaling 39,486,311 shares[8] Inventory and Prepaid Accounts - Inventory increased by 55.07% to ¥72,091,405.48, reflecting a rise in procurement volume[9] - Prepaid accounts increased by 41.41% to ¥81,419,537.32, attributed to increased business scale in purchasing goods[9] - Inventory levels increased to ¥72,091,405.48 from ¥46,489,549.56, representing a rise of approximately 55.0%[25] Future Outlook and Plans - The company anticipates a potential cumulative net loss for the year, influenced by industry profitability levels and high fixed costs[15] - The company is in the early stages of planning a significant transaction involving the acquisition of 100% equity in Yunnan Kunjiantou Supply Chain Management Co., Ltd.[12] - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[36]