SHCF(SH:600621)2016-10-24 16:00Financial Performance - Operating revenue for the first nine months reached CNY 452,240,916.02, a 32.71% increase year-on-year [7]. - Net profit attributable to shareholders decreased by 22.90% to CNY 143,178,330.23 compared to the same period last year [7]. - Basic earnings per share fell by 22.89% to CNY 0.2732 [7]. - The net profit attributable to shareholders after deducting non-recurring gains was CNY 129,814,053.94, down 28.57% year-on-year [7]. - Operating revenue for the current period was CNY 45,564,756.98, compared to CNY 42,227,875.53 in the same period last year, showing an increase of about 7.5% [36]. - Net profit for the current period was a loss of CNY 5,417,220.21, compared to a profit of CNY 2,128,839.87 in the same period last year [37]. - The net profit attributable to the parent company was 955,210.08, a decrease from 28,801,455.75 in the previous period, reflecting a significant decline [38]. - The total comprehensive income attributable to the parent company was -3,641,854.92, compared to 19,020,510.75 in the same period last year, indicating a downturn [39]. - The total profit for the current period was 211,466,740.59, an increase from 188,295,748.77 year-on-year [41]. - The net profit for the first nine months was 194,433,138.31, compared to 179,661,364.98 in the previous year, indicating a positive trend [41]. Cash Flow - Net cash flow from operating activities was negative at CNY -378,972,643.42, a decline of 78.03% year-on-year [6]. - The net cash flow from financing activities increased by 633,390,291.22 RMB, primarily due to increased cash from borrowings [20]. - Cash inflow from sales of goods and services reached ¥285,226,727.72, an increase of 16.1% compared to ¥245,625,866.12 in the same period last year [43]. - Net cash flow from operating activities was -¥378,972,643.42, worsening from -¥212,874,374.37 year-on-year [43]. - Total cash inflow from financing activities amounted to ¥1,150,655,000.00, up from ¥593,790,000.00 in the previous year, indicating a significant increase of 93.8% [44]. - The net cash flow from investment activities was -¥44,770,745.72, a decline from a positive cash flow of ¥5,477,852.36 in the previous year [44]. - The company reported a net increase in cash and cash equivalents of -¥1,097,354.47, compared to a much larger decrease of -¥418,140,781.83 in the previous year [44]. Assets and Liabilities - Total assets increased by 21.59% to CNY 4,376,866,622.35 compared to the end of the previous year [6]. - The company's total liabilities reached CNY 2,337,339,378.35, compared to CNY 1,677,067,260.59 at the beginning of the year, reflecting an increase in financial obligations [30]. - The company's equity attributable to shareholders was CNY 1,950,668,334.63, an increase from CNY 1,850,479,016.15 at the start of the year [30]. - The company's current assets totaled CNY 2,792,113,524.15, up from CNY 1,986,509,243.77 at the start of the year, indicating a significant increase in liquidity [28]. - The company's total liabilities increased to CNY 2,433,862,951.96 from CNY 1,738,732,445.72, reflecting a growth of approximately 40% [34]. - The company's short-term borrowings increased to CNY 410,000,000.00 from CNY 220,000,000.00 at the beginning of the year, indicating a rise in leverage [29]. Inventory and Receivables - Accounts receivable increased by 188,804,830.78 RMB, a growth rate of 25,404.23% due to increased receivables from Shanghai Zhikun Investment Management Co., Ltd. totaling 178,736,524.80 RMB [16]. - Inventory balance increased by 599,366,523.81 RMB, a growth of 43.96%, mainly due to the addition of real estate assets [17]. - Other receivables rose by 13,705,353.40 RMB, a 55.07% increase, primarily due to pending tax credits from real estate asset acquisitions [17]. - The company's inventory increased significantly to CNY 1,962,941,372.26 from CNY 1,363,574,848.45, suggesting potential growth in sales or production [28]. - Inventory increased significantly to CNY 962,198,845.62 from CNY 454,898,925.78, representing a growth of about 111% [33]. Shareholder Information - The total number of shareholders at the end of the reporting period was 45,661 [11]. - The largest shareholder, Huaxin Real Estate (Group) Co., Ltd., held 26.62% of the shares [11]. Operating Expenses - The company reported a significant increase in operating expenses, with management fees rising by 32,128,837.33 RMB, an 88.44% increase due to higher operational activities [19]. - Operating costs for the current period were CNY 78,510,968.53, up from CNY 54,825,023.62, indicating a rise of approximately 43% [37]. - Operating costs for the same period were 97,397,829.21, up from 46,813,889.88, leading to increased pressure on margins [40]. - Operating tax and additional charges surged by 64,717,683.97 RMB, an increase of 289.44%, linked to higher property sales revenue [19]. Future Plans - The company is planning a major asset restructuring involving the disposal of certain assets and liabilities, with the injection of equity from Huaxin Securities Co., Ltd. as part of the transaction [22]. - The company's commitment to eliminate competition with its controlling shareholder by integrating related businesses and assets by December 31, 2017 [23].