SHCF(SH:600621)2017-10-24 16:00Financial Performance - Net profit attributable to shareholders decreased by 65.57% to CNY 112.46 million year-on-year[6] - Operating revenue fell by 27.84% to CNY 1.26 billion compared to the same period last year[6] - The company reported a net profit of CNY 65.31 million after deducting non-recurring gains and losses, a decrease of 49.69%[6] - Total revenue for the year-to-date reached RMB 1,264,536,244.73, a decrease of 27.84% compared to RMB 1,752,299,632.35 in the previous year[18] - Operating income fell to RMB 246,315,708.26, down 45.69% from RMB 453,564,674.76 year-on-year, primarily due to a reduction in property sales area[18] - The company reported a decrease in management expenses to CNY 4,270,246.68 in Q3 2017 from CNY 17,720,922.17 in Q3 2016, a reduction of 76.1%[40] - The company incurred operating costs of CNY 10,087,944.40 in Q3 2017, a decrease from CNY 18,658,459.53 in the same quarter last year, reflecting a reduction of 46.5%[40] Assets and Liabilities - Total assets decreased by 21.26% to CNY 16.25 billion compared to the end of the previous year[6] - The total assets decreased to 16,249,484,882.59 RMB from 20,637,179,019.29 RMB, indicating a reduction of approximately 21.5%[28] - The total liabilities decreased to 10,040,829,636.13 RMB from 15,192,948,010.41 RMB, showing a decline of about 33.3%[28] - The company's equity increased to 6,208,655,246.46 RMB from 5,444,231,008.88 RMB, representing a growth of approximately 14%[28] - The company's financial assets measured at fair value increased by 55.58% to RMB 662,580,345.52, up from RMB 425,872,199.89[14] - Accounts receivable decreased by 52.46% to RMB 39,861,424.27, down from RMB 83,846,353.18, mainly due to the recovery of receivables by a subsidiary[15] - Inventory decreased significantly by 76.92% to RMB 477,236,528.47 from RMB 2,067,663,263.51, due to asset restructuring[15] - The company’s long-term borrowings decreased by 89.94% to RMB 100,000,000.00 from RMB 993,721,428.56, primarily due to asset restructuring[15] - Deferred tax liabilities increased by 51.52% to RMB 26,475,805.80, attributed to changes in the fair value of financial assets[15] Cash Flow - Net cash flow from operating activities improved by 53.26%, reaching CNY -1.38 billion[6] - The net cash flow from operating activities improved to -1,378,131,649.02 RMB, a 53.26% increase compared to -2,948,394,062.93 RMB from the previous year[20] - The net cash flow from investing activities increased to -30,841,821.14 RMB, reflecting a 54.03% improvement from -67,087,117.02 RMB year-over-year[20] - The net cash flow from financing activities decreased significantly to -687,637,467.27 RMB, a decline of 145.61% compared to 1,507,599,523.64 RMB in the previous year[20] - Cash inflows from operating activities for the first nine months of 2017 totaled CNY 2,167,436,797.86, a decrease of 27.7% from CNY 3,003,208,332.80 in the same period of 2016[44] - The net cash flow from financing activities for the first nine months of 2017 was -CNY 687,637,467.27, compared to a positive net flow of CNY 1,507,599,523.64 in the previous year[45] - The ending cash and cash equivalents balance as of September 30, 2017, was CNY 8,031,975,197.24, down from CNY 10,269,121,580.88 at the end of the previous year[45] Shareholder Information - The number of shareholders reached 39,490 at the end of the reporting period[11] - The largest shareholder, Shanghai Yidian (Group) Co., Ltd., holds 27.49% of the shares[11] Government and Non-Operating Income - Government subsidies recognized in the current period amounted to CNY 2.30 million[9] - Non-operating income for the year-to-date reached CNY 47.15 million[9] Earnings Per Share - Basic earnings per share decreased by 82.26% to CNY 0.11[8] - The basic earnings per share for Q3 2017 was CNY 0.04, down from CNY 0.13 in Q3 2016[37] - Basic and diluted earnings per share for Q3 2017 were both CNY 0.04, down from CNY 0.11 in Q3 2016, representing a decline of 63.6%[41]