SHTD(SH:600647)2016-10-25 16:00Financial Performance - Operating revenue decreased by 54.64% to CNY 36,719,647.61 for the period from January to September compared to the same period last year[6] - Net profit attributable to shareholders increased by 14.30% to CNY 74,662,586.45 for the period from January to September compared to the same period last year[6] - The company reported a net loss of CNY 10,452,621.95 after deducting non-recurring gains and losses for the period from January to September[6] - Total revenue for the period was CNY 7,385,726.18, compared to CNY 15,961,375.42 in the previous period, showing a decline of about 53.7%[21] - Net profit for the period was CNY -1,033,123.06, compared to CNY -1,040,889.91 in the previous period, indicating a slight improvement[22] - The company reported an investment income of CNY 1,305,792.10, compared to a loss of CNY -2,418,245.53 in the previous period, indicating a recovery in investment performance[22] - Net profit for Q3 2016 was CNY 341,256.47, compared to a net loss of CNY 299,989.66 in Q3 2015, indicating a significant turnaround[26] - The company reported a total profit of CNY -422,429.17 for Q3 2016, an improvement from CNY -2,124,165.26 in Q3 2015[26] Assets and Liabilities - Total assets increased by 8.16% to CNY 589,001,377.42 compared to the end of the previous year[6] - Net assets attributable to shareholders increased by 31.52% to CNY 360,403,105.65 compared to the end of the previous year[6] - The company's total liabilities decreased to CNY 138,074,928.59 from CNY 139,681,342.22, a reduction of about 1.2%[19] - The total equity increased to CNY 347,952,296.56 from CNY 260,808,058.60, reflecting a growth of approximately 33.4%[20] - Current assets totaled CNY 282,094,992.86, up from CNY 271,500,543.54, indicating an increase of about 3.3%[19] - Non-current assets rose significantly to CNY 203,932,232.29 from CNY 128,988,857.28, reflecting a growth of approximately 58.2%[19] Cash Flow - Net cash flow from operating activities decreased by 133.57% to -CNY 3,857,904.33 for the period from January to September compared to the same period last year[6] - Cash flow from operating activities for the first nine months of 2016 was CNY 64,532,979.82, down from CNY 86,971,683.39 in the same period last year[29] - The net cash flow from operating activities for Q3 2016 was -3,857,904.33 RMB, a significant decrease compared to 11,492,183.42 RMB in the same period last year, indicating a decline of approximately 133.6%[30] - The total cash and cash equivalents at the end of Q3 2016 amounted to 184,709,254.96 RMB, down from 264,836,353.71 RMB year-over-year, a decrease of approximately 30.3%[30] - The company reported a total cash outflow from operating activities of 68,390,884.15 RMB, compared to 75,479,499.97 RMB in the previous year, showing a reduction of about 9.1%[30] Shareholder Information - The total number of shareholders reached 10,358 at the end of the reporting period[10] - The largest shareholder, Xinda Investment Co., Ltd., holds 40.68% of the shares[11] Operational Metrics - Basic and diluted earnings per share increased by 14.29% to CNY 0.5366[7] - Sales expenses decreased by 51% year-on-year, primarily due to the decline in sales volume of goods by Tongda Trading leading to reduced expenses in supermarkets.[12] - Financial expenses increased by 77% year-on-year, mainly due to a decrease in interest income from bank deposits.[12] - Operating costs for the first nine months of 2016 were CNY 534,538.08, unchanged from the same period in 2015[25] Changes in Receivables and Payables - Accounts receivable decreased by 53% compared to the beginning of the year, primarily due to the collection of receivables by subsidiary Shanghai Tongda Entrepreneurship Trading Co., Ltd.[12] - Prepayments increased by 515% compared to the beginning of the year, mainly due to increased advance payments for goods by Tongda Trading.[12] - Other receivables decreased by 74% compared to the beginning of the year, mainly due to the recovery of certain debts from Huangshan Wufu Real Estate Co., Ltd. by Tongda Trading.[12] Tax and Deferred Income - Deferred income tax liabilities increased by 288% compared to the beginning of the year, mainly due to the recognition of deferred income tax from changes in the fair value of financial assets available for sale.[12] - The company reported a tax expense of CNY -763,685.64 for Q3 2016, down from CNY -1,824,175.60 in Q3 2015[26] Investment Activities - Total cash inflow from investment activities reached 220,345,291.77 RMB, up from 176,806,594.67 RMB year-over-year, representing an increase of about 24.6%[30] - The cash inflow from investment activities included 112,284,007.75 RMB from recovering investments, which is a significant increase from 55,000,000.00 RMB year-over-year, marking a growth of approximately 104.1%[33] - The company paid 156,900,000.00 RMB for investments, a substantial increase from 20,000,000.00 RMB in the previous year, indicating an increase of 684.5%[33]