SHTD(SH:600647)2018-10-26 16:00Financial Performance - Net profit attributable to shareholders decreased by 394.96% to CNY -33,042,189.43 for the first nine months[6] - Operating revenue for the first nine months decreased by 16.10% to CNY 17,450,746.05 compared to the same period last year[6] - Basic and diluted earnings per share were both CNY -0.2375, a decrease of 395.03%[7] - The company's cumulative net profit for the year is expected to be a loss compared to the previous year, primarily due to the absence of equity transfer investment income this period.[13] - The company reported a total profit loss of CNY 9,291,499.52 for Q3 2018, compared to a loss of CNY 1,533,775.19 in Q3 2017[25] - Net loss for Q3 2018 was CNY 14,995,393.71, compared to a net loss of CNY 2,385,340.91 in Q3 2017[25] - The total comprehensive income for the first nine months of 2018 was CNY -30,651,484.99, compared to CNY 16,874,921.59 in the same period last year, underscoring a drastic decline in overall financial health[30] Assets and Liabilities - Total assets decreased by 9.06% to CNY 501,039,615.32 compared to the end of the previous year[6] - The total assets decreased from 550.98 million yuan at the beginning of the year to 501.04 million yuan at the end of the period.[17] - The total liabilities decreased from 187.74 million yuan at the beginning of the year to 175.65 million yuan at the end of the period.[18] - Total assets decreased to CNY 421,265,062.79 from CNY 463,388,049.18 year-over-year[22] - Total liabilities decreased to CNY 136,262,291.10 from CNY 140,776,615.00 year-over-year[22] - Shareholders' equity decreased to CNY 285,002,771.69 from CNY 322,611,434.18 year-over-year[22] Cash Flow - Net cash flow from operating activities for the first nine months was CNY -4,579,038.73, an improvement from CNY -16,075,202.80 in the previous year[6] - Cash flow from operating activities for the first nine months of 2018 was CNY 8,730,852.00, a significant decrease from CNY 23,480,816.68 in the same period last year[32] - The net cash flow from operating activities for Q3 2018 was -4,579,038.73 RMB, compared to -16,075,202.80 RMB in the same period last year, indicating an improvement[33] - The company experienced a significant decrease in cash flow from operating activities, with a net cash flow of -4,342,382.16 RMB for the first nine months of 2018 compared to -12,059,018.14 RMB in the previous year[35] - The cash flow from financing activities for the first nine months resulted in a net outflow of -6,957,177.50 RMB, reflecting a decrease in cash available for operations[36] Investment and Income - Investment income decreased by 98% year-on-year, primarily due to the gain from the disposal of equity in Zhongtou Vision in the previous year.[12] - The company recorded an investment income of CNY 202,466.53 for Q3 2018, down from CNY 1,692,661.56 in the same period last year[24] - The company reported a significant increase in asset impairment losses to CNY 20,610.36 in Q3 2018 from CNY 3,287.90 in Q3 2017, indicating potential issues with asset quality[29] - The cash inflow from investment activities for the first nine months of 2018 was 210,832,749.89 RMB, with cash outflow of 139,155,060.91 RMB, leading to a net cash flow of 74,177,825.23 RMB[35] - The total cash inflow from investment activities for the first nine months was 263,070,192.78 RMB, while cash outflow was 199,124,825.51 RMB, resulting in a net cash flow of 63,945,367.27 RMB[36] Shareholder Information - The total number of shareholders was 11,622 at the end of the reporting period[10] - The largest shareholder, Xinda Investment Co., Ltd., held 40.68% of the shares[11] Operational Efficiency - Operating costs decreased by 32% year-on-year, primarily due to a decline in sales revenue from Tongda Trading.[12] - Tax expenses decreased by 75% year-on-year, mainly due to a reduction in land value-added tax provisions by Guangzhou Deyu.[12] - Operating profit for Q3 2018 was a loss of CNY 7,543,144.83, compared to a loss of CNY 187,112.81 in Q3 2017, indicating worsening operational efficiency[29] - Other income for Q3 2018 was CNY 121,296.47, while other expenses were CNY -7,339.79[25] Government Support - The company received government subsidies amounting to CNY 5,169,395.00, primarily from the Pudong New Area financial support[9] Product Development - The company has not disclosed any new product developments or market expansion strategies in this report[6]