CRCH(SH:600636)2018-10-29 16:00Financial Performance - Operating revenue for the first nine months was ¥1,349,110,119.02, a decrease of 67.51% year-on-year[8] - Net profit attributable to shareholders increased by 350.63% to ¥543,670,219.67 compared to the same period last year[8] - The company reported a significant increase in other receivables from CNY 6,054,206.55 to CNY 29,531,977.02, an increase of about 387.5%[20] - Total revenue for Q3 2018 reached ¥440,541,952.13, a decrease from ¥1,269,531,973.92 in the same period last year[27] - Net profit for Q3 2018 was ¥304,106,199.95, up from ¥42,601,005.62 in Q3 2017, showing a substantial increase in profitability[30] - Total comprehensive income for the first nine months of 2018 was CNY 1.84 billion, a significant recovery from a loss of CNY 174.0 million in the same period last year[35] Assets and Liabilities - Total assets decreased by 53.07% compared to the end of the previous year, amounting to ¥3,443,512,658.07[7] - Current assets decreased from CNY 5,408,025,911.31 at the beginning of the year to CNY 1,478,368,631.74, a reduction of approximately 72.7%[20] - Total liabilities decreased from CNY 4,123,607,626.17 to CNY 292,987,911.93, a reduction of approximately 92.9%[22] - The company reported a total asset value of ¥3,048,287,295.59 as of the end of Q3 2018[26] Cash Flow - Cash flow from operating activities showed a significant decline, with a negative cash flow of ¥207,990,638.05, worsening by 295.10% compared to the previous year[7] - Cash flow from operating activities for the first nine months of 2018 was negative CNY 208.0 million, compared to negative CNY 52.6 million in the same period last year, indicating worsening cash flow[37] - The cash flow from investment activities showed a net inflow of 964,609,368.29 RMB, compared to a net outflow of -19,800,640.87 RMB in the previous period[41] Shareholder Information - The total number of shareholders at the end of the reporting period was 36,566[13] - The largest shareholder, China Cultural Industry Development Group Co., Ltd., holds 24.66% of the shares[13] - The equity attributable to shareholders was ¥304,043,993.98 for Q3 2018, compared to ¥15,447,695.68 in Q3 2017, indicating growth in shareholder value[30] Operational Metrics - The weighted average return on net assets rose by 14.68 percentage points to 19.43%[8] - Operating costs decreased by 67.99% to RMB 1,107,759,457.34 from RMB 3,460,175,696.57, in line with reduced revenue[16] - Research and development expenses for the year-to-date were ¥30,701,363.58, compared to ¥117,679,923.42 in the previous year, suggesting a decrease in investment in R&D[28] Investment Activities - Investment activities generated a net cash flow of RMB 676,585,900.48, a significant improvement compared to -RMB 323,651,374.53 in the previous period[17] - The company has ongoing investments in construction projects, with capitalized costs rising from CNY 38,299,838.09 to CNY 97,186,655.22[20] - The company received 2,251,503,193.14 RMB from investment recoveries during the reporting period[41] Changes in Financial Position - Accounts receivable increased by 76.49% to RMB 227,807,173.36 from RMB 129,078,171.59 due to asset disposal[15] - Prepayments rose by 142.52% to RMB 30,213,164.44 from RMB 12,457,950.16, attributed to increased advance payments for goods[16] - Inventory decreased by 37.02% to RMB 153,116,245.11 from RMB 243,137,401.57, reflecting normal sales[16]