SCGS(SH:600678)2017-10-30 16:00Financial Performance - Operating revenue for the first nine months was ¥110,625,308.42, representing a significant increase of 90.93% year-on-year[7] - The company reported a net loss attributable to shareholders of ¥308,175.46 for the first nine months, compared to a loss of ¥22,103,926.07 in the same period last year[7] - The net loss for the current period was ¥582,400.84, a reduction in loss of ¥23,356,125.02 or 97.57% compared to the previous year, indicating improved financial performance despite ongoing challenges.[22] - Total operating revenue for Q3 2017 was CNY 30,740,599.46, an increase from CNY 21,336,904.25 in Q3 2016, representing a growth of approximately 44.9%[45] - The company reported a net loss of ¥685,908,290.59, slightly worsening from a loss of ¥685,330,858.49 in the previous period[35] - The company recorded a total profit of CNY 4,881,402.93 for Q3 2017, a recovery from a loss of CNY 6,374,036.62 in Q3 2016[45] Cash Flow - Net cash flow from operating activities for the first nine months was ¥6,562,672.92, up 141.17% compared to the same period last year[7] - Cash received from sales and services was ¥83,523,206.71, an increase of ¥42,374,039.79 or 102.98% compared to the previous year, driven by higher sales volume and prices of limestone and calcium oxide products.[22] - Cash inflow from operating activities for the first nine months was 86,943,350.95 RMB, an increase of 79.8% from 48,388,598.27 RMB in the previous year[49] - Cash outflow for investing activities was 1,272,735.18 RMB, significantly reduced from 9,961,102.19 RMB in the previous year[49] - Cash inflow from financing activities totaled 313,900,000.00 RMB, down from 417,900,000.00 RMB in the same period last year[50] - The company experienced a net increase in cash and cash equivalents of $1,771,539.12 during Q3 2017[53] Assets and Liabilities - Total assets at the end of the reporting period reached ¥351,289,488.47, an increase of 1.91% compared to the end of the previous year[7] - The total number of shareholders at the end of the reporting period was 42,946[11] - The company's total current assets increased to ¥47,633,407.86 from ¥31,727,560.69, reflecting a growth of approximately 50.1%[33] - Current liabilities totaled ¥346,480,135.91, a substantial increase from ¥48,407,719.62 at the beginning of the year, reflecting a rise of approximately 616.5%[39] - The company's total liabilities amounted to ¥347,564,635.91, compared to ¥340,875,319.62 at the beginning of the year, marking an increase of approximately 2.0%[39] Shareholder Information - The largest shareholder, Shenzhen Pusuzhichun Investment Enterprise, held 20.50% of the shares, totaling 71,553,484 shares[11] - The owner's equity decreased to ¥4,276,411.21 from ¥6,555,391.20, indicating a decline of about 34.7%[39] Operational Highlights - The company's operating revenue for the current period reached ¥110,625,308.42, an increase of ¥52,684,878.73 or 90.93% compared to the same period last year, primarily due to increased sales volume and price of limestone and calcium oxide products, along with the consolidation of Shenzhen Yinxun Technology Co., Ltd.[21] - Operating costs amounted to ¥85,606,633.64, reflecting an increase of ¥31,337,209.56 or 57.74% year-over-year, driven by higher sales volume of calcium oxide products and the consolidation of Shenzhen Yinxun Technology Co., Ltd.[21] - The company is actively pursuing business operations through its subsidiaries, which are expected to contribute to increased revenue and net profit[29] Legal Matters - The company has engaged professional lawyers to handle ongoing litigation cases to protect its legal rights[25] - The company is currently involved in multiple legal disputes, which are in various stages of litigation[27]