Shede Spirits (SH:600702)2015-10-26 16:00Financial Performance - Operating revenue decreased by 20.69% to CNY 815,916,905.58 for the first nine months compared to the same period last year[7] - Net profit attributable to shareholders decreased by 34.98% to CNY 3,951,003.65 for the first nine months compared to the same period last year[7] - Basic and diluted earnings per share decreased by 35.00% to CNY 0.0117 compared to the same period last year[7] - The weighted average return on equity decreased by 0.09 percentage points to 0.18%[7] - Total revenue for the third quarter was ¥188,720,832.48, a decrease of 36.7% compared to ¥297,610,785.57 in the same period last year[23] - The company's operating revenue for Q3 2015 was ¥165,110,760.52, a decrease of 49.6% compared to ¥327,882,782.65 in the same period last year[26] - The net profit for Q3 2015 was -¥19,329,091.28, compared to -¥17,765,123.50 in Q3 2014, indicating a worsening performance year-over-year[28] - The total comprehensive income for Q3 2015 was -¥19,329,091.28, reflecting a decline from -¥17,765,123.50 in the previous year[28] Cash Flow - Net cash flow from operating activities improved significantly, with a net inflow of CNY 12,092,741.46 compared to a net outflow of CNY 61,499,778.17 in the same period last year, representing a 119.66% increase[7] - Operating cash flow improved significantly, with a net cash flow from operating activities of ¥12,092,741.46, a turnaround from a negative cash flow of -¥61,499,778.17[11] - Cash flow from operating activities for the first nine months of 2015 was ¥953,487,974.01, down from ¥1,086,705,442.84 in the same period last year[29] - Total cash inflow from operating activities for the first nine months of 2015 was ¥649,788,490.57, slightly up from ¥645,199,190.74 in the same period last year[32] - The company reported a net cash flow from operating activities of -¥225,163,220.08 for the first nine months of 2015, a decline from a positive cash flow of ¥28,274,264.56 in the previous year[32] Assets and Liabilities - Total assets increased by 4.70% to CNY 3,851,676,608.45 compared to the end of the previous year[7] - Cash and cash equivalents increased by 43.47% to ¥409,977,182.19 from ¥285,755,530.13 due to an increase in bank deposits[11] - Accounts receivable rose by 43.28% to ¥60,215,672.23 from ¥42,027,943.35, primarily due to increased credit sales to reputable old customers[11] - Short-term borrowings increased by 30.17% to ¥743,000,000.00 from ¥570,800,000.00, mainly due to an increase in working capital loans[11] - The total assets increased to ¥3,851,676,608.45 from ¥3,678,835,910.16, reflecting a growth in both current and non-current assets[16] - The total liabilities increased to ¥1,609,020,928.61 from ¥1,433,385,233.97, primarily due to an increase in short-term borrowings[17] - Total liabilities reached ¥1,516,599,591.00, compared to ¥1,395,380,124.65 at the beginning of the year[21] - Owner's equity increased to ¥2,054,730,279.98, up from ¥2,023,165,144.70 at the start of the year[21] Shareholder Information - The total number of shareholders reached 39,379 at the end of the reporting period[9] - The largest shareholder, Sichuan Tuopai Shede Group Co., Ltd., holds 29.85% of the shares[9] Government Subsidies and Other Income - Government subsidies recognized in the current period amounted to CNY 1,127,227.00 for the third quarter[8] - Other operating income and expenses totaled CNY 2,042,431.97 for the third quarter[8] - Other income surged by 234.01% to ¥4,026,926.77 from ¥1,205,634.81, mainly due to government subsidies and increased penalties for counterfeit goods[11] Inventory and Prepayments - Inventory increased to ¥2,036,670,080.88, a rise of 7.8% from ¥1,889,671,493.54 at the beginning of the year[20] - Prepayments increased by 48.10% to ¥663,683.10 from ¥448,126.45, mainly for equipment payments related to the pharmaceutical expansion project[11]