QJCT(SH:600706)2017-10-26 16:00Financial Performance - Operating revenue for the first nine months of 2017 was CNY 803,557,361.70, representing a year-on-year growth of 10.71%[5] - Net profit attributable to shareholders for the same period was CNY 79,638,832.68, up 20.50% compared to the previous year[5] - Basic earnings per share for the period were CNY 0.44, an increase of 18.92% compared to CNY 0.37 in the previous year[5] - The company reported a total profit of ¥93,413,806.24 for the first nine months, an increase of 13.3% from ¥82,482,110.73 in the previous year[35] - The net profit for the third quarter was ¥29,504,598.81, an increase of 24.1% from ¥23,797,855.70 in the same quarter last year[35] - Operating profit for the third quarter was ¥34,404,188.50, representing a 61.2% increase from ¥21,319,533.86 in the same quarter last year[35] Assets and Liabilities - Total assets as of September 30, 2017, amounted to CNY 1,818,752,763.66, an increase of 2.20% compared to the beginning of the year[5] - The company's current assets totaled CNY 767,415,281.49, compared to CNY 731,513,185.41 at the beginning of the year, reflecting a growth of approximately 4.5%[29] - The company's total liabilities decreased from CNY 892,328,704.07 to CNY 851,505,363.72, a reduction of approximately 4.6%[30] - Total liabilities decreased from CNY 892,328,704.07 to CNY 851,505,363.72, a reduction of approximately 4.6%[30] - The company’s total liabilities decreased by 53.04% to ¥19,355,159.79, mainly due to loan repayments[12] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 85,454,840.99, an increase of 31.94% year-on-year[5] - The total cash inflow from operating activities for the first nine months of 2017 was CNY 859,052,155.41, an increase of 13.7% compared to CNY 755,739,170.92 in the same period last year[37] - The cash outflow for purchasing goods and services was CNY 454,539,830.89, which represents a 31.4% increase from CNY 345,886,350.68 in the previous year[37] - The net cash flow from investment activities was -CNY 82,233,526.62, worsening from -CNY 75,953,669.51 in the same period last year[37] - The cash inflow from financing activities was CNY 60,000,000.00, a decrease of 70% compared to CNY 200,000,000.00 in the previous year[37] Shareholder Information - As of the end of the reporting period, the total number of shareholders was 16,591[9] - The largest shareholder, Xi'an Qujiang Tourism Investment (Group) Co., Ltd., held 51.66% of the shares, with 46,088,100 shares pledged[9] Investment and Other Income - The company reported non-operating income of CNY 4,179,687.88 for the period[7] - Investment income rose significantly by 506.32% to ¥409,304.73, attributed to increased returns from financial products[12] - The company reported a 90.60% decrease in non-operating income to ¥1,097,560.49, primarily due to reduced government subsidies[12] Legal and Compliance - The company is currently involved in a legal dispute with a subsidiary, which may impact its financials, with an estimated liability of CNY 416.13 million[20] - The company has not faced any administrative penalties or investigations related to cultural heritage protection laws during the reporting period[24] - There were no overdue loans reported during the reporting period, indicating a stable financial position[24] Changes in Expenses - Sales expenses increased to ¥43,701,562.98 for the first nine months, up 19.9% from ¥36,441,119.41 in the same period last year[35] - Management expenses decreased to ¥86,842,398.86, down 11.4% from ¥97,961,333.78 year-on-year[35]