SG(SH:600734)2015-10-30 16:00Financial Performance - Operating revenue surged by 461.02% to CNY 76,466,066.58 for the first nine months compared to the same period last year[7] - Net profit attributable to shareholders improved by 9.58% to a loss of CNY 32,268,230.13 compared to the same period last year[7] - Basic and diluted earnings per share improved by 9.56% to a loss of CNY 0.0918 per share compared to the same period last year[7] - Operating revenue for the third quarter reached ¥21,550,384.82, a significant increase from ¥3,544,704.88 in the same period last year[28] - The company reported a net loss of ¥488,905,800.91, worsening from a loss of ¥456,637,570.78 in the previous period[22] - The company reported a net loss of CNY 17,531,323.64 for Q3 2015, compared to a net loss of CNY 22,539,031.07 in the same period last year, indicating a 22.3% improvement year-over-year[29] - The total comprehensive loss for Q3 2015 was CNY 3,479,469.50, compared to a loss of CNY 2,988,155.15 in the same quarter last year[34] - The company reported a total operating loss of CNY 10,772,263.96 for the first nine months of 2015, contrasting with a profit of CNY 1,674,486.02 in the same period last year[34] Assets and Liabilities - Total assets increased by 9.67% to CNY 1,728,095,461.44 compared to the end of the previous year[7] - Total liabilities rose to ¥1,668,561,076.65 compared to ¥1,464,458,533.12, an increase of about 13.9%[22] - Total equity decreased to ¥59,534,384.79 from ¥111,232,968.26, a decline of approximately 46.5%[22] - Accounts receivable increased by 67.04% to ¥1,856,968.50 due to an increase in real estate receivables[11] - Other current assets surged by 674.51% to ¥8,243,430.23, attributed to increased prepaid taxes in real estate[11] - Fixed assets rose by 501.78% to ¥61,888,303.78 as construction projects were transferred to fixed assets[11] - The total non-current assets amounted to ¥175,732,566.99, up from ¥170,426,472.47, indicating a growth of about 3.5%[25] Cash Flow - Net cash flow from operating activities increased by 63.51% to a negative CNY 53,464,306.37 for the first nine months compared to the same period last year[7] - Operating cash inflow for the year-to-date period reached ¥216,178,263.85, an increase of 32.1% compared to ¥163,631,219.68 in the same period last year[35] - Net cash flow from operating activities was -¥53,464,306.37, an improvement from -¥146,515,390.90 year-over-year[36] - Cash inflow from financing activities totaled ¥162,116,205.00, down 41.5% from ¥277,227,953.85 in the previous year[36] - Cash outflow for financing activities was ¥116,478,395.35, a decrease of 10.6% compared to ¥130,299,948.78 last year[36] - The net increase in cash and cash equivalents was -¥10,862,534.61, slightly worse than -¥10,228,525.83 from the previous year[36] - Cash and cash equivalents at the end of the period stood at ¥6,660,811.11, up from ¥4,232,605.74 year-over-year[36] - The company reported a net cash flow from investment activities of -¥3,036,037.89, an improvement from -¥10,641,140.00 last year[36] Shareholder Information - The total number of shareholders reached 37,488 by the end of the reporting period[8] - The largest shareholder, Beijing Angzhan Real Estate, holds 22.51% of the shares, amounting to 79,122,586 shares[8] Financial Restructuring - The company anticipates potential losses for 2015 if the ongoing major asset restructuring does not receive regulatory approval[17] - The company is undergoing a major asset sale and related transactions, pending approval from the China Securities Regulatory Commission[13] Financial Expenses - The company’s financial expenses decreased by 46.54% to ¥24,132,695.51, reflecting reduced financing costs[11] - The financial expenses for Q3 2015 amounted to CNY 107.74, a decrease from CNY 1,675.51 in Q3 2014[33]