TIBET TOURISM(SH:600749)2015-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 124,105,803.32, down 13.38% year-on-year[6] - Net profit attributable to shareholders of the listed company was a loss of CNY 38,653,946.14, compared to a profit of CNY 2,455,009.77 in the same period last year[7] - Basic earnings per share were -CNY 0.1730, a decrease of 2,289.87% compared to the previous year[7] - Total operating revenue for Q3 2015 was CNY 79,920,676.23, a decrease of 12.2% compared to CNY 90,920,789.80 in Q3 2014[34] - Net profit attributable to the parent company for Q3 2015 was CNY 8,530,117.94, compared to CNY 16,878,047.82 in Q3 2014, reflecting a decline of 49.6%[35] - Year-to-date revenue (January to September 2015) was CNY 91,480,589.76, compared to CNY 99,259,098.22 for the same period in 2014, reflecting a decline of 7.8%[38] - Year-to-date net profit for 2015 was CNY -30,279,918.67, compared to CNY 1,562,389.16 in 2014, indicating a significant loss[39] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,306,971,454.91, a decrease of 2.21% compared to the end of the previous year[6] - The company's total liabilities amounted to CNY 700,554,550.24, slightly up from CNY 696,702,871.12, indicating a marginal increase[27] - The company's equity attributable to shareholders decreased to CNY 596,675,882.03 from CNY 629,387,414.41, a decline of approximately 5.2%[28] - Total assets as of September 30, 2015, amounted to CNY 1,401,174,539.84, a decrease from CNY 1,421,414,225.02 at the beginning of the year[31] - Total liabilities increased to CNY 818,067,689.97 from CNY 808,027,456.48 at the start of the year[31] Cash Flow - The net cash flow from operating activities increased significantly to CNY 50,283,317.54, up 885.15% year-on-year[6] - Cash flow from operating activities for the first nine months of 2015 was CNY 145,478,228.13, up from CNY 130,783,028.59 in the same period of 2014, an increase of 11.2%[40] - Operating cash inflow totaled CNY 167,852,356.67, an increase from CNY 138,863,742.71 in the previous year, reflecting a growth of approximately 20.9%[41] - Cash inflow from financing activities amounted to CNY 76,090,000.00, down from CNY 166,200,000.00, representing a decline of approximately 54.3%[42] - The ending cash and cash equivalents balance was CNY 23,326,246.64, compared to CNY 49,224,587.77 at the end of the previous year, reflecting a decrease of about 52.7%[42] Shareholder Information - The total number of shareholders at the end of the reporting period was 48,656[10] - As of September 8-9, 2015, shareholders Hu Bo and Hu Biao collectively held 18,913,926 shares, accounting for 10% of the total share capital[16] Operational Insights - The company experienced a significant increase in cash flow from operations, indicating improved liquidity despite the decline in revenue[6] - The company is currently focusing on market expansion and new product development strategies to improve future performance[34] - The company reported an investment loss of CNY -1,070,000.00 in Q3 2015, indicating challenges in its investment portfolio[38] Cost and Expense Analysis - Sales expenses rose by 71.32% to RMB 17,248,178.15 from RMB 10,067,654.18, attributed to increased channel maintenance costs[14] - Financial expenses surged by 160.01% to RMB 16,491,035.94 from RMB 6,342,361.53 due to the capitalization of interest stopping after the scenic hotel was completed[14] - Operating costs for Q3 2015 increased to CNY 24,399,828.94 from CNY 21,501,776.97 in Q3 2014, representing a rise of 13.9%[38]