JSZY(SH:600770)2015-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 390,123,101.04, down 18.78% year-on-year[6] - Net profit attributable to shareholders was CNY 23,703,612.06, an increase of 21.56% compared to the same period last year[6] - The net profit excluding non-recurring gains and losses was CNY 25,407,639.97, an increase of 43.36% year-on-year[6] - Total operating revenue for Q3 2015 was ¥109,364,723.09, a decrease of 36.1% compared to ¥171,227,833.93 in Q3 2014[28] - Net profit for Q3 2015 was ¥5,857,480.54, compared to a net profit of ¥31,062,912.11 in Q3 2014, indicating a decline of 81.1%[30] - The company reported a total profit of ¥13,196,812.55 for Q3 2015, down from ¥54,285,292.45 in Q3 2014, a decline of 75.7%[30] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 32,143,547.20, a decrease of 13.50% year-on-year[6] - Cash flow from investment activities worsened by 39.16%, from CNY -425,306,726.42 to CNY -591,846,403.83 due to increased investments by Jiangsu Gaotou[12] - The cash flow from operating activities generated a net cash inflow of CNY 32,143,547.20, down from CNY 37,159,335.75 in the previous year[36] - The company reported a net cash outflow from investing activities of CNY 591,846,403.83, compared to a loss of CNY 425,306,726.42 in the same period last year[36] - Total cash outflow for operating activities was $297,359,592.06, down from $328,750,070.54 year-over-year[39] - Total cash outflow for investment activities was $60,255,750.00, a significant decrease from $480,514,597.25 in the previous year[39] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,406,533,132.15, a decrease of 2.47% compared to the end of the previous year[6] - Total current assets decreased from CNY 2,301,587,031.20 at the beginning of the year to CNY 1,880,735,768.91, a decline of approximately 18.3%[20] - Total non-current assets increased from CNY 4,267,226,324.92 to CNY 4,525,797,363.24, an increase of about 6.1%[21] - Total liabilities rose from CNY 2,047,091,753.52 to CNY 1,782,784,387.78, a decrease of approximately 13.0%[22] - Total equity increased from CNY 4,521,721,602.60 to CNY 4,623,748,744.37, reflecting an increase of about 2.2%[22] Shareholder Information - The total number of shareholders at the end of the reporting period was 72,199[9] - The largest shareholder, Nantong Zongyi Investment Co., Ltd., held 321,323,958 shares, accounting for 24.72% of the total shares[9] Expenses - Management expenses increased by 56.96% from CNY 96,632,347.03 to CNY 151,674,293.27 attributed to the expansion of internet lottery and mobile game operations[12] - Operating tax and additional charges increased by 98.46% from CNY 2,150,711.69 to CNY 4,268,270.36 due to growth in internet lottery and mobile game businesses[12] - The company incurred financial expenses of CNY 48,812,784.89 for the first three quarters, down from CNY 57,367,512.69 in the previous year[32] Investments - Investment income rose by 42.13% from CNY 129,285,738.42 to CNY 183,758,497.31 primarily due to increased investment returns from Jiangsu Gaotou[12] - The company received government subsidies amounting to CNY 3,919,719.67 during the first nine months[7] - The company reported an investment loss of ¥7,196,862.47 in Q3 2015, contrasting with a gain of ¥45,187,739.85 in Q3 2014[29] Other Financial Metrics - The weighted average return on net assets increased by 0.02 percentage points to 0.69%[7] - The company reported a basic earnings per share of CNY 0.02, unchanged from the previous year[7] - Basic earnings per share for Q3 2015 were ¥0.0002, compared to ¥0.01 in Q3 2014[31] - The company experienced a significant increase in other comprehensive income, totaling ¥21,956,025.30 for Q3 2015, compared to a loss of ¥59,536,302.59 in Q3 2014[30] Operational Insights - The company is actively monitoring policy changes regarding internet lottery sales and aims to strengthen its position for future opportunities[13] - The company is in discussions regarding performance compensation for subsidiaries that did not meet profit commitments due to industry regulations[14]