SCSF(SH:600779)2015-10-29 16:00Financial Performance - Net profit attributable to shareholders reached CNY 70,797,597.91, a significant recovery from a loss of CNY 139,910,171.35 in the same period last year[7] - Operating revenue surged by 122.42% to CNY 618,910,683.15 compared to CNY 278,259,884.19 in the previous year[7] - Net cash flow from operating activities was CNY 173,346,380.55, a turnaround from a negative cash flow of CNY 90,875,920.18 in the same period last year[7] - The weighted average return on equity improved to 5.70% from -9.00% year-on-year[7] - Basic earnings per share increased to CNY 0.145 from a loss of CNY 0.286 in the same period last year[7] - The company reported a net profit of CNY 34,036,823.67, recovering from a loss of CNY 36,760,774.22 at the beginning of the year[28] - The company's total profit for the first nine months of 2015 was ¥9,127,961.37, recovering from a loss of ¥7,484,967.46 in the same period last year[38] Assets and Liabilities - Total assets increased by 8.12% to CNY 1,753,835,818.18 compared to the end of the previous year[7] - The company's current assets reached CNY 1,128,623,698.92, up from CNY 978,545,259.32 at the start of the year, indicating an increase of about 15.3%[26] - The total liabilities were reported at CNY 477,104,552.41, compared to CNY 416,219,470.78 at the beginning of the year, representing an increase of approximately 14.6%[28] - The total equity attributable to shareholders increased to CNY 1,276,731,265.77 from CNY 1,205,933,667.88, showing a growth of about 5.9%[28] - The company's cash and cash equivalents rose to CNY 290,477,274.72 from CNY 108,295,402.01, marking a significant increase of about 168.5%[26] - Inventory levels decreased to CNY 737,258,250.21 from CNY 776,387,232.70, reflecting a decline of approximately 5.0%[26] Shareholder Information - The total number of shareholders reached 35,686, indicating a stable shareholder base[11] - The largest shareholder, Sichuan Chengdu Shuijingfang Group Co., Ltd., holds 39.71% of the shares[11] Government and Non-Operating Income - Government subsidies recognized during the period amounted to CNY 4,803,790.28, contributing positively to the financial results[9] - Non-operating income and expenses showed a net gain of CNY 126,148.88 for the period[10] Project Developments - The company decided to terminate the Qionglai project due to significant market changes and challenges in the liquor industry, ceasing further investments[16] - The company has completed the reclamation of part of the land for the Qionglai project, returning 644.25 acres to the local government[17] Cost and Expense Management - The company experienced a 104.06% increase in business taxes and surcharges, amounting to ¥76,503,180.91, driven by higher sales volume[14] - The company reported a significant increase in sales expenses, which totaled ¥67,974,748.53 in Q3 2015, compared to ¥64,127,038.05 in Q3 2014[35] - The cash outflow for purchasing goods and services was ¥64,801,707.38, down from ¥79,615,673.12 in the previous year, reflecting improved cost management[40] - The cash outflow for employee compensation was ¥122,133,840.58, which increased slightly from ¥116,572,509.56 in the previous year[40] Cash Flow Analysis - The cash inflow from sales of goods and services reached ¥612,357,385.70, a significant increase of 98.7% compared to ¥308,285,175.85 in the same period last year[40] - The total cash inflow from operating activities amounted to ¥627,431,521.22, compared to ¥318,498,076.19 in the previous year, marking a 96.8% increase[40] - The ending cash and cash equivalents balance was ¥289,877,453.87, a significant increase from ¥112,811,685.92 at the end of the same period last year[41] - The cash inflow from the disposal of fixed assets was ¥25,588,862.89, a notable increase from ¥3,532,497.42 in the previous year[41] - The cash flow from financing activities resulted in a net outflow of ¥10,937,367.27, with no new borrowings reported during the period[41] Profitability Metrics - The gross profit margin for Q3 2015 was approximately 13.5%, compared to 10.0% in Q3 2014, indicating improved profitability[34] - The company achieved a gross profit margin of approximately 48.1% in Q3 2015, compared to 42.5% in Q3 2014[37] - The operating profit for Q3 2015 was ¥30,984,239.46, a recovery from an operating loss of ¥17,778,962.16 in Q3 2014[35] - The operating profit for Q3 2015 was ¥9,597,811.33, compared to a loss of ¥11,114,879.37 in Q3 2014[37] Taxation - The company reported a net profit tax expense of ¥36,877,470.36 for the first nine months of 2015, an increase of ¥59,424,707.37 compared to a negative tax expense in 2014[14] - The company reported a tax expense of ¥2,530,666.14 for Q3 2015, compared to a tax benefit of ¥1,711,992.30 in Q3 2014[38] Asset Impairment - The company recorded an asset impairment loss of ¥10,151,242.03, an increase of 80.51% compared to the previous year, mainly due to changes in inventory valuation[14] - The total assets impairment loss for Q3 2015 was ¥2,049,208.42, slightly down from ¥2,134,596.54 in Q3 2014[37]