BHCC(SH:600800)2016-10-26 16:00Financial Performance - Net profit attributable to shareholders decreased by 46.20% to CNY 47,869,286.88 compared to the end of the previous year[6] - Net profit attributable to shareholders was CNY -41,075,214.05 for the period from January to September, compared to CNY -10,580,792.50 in the same period last year[6] - The weighted average return on equity was -66.41%, down from -10.05% in the previous year[6] - Basic earnings per share were CNY -0.0672, compared to CNY -0.0172 in the same period last year[6] - The total comprehensive income for the first nine months of 2016 was a loss of ¥45,047,337.25, compared to a profit of ¥43,170,601.47 in the same period of 2015[28] - The net profit attributable to the parent company for Q3 2016 was a loss of ¥4,727,342.47, compared to a loss of ¥9,630,186.76 in Q3 2015, showing an improvement of 50.9%[26] - The company's operating profit for the first nine months of 2016 was a loss of ¥47,290,970.74, compared to a loss of ¥40,564,139.30 in the same period of 2015[27] Revenue and Costs - Operating revenue increased by 10.55% to CNY 93,738,913.03 for the period from January to September[6] - Total revenue for Q3 2016 was CNY 33,214,396.34, an increase of 4.76% compared to CNY 31,701,454.55 in Q3 2015[24] - Total operating costs for Q3 2016 were CNY 40,516,240.15, a decrease of 4.29% from CNY 42,332,648.06 in Q3 2015[24] - The company reported operating costs of ¥26,907,781.31 for Q3 2016, up from ¥23,165,267.40 in Q3 2015, reflecting an increase of 11.9%[27] Assets and Liabilities - Total assets decreased by 5.18% to CNY 610,677,505.39 compared to the end of the previous year[6] - The company’s total assets decreased from CNY 644,064,267.26 at the beginning of the year to CNY 610,677,505.39 by the end of the reporting period[17] - Total liabilities increased to CNY 591,955,352.91 from CNY 582,501,771.11 year-over-year[19] - The company reported a total equity of CNY 18,722,152.48, down from CNY 61,562,496.15 year-over-year[19] Cash Flow - Cash flow from operating activities was CNY -75,428,217.78 for the period from January to September, an improvement from CNY -94,136,781.09 in the same period last year[6] - Operating cash inflow for the period (January to September) was CNY 88,626,625.63, a decrease of 6.4% compared to CNY 94,290,446.84 in the same period last year[30] - Cash received from other operating activities was CNY 9,207,593.99, an increase of 20.8% from CNY 7,622,119.34 last year[30] - Cash paid for employee compensation was CNY 58,171,795.12, up 12.7% from CNY 51,535,346.87 in the previous year[30] - Cash paid for taxes decreased significantly to CNY 8,194,574.86 from CNY 26,045,272.03 year-over-year[30] Shareholder Information - The total number of shareholders was 66,162 at the end of the reporting period[9] - The largest shareholder, Tianjin Global Magnetic Card Group Co., Ltd., held 27.74% of the shares, with 15,000,000 shares frozen[9] - The company’s largest shareholder, Tianjin Global Magnetic Card Group, increased its stake by 1,501,000 shares, representing 0.2456% of the total share capital[14] - The company has committed to not reducing its shareholding for six months following the completion of the share increase plan[14] Other Financial Metrics - Non-recurring gains and losses amounted to CNY 2,230,244.14 for the period from January to September[8] - Investment income decreased by CNY 3,290,477.94, a decline of 158.99%, resulting from reduced profits from equity method accounted companies[10] - Non-operating income fell by CNY 26,607,179.45, an 85.69% decrease, due to a reduction in gains from debt restructuring[10] - The company incurred financial expenses of ¥55,093.49 in Q3 2016, compared to ¥6,306.87 in Q3 2015, indicating a significant increase in financial costs[27] Inventory and Receivables - The company reported a significant increase in notes receivable, reaching CNY 1,100,000, representing a 100% increase compared to the previous period[10] - Accounts receivable rose to CNY 103,002,739.68, up from CNY 89,370,333.56 at the start of the year, indicating improved sales[20] - The company’s inventory increased slightly to CNY 33,496,968.16 from CNY 32,516,903.41 at the beginning of the year[20] Future Plans - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[24]