SDICZL(SH:600962)2016-10-27 16:00Financial Performance - Net profit attributable to shareholders increased by 13.61% to CNY 3,517,110.96 for the period from January to September[6] - Operating revenue decreased by 4.39% to CNY 656,813,273.06 for the period from January to September[6] - Cash flow from operating activities showed a slight decrease of 0.31% to CNY 363,392,529.05 for the period from January to September[6] - The weighted average return on net assets increased by 0.04 percentage points to 0.43%[7] - Basic and diluted earnings per share increased by 8.33% to CNY 0.013[7] - The company reported a net loss of CNY 7,349,834.83, improving from a loss of CNY 10,866,945.79 in the previous period[25] - Year-to-date net profit as of September 2016 was a loss of ¥2,060,218.10, compared to a loss of ¥1,614,965.28 in the same period last year[33] - The net profit for Q3 2016 was a loss of ¥8,852,781.07, compared to a profit of ¥8,620,287.20 in Q3 2015[33] - The total comprehensive income for Q3 2016 was -¥8,622,203.57, compared to ¥8,963,448.87 in Q3 2015[34] Assets and Liabilities - Total assets decreased by 16.56% to CNY 1,564,866,289.34 compared to the end of the previous year[6] - Current assets decreased from CNY 1,157,435,289.12 to CNY 865,998,724.50, a decline of approximately 25.2%[23] - Total liabilities decreased from CNY 895,330,685.99 to CNY 583,459,955.39, a decline of about 34.8%[25] - Current liabilities decreased from CNY 881,464,605.18 to CNY 570,058,646.92, a reduction of approximately 35.2%[24] - Non-current assets decreased slightly from CNY 717,972,442.44 to CNY 698,867,564.84, a decline of about 2.3%[24] Shareholder Information - The total number of shareholders reached 16,150 at the end of the reporting period[9] - The largest shareholder, China Development Investment Corporation, holds 44.57% of the shares[9] Cash Flow and Investments - Cash inflow from operating activities for the first nine months of 2016 was 851,745,302.37 RMB, up from 715,698,821.87 RMB year-on-year, representing an increase of approximately 19%[38] - The net cash flow from operating activities for the first nine months of 2016 was 363,392,529.05 RMB, slightly down from 364,509,931.49 RMB in the previous year[38] - Cash outflow from investing activities for the first nine months of 2016 was 18,250,786.76 RMB, compared to 56,706,074.50 RMB in the same period last year, indicating a significant reduction in investment spending[39] - The net cash flow from financing activities for the first nine months of 2016 was -358,346,367.07 RMB, an improvement from -496,156,893.69 RMB in the previous year[39] - The total cash and cash equivalents at the end of Q3 2016 was 154,453,575.83 RMB, compared to 136,096,498.33 RMB at the end of the same period last year[39] Operational Adjustments - The company plans to sell 75% of its stake in Hancheng Zhonglu Juice Co., Ltd. to adjust its operational layout and reduce costs[17] - The transfer price for the 75% stake in Hancheng Zhonglu is set at ¥101,315,264.35, with payment to be made in a lump sum[18] - The company received a relocation compensation of ¥1,000,000 for its R&D center and subsidiary, with further payments to be arranged[19][20] Changes in Accounts - Accounts receivable decreased by 37% to ¥158,921,025.83 due to a year-on-year reduction in sales volume[12] - Prepaid accounts increased by 520% to ¥34,110,330.32 primarily due to increased non-production expenses[12] - Inventory decreased by 37% to ¥393,479,533.61 as a result of product sales[12] - Short-term loans decreased by 42% to ¥466,706,547.54 mainly due to repayment of bank loans[12] - Financial expenses decreased by 54% to ¥10,777,458.49 due to a reduction in short-term loans[13] - Operating tax and surcharges decreased by 35% to ¥3,892,322.76 primarily due to a decrease in turnover tax[13] Year-to-Date Comparisons - Year-to-date operating revenue as of September 2016 was ¥656,813,273.06, a decrease of 4.4% from ¥686,983,975.06 in the same period last year[32] - Year-to-date total operating costs as of September 2016 were ¥656,201,734.83, down from ¥690,607,821.12 in the previous year[32] - The company reported a significant increase in management expenses, which rose to ¥51,240,448.77 year-to-date, compared to ¥45,160,504.60 in the previous year[32] - The company experienced a decrease in sales expenses, which were ¥66,649,950.72 year-to-date, compared to ¥68,902,174.70 in the previous year[32]