TJKJ(SH:600846)2017-10-30 16:00Financial Performance - Operating revenue decreased by 8.26% to CNY 2,169,841,551.58 for the year-to-date period[6] - Net profit attributable to shareholders increased by 14.80% to CNY 100,863,755.02 year-on-year[6] - The company reported a net profit of CNY 79,802,642.45 for the third quarter, down from CNY 124,244,504.87 in the same quarter last year[34] - The company reported a net profit attributable to the parent company of ¥47.09 million in Q3 2017, an increase from ¥42.83 million in Q3 2016, representing a growth of approximately 9.9%[36] - The company's total operating costs for the first nine months were CNY 2,068,965,631.92, a decrease of 4.06% from CNY 2,156,214,155.16 in the previous year[34] Asset and Liability Changes - Total assets increased by 6.83% to CNY 9,517,145,173.80 compared to the end of the previous year[6] - Total liabilities increased to CNY 6,782,326,478.42 from CNY 6,117,933,768.90 year-over-year[28] - Long-term borrowings rose to ¥1,479,630,000.00, reflecting a 100.24% increase year-on-year[11] - Current liabilities decreased slightly to ¥5,268,077,361.20 from ¥5,347,492,310.51, a reduction of about 1.5%[27] - Non-current liabilities totaled CNY 1,514,249,117.22, significantly higher than CNY 770,441,458.39 at the start of the year[28] Cash Flow Analysis - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 197,428,115.65 compared to a net inflow of CNY 1,132,678,408.14 in the same period last year, a decrease of 117.43%[6] - The net cash flow from operating activities for Q3 2017 was -197,428,115.65 RMB, a significant decrease compared to 1,132,678,408.14 RMB in the same period last year[42] - Total cash inflow from operating activities was 2,553,429,030.03 RMB, while cash outflow was 2,750,857,145.68 RMB, resulting in a net cash outflow of 197,428,115.65 RMB[42] - The net cash flow from investing activities was 33,712,041.69 RMB, a recovery from a net outflow of -26,290,520.78 RMB in the same quarter last year[42] - Cash inflow from financing activities totaled 1,850,282,800.00 RMB, compared to 739,606,239.50 RMB in the previous year, indicating a strong increase in financing[42] Shareholder Information - The number of shareholders reached 91,194 by the end of the reporting period[8] - The company’s major shareholder, Shanghai Tongji Asset Management Co., Ltd., held 23.38% of the shares[8] - The company committed to fully subscribing to the 2017 annual placement plan, with a commitment date of June 20, 2017[19] - The company’s board and senior management committed to ensuring the implementation of measures to enhance immediate returns for shareholders[21] Investment and Expenses - Investment income surged to ¥56,515,367.17, marking a 149.66% increase from the same period last year[12] - Sales expenses increased by 36.29% to ¥39,448,552.64, primarily due to higher advertising and commission costs[12] - Financial expenses decreased by 38.40% to ¥6,653,526.99, attributed to lower net interest expenses[12] - The company reported a significant increase in asset impairment losses, rising to ¥5,175,884.25, a 18626.88% increase year-on-year[12] Changes in Cash and Equivalents - The company's cash and cash equivalents increased by 38.61% to CNY 1,509,405,134.07 compared to the end of the previous year[10] - Cash and cash equivalents rose to CNY 400,345,342.33 from CNY 218,943,502.74 at the beginning of the year, representing an increase of 83%[30] - Cash and cash equivalents at the end of Q3 2017 amounted to 1,475,797,062.13 RMB, an increase from 1,401,781,424.41 RMB in the previous year[43] Operational Performance - Operating profit for the third quarter was CNY 79,486,691.28, down 33% from CNY 118,569,961.23 in the previous year[34] - Operating cash flow net amount decreased by 117.43% to -¥197,428,115.65 compared to the previous year[16] - The company incurred management expenses of ¥12.62 million for the first nine months of 2017, slightly lower than ¥13.06 million in the same period of 2016[38]