2016-10-28 16:00Financial Performance - Revenue for the first nine months decreased by 55.62% to CNY 12.07 billion compared to the same period last year[7]. - Net profit attributable to shareholders was a loss of CNY 634.92 million, compared to a loss of CNY 255.40 million in the same period last year[7]. - Basic and diluted earnings per share were both -CNY 0.0543, compared to -CNY 0.0219 in the same period last year[9]. - Total revenue decreased by 55.3% year-on-year, primarily due to a reduction in container shipping revenue[15]. - Net profit decreased by 238% year-on-year, primarily due to a decrease in operating profit[15]. - The total profit for Q3 2016 was ¥268,633,890.13, compared to a loss of ¥994,561,081.98 in the previous year[39]. - The net profit for Q3 2016 was a loss of approximately ¥104.4 million, compared to a loss of ¥527.7 million in the same period last year, showing an improvement of about 80.2%[43]. - The total profit for the first nine months of 2016 was a loss of approximately ¥494.55 million, compared to a loss of ¥701.83 million in the same period last year, showing an improvement of about 29.5%[43]. Assets and Liabilities - Total assets increased by 7.03% to CNY 111.35 billion compared to the end of the previous year[7]. - Net assets attributable to shareholders decreased by 61.94% to CNY 13.92 billion compared to the end of the previous year[7]. - Total liabilities increased by 45% compared to the beginning of the period, mainly due to an increase in project borrowings[14]. - Total equity attributable to shareholders decreased to ¥13.92 billion from ¥36.58 billion, a decline of 61.9%[30]. - Non-current liabilities surged to ¥58.95 billion, up from ¥29.52 billion, marking a 99.5% increase[29]. Cash Flow - Operating cash flow for the first nine months increased by 102.13% to CNY 6.26 billion compared to the same period last year[7]. - Cash flow from operating activities showed a net inflow increase of 102.1% year-on-year, mainly due to a significant increase in deposits from group member units[16]. - Cash flow from financing activities showed a net inflow decrease of 80.1% year-on-year, primarily due to increased acquisition payments for subsidiaries under common control[18]. - The net increase in cash and cash equivalents rose by 60.5% year-on-year, mainly due to an increase in net cash from operating activities[18]. - Cash flow from investment activities increased by 368.5% year-on-year, mainly due to cash recovery from equity method company equity during the restructuring[17]. Shareholder Information - The total number of shareholders was 441,392 at the end of the reporting period[10]. - The largest shareholder, China Ocean Shipping (Group) Company, held 4.41 billion shares, accounting for 37.75% of total shares[11]. Government Support and Income - The company received government subsidies amounting to CNY 174.79 million during the reporting period[10]. - The company reported a total of CNY 278.09 million in non-operating income for the reporting period[10]. Business Transformation - The company reported a significant transformation in its business model, shifting from a container shipping operator to a comprehensive financial service platform focusing on ship leasing, container leasing, and non-maritime leasing[24]. - The company anticipates changes in revenue and profit levels compared to the same period last year due to the business transformation[24]. Operational Changes and Commitments - The company has committed to reducing related party transactions and ensuring fairness and compliance in any necessary transactions[24]. - The company guarantees an independent labor, personnel, and salary management system, with all senior management exclusively working for the company[22]. - The company maintains a complete and independent corporate governance structure, with all decision-making bodies operating according to legal and regulatory requirements[22]. - The company ensures that all related transactions will adhere to market principles and comply with relevant laws and regulations[21].