AsAc(SH:601890)2016-10-27 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 48,378,037.05, down 23.28% year-on-year[6]. - Operating revenue for the first nine months was CNY 841,791,078.00, a decrease of 25.92% compared to the same period last year[6]. - Basic earnings per share decreased to CNY 0.05, down 28.57% compared to the previous year[7]. - The weighted average return on net assets was 1.63%, a decrease of 0.61 percentage points[7]. - Total operating revenue for Q3 2016 was CNY 235,281,953.13, a decrease of 28.2% compared to CNY 327,829,894.54 in Q3 2015[25]. - Net profit for Q3 2016 was CNY 4,082,982.73, a decline of 59.9% from CNY 10,198,522.96 in Q3 2015[27]. - The company reported a total profit of CNY 7,382,994.30 for Q3 2016, down 51.3% from CNY 15,156,830.32 in Q3 2015[27]. - The company’s net profit for the first nine months of 2016 was CNY 42,914,304.75, down 22.3% from CNY 55,232,571.69 in the same period of 2015[27]. - Operating revenue for Q3 was ¥182.33 million, a decrease of 29.3% from ¥258.13 million in the same period last year[30]. - Net profit for the first nine months was ¥59.59 million, down 18.5% from ¥73.12 million year-on-year[31]. Cash Flow - Net cash flow from operating activities increased significantly to CNY 307,373,481.43, up 344.81% year-on-year[6]. - Cash received from operating activities increased by 46.19% year-on-year, amounting to RMB 36,437,800.80, compared to RMB 24,924,514.24[12]. - Cash paid for purchasing goods and services decreased by 45.61% year-on-year, totaling RMB 452,816,526.76, down from RMB 832,601,045.59[12]. - Cash received from investment activities decreased by 39.15% year-on-year, amounting to RMB 589,000,000.00, compared to RMB 968,000,000.00[12]. - The company experienced a net cash inflow from investment activities of ¥86.79 million, recovering from a net outflow of ¥202.68 million last year[34]. - Net cash flow from operating activities was $38.80 million, compared to $25.48 million in the previous period, showing an increase[37]. - Cash inflow from investment activities totaled $281.35 million, down from $852.82 million in the previous period[37]. - The net increase in cash and cash equivalents was $55.54 million, contrasting with a decrease of $199.21 million in the previous period[37]. - The ending balance of cash and cash equivalents was $1.14 billion, up from $437.15 million in the previous period[37]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,822,711,461.11, a decrease of 0.50% compared to the end of the previous year[6]. - The company's total liabilities decreased by 49.03% for notes payable, from RMB 60,773,907.62 to RMB 30,977,857.81, mainly due to the maturity of notes[11]. - Current liabilities decreased significantly to ¥408,880,029.51 from ¥713,456,648.17, a reduction of approximately 42.6%[19]. - Long-term borrowings increased to ¥305,885,988.55 from ¥5,723,629.82, showing a substantial rise[20]. - Total liabilities as of the end of Q3 2016 amounted to CNY 1,001,013,844.52, an increase from CNY 944,967,344.01 at the end of Q3 2015[23]. - The company’s total assets reached CNY 3,678,561,458.21 at the end of Q3 2016, compared to CNY 3,620,490,823.64 at the end of Q3 2015[23]. Shareholder Information - The total number of shareholders at the end of the reporting period was 159,550[9]. - The largest shareholder, Tao Anxiang, held 27.70% of the shares, totaling 265,793,716 shares[9]. - The company plans to maintain shareholder returns for the period of 2015-2017, as approved in the 2014 annual shareholders' meeting[15]. - The controlling shareholder committed not to reduce their stake in the company for the next 12 months, with a plan to increase holdings by 859,548 shares once the market window opens[15]. Government Support and Other Income - The company received government subsidies amounting to CNY 2,509,242.27 during the reporting period[8]. - Non-recurring gains and losses totaled CNY 6,554,131.81 for the first nine months[9]. - The company reported an increase in investment income to ¥9.30 million for the first nine months, compared to ¥12.59 million last year[30]. Expenses and Impairments - Operating expenses decreased significantly by 84.71% year-on-year, from RMB 4,043,363.73 to RMB 618,255.85, due to a reduction in non-operating expenditures[11]. - The company reported a 346.11% increase in asset impairment losses, totaling RMB 4,217,519.48, compared to RMB 945,394.57 in the previous year[11]. - Sales expenses for the first nine months decreased to ¥83.50 million, down 12.6% from ¥95.56 million year-on-year[30]. - The financial expenses showed a significant improvement, with a reduction from -¥7.44 million to -¥3.98 million year-on-year[30].