HFM(SH:603011)2015-10-27 16:00Financial Performance - Operating revenue for the first nine months rose by 3.84% to CNY 351,834,893.88 year-on-year[7] - Net profit attributable to shareholders decreased by 29.65% to CNY 13,632,631.07 for the first nine months[7] - Basic and diluted earnings per share both fell by 33.33% to CNY 0.10[8] - The company's total revenue for the first nine months of 2015 reached CNY 351,834,893.88, a 3.4% increase compared to CNY 338,838,873.68 in the same period last year[37] - The net profit for the first nine months of 2015 was CNY 18,633,295.12, down 6.9% from CNY 20,019,907.40 in the previous year[38] - The operating profit for the third quarter of 2015 was CNY 4,832,659.40, a decrease of 34.2% compared to CNY 7,328,463.97 in the same quarter last year[38] Cash Flow - Cash flow from operating activities showed a significant decline of 222.69%, resulting in a net cash outflow of CNY -27,206,608.32[7] - The cash flow from operating activities showed a net outflow of CNY 27,206,608.32 for the first nine months of 2015, contrasting with a net inflow of CNY 22,174,189.86 in the same period last year[39] - Financial expenses decreased by 38.43% to ¥6,730,529.81 as average loan balances and interest rates declined[17] - The company's cash inflow from financing activities was CNY 471,840,000.00, compared to CNY 293,994,060.83 in the previous year[39] - Net cash flow from financing activities was $22.37 million, a significant improvement from a net outflow of $35.67 million in the previous year[40] Assets and Liabilities - Total assets increased by 2.35% to CNY 974,763,988.39 compared to the end of the previous year[7] - The total liabilities rose to CNY 402,438,511.04, compared to CNY 380,801,796.31 in the previous year[35] - Accounts receivable decreased by 38.53% to ¥30,232,707.02 due to reduced use of bill settlements by customers[17] - Deferred tax assets increased by 96.22% to ¥5,671,909.21 as a result of recognizing deferred tax assets related to government subsidies[17] - The company's total current assets amounted to ¥667,865,565.62, an increase from ¥640,911,178.29 at the beginning of the year, reflecting a growth of approximately 4.3%[33] Shareholder Information - The total number of shareholders reached 19,506 by the end of the reporting period[12] - The largest shareholder, Yan Jianwen, holds 41.03% of the shares, totaling 73,650,000 shares[13] - The company plans to reduce its shareholding within two years after the lock-up period, with a minimum selling price of 120% of the latest audited net asset per share[21] - The company will not reduce its shares below 5% without prior announcement three trading days in advance[22] - The company has committed to maintaining a maximum of 10% reduction in shareholding during the first 48 months post-IPO, and a maximum of 15% during the subsequent 12 months[24] Government Subsidies and Non-Operating Income - Government subsidies recognized in the first nine months amounted to CNY 5,369,845.68[9] - The company reported a non-operating income of CNY 1,987,699.98 for the first nine months[11] - Non-operating income rose by 48.01% to ¥5,369,845.68, primarily driven by increased government subsidies[17] - Non-operating expenses decreased by 89.25% to ¥535,562.18, significantly lower than the previous year's compensation payments[17] Stock Price Stabilization Measures - The company aims to stabilize its stock price through measures such as stock buybacks and increasing shareholdings by major shareholders[22] - The company will implement specific plans to stabilize its stock price within five working days if the closing price falls below the audited net asset value[23] - The company has established a commitment to maintain its controlling position and intends to hold shares long-term[23] - The company will ensure compliance with relevant laws and regulations during any share reduction activities[22]