Three-V(SH:603033)2017-10-29 16:00Financial Performance - Operating revenue for the first nine months rose by 21.82% to CNY 660,328,262.90 year-on-year[6] - Net profit attributable to shareholders decreased by 48.89% to CNY 29,786,806.02 compared to the same period last year[6] - Total revenue for the period was RMB 550.77 million, a 35.91% increase compared to the previous period, driven by increased sales volume and rising raw material prices[13] - Net profit decreased by 48.89% to RMB 29.79 million, primarily due to rising costs[13] - The company's gross profit margin for the first nine months of 2017 was approximately 16.5%, down from 25.3% in the same period last year[21] - The company reported a total comprehensive income of CNY 29,786,806.02 for the first nine months of 2017, a decrease of 48.9% from CNY 58,285,007.40 in the same period last year[22] Cash Flow and Liquidity - Net cash flow from operating activities turned negative at CNY -121,234,260.44, a decline of 234.72% year-on-year[6] - Operating cash flow turned negative at RMB -121.23 million, a significant decline of 234.72% due to increased inventory and accounts receivable[13] - The company reported a net cash flow from operating activities of -CNY 121,234,260.44 for the first nine months of 2017, compared to a positive cash flow of CNY 89,990,939.86 in the same period last year[26] - Cash and cash equivalents decreased by 35.88% to RMB 298.54 million due to purchases of raw materials and equipment[12] - Cash and cash equivalents at the end of Q3 2017 were CNY 201,868,224.48, down from CNY 208,245,569.05 at the end of Q3 2016[27] Shareholder Information - The total number of shareholders reached 12,580 by the end of the reporting period[10] - The largest shareholder, Ye Jiyue, holds 38.48% of the shares, totaling 48,860,000 shares[10] Assets and Liabilities - Total assets increased by 1.06% to CNY 1,303,357,831.66 compared to the end of the previous year[6] - The company reported a total asset increase to RMB 1.30 billion, up from RMB 1.29 billion at the beginning of the period[18] - Total liabilities increased to RMB 202.95 million, up from RMB 194.07 million, reflecting changes in accounts payable and other liabilities[18] - Total liabilities and equity amounted to CNY 1,303,357,831.66 as of the end of Q3 2017, an increase from CNY 1,289,711,905.51 at the end of Q3 2016[19] Operational Insights - The company received government subsidies amounting to CNY 1,894,630.00, which are closely related to its normal business operations[8] - The company has not disclosed any new product developments or market expansion strategies in this report[6] - Accounts receivable decreased by 60.32% to RMB 27.54 million, reflecting increased payments for goods[12] - Inventory increased by 54.07% to RMB 220.86 million, attributed to the rise in raw materials and finished goods[12] - Prepayments increased significantly by 1,210.85% to RMB 23.67 million, indicating higher raw material purchases[12] - Other receivables rose by 116.36% to RMB 10.31 million, attributed to increased bid deposits[12] Earnings Per Share - Basic earnings per share fell by 73.26% to CNY 0.23[7] - The basic earnings per share for Q3 2017 was CNY 0.06, down from CNY 0.28 in Q3 2016[23]