TC(SH:603085)2016-10-25 16:00Financial Performance - Operating income for the first nine months reached CNY 258,250,329.33, a growth of 20.24% year-on-year[8] - Net profit attributable to shareholders increased by 3.92% to CNY 25,729,830.25 compared to the same period last year[8] - Total operating revenue for Q3 2016 reached ¥91,601,722.55, a 50.9% increase from ¥60,772,469.09 in Q3 2015[30] - Net profit for Q3 2016 was ¥9,342,031.24, representing a 12.2% increase compared to ¥8,269,589.80 in Q3 2015[31] - The company reported a total profit of CNY 9,656,558.73 for Q3 2016, down 10.16% from CNY 10,750,199.73 in Q3 2015[34] - The total comprehensive income for Q3 2016 was CNY 9,342,031.24, compared to CNY 8,269,589.80 in Q3 2015, indicating a growth of 12.99%[35] Asset and Equity Growth - Total assets increased by 103.17% to CNY 1,069,682,266.58 compared to the end of the previous year[8] - Net assets attributable to shareholders increased by 126.68% to CNY 913,134,596.72 compared to the end of the previous year[8] - Owner's equity totaled ¥916,943,075.36 as of September 30, 2016, compared to ¥404,798,302.28 at the beginning of the year, reflecting strong equity growth[28] - The company's current assets reached CNY 766,956,911.38, up from CNY 320,331,146.99 at the start of the year, indicating strong liquidity growth[23] Cash Flow and Liquidity - Net cash flow from operating activities rose by 135.63% to CNY 37,106,489.72 compared to the same period last year[8] - Cash and cash equivalents increased by 388.79% compared to the beginning of the year, mainly due to funds raised from a private placement[11] - Cash inflow from sales of goods and services reached ¥281,047,453.59, an increase from ¥263,526,932.19 in the previous quarter, representing a growth of approximately 6.0%[38] - The ending balance of cash and cash equivalents was ¥528,895,273.12, up from ¥101,316,094.12 in the previous quarter, showing an increase of approximately 421.5%[39] Expenses and Financial Management - Management expenses rose by 44.29% year-on-year, primarily due to increased R&D expenditures[12] - Financial expenses for the period were CNY -2,393,512.28, compared to CNY -731,101.98 in the same period last year, mainly due to reduced interest expenses and increased deposit interest income[12] - Cash paid for dividends and interest increased by 430.84% year-on-year, primarily due to dividend distributions during the period[12] Shareholder and Corporate Governance - The company announced that after the lock-up period, it will reduce its holdings by no more than 10% of its total shares within 12 months and 20% in the following 12 months[15] - The company confirmed that it does not engage in the same or similar business as Tiancheng Zikong to avoid competition[16] - The company is committed to compensating for any violations of the above commitments[16] - The lock-up period for certain shareholders will last for two years, during which they must comply with specific conditions for share reduction[16] Related Transactions and Competition - The company will respect Tiancheng Self-Control's independent legal status and guarantee its independent operation and decision-making[18] - The company will not seek any benefits beyond those stipulated in the related transaction agreements with Tiancheng Self-Control[18] - Any unavoidable related transactions will be conducted in compliance with national laws and regulations, ensuring fair treatment for Tiancheng Self-Control[18]