Chimin(SH:603222)2016-10-26 16:00Financial Performance - Operating revenue decreased by 4.76% to CNY 328,971,057.08 for the first nine months compared to the same period last year[7] - Net profit attributable to shareholders decreased by 37.60% to CNY 25,546,562.49 for the first nine months compared to the same period last year[7] - Basic earnings per share decreased by 38.46% to CNY 0.08[8] - The net profit attributable to shareholders for the first nine months was CNY 25,529,030.54, down 34.69% year-on-year[7] - The company reported a net loss of CNY 1,012,213.00 from other operating income and expenses during the reporting period[11] - Total operating revenue for Q3 2016 was CNY 57,639,623.83, a decrease of 13.5% compared to CNY 66,315,339.82 in Q3 2015[43] - Net profit for Q3 2016 was CNY 3,858,444.79, down 30.5% from CNY 5,562,574.07 in Q3 2015[44] - Total profit for Q3 2016 was CNY 4,409,208.16, a decrease of 31.2% from CNY 6,420,781.98 in Q3 2015[44] Cash Flow - Net cash flow from operating activities decreased by 32.69% to CNY 33,145,310.15 for the first nine months compared to the same period last year[7] - Cash inflow from operating activities for the first nine months of 2016 was CNY 326,329,244.24, down 15.8% from CNY 387,608,252.43 in the previous year[47] - Cash inflow from operating activities was ¥179,062,689.08, compared to ¥238,198,059.11 in the previous year, marking a decline of about 25.0%[51] - Cash received from investment recoveries was ¥128,000,000.00, a decrease from ¥227,000,000.00 year-over-year, representing a decline of about 43.6%[51] - The company paid ¥9,925,871.96 in dividends and interest, compared to ¥24,671,343.33 in the previous year, a reduction of approximately 59.8%[52] Assets and Liabilities - Total assets increased by 5.61% to CNY 891,376,819.22 compared to the end of the previous year[7] - The company's current assets totaled CNY 480,067,234.31, down from CNY 494,950,095.25 at the beginning of the year, indicating a decrease of approximately 3.5%[33] - The company's non-current assets increased to CNY 411,309,584.91 from CNY 349,063,924.38, reflecting an increase of about 17.8%[33] - Total liabilities rose to CNY 106,683,689.51 from CNY 93,022,532.36, representing an increase of approximately 14.7%[34] - The company's equity attributable to shareholders increased to CNY 736,614,593.18 from CNY 721,027,444.45, showing a growth of about 2.2%[34] Shareholder Information - The total number of shareholders is 21,037[14] - The largest shareholder, Shuangge Group Co., Ltd., holds 36.20% of shares, totaling 115,830,800 shares, with 74,000,000 shares pledged[14] - The company implemented a capital reserve conversion plan, doubling the total share capital from 160 million to 320 million shares[8] - The company's total capital stock increased by 100% to 320,000,000 RMB due to the conversion of capital reserves into share capital[17] Commitments and Governance - The controlling shareholders, including the actual controller Li Xianyu and related parties, committed to not transferring or entrusting the management of their shares for 36 months from the date of the stock listing[21] - The company has established a commitment to avoid any substantial competition with its subsidiaries, ensuring that related parties do not engage in similar business activities[22] - The commitment includes a provision for notifying the company of any business opportunities that may arise, ensuring the company has the right of first refusal[22] - The controlling shareholders have pledged to maintain the independence of the company in terms of assets, personnel, finance, and operations, avoiding significant related party transactions[23] - In case of non-fulfillment of commitments, the company will publicly explain the reasons and apologize to shareholders and the public[25] - The company will compensate investors for losses incurred due to non-fulfillment of commitments, as determined by the China Securities Regulatory Commission[25] Other Financial Metrics - Cash and cash equivalents decreased by 30.74% to 180,279,532.59 RMB due to unexpired bank financial products[16] - Other receivables increased by 741.67% to 48,957,700.98 RMB, primarily due to unexpired bank financial products[16] - Construction in progress rose by 207.99% to 48,592,792.01 RMB, attributed to the advancement of fundraising projects[16] - The company reported a 59.77% decrease in cash paid for dividends and interest, totaling 9,925,871.96 RMB[18] - The company’s financial expenses increased by 30.72% to -1,808,864.23 RMB, mainly due to increased exchange gains[17]