PACIFIC QUARTZ(SH:603688)2016-10-20 16:00Financial Performance - Operating income for the first nine months rose by 7.68% to CNY 315,322,150.86 compared to the same period last year[5] - Net profit attributable to shareholders decreased by 14.54% to CNY 51,599,449.19 for the first nine months compared to the same period last year[5] - Basic earnings per share decreased by 14.64% to CNY 0.2303 compared to the same period last year[6] - The company's revenue for Q3 2016 was CNY 315,322,150.86, representing a 7.68% increase compared to CNY 292,826,419.71 in the same period last year[14] - Total revenue for Q3 2016 reached ¥108,873,746.92, an increase of 13.5% compared to ¥96,096,714.74 in Q3 2015[41] - Net profit for Q3 2016 was ¥19,007,566.91, a decrease of 13.5% from ¥21,993,287.58 in Q3 2015[45] - Operating profit for the first nine months of 2016 was approximately ¥62.45 million, down 14.7% from ¥73.21 million in the same period last year[47] - Net profit for Q3 2016 was approximately ¥20.94 million, a decrease of 12.5% from ¥24.05 million in Q3 2015[49] Assets and Liabilities - Total assets increased by 3.30% to CNY 1,238,087,445.36 compared to the end of the previous year[5] - The total liabilities of the company as of September 30, 2016, were CNY 72,291,698.60, compared to CNY 61,960,199.73 at the beginning of the year, representing an increase of approximately 16.5%[37] - The company's total current assets reached CNY 733,663,423.32, up from CNY 707,225,239.41 at the start of the year, indicating an increase of about 3.7%[35] - Total assets as of Q3 2016 amounted to ¥1,211,053,618.69, compared to ¥1,169,958,734.55 at the end of Q3 2015, reflecting a growth of 3.5%[40] - Total liabilities increased to ¥54,724,604.32 in Q3 2016, up from ¥46,803,006.32 in Q3 2015, representing an increase of 16.5%[40] Cash Flow - Net cash flow from operating activities increased by 18.56% to CNY 43,292,468.27 for the first nine months compared to the same period last year[5] - The company reported a net cash flow from operating activities of approximately ¥43.29 million for the first nine months of 2016, an increase of 18.5% compared to ¥36.51 million in the same period last year[52] - Operating cash inflow for the period was $239.39 million, down 9.8% from $265.45 million in the same period last year[55] - Net cash flow from operating activities was $26.22 million, a decrease of 7.1% compared to $28.22 million year-over-year[55] - The company incurred a net cash outflow from investing activities of approximately ¥36.04 million in the first nine months of 2016, compared to a net outflow of ¥111.57 million in the same period last year[53] Shareholder Information - The total number of shareholders reached 20,136 by the end of the reporting period[10] - The largest shareholder, Chen Shibin, holds 29.34% of the shares, amounting to 65,985,000 shares[10] - The controlling shareholder will not engage in any business that competes with the company[26] - The controlling shareholder guarantees compensation for any economic losses caused by violations of commitments[26] - The company has committed to not seek benefits beyond the agreements signed with Pacific Shares, ensuring fair treatment of all shareholders[30] Government and Investment - The company received government subsidies totaling CNY 1,919,286.82 during the reporting period[7] - Investment income for the period was CNY 5,138,691.25, marking a significant increase due to returns from bank financial products[14] - The company reported investment income of approximately ¥1.11 million in Q3 2016, with a total of ¥5.04 million for the first nine months[47] - The company received $882.70 million from investment recoveries, indicating strong investment performance[56] Management and Expenses - The company's management expenses rose by 13.69% to CNY 44,780,874.75, driven by increased salaries and R&D investments[14] - The company’s management expenses for the first nine months of 2016 were approximately ¥36.17 million, an increase of 10.0% from ¥32.59 million in the same period last year[47] Strategic Plans - The company plans to acquire a 51% stake in Hubei Xinyoutai Optoelectronic Technology Co., Ltd. through a strategic cooperation agreement, with ongoing due diligence[16] - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[41]