JAHB(SH:603822)2016-10-27 16:00Financial Performance - Revenue decreased by 17.30% to CNY 324,269,875.36 for the year-to-date period compared to the same period last year[6] - Net profit attributable to shareholders decreased by 14.52% to CNY 23,968,374.60 compared to the same period last year[7] - Basic earnings per share decreased by 18.55% to CNY 0.4227 compared to the same period last year[7] - Total operating revenue for Q3 2016 was CNY 117,338,844.11, a decrease of 14.1% compared to CNY 136,524,898.51 in Q3 2015[23] - Net profit for the first nine months of 2016 was CNY 31,734,509.31, compared to CNY 33,777,190.42 in the same period of 2015, reflecting a decline of 6.1%[23] - Total revenue for Q3 2016 was CNY 111,405,015.70, a decrease of 22% compared to CNY 142,763,229.57 in Q3 2015[26] - Operating profit for Q3 2016 was CNY 10,811,754.47, a decrease of 7.0% from CNY 11,627,458.04 in Q3 2015[23] - Operating profit for the first nine months of 2016 was CNY 34,169,575.07, compared to CNY 34,698,246.78 in the same period last year[26] Asset and Equity Growth - Total assets increased by 29.10% to CNY 986,542,314.75 compared to the end of the previous year[6] - Net assets attributable to shareholders increased by 51.48% to CNY 618,451,785.80 compared to the end of the previous year[6] - Total assets as of September 30, 2016, amounted to CNY 959,453,471.67, an increase from CNY 734,261,571.65 at the beginning of the year[19] - Shareholders' equity increased to CNY 629,747,353.03 as of September 30, 2016, compared to CNY 414,680,277.66 at the beginning of the year, representing a growth of 51.9%[19] Cash Flow and Liquidity - Net cash flow from operating activities improved by 180.76% to CNY 23,116,828.93 compared to the same period last year[6] - Cash and cash equivalents increased by 663.72% to ¥266,665,968.65 due to the arrival of funds from the initial public offering[11] - Cash flow from operating activities for the year-to-date reached ¥23,116,828.93, a significant improvement from a negative cash flow of ¥-28,624,535.14 in the same period last year[30] - The ending cash and cash equivalents balance increased to ¥266,665,968.65 from ¥34,916,914.38, demonstrating a strong liquidity position[31] - The company reported a net increase in cash and cash equivalents of ¥174,191,451.04, contrasting with a decrease of ¥-40,115,527.91 in the same period last year, highlighting improved cash management[31] Government Support and Non-Operating Income - The company received government subsidies amounting to CNY 4,376,990.55 for the year-to-date period[8] - The company reported a 621.07% increase in non-operating income to ¥4,763,609.08, mainly from government subsidies[12] - The company recorded a significant increase in non-operating income, amounting to CNY 2,137,657.15 in Q3 2016, compared to CNY 42,583.37 in Q3 2015[26] Shareholder Information - The total number of shareholders reached 14,065 by the end of the reporting period[10] - The largest shareholder, Tongxiang Shunchang Investment Co., Ltd., holds 44.65% of the shares and has pledged 7,209,022 shares[10] Cost Management - Total operating costs for Q3 2016 were CNY 106,527,089.64, down 14.7% from CNY 124,897,440.47 in Q3 2015[23] - Operating costs for Q3 2016 were CNY 88,753,517.34, down from CNY 120,470,408.76 in Q3 2015, reflecting a cost reduction strategy[26] Future Outlook - The company plans to continue its market expansion and product development initiatives in the upcoming quarters[29]