SEC(SH:603988)2016-10-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 30.88% to CNY 24,623,525.35 year-on-year[7]. - Operating revenue declined by 9.50% to CNY 173,397,418.93 compared to the same period last year[7]. - Basic earnings per share fell by 31.11% to CNY 0.31[7]. - The company's operating revenue for the first nine months of 2016 was $173.40 million, a decrease of 9.50% compared to $191.59 million in the same period of 2015[13]. - The net profit for the first nine months of 2016 was $24.62 million, down 30.88% from $35.62 million in the same period of 2015[13]. - The gross profit margin for the first nine months of 2016 was approximately 22.5%, down from 38.4% in the same period last year[25]. - The company recorded an investment income of CNY 4,968,836.66 for the first nine months, a decrease of 16.9% from CNY 5,979,907.19 in the previous year[25]. Cash Flow and Assets - Cash flow from operating activities improved significantly to CNY 24,981,801.68, compared to a negative CNY 49,074,602.06 in the previous year[7]. - The cash inflow from operating activities increased by 44.10% to $133.19 million compared to $92.43 million in the previous year[16]. - The cash outflow from operating activities decreased by 23.53% to $108.21 million from $141.50 million in the previous year[16]. - The total assets increased by 1.49% to CNY 818,433,665.43 compared to the end of the previous year[7]. - Cash and cash equivalents increased by 14.51% to CNY 125,583,250.32 compared to the end of the previous year[11]. - The company reported a significant increase in cash and cash equivalents, ending the period with CNY 124,537,341.58, compared to CNY 54,558,140.53 at the end of the previous year[29]. - As of September 30, 2016, the company's cash and cash equivalents amounted to ¥125,583,250.32, an increase from ¥109,667,582.47 at the beginning of the year, reflecting a growth of approximately 14.5%[22]. - Accounts receivable stood at ¥156,503,858.85, up from ¥145,028,846.82 at the start of the year, indicating an increase of about 7.4%[22]. - Inventory levels increased to ¥115,831,939.87 from ¥111,394,254.83, representing a rise of approximately 4%[22]. - The total current assets decreased slightly to ¥666,595,364.95 from ¥677,856,962.02, a decline of about 1.9%[22]. - Non-current assets included available-for-sale financial assets of ¥32,000,000.00, which were not present at the beginning of the year[22]. - Fixed assets decreased to ¥68,766,895.52 from ¥77,800,253.89, a reduction of approximately 11.6%[22]. Shareholder Information - The total number of shareholders reached 16,825 at the end of the reporting period[9]. - The largest shareholder, Wang Jianyu, holds 30.00% of the shares, with 24,000,000 shares pledged[9]. Commitments and Future Plans - The company committed to repurchasing all newly issued shares in accordance with its public commitments during the IPO process[20]. - The company will not issue any securities for 12 months following the resolution of any unfulfilled commitments, including stocks and bonds[20]. - The company reported that it will compensate investors for direct losses incurred due to reliance on commitments made during the IPO[20]. - The company has pledged to actively accept social supervision regarding its commitments made during the IPO process[20]. - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[25]. Tax and Expenses - The company's tax payable decreased by 71.63% to $1.30 million, attributed to reduced domestic revenue and increased tax exemptions on export income[12]. - The company reported a significant decrease in financial expenses by 32.67%, from -$4.09 million to -$2.75 million[13]. - The company experienced a decrease in investment income by 16.91%, from $5.98 million to $4.97 million[13].