First(SH:603806)2017-10-23 16:00Financial Performance - Operating revenue for the year-to-date was CNY 3,399,224,001.39, representing a year-on-year increase of 15.35%[6] - Net profit attributable to shareholders was CNY 369,928,633.47, down 39.58% compared to the same period last year[6] - Basic and diluted earnings per share were both CNY 0.92, a decrease of 39.47% from CNY 1.52[6] - Total revenue for Q3 2017 reached ¥1,143,480,140.56, an increase of 12.99% compared to ¥1,011,735,053.41 in Q3 2016[28] - Operating income for the first nine months of 2017 was ¥3,399,224,001.39, up from ¥2,946,994,531.82 in the same period last year, reflecting a growth of 15.26%[28] - Net profit attributable to the parent company for Q3 2017 was ¥120,211,929.20, a decrease of 29.49% from ¥170,440,887.27 in Q3 2016[30] - The total comprehensive income for the first nine months of 2017 reached ¥367,665,324.34, down from ¥460,520,575.21 in the previous year, representing a decline of 20.1%[35] Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of CNY 141,077,495.07, a decrease of 376.73% compared to the previous year[6] - Net cash flow from operating activities decreased by CNY 192.06 million, a decline of 376.73%, mainly due to changes in payment methods and an increase in accounts receivable[15] - Operating cash flow for the first nine months was 2,750,257,440.51 RMB, an increase from 2,450,971,469.33 RMB in the same period last year, reflecting a growth of approximately 12.2%[38] - Net cash flow from operating activities was -141,077,495.07 RMB, compared to a positive cash flow of 50,980,720.88 RMB in the previous year, indicating a significant decline[38] - The net increase in cash and cash equivalents was -81,501,954.35 RMB, compared to -183,404,689.62 RMB in the previous year, showing an improvement in cash management[39] - The ending balance of cash and cash equivalents was 190,197,333.18 RMB, down from 544,734,072.02 RMB year-over-year[39] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,469,697,310.82, a decrease of 0.49% compared to the end of the previous year[6] - Total assets as of September 30, 2017, amounted to CNY 5.47 billion, a slight decrease from CNY 5.50 billion at the beginning of the year[22] - Total liabilities as of September 30, 2017, were CNY 656.39 million, compared to CNY 655.07 million at the beginning of the year[23] - Total assets as of the end of Q3 2017 amounted to ¥4,690,559,745.59, slightly down from ¥4,708,636,472.30 at the end of Q2 2017[26] - Total liabilities increased to ¥530,472,022.00 from ¥514,214,073.05 in the previous quarter, marking a rise of 3.93%[26] Shareholder Information - The total number of shareholders at the end of the reporting period was 16,444[9] - The largest shareholder, Hangzhou Foster Technology Group Co., Ltd., held 56.29% of the shares, with 226,290,000 shares pledged[9] Operating Costs and Expenses - Operating costs increased by CNY 659.94 million, a growth of 33.05%, primarily due to the expansion of sales scale[14] - The company reported a total cost of sales of ¥883,857,687.05 for Q3 2017, compared to ¥719,297,914.03 in Q3 2016, indicating a rise of 22.83%[29] - Operating costs for Q3 2017 were ¥744,551,169.66, which is an increase of 26.3% from ¥589,646,946.97 in Q3 2016[34] - The company reported a total of ¥2,176,324,403.04 in operating costs for the first nine months of 2017, up from ¥1,710,904,925.86 in the same period last year, reflecting a rise of 27.2%[34] - The financial expenses for Q3 2017 were ¥5,513,862.25, an increase of 33.5% compared to ¥4,131,208.41 in Q3 2016[34] Investment Activities - Investment activities generated a net cash flow increase of CNY 477.43 million, mainly due to an increase in the net amount of redeeming and purchasing financial products[15] - The company’s investment income for the first nine months of 2017 was ¥105,535,292.34, significantly higher than ¥37,038,314.03 in the same period last year, marking an increase of 185.5%[34] - The company reported a significant increase in investment income received, totaling 37,687,288.42 RMB, compared to 31,806,650.31 RMB in the previous year[39] Other Financial Metrics - The weighted average return on equity decreased by 6.16 percentage points to 7.70%[6] - Other comprehensive income increased by CNY 3.37 million, a growth of 65.32%, mainly due to an increase in foreign currency translation differences[12] - The company’s gross profit margin for Q3 2017 was approximately 21.5%, compared to 29.2% in Q3 2016, indicating a decrease in profitability[34] - The total assets impairment loss for Q3 2017 was ¥30,710,002.86, a decrease of 46.6% from ¥57,524,033.44 in Q3 2016[34] - The company’s tax expenses for Q3 2017 were ¥17,113,194.94, slightly down from ¥17,646,057.00 in the same period last year[34]