DDMC(SH:600136)2016-10-30 16:00Financial Performance - Net profit attributable to shareholders increased by 61.68% year-on-year, amounting to CNY 55,037,499.71 for the first nine months[8] - Operating revenue for the first nine months rose by 47.72% year-on-year, totaling CNY 259,080,613.68[8] - The total profit increased by 69.88% to RMB 82,333,063.18, attributed to the consolidation changes from the Double Sword acquisition[18] - Net profit increased by 78.21% to ¥70,884,706.39 compared to ¥39,775,490.24 in the same period last year, primarily due to the acquisition of Double Sword in January 2016[19] - The net profit margin for the first nine months of the year was approximately 29.5%, compared to 23.7% in the same period last year[46] - The company reported a net loss of 10,838,305.40 CNY for the first nine months of 2016, compared to a profit of 78,502,983.52 CNY in the same period last year, highlighting a significant decline in performance[52] - The total comprehensive income for the first nine months of 2016 was -25,753,047.40 CNY, down from 73,475,468.23 CNY in the previous year, indicating a substantial decrease[52] Assets and Liabilities - Total assets increased by 162.07% year-on-year, reaching CNY 3,192,532,971.56 at the end of the reporting period[8] - The company's total equity attributable to shareholders increased by 165.98% to RMB 2,311,889,115.77, due to fundraising from the acquisition[18] - Current liabilities increased to ¥424,708,483.20 from ¥239,511,756.25, which is an increase of approximately 77.0%[39] - The company's total liabilities reached ¥629,934,607.05, compared to ¥113,751,821.14 at the start of the year, indicating a growth of 453.5%[44] - The total non-current assets grew to ¥1,633,261,420.95 from ¥415,378,289.88, showing an increase of about 292.5%[39] Cash Flow - The company reported a cash flow from operating activities of -CNY 169,397,734.42 for the first nine months, indicating a negative cash flow situation[8] - Cash inflow from operating activities for the period reached CNY 428,499,684.42, a significant increase from CNY 134,683,273.87 in the previous year, representing a growth of approximately 218%[54] - The net cash flow from operating activities was negative at CNY -169,397,734.42, worsening from CNY -88,078,558.12 year-over-year[54] - Total cash inflow from financing activities amounted to CNY 1,138,500,000.00, up from CNY 358,799,999.78, indicating a growth of about 217%[55] - Cash and cash equivalents at the end of the period totaled CNY 384,662,438.99, a substantial rise from CNY 64,480,585.28 year-over-year[55] Shareholder Information - The total number of shareholders reached 19,188 by the end of the reporting period[13] - The largest shareholder, Wuhan Xinxing Hanyi Chemical Co., Ltd., holds 16.47% of shares, with 80,262,230 shares pledged[13] Acquisitions and Investments - The company completed the acquisition of Nais International in June 2016, impacting the consolidated financial results significantly[20] - The company announced plans for a non-public stock issuance to support ongoing restructuring efforts, with details to be disclosed in upcoming announcements[21] - The acquisition strategy includes significant asset restructuring to enhance market position and operational efficiency[25] - The company has committed to avoiding competition with its subsidiaries and ensuring independence in operations following the acquisition of major assets[32] Operational Expenses - Management expenses for the first nine months of 2016 were 15,626,075.96 CNY, significantly higher than 7,968,051.41 CNY in the same period last year, indicating an increase of about 96.5%[51] - Financial expenses for the first nine months of 2016 were 9,263,247.51 CNY, compared to a negative 125,346.37 CNY in the same period last year, showing a substantial increase in financial costs[51] Other Financial Metrics - Basic and diluted earnings per share dropped by 47.83% to CNY 0.12[9] - The weighted average return on equity decreased by 2.39 percentage points to 2.59% compared to the previous year[8] - Tax expenses skyrocketed by 915.25% to ¥57,619,119.99 from ¥5,675,343.76, driven by increased VAT and income tax payments[19]