GHMC(SZ:000523)2018-10-29 16:00Financial Performance - Operating revenue for the reporting period was CNY 2,959,548,821.91, a decrease of 0.48% year-on-year[8] - Net profit attributable to shareholders decreased by 28.95% to CNY 3,850,142.63 for the reporting period[8] - Basic earnings per share decreased by 40.00% to CNY 0.006 for the reporting period[8] - The weighted average return on net assets was 0.21%, a decrease of 0.09% compared to the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -1,066,967.45, a decrease of 122.23%[8] Assets and Liabilities - Total assets increased by 33.94% to CNY 6,446,074,726.02 compared to the end of the previous year[8] - Accounts receivable increased by 51.59% to CNY 3,397,304,342.51 due to business expansion and extended credit terms[14] - Inventory rose by 123.77% to CNY 782,651,988.36 as the company increased material stock to mitigate procurement costs amid rising material prices[14] - Short-term borrowings increased by 85.09% to CNY 1,224,074,688.95 to support business expansion and enhance liquidity[14] - Financial expenses increased by 45.27% to CNY 57,412,959.48 due to rising market interest rates and increased short-term borrowings[14] Cash Flow - The net cash flow from operating activities decreased by 21.38% to CNY -60,684,840.27 year-to-date[8] - The company’s cash flow from financing activities showed a significant decline of 177.84%, resulting in a net cash flow of -CNY 110,793,570.55 due to increased bank guarantees[14] Shareholder Information - The total number of shareholders at the end of the reporting period was 36,240[10] - The largest shareholder, Guangzhou Light Industry Trade Group Co., Ltd., holds 30.04% of the shares[10] - The company’s total share capital increased from 522,944,271 shares to 627,533,125 shares following a cash dividend distribution and capital reserve conversion[16] Government Subsidies - Government subsidies recognized in the current period amounted to CNY 14,386,497.60[9] - The company received a government subsidy of CNY 8 million for its subsidiary, Guangzhou Qihua, as a one-time settlement incentive for establishing operations in the Guangzhou Development Zone[18] Business Expansion and Acquisitions - The company plans to acquire 97.42% of Guangzhou Baihua Flavoring Co., Ltd. and 100% of Guangzhou Huatang Food Co., Ltd. through cash transactions[17] - The company plans to transfer 25% equity of Jiangsu Qiheng Agricultural Technology Co., Ltd., with the transaction price to be determined based on an assessment report from a qualified evaluation company[20] - The company is in the process of acquiring 97.42% equity of Guangzhou Baihua Flavoring Co., Ltd. and 100% equity of Guangzhou Huatang Food Co., Ltd.[22] Other Financial Activities - The company has not reported any overdue commitments from actual controllers, shareholders, or related parties during the reporting period[24] - There are no significant changes expected in the cumulative net profit for the year compared to the same period last year[25] - The company has not engaged in any securities investment during the reporting period[26] - There are no derivative investments reported during the reporting period[27] - The company has not received any external guarantees during the reporting period[29] - There are no non-operating fund occupations by controlling shareholders or related parties reported during the reporting period[30] - The company has not conducted any research, communication, or interview activities during the reporting period[28]