RIKE CHEM(SZ:300214)2016-10-27 16:00Financial Performance - Net profit attributable to shareholders was CNY 22,076,962.15, down 30.52% year-on-year[9]. - Total operating revenue for the reporting period was CNY 408,154,670.35, an increase of 12.29% compared to the same period last year[9]. - Basic earnings per share were CNY 0.05, a decrease of 37.50% year-on-year[9]. - The net cash flow from operating activities for the year-to-date was CNY 32,262,888.45, down 48.19%[9]. - The weighted average return on equity was 1.65%, a decrease of 0.83% compared to the previous year[9]. - The company reported a total profit of $88,723,047.56, down from $103,883,472.50, which is a decrease of approximately 14.5%[79]. - Net profit for the current period is $66,538,685.79, down from $82,037,489.28, which is a decrease of around 18.8%[79]. - Earnings per share (EPS) for the current period is $0.16, compared to $0.20 in the previous period, showing a decline of 20%[80]. Asset and Liability Management - Total assets at the end of the reporting period were CNY 1,483,467,694.20, a decrease of 4.38% compared to the end of the previous year[9]. - The company's total assets decreased to CNY 1,387,518,665.97 from CNY 1,506,379,439.68, a decline of 7.9%[69]. - The company's current assets decreased from 970.85 million RMB to 858.59 million RMB during the reporting period[63]. - The company's total liabilities decreased from 231.96 million RMB to 137.99 million RMB, reflecting a significant reduction[65]. - Current liabilities totaled CNY 83,398,155.09, significantly lower than CNY 222,812,256.30 in the previous year, indicating improved liquidity[69]. Cash Flow Analysis - Cash flow from operating activities generated a net amount of $32,262,888.45, down from $62,267,380.04, a decrease of approximately 48%[86]. - The net cash flow from operating activities was -25,488,512.93 CNY, a decrease compared to 36,528,100.30 CNY in the previous period[89]. - Cash inflow from operating activities totaled 694,417,659.35 CNY, down from 790,780,075.64 CNY year-over-year, representing a decline of approximately 12.2%[89]. - The ending balance of cash and cash equivalents was 175,174,856.87 CNY, down from 243,266,364.06 CNY year-over-year, a decline of about 28.0%[90]. Market and Competitive Environment - The company faces risks from fluctuations in raw material prices, which could impact profit margins and future profitability[11]. - Increased competition in the market has led to a decline in product gross margins compared to the previous year[12]. - The company is facing risks from raw material price volatility and intensified competition, which could affect profit margins[30][31]. Investment and Project Management - The company plans to conduct a non-public offering of shares, pending approval from regulatory authorities[14]. - The total amount of raised funds is 694.49 million CNY, with no funds utilized in the current quarter[46]. - The project for producing 25,000 tons of plastic modifier (ACR) has achieved an investment completion rate of 105.84%[46]. - The company has adopted a cautious investment strategy to improve the efficiency of raised fund usage and investment returns[47]. Corporate Governance and Compliance - The company has promised to maintain the integrity of its financial practices, ensuring no conflicts of interest or unfair benefits are provided to other entities[42]. - The company has committed to a non-public stock issuance, with a penalty of 5% of the subscribed amount for any delays in capital contribution[43]. - The company has emphasized the importance of compliance with the relevant laws and regulations regarding its stock issuance and corporate governance[43].