*ST佳沃(300268) - 2016 Q3 - 季度财报

Financial Performance - Total revenue for the reporting period was CNY 1,427,292.44, representing a significant increase of 1,401.15% year-on-year[7]. - Net profit attributable to shareholders was a loss of CNY 2,980,876.55, an increase in loss of 48.11% compared to the same period last year[7]. - The net cash flow from operating activities was a negative CNY 6,391,507.65, reflecting a decrease of 70.51% year-to-date[7]. - Basic earnings per share were CNY -0.0222, a decrease of 48.25% compared to the same period last year[7]. - The net loss for the quarter was CNY 2,980,876.55, an improvement compared to a net loss of CNY 5,744,865.53 in the previous year, reflecting a reduction of approximately 48.0%[42]. - The company reported an accumulated net profit loss for the year due to being in an industrial adjustment period, with no production activities conducted[27]. - Total operating revenue for the current period was CNY 1,572,043.38, a decrease of 73.8% compared to CNY 5,986,027.36 in the previous period[47]. - Net profit for the current period was CNY -8,147,958.29, an improvement from CNY -19,372,294.65 in the previous period[48]. - Total comprehensive income for the current period was CNY -8,147,958.29, an improvement from CNY -19,372,294.65 in the previous period[48]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 234,108,492.44, a decrease of 12.03% compared to the previous year[7]. - Total current assets decreased from ¥51,694,979.55 to ¥44,307,571.41, a reduction of approximately 14.4%[33]. - Non-current assets decreased from ¥214,425,941.66 to ¥189,800,921.03, a decline of about 11.5%[34]. - Total liabilities decreased from ¥61,099,798.72 to ¥37,235,328.24, a decline of about 39.0%[35]. - The total liabilities decreased to CNY 20,080,224.51 from CNY 43,454,706.27, a reduction of about 53.8%[39]. - The company's equity totaled CNY 202,685,720.75, down from CNY 205,021,122.49, a slight decrease of about 1.1%[39]. Cash Flow - Cash and cash equivalents decreased by 55.24% compared to the beginning of the period, primarily due to daily expenses and repayment of payables[17]. - The company's cash and cash equivalents decreased from ¥10,150,925.67 to ¥4,543,182.46, a decline of approximately 55.3%[33]. - The net cash flow from operating activities for the third quarter was -6,391,507.65 CNY, compared to -21,670,933.74 CNY in the same period last year, indicating an improvement[55]. - Total cash inflow from investment activities was 23,166,666.67 CNY, while cash outflow was 1,796,180.00 CNY, resulting in a net cash flow of 21,370,486.67 CNY, a significant increase from -58,560,400.04 CNY in the previous year[55]. - The net cash flow from financing activities was -20,586,722.23 CNY, compared to -33,379,654.16 CNY in the same period last year, showing a reduction in cash outflow[55]. Shareholder Information - The top shareholder, Taoyuan County Xianghui Agricultural Investment Co., Ltd., holds 26.57% of shares, amounting to 35,598,919 shares, with 35,000,000 shares pledged[11]. - The company reported a total of 5,602 common shareholders at the end of the reporting period[11]. Operational Adjustments - The company is currently in an industry adjustment period and has not commenced production activities, with expected cumulative net profit losses until the next reporting period[9]. - The company has committed to maintaining the independence of Wanfushengke in terms of personnel, assets, finance, and operations[23]. - The company guarantees that Wanfushengke will have an independent financial accounting system and decision-making capability[24]. - The company has established a compensation fund of RMB 300 million for investors affected by the false financial reporting incident from 2008 to 2011[24]. - The company will take measures to minimize related party transactions with Wanfushengke[23]. - The company has committed to not engaging in businesses that compete with Wanfushengke[23]. - The company aims to optimize Wanfushengke's asset structure and enhance its profitability and sustainability[24]. Expenses and Income - Cash received from sales of goods and services decreased by 71.26% year-on-year, mainly due to a significant decrease in operating revenue[17]. - Cash paid for purchasing goods and services decreased by 94.34% year-on-year, primarily due to a significant reduction in raw material purchases[17]. - The company reported an investment income of CNY 3,166,666.67 for the current period[48]. - The company recorded other income of CNY 130,000.00, compared to CNY 501,000.05 in the previous year, indicating a decrease of about 74.0%[42]. - The company experienced an asset impairment loss of CNY 1,432,008.83, a decrease from CNY 4,632,236.60 in the previous period[48]. - The company reported a significant reduction in management expenses, which fell to CNY 3,957,246.84 from CNY 5,379,228.84, a decrease of approximately 26.4%[42].