SSET(SZ:300540)2016-10-28 16:00Financial Performance - Total operating revenue for the reporting period was CNY 93,289,949.25, an increase of 84.38% year-on-year[8]. - Net profit attributable to shareholders was CNY 6,970,242.79, a significant increase of 995.89% year-on-year[8]. - Basic earnings per share rose to CNY 0.11, reflecting a 1,000.00% increase compared to the same period last year[8]. - The weighted average return on equity was 1.63%, a rise of 579.17% year-on-year[8]. - The company achieved operating revenue of RMB 259.74 million in the first three quarters of 2016, an increase of 2.11% compared to the same period last year[26]. - The net profit attributable to shareholders was RMB 35.41 million, a decrease of 1.30% year-on-year[26]. - Total operating revenue for Q3 2016 was CNY 93,289,949.25, an increase of 84.3% compared to CNY 50,596,692.14 in the same period last year[65]. - Net profit for Q3 2016 reached CNY 7,845,707.43, compared to CNY 1,054,769.58 in Q3 2015, representing a significant increase of 644.5%[66]. - The company's total comprehensive income for the year-to-date period was ¥38,350,907.41, compared to ¥36,821,832.75 in the previous year, indicating a growth of approximately 4.1%[78]. Assets and Liabilities - Total assets increased by 27.41% to CNY 933,630,337.92 compared to the end of the previous year[8]. - Net assets attributable to shareholders increased by 113.04% to CNY 629,189,750.43 compared to the end of the previous year[8]. - Current assets increased to CNY 877,068,054.22 from CNY 677,267,935.19, reflecting a growth of approximately 29.5%[55]. - The total liabilities decreased to CNY 281,089,238.39 from CNY 397,114,192.04, a reduction of 29.3%[63]. - The total assets at the end of the third quarter were RMB 933.63 million, with net assets of RMB 629.19 million[26]. - The total liabilities include short-term borrowings of CNY 60,000,000.00, which were not present in the previous period[57]. Cash Flow - The company reported a net cash flow from operating activities of CNY -26,477,615.69, a decrease of 31.16% year-on-year[8]. - Cash and cash equivalents increased by RMB 222.68 million, a significant increase of 891.17%, mainly due to funds raised from the initial public offering[24]. - The cash flow from financing activities increased by RMB 201.65 million, an increase of 860.39%, attributed to the IPO proceeds[25]. - The cash flow from operating activities showed a net outflow of CNY 26,477,615.69, an improvement from a net outflow of CNY 38,462,588.14 in the same quarter last year[85]. - The total cash inflow from financing activities amounted to 375,400,000.00 CNY, compared to 60,000,000.00 CNY in the prior period, showing significant growth in financing[91]. Investments and R&D - Chengdu Deep Cold is investing 50 million yuan in R&D for new technologies aimed at improving product efficiency and reducing costs[42]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[42]. - The company raised a total of RMB 297.30 million from the IPO after deducting issuance costs[27]. Risks and Challenges - The company faces risks related to significant fluctuations in operating performance due to macroeconomic conditions and market competition[10]. - The company has a 10% stake in Changtian Natural Gas, which poses potential risks due to uncertainties in project financing and execution[12]. - Important risk factors and major difficulties affecting future operations are outlined in the risk warning section[34]. Market and Customer Insights - The top five customers generated sales of 81.65 million yuan, constituting 87.52% of total sales, with an increase in revenue compared to the same period last year[31]. - User data indicated that the number of active users for the company's products grew by 20% in Q3 2016, reaching a total of 10,000 users[43]. - The company plans to expand its market presence by entering two new provinces in 2017, aiming for a 30% increase in market share[41].