THGW(SH:600365)2016-10-27 16:00Financial Performance - Operating revenue increased by 32.55% to CNY 375,848,515.66 for the first nine months of the year[7] - Net profit attributable to shareholders decreased by 44.71% to CNY 1,030,885.73 compared to the same period last year[7] - Operating profit increased by CNY 9.14 million, a growth of 67.76% driven by reduced financial expenses and increased revenue[14] - Net profit attributable to the parent company decreased by CNY 0.83 million, a decline of 44.71% due to reduced non-operating income and increased non-operating expenses[15] - Net profit for the quarter was CNY 3,237,223.23, recovering from a net loss of CNY 2,038,973.57 in the previous year[29] - The net profit for Q3 2023 was a loss of ¥5,329,098.80, compared to a profit of ¥2,332,189.67 in Q3 2022[32] Cash Flow - Net cash flow from operating activities turned negative at CNY -51,191,265.56, a decrease of 165.55% year-on-year[7] - Net cash flow from operating activities decreased by CNY 129.29 million, a decline of 165.55% compared to the previous year[16] - Cash flow from operating activities showed a net outflow of ¥51,191,265.56 for the first nine months of 2023, compared to a net inflow of ¥78,097,314.04 in the same period last year[34] - Net cash flow from operating activities was negative at CNY -7,850,441.47, a decline from CNY 20,089,679.65 in the previous year[38] - The net cash flow from investment activities was CNY -68,429,283.00, showing an improvement compared to CNY -171,989,223.08 in the previous year[38] Assets and Liabilities - Total assets decreased by 8.04% to CNY 904,461,147.51 compared to the end of the previous year[7] - Total assets decreased from CNY 983.58 million at the beginning of the year to CNY 904.46 million[20] - Current liabilities decreased from CNY 256.93 million to CNY 168.15 million, indicating improved liquidity[21] - The company reported a total asset balance of CNY 795,122,392.92 at the end of the period, down from CNY 805,917,185.42 at the beginning of the year[25] - The total liabilities decreased to CNY 52,984,148.70 from CNY 58,798,588.28, indicating a reduction in financial obligations[25] Shareholder Information - The total number of shareholders reached 34,615, with the largest shareholder holding 10.71% of the shares[11] Revenue and Costs - Operating costs rose by CNY 89.10 million, an increase of 42.30% due to changes in sales structure[14] - Total operating costs for the quarter were CNY 136,200,773.10, up from CNY 99,962,757.81, reflecting a year-over-year increase of 36.2%[28] - The total operating expenses increased significantly, with sales expenses rising to ¥5,194,890.72 from ¥610,545.01 in the previous year, marking an increase of 748.67%[32] - The total operating costs for the first nine months of 2023 were ¥29,183,134.45, down from ¥34,237,545.04 in the previous year, a decrease of 14.77%[32] Earnings Per Share - Basic and diluted earnings per share both decreased by 40% to CNY 0.003[7] - Basic earnings per share for the quarter were CNY -0.003, compared to CNY -0.006 in the same period last year[29] - The basic and diluted earnings per share for Q3 2023 were both -¥0.013, compared to ¥0.006 in Q3 2022[32] Receivables and Prepayments - Accounts receivable increased by 37.36% to CNY 84,076,079.29 due to increased sales activities[12] - Other receivables surged by 279.66% to CNY 103,458,812.25, reflecting increased business with clients[12] - Prepayments increased by 203.59% to CNY 40,826,332.07, indicating higher advance payments received[13] - Accounts receivable increased from CNY 61.21 million to CNY 84.08 million, indicating potential collection issues[19] Cash and Cash Equivalents - Cash and cash equivalents decreased from CNY 234.35 million to CNY 98.03 million, reflecting cash flow challenges[19] - The company’s cash and cash equivalents decreased to CNY 73,628,414.82 from CNY 149,908,139.29 at the beginning of the year[25] - The ending balance of cash and cash equivalents was CNY 73,628,414.82, down from CNY 113,462,544.50 in the previous year[39]