SHREG(SZ:000803)2018-10-30 16:00Financial Performance - Operating revenue for the reporting period was CNY 8,995,324.43, representing a year-on-year increase of 46.18%[8] - Net profit attributable to shareholders was a loss of CNY 9,912,822.71, a decrease of 14.08% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 9,946,078.60, down 13.87% year-on-year[8] - Basic earnings per share were CNY -0.08, a decrease of 11.11% compared to the same period last year[8] - The weighted average return on net assets was -11.44%, a decrease of 26.52% compared to the previous year[8] - The net cash flow from operating activities for the year-to-date was CNY -11,688,975.02, down 37.59%[8] Shareholder Information - The total number of shareholders at the end of the reporting period was 5,097[12] - The largest shareholder, Chengdu Jinyu Holdings Group Co., Ltd., held 23.51% of the shares, totaling 30,026,000 shares[12] Revenue and Costs - The company's operating revenue reached CNY 201.61 million, a significant increase of 866.61% compared to the same period last year, primarily due to the consolidation of Zhiling Electric and boiler sales[16] - Operating costs amounted to CNY 153.96 million, reflecting a 575.36% increase year-on-year, driven by the same factors as revenue[16] - Cash inflow from operating activities was CNY 132.83 million, up 373.50% year-on-year, attributed to the consolidation of Zhiling Electric and sales collections from boilers and commercial properties[16] Cash and Equivalents - The company reported a 63.96% decrease in cash and cash equivalents, totaling CNY 23.17 million, mainly due to tax payments for the 2017 fiscal year[16] - The company reported a 57.91% decrease in taxes payable, amounting to CNY 28.69 million, due to tax payments for the previous fiscal year[16] Investments and Subsidiaries - The company reported a net loss from investments of CNY 127,920.15, a drastic decline of 64,699.61% year-on-year, mainly due to the consolidation of Zhiling Electric[16] - The company has completed the cancellation of 68 subsidiaries, with 31 more in the process of cancellation, and has transferred equity of 34 subsidiaries to non-related parties, with 21 still undergoing transfer procedures[21] - The commitments made by the controlling shareholders regarding the disposal of subsidiaries are mostly fulfilled, with a completion deadline set for December 31, 2018[21] - The company established a new subsidiary, Tibet Beikong Intelligent Cloud Technology Co., Ltd., with an investment of CNY 50 million, in collaboration with Tianjin Yunkai Technology Partnership[17] - The company approved an investment of CNY 10 million to establish Tibet Beikong Zhiling Electric Technology Co., Ltd., further expanding its business operations[18] Stock and Market Activity - The company successfully removed the delisting risk warning from its stock, with trading resuming under the name "Jinyu Car City" on October 29, 2018[18] - There are no significant changes in the company's net profit expected for the year, indicating stability in financial performance[22] - The company has been actively communicating with investors regarding its plans to lift restrictions on its stock and progress on private placements[25] Investment Strategy - The company has not engaged in any securities investments during the reporting period, reflecting a conservative investment strategy[23] - There are no derivative investments reported during the period, indicating a focus on core business operations[24] - The company has not provided any external guarantees during the reporting period, ensuring financial integrity[26] - There are no non-operating fund occupations by controlling shareholders or related parties reported, maintaining financial transparency[27]