FUJIAN JINSEN(SZ:002679)2016-11-09 16:00Financial Performance - Operating revenue for the reporting period was CNY 23,999,564.08, down 52.38% year-on-year, and CNY 62,553,115.82 for the year-to-date, down 47.16% compared to the same period last year[8]. - Net profit attributable to shareholders was CNY 15,528,052.59, a decrease of 9.59% year-on-year, with a year-to-date loss of CNY 6,181,922.29, representing a decline of 135.06%[8]. - Total profit for the reporting period was -¥6,151,947.80, a decrease of 134.52% year-on-year, attributed to the same adverse weather conditions impacting operations[19]. - Net profit for the reporting period was -¥6,181,825.28, reflecting a 135.21% decrease compared to the previous year, again due to production disruptions from weather issues[20]. - The net profit for the third quarter was CNY 9,097,993.58, compared to a net profit of CNY 4,997,699.64 in the previous year, indicating a significant increase[67]. - The total profit for the quarter was CNY 9,097,993.58, compared to CNY 5,041,928.48 in the previous year, showing an increase of 80.7%[67]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -20,209,918.84, an improvement of 86.85% compared to the previous year[8]. - Net cash flow from operating activities was -¥20,209,918.84, improving from -¥141,988,187.02 in the same period last year[77]. - Cash inflow from operating activities totaled ¥62,851,237.25, down 32.5% from ¥93,132,717.83 in the previous period[77]. - Cash outflow from operating activities was ¥83,061,156.09, a decrease of 64.7% compared to ¥235,120,904.85 last year[77]. - Cash and cash equivalents decreased by ¥54,755,114.15, a decline of 427.89%, due to the cumulative effects of the aforementioned factors[26]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,613,882,146.38, a decrease of 2.37% compared to the end of the previous year[8]. - Total liabilities decreased from approximately 928.94 million yuan to about 907.92 million yuan[55]. - The company's total assets decreased to CNY 1,433,606,376.01 from CNY 1,523,700,607.71 at the beginning of the period[58]. - Current assets totaled CNY 1,201,221,326.51, down from CNY 1,295,893,385.43 at the start of the period[58]. - The equity attributable to shareholders of the parent company was CNY 582,148,224.22, down from CNY 611,921,706.64[59]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 8,765, with the top ten shareholders holding 70.32% of the shares[11]. - The company’s profit distribution policy emphasizes reasonable returns to investors while ensuring sustainable development, with cash dividends accounting for at least 35% of distributable profits[41]. - The company has committed to a stable profit distribution policy, with cash dividends making up a minimum of 80% during mature development stages without major capital expenditures[42]. Regulatory and Compliance - The company faced an administrative penalty of ¥300,000 due to false disclosures in its major asset restructuring report, but this will not affect its stock listing status[28]. - The company plans to enhance compliance and governance practices in response to the regulatory investigation and penalties received[28]. - The company has committed to avoiding any form of competition with its subsidiaries to ensure long-term stable development[31]. Investment and Future Plans - The company continued to invest ¥12,000,000.00 in Fujian Galaxy Jin Sen Venture Capital Co., Ltd., an increase of 50% compared to the previous period[23]. - The total investment required for the construction of the commodity material base and acquisition of forest resource assets is 282.2571 million yuan[40]. - The company plans to use 256.6871 million yuan of raised funds to acquire forest resources covering an area of 116,667 mu, with a timber volume of 1,182,379 cubic meters[40].