Financial Performance - In 2019, the company achieved a consolidated net profit attributable to shareholders of 1,851,544.68 RMB, a decrease of 62.94% compared to 2018[5]. - The company's operating income for 2019 was 58,113,308.96 RMB, representing a year-on-year increase of 16.65%[20]. - Basic earnings per share for 2019 were 0.01 RMB, down from 0.03 RMB in 2018, marking a decline of 62.94%[22]. - The net profit attributable to shareholders was 1.85 million RMB, a decrease of 62.94% compared to the previous year[32]. - The company reported a net loss of CNY 278,002,235.51 for the year ended December 31, 2019, compared to a net loss of CNY 279,853,780.19 in 2018, indicating a slight improvement in performance[130]. - The comprehensive income for the year 2019 showed a total increase of CNY 1,851,544.68, compared to a comprehensive income increase of CNY 4,996,180.57 in 2018, indicating a decline of about 63.06% year-over-year[145]. Cash Flow and Assets - The net cash flow from operating activities was 36,723,340.79 RMB, a significant recovery from a negative cash flow of -22,717,926.39 RMB in 2018[20]. - Cash and cash equivalents at the end of the period reached CNY 70.26 million, representing 34.50% of total assets, a 111.52% increase from the previous year[48]. - The cash flow from operating activities for 2019 was CNY 36,723,340.79, a significant improvement from a negative cash flow of CNY 22,717,926.39 in 2018[140]. - Cash and cash equivalents at the end of 2019 increased to CNY 70,258,348.12 from CNY 33,216,640.33 at the end of 2018[140]. - Accounts receivable decreased by 68.35% to CNY 12.64 million, reflecting the collection of receivables from the water environment remediation business[48]. - The total assets at the end of 2019 amounted to 203,654,313.37 RMB, reflecting a growth of 7.52% from the previous year[20]. Business Operations - The automotive interior business contributed significantly to revenue, with sales amounting to 51.75 million RMB, while the rental business generated 6.36 million RMB[38]. - The company ceased its water environment remediation business due to weak profitability and management experience, focusing instead on the automotive interior sector[27]. - The company established Zhengzhou Yulong Automotive Supplies Co., Ltd. to expand its automotive interior business[38]. - The company’s new strategy focuses on expanding into the automotive interior sector, which has significantly contributed to its revenue and profit growth during the reporting period[56]. - The automotive interior products include customized seat covers, curtains, carpets, and dashboard soft packs, which are increasingly important for consumer demand[58]. Research and Development - The total R&D investment amounted to CNY 948,187.92, representing 1.63% of total revenue, with 14 R&D personnel making up 10.53% of the total workforce[45]. - Research and development expenses for 2019 were CNY 948,187.92, indicating ongoing investment in innovation[135]. Shareholder and Governance - The company plans not to distribute profits or increase capital reserves for the 2019 fiscal year due to negative retained earnings[5]. - The total remuneration for the board of directors and senior management during the reporting period amounted to 111 million yuan[98]. - The company has a diverse board with members holding various positions in Yutong Group and its subsidiaries, ensuring a strong governance structure[98]. - The company maintained a strict adherence to information disclosure regulations, ensuring transparency and protecting shareholder interests[109]. - The company has established an independent financial accounting department and management system to ensure operational autonomy[68]. Risks and Future Outlook - The company has outlined potential risks in its future development strategy, emphasizing the need for investor awareness[6]. - The company aims to improve its internal control effectiveness and governance structure to support future business growth[60]. - The company plans to acquire 100% equity of Zhengzhou Yutong Heavy Industry Co., Ltd. to enhance its business growth and profitability[60]. Financial Instruments and Accounting Policies - The company has implemented new financial instrument standards effective January 1, 2019, which classify financial assets into three categories without affecting the reporting period[70]. - The company measures financial instruments at fair value upon initial recognition, with transaction costs accounted for differently based on the classification of the financial asset or liability[164]. - The company recognizes revenue from the sale of goods when the significant risks and rewards of ownership have transferred to the buyer, and the amount can be reliably measured[197].

2019 年第三季度报告 公司代码：600817 公司简称：ST 宏盛 郑州德恒宏盛科技发展股份有限公司 2019 年第三季度报告 1 / 13 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 4 | | 四、 | 附录 | 7 | 2019 年第三季度报告 一、 重要提示 4、本公司第三季度报告未经审计。 二、 公司基本情况 1、主要财务数据 非经常性损益项目和金额 √适用 □不适用 单位：元 币种：人民币 | 项目 | 本期金额 | 年初至报告期末金额 | | --- | --- | --- | | | （7－9 月） | （1-9 月） | | 除上述各项之外的其他营业外收入和支出 | -70,526.75 | -123,171.54 | | 少数股东权益影响额（税后） | 20,708.36 | 36,951.46 | | 所得税影响额 | 17,631.69 | 30,792.89 | | 合计 | -32,186.71 | -55,427.19 | 2、截止报告期末的股东总数、前十名股东、前十名流通股东 ...

2019 年半年度报告 公司代码：600817 公司简称：ST 宏盛 郑州德恒宏盛科技发展股份有限公司 2019 年半年度报告 1 / 66 2019 年半年度报告 重要提示 五、经董事会审议的报告期利润分配预案或公积金转增股本预案 本报告期内无利润分配或公积金转增股本预案。 六、前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的发展战略、经营计划等前瞻性陈述不构成公司对投资者的实质性承诺。投资 者及相关人士应对此保持足够的风险认识，并且应当理解计划、预测与承诺之间的差异，敬请投 资者注意投资风险。 七、是否存在被控股股东及其关联方非经营性占用资金情况 否 八、是否存在违反规定决策程序对外提供担保的情况？ 否 九、重大风险提示 公司已在本报告中详细描述可能存在的相关风险，敬请查阅"第四节经营情况的讨论与分析 中，二、其他披露事项（二）可能面对的风险"部分的内容。 十、其他 □适用 √不适用 2 / 66 一、本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、公司全体董事出席董事会会议。 三、本半年度 ...

2018 年年度报告 公司代码：600817 公司简称：ST 宏盛 西安宏盛科技发展股份有限公司 2018 年年度报告 1 / 85 2018 年年度报告 重要提示 一、本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、公司全体董事出席董事会会议。 三、大华会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、公司负责人曹中彦、主管会计工作负责人梁木金及会计机构负责人（会计主管人员）梁木金 声明：保证年度报告中财务报告的真实、准确、完整。 五、经董事会审议的报告期利润分配预案或公积金转增股本预案 经大华会计师事务所（特殊普通合伙）审计，公司 2018 年度实现合并报表归属于母公司所有 者的净利润 4,996,180.57 元，实现母公司报表净利润-3,932,583.98 元。2018 年度，母公司年初 未分配利润为-289,056,181.91 元，年末可供分配的利润为-292,988,765.89 元。根据《公司法》 和《公司章程》的相关规定，公司 2018 年度拟不进行利润分配， ...

| 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 7 | 2019 年第一季度报告 一、 重要提示 2019 年第一季度报告 公司代码：600817 公司简称：ST 宏盛 西安宏盛科技发展股份有限公司 2019 年第一季度报告 1 / 14 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 单位：元币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度 | | | --- | --- | --- | --- | --- | | | | | 末增减(%) | | | 总资产 | 180,632,192.15 | 189,418,095.90 | | -4.64 | | 归属于上市公司股东的净资 | 101,690,893.13 | 101,570,133.74 | | 0.12 | | 产 | | | | | | | 年初至报告期末 | 上年初至上年报告 | 比上年同期增减(%) | | | | | 期末 | | | | 经营活动产生的现金流量净 | 2,806,864 ...

2018 年第三季度报告 公司代码：600817 公司简称：ST 宏盛 西安宏盛科技发展股份有限公司 2018 年第三季度报告 1 / 22 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 11 | 2018 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 168,832,591.58 174,106,127.99 -3.03 归属于上市公司 股东的净资产 95,825,518.16 96,573,953.17 -0.77 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减(%) 经营活动产生的 现金流量净额 -6,552,915.61 -3,429,821.12 -91.06 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减 （%） 营业收入 15,504,151.49 ...

2018 年半年度报告 公司代码：600817 公司简称：ST 宏盛 西安宏盛科技发展股份有限公司 2018 年半年度报告 1 / 84 2018 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人程涛、主管会计工作负责人曾庆云及会计机构负责人（会计主管人员）唐正声明： 保证半年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 本报告期内无利润分配或公积金转增股本预案。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的发展战略、经营计划等前瞻性陈述不构成公司对投资者的实质性承诺。投资者及 相关人士应对此保持足够的风险认识，并且应当理解计划、预测与承诺之间的差异，敬请投资者 注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 重大风险提示 1、主业经营规模较 ...

2018 年第一季度报告 公司代码：600817 公司简称：*ST 宏盛 西安宏盛科技发展股份有限公司 2018 年第一季度报告 1 / 19 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 9 | 2018 年第一季度报告 一、 重要提示 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | | | | | 减(%) | | | 总资产 | 170,786,560.23 | 174,106,127.99 | | -1.91 | | 归属于上市公司 | 96,989,143.68 | 96,573,953.17 | | 0.43 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的 | -3,526,651.51 | -976,270.42 ...

2017 年年度报告 公司代码：600817 公司简称：*ST 宏盛 西安宏盛科技发展股份有限公司 2017 年年度报告 1 / 127 2017 年年度报告 重要提示 三、 立信会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人程涛、主管会计工作负责人曾庆云及会计机构负责人（会计主管人员）李磊声明： 保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 经立信会计师事务所（特殊普通合伙）审计，公司2017年度实现合并报表归属于母公司所有 者的净利润-1,516,852.68元，实现母公司报表净利润-4,028,893.64元。2017年度，母公司年初 未分配利润为-285,027,288.27元，年末可供分配的利润为-289,056,181.91元。根据《公司法》 和《公司章程》的相关规定，公司2017年度不进行利润分配，也不进行资本公积金转增股本。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的发展战略、经营计划等前瞻性陈述不构成公司对投资者的实质性承诺。投资 者及相关人士应对此保持足够的风险认识，并且应当 ...

[Important Notice](index=3&type=section&id=%E4%B8%80%E3%80%81%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) [Report Authenticity Statement and Audit Status](index=3&type=section&id=1.1-1.4) Management guarantees report truthfulness and completeness; approved by directors, but unaudited - The company's Board of Directors, Supervisory Board, and all directors, supervisors, and senior management guarantee the report's content is true, accurate, and complete, free from false records, misleading statements, or major omissions[5](index=5&type=chunk) - This company's Q3 2017 report is unaudited[5](index=5&type=chunk) [Company Basic Information](index=3&type=section&id=%E4%BA%8C%E3%80%81%20%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) [Key Financial Data](index=3&type=section&id=2.1%20%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) Q3 2017: Total assets down 1.89%, revenue up 20.53%, net profit loss widened, operating cash flow improved 95.10% Key Financial Data and Changes for Q1-Q3 2017 | Indicator | As of Report Period End / Year-to-Date | As of Prior Year-End / Prior Year Same Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Assets (Yuan) | 166,738,342.43 | 169,951,510.99 | -1.89% | | Net Assets Attributable to Shareholders (Yuan) | 96,992,300.24 | 98,090,805.85 | -1.12% | | Operating Revenue (Yuan) | 4,646,616.00 | 3,855,184.62 | 20.53% | | Net Profit Attributable to Shareholders (Yuan) | -1,098,505.61 | -892,710.12 | -23.05% | | Net Cash Flow from Operating Activities (Yuan) | -3,429,821.12 | -69,969,049.97 | 95.10% | - The company did not involve non-recurring gains and losses items[7](index=7&type=chunk) [Shareholder Holding Status](index=4&type=section&id=2.2%20%E6%88%AA%E6%AD%A2%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E7%9A%84%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E3%80%81%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E3%80%81%E5%89%8D%E5%8D%81%E5%90%8D%E6%B5%81%E9%80%9A%E8%82%A1%E4%B8%9C%EF%BC%88%E6%88%96%E6%97%A0%E9%99%90%E5%94%AE%E6%9D%A1%E4%BB%B6%E8%82%A1%E4%B8%9C%EF%BC%89%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of period-end, the company had 8,612 shareholders; top shareholder Lhasa Zhihe held 25.88% unpledged, while second largest Zhang Jincheng had 8 million shares pledged - As of the end of the reporting period, the company had **8,612** shareholders[8](index=8&type=chunk) Top Three Shareholders' Holdings | Shareholder Name | Number of Shares Held | Proportion (%) | Share Status | | :--- | :--- | :--- | :--- | | Lhasa Zhihe Enterprise Management Co., Ltd. | 41,639,968 | 25.88 | None | | Zhang Jincheng | 9,650,009 | 6.00 | Pledged **8,000,000** shares | | Shanghai Hongpu Industrial Investment Co., Ltd. | 5,231,016 | 3.25 | Frozen **5,231,016** shares | [Significant Matters](index=5&type=section&id=%E4%B8%89%E3%80%81%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) [Analysis of Significant Changes in Financial Indicators](index=5&type=section&id=3.1%20%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E9%87%8D%E5%A4%A7%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) Business shift to property leasing caused significant changes: operating costs down, taxes up, management expenses down, and operating cash flow improved 95.10% - The company's core business shift from financial leasing to self-owned property leasing is the primary reason for significant changes in multiple financial indicators[11](index=11&type=chunk) Key Financial Indicator Changes and Reasons for Q1-Q3 2017 | Item Name | YoY Change (%) | Reason for Change | | :--- | :--- | :--- | | Operating Cost | -85.53% | Core business shifted to property leasing, with costs primarily property management fees, lower than financial leasing costs | | Operating Taxes and Surcharges | 2011.24% | Increased property tax and land use tax | | Management Expenses | -47.19% | Reduced personnel and expenses required for property leasing business | | Financial Expenses | 96.26% | Decreased interest income | | Asset Impairment Loss | -100.00% | None occurred in this reporting period | | Net Cash Flow from Operating Activities | 95.10% | Core business shifted from financial leasing to self-owned property leasing | [Progress of Significant Matters](index=7&type=section&id=3.2%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9%E8%BF%9B%E5%B1%95%E6%83%85%E5%86%B5%E5%8F%8A%E5%85%B6%E5%BD%B1%E5%93%8D%E5%92%8C%E8%A7%A3%E5%86%B3%E6%96%B9%E6%A1%88%E7%9A%84%E5%88%86%E6%9E%90%E8%AF%B4%E6%98%8E) Major asset restructuring terminated; stock remains *ST due to low 2016 revenue, prompting new subsidiary for water environment restoration business - The company terminated its planned major asset restructuring in September 2017 due to the inability of transaction parties to agree on key terms such as transaction consideration[12](index=12&type=chunk) - Due to 2016 operating revenue being below **10 million Yuan**, the company's stock continues to be subject to delisting risk warning; if 2017 revenue remains below this threshold, it may face suspension of listing risk[13](index=13&type=chunk) - To expand its business scale, the company has invested in establishing a wholly-owned subsidiary, Jiaxing Zhishan Water Ecological Technology Co., Ltd., to develop water environment restoration business[13](index=13&type=chunk) [Overdue Unfulfilled Commitments](index=8&type=section&id=3.3%20%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E8%B6%85%E6%9C%9F%E6%9C%AA%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E7%9A%84%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9) Ongoing long-term commitments by acquiring parties regarding horizontal competition and related party transactions remain in effect - Commitments made in the acquisition report regarding resolving horizontal competition and related party transactions are still being fulfilled and are long-term effective commitments[15](index=15&type=chunk) [Profit Forecast Warning](index=8&type=section&id=3.4%20%E9%A2%84%E6%B5%8B%E5%B9%B4%E5%88%9D%E8%87%B3%E4%B8%8B%E4%B8%80%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E7%9A%84%E7%B4%AF%E8%AE%A1%E5%87%80%E5%88%A9%E6%B6%A6%E5%8F%AF%E8%83%BD%E4%B8%BA%E4%BA%8F%E6%8D%9F%E6%88%96%E8%80%85%E4%B8%8E%E4%B8%8A%E5%B9%B4%E5%90%8C%E6%9C%9F%E7%9B%B8%E6%AF%94%E5%8F%91%E7%94%9F%E9%87%8D%E5%A4%A7%E5%8F%98%E5%8A%A8%E7%9A%84%E8%AD%A6%E7%A4%BA%E5%8F%8A%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) The company did not provide a forecast for cumulative net profit through the next reporting period - The company did not provide a forecast for the cumulative net profit at the end of the next reporting period in this report[15](index=15&type=chunk) [Appendix](index=9&type=section&id=%E5%9B%9B%E3%80%81%20%E9%99%84%E5%BD%95) [Financial Statements](index=9&type=section&id=4.1%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) Q3 2017 financial statements show stable assets, parent company losses, subsidiary-driven consolidated profit, and improved operating cash flow [Consolidated Balance Sheet](index=9&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of Sep 30, 2017, total assets were 166.7 million Yuan (down 1.89%), mainly investment properties and cash; total liabilities 38.5 million Yuan, parent equity 97.0 million Yuan Consolidated Balance Sheet Key Items (September 30, 2017) | Item | Period-End Balance (Yuan) | Year-Beginning Balance (Yuan) | | :--- | :--- | :--- | | Cash and Cash Equivalents | 53,535,754.47 | 56,965,575.59 | | Investment Properties | 112,980,200.00 | 112,980,200.00 | | **Total Assets** | **166,738,342.43** | **169,951,510.99** | | **Total Liabilities** | **38,499,061.88** | **41,433,193.23** | | Total Equity Attributable to Parent Company Owners | 96,992,300.24 | 98,090,805.85 | | **Total Liabilities and Owners' Equity** | **166,738,342.43** | **169,951,510.99** | [Parent Company Balance Sheet](index=11&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of Sep 30, 2017, parent company total assets were 100.6M Yuan, mainly long-term equity investments and cash; total liabilities 7.18M Yuan, owners' equity 93.4M Yuan Parent Company Balance Sheet Key Items (September 30, 2017) | Item | Period-End Balance (Yuan) | Year-Beginning Balance (Yuan) | | :--- | :--- | :--- | | Cash and Cash Equivalents | 21,539,786.67 | 34,601,699.51 | | Long-term Equity Investments | 78,913,700.00 | 68,913,700.00 | | **Total Assets** | **100,562,091.23** | **103,515,399.51** | | **Total Liabilities** | **7,176,064.13** | **7,118,773.85** | | **Total Owners' Equity** | **93,386,027.10** | **96,396,625.66** | [Consolidated Income Statement](index=13&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) For Q1-Q3 2017, operating revenue was 4.65M Yuan (up 20.53%), operating profit 0.63M Yuan; net loss attributable to parent widened to 1.10M Yuan, minority interest income 0.82M Yuan Consolidated Income Statement Key Items (January-September 2017) | Item | Year-to-Date Amount (Yuan) | Prior Year Year-to-Date Amount (Yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 4,646,616.00 | 3,855,184.62 | | Operating Profit | 631,483.24 | -974,511.12 | | Total Profit | 631,483.24 | 275,447.73 | | Net Profit | -279,037.21 | -165,366.55 | | Net Profit Attributable to Parent Company Owners | -1,098,505.61 | -892,710.12 | | Minority Interest Income/Loss | 819,468.40 | 727,343.57 | [Parent Company Income Statement](index=16&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E5%88%A9%E6%B6%A6%E8%A1%A8) For Q1-Q3 2017, parent company had no operating revenue, incurring a net loss of 3.01M Yuan, wider than prior year's 1.49M Yuan loss, mainly due to management expenses Parent Company Income Statement Key Items (January-September 2017) | Item | Year-to-Date Amount (Yuan) | Prior Year Year-to-Date Amount (Yuan) | | :--- | :--- | :--- | | Operating Revenue | 0.00 | 0.00 | | Operating Profit | -3,010,598.56 | -1,487,609.40 | | Net Profit | -3,010,598.56 | -1,487,809.40 | [Consolidated Cash Flow Statement](index=17&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) For Q1-Q3 2017, net cash flow from operating activities was -3.43M Yuan, significantly improved from -69.97M Yuan; no major investing/financing activities, cash balance 53.54M Yuan Consolidated Cash Flow Statement Summary (January-September 2017) | Item | Year-to-Date Amount (Yuan) | Prior Year Year-to-Date Amount (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -3,429,821.12 | -69,969,049.97 | | Net Cash Flow from Investing Activities | 0.00 | 16,566,954.61 | | Net Cash Flow from Financing Activities | 0.00 | -31,829,049.14 | | Period-End Cash and Cash Equivalents Balance | 53,535,754.47 | 27,866,193.59 | [Parent Company Cash Flow Statement](index=19&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) For Q1-Q3 2017, parent company's net operating cash flow was -3.06M Yuan; investing activities had a 10.00M Yuan net outflow, with period-end cash balance at 21.54M Yuan Parent Company Cash Flow Statement Summary (January-September 2017) | Item | Year-to-Date Amount (Yuan) | Prior Year Year-to-Date Amount (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -3,061,912.84 | 3,674,639.58 | | Net Cash Flow from Investing Activities | -10,000,000.00 | 0.00 | | Net Cash Flow from Financing Activities | 0.00 | 0.00 | | Period-End Cash and Cash Equivalents Balance | 21,539,786.67 | 3,824,035.86 | [Audit Report](index=20&type=section&id=4.2%20%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) This quarterly financial report has not been audited - This quarterly report is unaudited[36](index=36&type=chunk)