LEEJUN(SZ:002651)2015-10-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 21.22% to CNY 40,968,606.77 for the reporting period[6] - Operating revenue for the period was CNY 155,376,237.20, a slight increase of 0.52% year-on-year[6] - Basic earnings per share decreased by 20.00% to CNY 0.04 for the reporting period[6] - The weighted average return on equity was 2.28%, down 0.58% from the previous year[6] - The company's operating revenue for the first nine months of 2015 was CNY 384,880,903.55, a decrease of 36.79% compared to CNY 608,885,391.07 in the same period of 2014[19] - The net profit for the first nine months of 2015 was CNY 103,302,677.41, down 54.90% from CNY 229,076,716.15 in the previous year[21] - The estimated net profit attributable to shareholders for 2015 is projected to be between ¥10,431.22 million and ¥18,254.63 million, representing a decrease of 30% to 60% compared to 2014's net profit of ¥26,078.04 million[29] - The net profit for the current period was ¥40,907,222.15, a decrease of 5.3% from ¥43,063,604.07 in the previous period[45] - The total profit for the current period is CNY 130,244,500.12, down 44.1% from CNY 233,041,192.02 in the previous period[50] Cash Flow - The net cash flow from operating activities decreased by 79.61% to CNY 34,517,526.66 year-to-date[6] - The net cash flow from operating activities for the period was ¥44,471,790.35, a decrease of 72.6% compared to ¥162,389,068.86 in the previous period[55] - Cash flow from operating activities generated a net amount of CNY 34,517,526.66, significantly lower than CNY 169,251,355.15 in the previous period[52] - Cash outflow from financing activities was ¥159,426,533.46, down from ¥272,241,376.62 in the previous period[55] - The ending balance of cash and cash equivalents was ¥475,700,406.33, a decrease from ¥586,235,797.08 in the previous period[55] Assets and Liabilities - Total assets increased by 6.72% to CNY 2,484,070,670 compared to the end of the previous year[6] - The company's accounts receivable increased by CNY 19,460,618.80, representing a 31.00% increase compared to the end of 2014[15] - The company’s total liabilities increased significantly, with other payables rising by CNY 250,371,110.38, a growth of 20,013.17%[15] - Total current liabilities rose to CNY 699,584,348.96 from CNY 474,940,911.85, an increase of about 47.3%[41] - The company's total liabilities reached CNY 704,597,972.93, up from CNY 482,298,475.79, reflecting an increase of approximately 46.2%[41] Acquisitions - The company completed the acquisition of Chengdu Dekun Aviation Equipment Manufacturing Co., Ltd. for CNY 370 million in September 2015[3] - The acquisition was approved by the board and shareholders on August 24 and September 10, 2015, respectively[23] - Chengdu Dekun is now a wholly-owned subsidiary of the company following the completion of the equity transfer procedures on September 22, 2015[24] - The company is in the process of planning the acquisition of Chengdu Sanhang Electromechanical Co., Ltd., but there has been no substantial progress as of the report date[24] - The company plans to use RMB 321 million from its initial public offering and surplus funds for the acquisition of Chengdu Dekun[25] Shareholder Information - The total number of shareholders at the end of the reporting period was 25,241[11] - Major shareholders, He Yamin and He Jia, collectively hold 67.24% of the company's shares[11] - The company has committed to not reducing shareholdings for 12 months starting from July 7, 2015, ensuring stability in ownership[28] Operational Efficiency - The company reported a significant increase in prepayments, which rose by CNY 17,905,399.97, a 238.67% increase year-on-year[15] - Inventory decreased to CNY 192,432,934.32 from CNY 211,699,558.08, suggesting improved inventory management[37] - The company incurred sales expenses of CNY 18,074,792.98, a decrease from CNY 22,300,211.00 in the previous period[50] Compliance and Governance - The company has committed to avoiding any business activities that may compete with its own operations[27] - The company has implemented measures to ensure compliance with commitments made during the stock reform process[27] - The company has received consent from independent directors and the supervisory board regarding the acquisition[26]