TCKG(SH:600112)2016-10-25 16:00Financial Performance - Operating revenue decreased by 20.94% to CNY 413,196,631.35 for the first nine months compared to the same period last year[6] - Net profit attributable to shareholders decreased by 32.51% to CNY 1,392,254.66 for the third quarter[7] - The company reported a net loss of CNY 77,971,073.19 for the current period, compared to a net loss of CNY 73,032,672.15 in the previous period[30] - The company reported a total profit of -12,140,466.20 CNY for the first nine months of 2016, a significant decline from 48,442,388.15 CNY in the previous year[36] - The total comprehensive income for Q3 2016 was -629,020.40 CNY, compared to 1,133,081.88 CNY in the previous year[34] Cash Flow - Net cash flow from operating activities improved significantly, increasing by 444.43% to CNY 6,933,148.25 for the first nine months[6] - Cash inflows from operating activities totaled 495,458,338.42 RMB, down from 619,149,550.52 RMB year-on-year, representing a decrease of approximately 20%[39] - The net cash flow from operating activities was 6,933,148.25 RMB, a significant improvement from -2,012,958.89 RMB in the previous year[39] - Cash inflows from financing activities amounted to 780,200,000.00 RMB, an increase from 746,200,000.00 RMB in the previous year[40] - The net cash flow from financing activities was 218,649,052.33 RMB, compared to -11,879,843.32 RMB in the same period last year[40] Assets and Liabilities - Total assets increased by 14.99% to CNY 2,735,636,092.41 compared to the end of the previous year[6] - The company’s total liabilities increased by 55.51% in accounts payable, reaching CNY 120,550,000.00, due to an increase in bill settlement methods[16] - Current liabilities amounted to CNY 1,057,477,449.63, an increase of 50.4% from 703,490,688.03 at the beginning of the year[29] - Total liabilities were CNY 1,570,754,433.03, up 28.7% from CNY 1,219,535,528.39 at the beginning of the year[27] - Non-current assets totaled CNY 1,820,288,149.22, an increase of 16.8% from CNY 1,557,687,467.46 at the beginning of the year[29] Shareholder Information - The total number of shareholders reached 51,847 by the end of the reporting period[13] - The largest shareholder, Yinhai Tiancheng Group, holds 18.34% of the shares, with 93,403,800 shares pledged[13] Investment and Financing Activities - The company plans to issue up to 129,147,842 shares at a price of CNY 9.78 per share, aiming to raise CNY 126,306.59 million for various projects[18] - The company has established a financial leasing company in collaboration with Moutai Group and Guiyang Bank, focusing on the new energy industry and ecological tourism[19] - The company invested CNY 1.2 million to acquire a 74% stake in Paytong International Financing Leasing Co., which has been included in the consolidated financial statements since August 2016[20] Earnings and Expenses - Basic and diluted earnings per share increased by 21.35% to CNY 0.0108[7] - Operating expenses for the first nine months included sales expenses of 1,212,905.09 CNY and management expenses of 23,285,432.90 CNY, reflecting a cost control challenge[36] - The financial expenses for the first nine months were 19,792,141.92 CNY, down from 32,707,051.48 CNY in the previous year, indicating some improvement in financial management[36] Other Financial Metrics - The weighted average return on net assets increased by 0.1133 percentage points to 0.4722%[7] - The company reported a significant increase in impairment losses of 136.75%, amounting to CNY 2,518,466.65, due to provisions made during the reporting period[17] - The company’s prepayments increased by 64.71% to CNY 93,272,053.23, primarily due to advance payments for materials[16]