HT-SAAE(SH:600151)2014-10-20 16:00Financial Performance - Operating revenue for the first nine months rose by 13.50% to CNY 2,179,300,347.74 year-on-year[6] - Net profit attributable to shareholders decreased by 81.93% to CNY 36,206,011.96 compared to the same period last year[6] - Basic and diluted earnings per share dropped by 81.88% to CNY 0.029[7] - The company's net profit for Q3 2014 was CNY 31,872,249.64, a decrease of 86.40% compared to CNY 234,363,674.53 in the same period last year[14] - Total profit decreased by 83.37% to CNY 39,482,316.92, compared to CNY 237,415,867.05 in the previous year[14] - The company reported a net loss of CNY 554,468,501.89 in retained earnings, compared to a loss of CNY 546,918,217.45 at the beginning of the year[37] - Comprehensive income for Q3 2014 was a loss of ¥12,184,166.05, compared to a gain of ¥44,474,000.05 in Q3 2013[45] Cash Flow - Net cash flow from operating activities for the first nine months was CNY -599,995,583.21, a significant decline from CNY -3,256,900.63 in the previous year[6] - The net cash flow from operating activities decreased by ¥596,738,682.58, resulting in a total of -¥599,995,583.21, primarily due to increased accounts receivable from significant growth in component sales and increased procurement costs for self-built power stations[17] - The net cash flow from investing activities decreased by ¥537,450,996.51, totaling -¥714,059,558.70, attributed to increased total power station development and a decrease in equity transfer payments[17] - The net cash flow from financing activities increased by ¥1,050,796,320.52, reaching ¥1,151,682,472.74, due to new project borrowings and working capital loans[17] - The cash inflow from operating activities was CNY 1,922,967,803.58, compared to CNY 1,718,070,975.75 in the previous period, showing an increase of about 11.9%[50] - The cash outflow for purchasing goods and services was CNY 1,902,399,753.14, which increased from CNY 1,287,063,196.23, marking a rise of approximately 47.8%[50] - The cash and cash equivalents at the end of the period totaled CNY 649,738,007.71, down from CNY 878,726,505.88 in the previous period, a decrease of about 26.0%[51] Assets and Liabilities - Total assets increased by 11.06% to CNY 8,686,637,380.91 compared to the end of the previous year[6] - Current liabilities rose to CNY 2,620,557,775.11, compared to CNY 2,194,252,988.33, marking an increase of about 19.05%[37] - Long-term borrowings increased to CNY 2,067,270,000.00 from CNY 1,608,420,000.00, reflecting a growth of approximately 28.53%[37] - The total liabilities reached CNY 4,904,386,066.71, up from CNY 4,022,136,291.84, indicating an increase of around 21.91%[37] - The company's total equity decreased slightly to CNY 3,782,251,314.20 from CNY 3,799,698,781.32, a decline of about 0.45%[37] - Non-current assets totaled CNY 4,734,699,361.50, up from CNY 4,142,109,180.24, indicating an increase of approximately 14.29%[40] Shareholder Information - The total number of shareholders reached 131,173 by the end of the reporting period[9] - The largest shareholder, Shanghai Aerospace Industry (Group) Co., Ltd., holds 31.86% of the shares[9] Investments and R&D - The company is focusing on R&D expenditures, which increased by 34.48% to CNY 129,950,054.87 for automotive electronics technology projects[16] - The company reported a 43.22% decline in investment income to CNY 100,150,796.49, due to fewer equity transfers compared to the previous year[14] - The company increased its investment in Huadian Jiayuguan New Energy Co., Ltd. by ¥15 million, saving ¥15 million from the original planned investment due to a decrease in component prices and cost control[19] Market Competition and Future Outlook - The company and its major shareholders have made commitments to avoid competition in the market, ensuring no direct or indirect competition with the company's products[20] - The non-competition commitments are limited to the civilian product market and do not include military products[20] - The company expects a significant decline in cumulative net profit compared to the same period last year due to operational losses from its remaining investment in Inner Mongolia Shenzhou Silicon Industry, with an estimated impairment amount between CNY 120 million and CNY 247 million[22]