ZMNY(SH:600163)2016-10-27 16:00Financial Performance - Operating revenue for the first nine months was ¥236,713,719.86, down 56.38% year-on-year[7]. - Net profit attributable to shareholders of the listed company was ¥58,819,270.50, a significant recovery from a loss of ¥49,206,126.76 in the previous year[7]. - The weighted average return on net assets improved to 3.91% from -3.995%[7]. - Basic and diluted earnings per share were both ¥0.059, compared to a loss of ¥0.052 per share in the same period last year[7]. - The total profit for the first nine months was ¥76,345,687.68, compared to a loss of ¥24,690,236.14 in the same period last year[43]. - The company experienced a net loss of ¥614,820.51 for the first nine months, compared to a loss of ¥117,261,330.61 in the same period last year[46]. - The company reported a significant increase in management expenses, which rose to ¥10,407,017.97 in Q3, compared to ¥5,640,949.63 in the previous year[43]. - Investment income for the first nine months was ¥1,415,916.67, down from ¥16,809,361.99 year-over-year[43]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,979,734,075.79, a slight increase of 0.22% compared to the previous year-end[7]. - Current assets totaled CNY 660,937,279.12, compared to CNY 654,405,722.42 at the start of the year, reflecting a modest increase[35]. - Total liabilities decreased to CNY 1,383,850,305.03 from CNY 1,427,865,049.25, a reduction of approximately 3.1%[36]. - The company's equity attributable to shareholders increased to CNY 1,533,695,800.98 from CNY 1,474,876,530.48, marking an increase of about 4%[36]. - The total owner's equity as of September 30, 2016, was CNY 1,595,883,770.76, up from CNY 1,545,313,731.02 at the beginning of the year, an increase of about 3.3%[36]. Cash Flow - Net cash flow from operating activities decreased by 49.21% to ¥147,951,313.79 compared to the previous year[7]. - Cash inflow from operating activities was CNY 310,637,259.72, down 59.68% from CNY 770,390,224.47 in the previous year, mainly due to the asset restructuring[17]. - The ending cash and cash equivalents balance was CNY 430,623,132.71, up from CNY 333,506,704.11 at the end of the previous year[49]. - Total cash inflow from operating activities was CNY 383,536,805.81, slightly down from CNY 420,748,975.75 year-on-year[51]. - The cash and cash equivalents net increase for the period was CNY -19,150,259.91, contrasting with an increase of CNY 220,815,725.07 in the previous year[51]. Shareholder Information - The total number of shareholders at the end of the reporting period was 28,335[11]. - The largest shareholder, Fujian Investment Development Group, held 46.20% of the shares[11]. Commitments and Governance - The company has committed to ensuring the independence of its senior management, including the general manager and financial personnel, who will not hold positions in other enterprises controlled by the company[23]. - The company guarantees the independence of its assets, ensuring that all assets are under its control and not used unlawfully by other enterprises[23]. - The company is committed to maintaining an independent corporate governance structure, including a separate board of directors and supervisory board[23]. - The company has pledged to compensate for any economic losses incurred by the company due to violations of these commitments[23]. - The company guarantees that it will not obtain any improper benefits through related party transactions with listed companies and their controlled enterprises[27]. Project Developments - The company announced the establishment of joint venture project companies for wind and solar power projects in the Changji Prefecture area on August 10, 2016[18]. - The approval for the land use rights for the Zhongcuo Wind Farm was finally obtained on June 6, 2016, after multiple coordination efforts with local authorities[29]. - The company is actively working to ensure the completion of land use rights for the 5MW wind turbine prototype project by the end of 2016[29]. - The company is currently processing the necessary approvals for land use conversion related to the 5MW wind turbine project[29].