TYHI(SH:600169)2016-11-14 16:00Financial Performance - Operating revenue for the first nine months decreased by 51.28% to CNY 2.21 billion compared to the same period last year[6]. - Net profit attributable to shareholders was a loss of CNY 980.77 million, a decrease of 9,119.15% compared to the same period last year[6]. - Basic and diluted earnings per share were both negative CNY 0.4046, a decrease of 9,091.11% compared to the same period last year[7]. - The company expects a significant decline in cumulative net profit for the year due to decreased sales volume and prices of major products amid economic adjustments and competitive pressures[14]. - The net loss for Q3 2016 was ¥388,774,840.20, compared to a net profit of ¥3,256,081.14 in Q3 2015, indicating a significant decline in profitability[26]. - Operating profit for the first nine months of 2016 was a loss of ¥1,003,434,438.03, compared to a loss of ¥23,743,907.52 in the same period of 2015[26]. - The company reported a total of ¥2,208,033,535.99 in revenue for the first nine months of 2016, down from ¥4,532,290,784.96 in the same period of 2015[24]. - Total comprehensive income for Q3 2016 was a loss of approximately ¥839 million, compared to a loss of ¥39 million in the same period last year[33]. Assets and Liabilities - Total assets decreased by 3.90% to CNY 27.29 billion compared to the end of the previous year[6]. - Net assets attributable to shareholders decreased by 18.01% to CNY 4.46 billion compared to the end of the previous year[6]. - Total current assets decreased from ¥20,558,898,620.90 at the beginning of the year to ¥19,375,732,342.22, a decline of approximately 5.75%[17]. - Total liabilities decreased from ¥22,960,192,359.40 to ¥22,801,546,136.79, a decline of about 0.69%[19]. - The total equity attributable to shareholders decreased from ¥5,435,486,714.11 to ¥4,456,493,827.56, a decline of approximately 18.06%[19]. - The company’s total assets as of Q3 2016 were ¥22,753,306,606.09, slightly up from ¥22,610,584,735.13 in the previous year[22]. Cash Flow - Net cash flow from operating activities for the first nine months was a negative CNY 1.29 billion, a decrease of 176.50% compared to the same period last year[6]. - The company's cash flow from operating activities decreased by 39.28% to RMB 2,225,264,113.47, influenced by an increase in bill settlements and a reduction in cash settlements[14]. - The net cash flow from operating activities for Q3 2016 was -1,288,594,664.15 RMB, compared to -466,031,823.03 RMB in the same period last year, indicating a significant decline[36]. - Total cash inflow from operating activities was 3,997,783,198.50 RMB, up from 2,526,358,564.57 RMB year-on-year, reflecting a 58% increase[39]. - Cash outflow from operating activities totaled 3,926,856,435.90 RMB, compared to 2,503,860,888.96 RMB in the previous year, representing a 57% increase[39]. - Cash inflow from financing activities reached 8,426,045,537.28 RMB, compared to 6,052,918,682.44 RMB in the previous year, marking a 39% increase[36]. - The net cash flow from financing activities was 1,651,768,314.90 RMB, up from 767,887,839.30 RMB year-on-year, indicating a 115% increase[36]. Shareholder Information - The total number of shareholders at the end of the reporting period was 163,178[10]. - The largest shareholder, Taiyuan Heavy Machinery Group, holds 27.34% of the shares[10]. Expenses and Investments - Research and development expenses rose by 65.53% to RMB 406,612,637.13, reflecting increased investment in R&D projects[13]. - The company reported a significant increase in development expenditures from ¥245,637,275.33 to ¥406,612,637.13, an increase of about 65.38%[18]. - The company experienced a non-operating loss of CNY 9.53 million during the reporting period[9]. - The company reported an asset impairment loss of approximately ¥27 million in Q3 2016, compared to a loss of approximately ¥14 million in Q3 2015[31].