TFE(SH:600237)2016-10-28 16:00Financial Performance - Operating revenue for the first nine months was CNY 448,111,649.04, a decrease of 3.87% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 62,264,819.69, compared to a loss of CNY 23,176,016.17 in the same period last year[6] - Basic earnings per share were CNY -0.1103, compared to CNY -0.0410 in the same period last year[6] - The net loss for the period was CNY -42,731,380.40, compared to a loss of CNY -1,602,503.54 in the previous year, reflecting a significant increase in losses[23] - The total profit for the first nine months of 2016 was a loss of CNY 40,507,120.77, compared to a loss of CNY 18,625,300.94 in the same period last year, indicating a 117.5% increase in loss[31] - The net profit for Q3 2016 was a loss of CNY 25,510,234.00, compared to a loss of CNY 16,072,130.68 in the same period last year, representing an increase in loss of 58.5%[31] - The total comprehensive income for Q3 2016 was a loss of CNY 33,245,083.20, compared to a loss of CNY 26,232,243.51 in Q3 2015, indicating a 26.5% increase in loss[27] Assets and Liabilities - Total assets decreased by 7.60% to CNY 2,296,508,631.41 compared to the end of the previous year[6] - Net assets attributable to shareholders decreased by 4.37% to CNY 1,368,686,488.02 compared to the end of the previous year[6] - The total assets decreased from CNY 2,485,446,620.97 at the beginning of the year to CNY 2,296,508,631.41 at the end of the reporting period[18] - Total liabilities were CNY 561,935,742.26, down from CNY 604,170,432.94 at the start of the year, showing a reduction of approximately 6.9%[23] - Cash and cash equivalents decreased to CNY 203,863,364.44 from CNY 412,437,481.60, a decline of about 50.6%[21] - Accounts receivable increased to CNY 286,415,996.53 from CNY 173,353,864.95, representing a growth of approximately 65.2%[21] - Inventory levels decreased to CNY 125,701,686.64 from CNY 188,446,346.43, indicating a reduction of about 33.3%[21] - The company reported a total equity of CNY 1,414,693,869.93, down from CNY 1,456,234,688.79 at the beginning of the year, reflecting a decrease of approximately 2.8%[23] Cash Flow - Net cash flow from operating activities decreased by 81.61% to CNY 7,441,017.77 compared to the same period last year[6] - The total cash flow from operating activities for the first nine months of 2016 was CNY 495,241,258.65, down from CNY 612,715,390.36 in the same period last year, a decrease of 19.2%[35] - The net cash flow from operating activities for the first nine months was -2,934,343.30 RMB, a significant decline from 16,731,819.91 RMB year-over-year[38] - Cash inflow from financing activities was 213,103,269.70 RMB, down from 547,800,000.00 RMB in the previous year[36] - The net cash flow from financing activities was -96,635,395.29 RMB, compared to -77,180,882.11 RMB in the same quarter last year[37] - The ending cash and cash equivalents balance was 541,920,071.91 RMB, a decrease from 675,154,576.23 RMB at the beginning of the period[37] Investments and Expenses - The construction in progress increased by 102.70% compared to the beginning of the year, mainly due to the ongoing relocation and renovation projects of the film production lines[12] - The asset impairment loss increased by 711.82% compared to the same period last year, primarily due to increased inventory write-downs and bad debt provisions[12] - The company reported a 259.81% increase in income tax expenses year-on-year, mainly due to the subsidiaries' profits leading to corporate income tax provisions[13] - The long-term borrowings decreased by 59.81%, primarily due to the repayment of project loans by subsidiaries during the period[12] - The company's management expenses for Q3 2016 were CNY 18,034,705.56, up from CNY 8,700,610.80 in Q3 2015, reflecting a 106.5% increase[31] - The financial expenses for the first nine months of 2016 were CNY 14,610,476.49, down from CNY 17,556,486.80 in the same period last year, showing a decrease of 16.0%[31] - The asset impairment loss for Q3 2016 was CNY 10,576,559.42, compared to no loss in Q3 2015, indicating a significant increase in impairment[31] Shareholder Information - The total number of shareholders at the end of the reporting period was 56,192[10] - The largest shareholder, Anhui Tongfeng Electronic Group Co., Ltd., held 16.76% of the shares[10] Regulatory and Corporate Actions - The company terminated its major asset restructuring transaction due to regulatory issues with its independent financial advisor, which impacted the planned timeline[14]