SAC(SH:600268)2016-10-21 16:00Financial Performance - Operating revenue for the first nine months reached CNY 3,266,394,413.57, an increase of 18.27% year-on-year[8] - Net profit attributable to shareholders of the listed company was CNY -114,031,299.05, compared to CNY -100,672,365.98 in the previous year[9] - Basic earnings per share for the reporting period were CNY -0.18, compared to CNY -0.16 in the previous year[9] - The weighted average return on net assets was -6.11%, down from -5.15% in the previous year[9] - The company reported a total loss of approximately ¥112.20 million for the first nine months of 2016, compared to a loss of ¥67.02 million in the same period of 2015[48] - The net profit for the first nine months of 2016 was a loss of CNY 98,743,868.77, compared to a loss of CNY 53,214,211.01 in the same period last year, indicating a worsening performance[49] - The total profit for Q3 2016 was approximately ¥38.48 million, a decrease of 28.0% from ¥53.59 million in Q3 2015[45] - The company's total comprehensive income for the first nine months of 2016 was a loss of CNY 98,743,868.77, reflecting a decline from a loss of CNY 53,214,211.01 in the same period last year[49] Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,913,836,228.21, a decrease of 0.97% compared to the end of the previous year[8] - Net assets attributable to shareholders of the listed company decreased by 10.49% to CNY 1,747,171,978.40 compared to the end of the previous year[8] - The company's total assets as of September 30, 2016, were ¥10,072,390,313.13, an increase from ¥9,799,375,463.24 at the beginning of the year[41] - Total liabilities as of September 30, 2016, were ¥7,789,248,324.17, compared to ¥7,385,727,283.81 at the beginning of the year, reflecting an increase of 5.5%[41] - The company's equity attributable to shareholders decreased to ¥2,283,141,988.96 from ¥2,413,648,179.43 at the beginning of the year, a decline of 5.4%[41] Cash Flow - Net cash flow from operating activities for the first nine months was CNY -520,296,291.85, compared to CNY -344,157,352.51 in the same period last year[8] - Operating cash inflow for the first nine months of 2016 was CNY 3,357,281,863.14, an increase from CNY 3,018,986,666.91 year-on-year[51] - Cash flow from investing activities resulted in a net outflow of CNY 50,587,319.44, an improvement from a net outflow of CNY 109,343,252.45 in the same period last year[52] - Cash flow from financing activities generated a net inflow of CNY 385,197,393.64, compared to a net inflow of CNY 455,409,318.30 in the previous year[52] - Total cash and cash equivalents at the end of September 2016 were CNY 442,850,032.45, down from CNY 548,558,940.07 at the end of the previous year[52] - The company received CNY 3,054,140,000.00 from borrowings in the first nine months of 2016, compared to CNY 5,102,800,000.00 in the same period last year[52] - The company paid CNY 2,364,940,000.00 in debt repayments during the first nine months of 2016, down from CNY 4,117,900,000.00 in the previous year[52] Shareholder Information - The total number of shareholders at the end of the reporting period was 49,360[11] - The largest shareholder, State Power Corporation of China Nanjing Electric Automation Equipment General Factory, holds 50.26% of the shares[11] Government Subsidies and Other Income - Government subsidies recognized in the current period amounted to CNY 10,432,670.75, totaling CNY 22,010,705.15 for the year-to-date[9] - The company reported a significant increase in investment income, reaching approximately ¥1.57 million in Q3 2016, compared to ¥0.22 million in Q3 2015[48] Legal Matters - The company is involved in a lawsuit concerning a sales contract dispute with Shanghai Guoda Information Technology Co., with the amount in question being RMB 12,440,500 plus interest[22] - The company is seeking arbitration against Tibet Zhili Engineering Construction Co. for overpaid project funds amounting to RMB 19,078,231 and a penalty of RMB 3,052,35[23] Corporate Actions - The company has initiated a non-public offering of A-shares, with the total amount not exceeding RMB 1.2 billion, which has received preliminary approval from the State-owned Assets Supervision and Administration Commission[24] - The company plans to issue super short-term financing bonds with a registered amount not exceeding RMB 1 billion, currently in the preparatory stage[27] - The company has approved a total of RMB 553.2 million in entrusted loans to its wholly-owned subsidiaries, with specific allocations for each subsidiary[28] - The company is in the process of liquidating and deregistering its subsidiary, Beijing Guodian Nanzi Yitong Technology Co., to optimize resource allocation and reduce management costs[29] - The acquisition of 100% equity in Nanjing Guodian Nanzi Software Engineering Co., Ltd. by Nanjing Guodian Nanzi Automation Co., Ltd. was approved, with a purchase price based on a net asset value of ¥132 million as of July 31, 2016[30]