HAC(SH:600202)2015-10-26 16:00Financial Performance - Net profit attributable to shareholders was CNY -24,770,490.77, a decline of 558.49% year-on-year[10]. - Operating revenue fell by 36.76% to CNY 442,699,569.97 compared to the same period last year[10]. - The company reported a basic earnings per share of CNY -0.0646, a decrease of 558.16% compared to the previous year[10]. - Net profit for the period was a loss of CNY 26,900,116.62, compared to a profit of CNY 8,657,022.09 in the same period last year[45]. - The total profit (loss) for the period was -24,920,536.80 RMB, compared to a profit of 10,946,463.90 RMB in the previous year[50]. - The net profit (loss) for the period was -24,920,536.80 RMB, while the previous year's net profit was 10,558,371.53 RMB, indicating a significant decline[50]. - The total comprehensive income for the period was a loss of CNY 26,881,911.91, indicating challenges in maintaining profitability[47]. Cash Flow - Net cash flow from operating activities was CNY -49,708,763.76, a decrease of 118.26% year-on-year[7]. - Cash flow from operating activities generated a net outflow of -49,708,763.76 RMB, a stark contrast to the previous year's inflow of 272,166,968.95 RMB[53]. - Cash inflow from operating activities totaled 615,631,031.21 RMB, down from 811,298,996.53 RMB year-over-year[53]. - Cash outflow from operating activities increased to 665,339,794.97 RMB, compared to 539,132,027.58 RMB in the previous year[53]. - Cash flow from financing activities improved by 127.00% to CNY 77,765,806.31, resulting from decreased loan repayments[20]. - Cash inflow from financing activities was $800 million, with cash outflow totaling $722.23 million, leading to a net cash flow from financing activities of $77.77 million[59]. Assets and Liabilities - Total assets decreased by 4.37% to CNY 2,501,170,215.13 compared to the end of the previous year[7]. - Total current assets decreased from CNY 1,834,087,063.10 at the beginning of the year to CNY 1,736,072,449.53[28]. - Current liabilities increased from CNY 1,475,066,985.84 to CNY 1,646,076,517.23, an increase of about 11.59%[32]. - Total liabilities decreased from CNY 1,759,264,624.44 to CNY 1,676,735,717.77, a decrease of approximately 4.68%[32]. - Owner's equity decreased from CNY 856,087,316.51 to CNY 824,434,497.36, a decline of about 3.69%[32]. Shareholder Information - The number of shareholders reached 49,537 at the end of the reporting period[12]. - The largest shareholder, Harbin Industrial Investment Group, holds 34.03% of the shares, with 130,449,385 shares pledged[12]. Operational Insights - Operating costs fell by 33.31% to CNY 361,810,889.99, reflecting a decrease in product sales revenue[19]. - The company has not disclosed any new product developments or market expansion strategies in this report[16]. - The company is focusing on cost management, with financial expenses reported at CNY 14,469,084.23, which is a critical area for future improvement[43]. Investment Activities - Investment income increased significantly by 2,397.57% to CNY 15,215,080.39, attributed to higher dividends from invested entities[19]. - The company reported an investment loss of CNY 1,679,153.54, primarily from joint ventures and associates[48]. - Cash received from investment income was $6.50 million, a significant increase from $0.83 million in the same period last year[59]. Inventory and Receivables - Accounts receivable declined from CNY 1,137,030,727.00 to CNY 991,875,941.82, indicating a reduction in credit sales[28]. - Inventory increased from CNY 398,588,985.30 to CNY 461,610,284.57, suggesting potential overstocking issues[28].