HAC(SH:600202)2017-10-30 16:00Financial Performance - Operating revenue for the first nine months was CNY 229,726,536.76, an increase of 5.03% year-on-year[9] - Net loss attributable to shareholders was CNY -40,700,959.03, a 50.64% improvement compared to the same period last year[9] - The weighted average return on net assets improved by 3.89 percentage points to -6.14%[9] - Basic and diluted earnings per share were both CNY -0.1062, a 50.63% improvement year-on-year[9] - Year-to-date operating revenue for the first nine months of 2017 was ¥229,726,536.76, compared to ¥218,717,589.57 for the same period in 2016, reflecting a growth of 5.2%[37] - Year-to-date net loss for the first nine months of 2017 was ¥40,700,959.03, an improvement from a net loss of ¥82,455,131.63 in the same period last year[39] - The net loss for Q3 2017 was ¥7,112,570.02, an improvement from a net loss of ¥36,947,142.17 in Q3 2016[39] - The company reported a significant increase in prepayments from CNY 8,963,206.56 to CNY 17,165,057.64, an increase of approximately 91.5%[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,638,223,081.98, a decrease of 14.45% compared to the end of the previous year[6] - Net assets attributable to shareholders decreased by 5.96% to CNY 642,485,832.00 compared to the end of the previous year[6] - Total liabilities decreased from CNY 1,231,635,223.91 to CNY 995,737,249.98, a reduction of approximately 19.2%[30] - Current liabilities increased from CNY 759,567,953.47 to CNY 978,651,817.60, an increase of about 29%[30] - Non-current liabilities decreased significantly from CNY 472,067,270.44 to CNY 17,085,432.38, a drop of about 96.4%[30] - Shareholders' equity decreased from CNY 683,186,791.03 to CNY 642,485,832.00, a decline of about 5.9%[30] Cash Flow - Cash flow from operating activities for the first nine months was CNY 112,353,631.71, down 33.88% from the previous year[6] - Cash and cash equivalents decreased by 33.85% to ¥117,855,689.87 from ¥178,175,414.39 due to increased repayment of bank loans[17] - Cash flow from operating activities generated a net cash inflow of CNY 112,353,631.71, down from CNY 169,934,652.00 in the same period last year[49] - Cash inflow from operating activities totaled $442.69 million, a decrease of 27.4% compared to $609.64 million in the same period last year[53] - Net cash flow from operating activities was $111.89 million, down 34.5% from $170.70 million year-over-year[53] - Cash outflow from financing activities was $222.84 million, compared to $1.22 billion in the same period last year, indicating a reduction of 81.8%[55] Shareholder Information - The total number of shareholders at the end of the reporting period was 33,388[13] - The largest shareholder, Harbin Industrial Investment Group Co., Ltd., held 34.03% of the shares[13] Investment and Other Income - Non-operating income and expenses for the period totaled CNY -13,942.69[12] - Investment income increased by 480.90% to ¥9,826,043.61 from ¥1,691,517.32 due to increased gains from the disposal of equity in Yuhua Guarantee Company[20] - The company received CNY 20,000,000.00 from investment recoveries, while investment cash inflows totaled CNY 23,926,478.53, down from CNY 109,603,953.85 last year[49] Operational Costs - Total operating costs for Q3 2017 were ¥127,216,912.06, up from ¥91,963,923.74 in the same period last year, representing a 38.0% increase[37] - Total operating costs for the first nine months of 2017 decreased to ¥287,734,976.15 from ¥316,055,667.97 in the previous year, a reduction of 8.9%[37] Other Financial Metrics - The company reported a tax expense of -¥3,018,105.20 for the first nine months of 2017, compared to -¥7,481,047.13 in the same period last year[39] - The company’s retained earnings decreased from CNY 91,079,572.58 to CNY 50,378,613.55, a decline of about 44.6%[30] - The company reported cash and cash equivalents decreased by CNY 92,418,900.62 during the period, contrasting with an increase of CNY 20,537,943.15 in the same period last year[49]