YXMC(SH:600213)2015-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 965,238,038.40, representing a year-on-year increase of 6.32%[7] - Net profit attributable to shareholders was a loss of CNY 76,961,173.82, compared to a loss of CNY 77,179,598.95 in the same period last year[7] - The net cash flow from operating activities for the first nine months was a negative CNY 15,883,768.88, improving from a negative CNY 211,766,604.49 in the previous year[7] - The weighted average return on equity was -1,137.11%, significantly lower than -50.91% in the previous year[7] - Total operating revenue for Q3 2015 was CNY 326,941,256.80, a decrease of 17.5% compared to CNY 397,165,728.11 in Q3 2014[28] - The net loss for the first nine months of 2015 reached CNY 80,450,354.72, compared to a loss of CNY 77,046,674.20 in the same period of 2014[29] - Total revenue for the first nine months of 2015 reached 876,602,864.21 CNY, up from 769,382,325.86 CNY in the same period last year, representing an increase of approximately 13.9%[32] - The company's total comprehensive income for Q3 2015 was -34,233,096.60 CNY, compared to -23,105,518.83 CNY in Q2 2015, reflecting ongoing financial difficulties[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,141,677,190.78, a decrease of 1.11% compared to the end of the previous year[7] - The company's total assets as of September 30, 2015, were CNY 1,999,163,437.02, a slight decrease from CNY 2,016,522,009.89 at the beginning of the year[26] - The total liabilities increased to CNY 2,028,345,694.91 from CNY 1,972,909,138.09 at the beginning of the year, reflecting a rise of 2.8%[26] - Current liabilities decreased slightly to RMB 1,648,451,322.45 from RMB 1,659,772,688.36, indicating stable short-term financial obligations[22] - Long-term borrowings increased to RMB 451,460,000.00 from RMB 384,030,000.00, reflecting a strategic move to secure additional financing[22] Shareholder Information - The total number of shareholders at the end of the reporting period was 18,281[12] - The largest shareholder, Weichai (Yangzhou) Yaxing Automobile Co., Ltd., held 51.00% of the shares[12] Cash Flow - Cash flow from financing activities decreased by 71.89% to RMB 31,315,273.31, primarily due to increased repayment of bank loans[16] - Cash inflow from financing activities totaled CNY 407,858,119.32, slightly up from CNY 403,464,875.00 in the previous year[39] - Net cash flow from financing activities was CNY 38,821,662.50, down 68.2% from CNY 121,903,916.36 in the same period last year[39] - Cash and cash equivalents at the end of the period amounted to CNY 117,653,223.59, compared to CNY 53,811,899.20 at the same time last year[42] Operational Metrics - Accounts receivable decreased to zero from RMB 15,874,000, a 100% reduction due to full endorsement of customer acceptances for payment[15] - Prepaid accounts increased by 59.14% to RMB 49,547,930.88, primarily due to an increase in advance payments for materials[15] - Inventory rose by 45.18% to RMB 253,710,748.10, mainly due to an increase in stock of finished goods[15] - Accounts payable increased by 31.34% to RMB 737,963,702.85, attributed to higher production leading to increased procurement[16] - The company reported a 168.02% increase in business taxes and additional charges to RMB 961,155.74, driven by higher sales of vehicles under 7 meters[16] - Financial expenses rose by 35.59% to RMB 22,845,953.90, mainly due to an increase in loan scale compared to the same period last year[16] Non-Recurring Items - The company reported non-recurring gains of CNY 885,491.38 for the current period, with a total of CNY 2,108,417.25 for the year-to-date[9] - The company reported a total of 2,258,824.34 CNY in non-operating income for the first nine months of 2015, a significant decrease from 68,914,628.11 CNY in the same period last year, indicating reduced asset disposals[33]