YXMC(SH:600213)2016-10-30 16:00Financial Performance - Operating revenue for the first nine months reached CNY 1,772,995,928.95, an increase of 83.68% year-on-year[6] - Net profit attributable to shareholders was CNY 43,382,150.22, a significant recovery from a loss of CNY 76,961,173.82 in the same period last year[6] - Basic and diluted earnings per share improved to CNY 0.20 from a loss of CNY -0.35 in the same period last year[7] - The company expects a net profit attributable to shareholders for 2016 to range between ¥60 million and ¥80 million, representing a change of 197% to 296% compared to the previous year[16] - The company reported a net loss of ¥496,760,645.72, an improvement from a loss of ¥540,142,795.94 at the beginning of the year[22] - The net profit for the first nine months was CNY 46,239,215.67, a recovery from a net loss of CNY 80,450,354.72 in the previous year[29] - The company reported a gross profit of CNY 50,242,768.44 for the first nine months, compared to a loss of CNY 82,558,771.97 in the same period last year[29] - Net profit for Q3 2016 was ¥26,811,123.10, compared to a net loss of ¥34,233,096.60 in Q3 2015, marking a turnaround in profitability[32] - The total profit for Q3 2016 was ¥30,630,579.99, a recovery from a loss of ¥34,233,096.60 in Q3 2015[32] Assets and Liabilities - Total assets increased by 31.10% to CNY 3,523,548,893.34 compared to the end of the previous year[6] - Net assets attributable to shareholders increased by 67.46% to CNY 110,367,027.13 compared to the end of the previous year[6] - Total liabilities increased to CNY 3,255,814,124.60 from CNY 2,473,796,728.02, reflecting a 31.6% rise[28] - Total current assets as of September 30, 2016, amounted to ¥3,192,476,401.03, up from ¥2,345,842,141.81 at the beginning of the year, representing a growth of approximately 36.1%[20] - Total liabilities increased to ¥3,338,439,661.15 from ¥2,549,986,348.57, marking a growth of around 31%[22] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -93,360,193.49, compared to CNY -15,883,768.88 in the previous year, indicating a worsening cash flow situation[6] - The net cash flow from operating activities showed a significant decline of 487.77%, amounting to -¥93,360,193.49, mainly due to delayed new energy subsidies[16] - The net cash flow from operating activities for the first nine months was CNY -43,910,032.06, compared to CNY -18,779,607.15 in the previous year, indicating a decline[37] - Total cash inflow from operating activities was CNY 649,006,699.49, down from CNY 854,400,682.87 year-over-year, representing a decrease of approximately 24%[37] - The net cash flow from investing activities was CNY -57,194,310.80, compared to CNY -1,724,175.33 in the previous year, showing a significant increase in cash outflow[37] Shareholder Information - The total number of shareholders reached 14,574, indicating a stable shareholder base[11] - The largest shareholder, Weichai (Yangzhou), holds 51.00% of the shares, reflecting significant ownership concentration[11] Operational Highlights - The company experienced a significant increase in sales volume due to expanded sales channels and improved product quality[17] - The proportion of high-profitability products in the product mix has been continuously increasing, enhancing overall profitability[17] - The company has implemented cost reduction and efficiency improvement activities, effectively controlling costs and expenses[17] - The company is focused on expanding its market presence and enhancing product development capabilities[17] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[27] Government Support and Other Income - The company received government subsidies amounting to CNY 1,606,298.81 during the reporting period, which is crucial for operational support[8] - The company reported a total of CNY 479,205.11 in non-operating income for the first nine months, contributing positively to the overall financial performance[10]