AEROSPACE POWER(SH:600343)2015-10-28 16:00Financial Performance - Net profit attributable to shareholders was CNY 18.02 million, down 24.96% year-on-year[8]. - Operating revenue for the first nine months reached CNY 851.75 million, an increase of 1.03% compared to the same period last year[8]. - Basic and diluted earnings per share were CNY 0.02823, reflecting a decrease of 24.96% compared to the previous year[10]. - The net profit after deducting non-recurring gains and losses was CNY 12.85 million, an increase of 8.16% year-on-year[8]. - Net profit for Q3 2015 was CNY 6,693,137.77, compared to CNY 13,600,004.75 in Q3 2014, reflecting a decrease of approximately 50.8%[34]. - The company achieved a total operating revenue of CNY 851,753,503.01 for the first nine months of 2015, up from CNY 843,038,386.07 in the same period of 2014, representing a growth of approximately 1.0%[33]. - The net profit for the first nine months of 2015 was CNY 21,692,635.34, down from CNY 31,630,869.34 in the same period of 2014, reflecting a decrease of about 31.5%[34]. Cash Flow - The net cash flow from operating activities was negative CNY 281.65 million, a decline of 119.28% year-on-year[8]. - Cash flow from operating activities decreased by 81.27% to RMB 1.87 million due to reduced tax refunds received[19]. - Operating cash inflow for the first nine months was CNY 580,040,224.77, down from CNY 767,583,766.88 year-on-year, reflecting a decrease of approximately 24.4%[39]. - Net cash flow from operating activities was negative CNY 281,646,396.64 for the first nine months, compared to negative CNY 128,440,607.35 in the previous year[39]. - The company reported a net cash flow from investing activities of negative CNY 21,406,612.59, an improvement from negative CNY 32,449,264.92 year-on-year[39]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 3.97 billion, a decrease of 0.83% compared to the end of the previous year[8]. - Total liabilities decreased from CNY 1,376,159,863.98 to CNY 1,322,560,784.12, a reduction of approximately 3.9%[26]. - The company's total current assets as of September 30, 2015, were CNY 2,875,373,448, slightly down from CNY 2,882,247,433 at the beginning of the year[24]. - The total assets of the company amounted to CNY 3,965,999,391, a decrease from CNY 3,999,002,742 at the start of the year[25]. - Long-term payables decreased by 79.03% to RMB 146.75 million as a result of reduced financing lease payments[16]. Shareholder Information - The total number of shareholders at the end of the reporting period was 108,465[12]. - The largest shareholder, Xi'an Aerospace Technology Industry Company, held 28.78% of the shares, totaling 183,663,392 shares[12]. - The company distributed dividends totaling CNY 1,289,340, a decrease of 57.31% compared to the previous year[20]. Operational Efficiency - The company plans to continue focusing on operational efficiency and cost management to improve cash flow in the upcoming quarters[37]. - The company received government subsidies amounting to CNY 9.85 million during the reporting period, which are closely related to its normal business operations[10]. - Financial expenses improved significantly, decreasing by 163.51% to -RMB 206.98 million due to increased interest income[18]. Inventory and Receivables - The company's accounts receivable decreased by 35.30% to RMB 6,663.38 million as a result of revenue recognition[16]. - Inventory increased from CNY 283,389,123.74 to CNY 337,757,419.15, representing a growth of about 19.2%[28]. - Accounts receivable rose significantly from CNY 162,764,550.54 to CNY 205,592,417.11, an increase of approximately 26.3%[28]. Comprehensive Income - Total comprehensive income for the third quarter was CNY 5,600,209.58, compared to CNY 1,794,494.25 in the same period last year, indicating a significant increase[37].