HDAA(SH:600316)2016-10-27 16:00Financial Performance - Operating revenue for the first nine months rose by 26.5% to CNY 1,986,028,973.70 year-on-year[7] - Net profit attributable to shareholders decreased by 88.75% to CNY 1,239,400.38 compared to the same period last year[7] - Basic earnings per share dropped by 88.96% to CNY 0.0017[8] - Operating profit for the same period was -32.7412 million RMB, down 49.8790 million RMB year-on-year, primarily due to a decrease in product gross profit by 11.0874 million RMB[14] - Total operating revenue for Q3 2016 was ¥698,338,496.12, an increase of 51.5% compared to ¥461,042,067.99 in Q3 2015[30] - Net profit for the first nine months of 2016 reached ¥1,986,028,973.70, a 26.4% increase from ¥1,569,928,367.32 in the same period last year[30] - Net profit for Q3 2016 was approximately ¥431.38 million, compared to a net loss of ¥3.72 million in Q3 2015, indicating a significant turnaround[33] - The total profit for the first nine months of 2016 was approximately ¥1.78 billion, compared to ¥1.30 billion in the same period last year, indicating a year-to-date growth of 36.5%[34] Cash Flow - Net cash flow from operating activities was negative at CNY -998,703,674.69 for the first nine months[7] - Operating cash inflow for the first nine months of 2016 was CNY 868,485,686.41, down from CNY 1,581,377,267.50 in the same period last year, representing a decrease of approximately 45%[39] - The net cash flow from operating activities was -1,008,403,803.45, compared to -588,113,894.43 in the previous year, indicating a decline[43] - Total cash inflow from financing activities was CNY 1,894,300,000.00, an increase from CNY 1,409,202,000.00 year-over-year, reflecting a growth of about 34.4%[40] - The net cash flow from financing activities was 897,973,298.14, up from 715,996,058.65, reflecting a year-over-year increase of about 25.4%[43] Assets and Liabilities - Total assets increased by 16.05% to CNY 11,161,281,054.47 compared to the end of the previous year[7] - The total liabilities of the company reached CNY 5.99 billion, compared to CNY 4.32 billion at the beginning of the year, which is an increase of about 38.7%[23] - The company's equity attributable to shareholders decreased to CNY 5.15 billion from CNY 5.28 billion, a decline of approximately 2.5%[23] - Current assets totaled ¥6,575,241,522.82, an increase of 27.1% from ¥5,174,415,009.70 in the previous year[27] - Total liabilities increased to ¥5,920,369,739.86 in Q3 2016, up from ¥4,264,460,959.09 in Q3 2015, representing a growth of 38.8%[27] Shareholder Information - Total number of shareholders reached 57,176 by the end of the reporting period[12] - The largest shareholder, China Aviation Technology Industry Group, holds 43.77% of the shares[12] - The company has committed to aligning shareholder voting rights with the opinions of its major shareholder, AVIC, for the long term[18] Government Compensation and Non-Operating Income - The company received government compensation of CNY 85,482,727.61 related to factory relocation[10] - Non-operating income and expenses included a loss of CNY -20,265,223.08 for the period[11] - The net amount of non-operating income increased by 10,484.51% to 86.16 million RMB, mainly due to compensation received from the government for factory relocation[16] Inventory and Accounts Receivable - Accounts receivable increased by 147.83% to 2.346 billion RMB, indicating a significant reduction in cash collection[16] - Inventory levels rose by 23.20% to 3.670 billion RMB, attributed to increased production reserves[16] - The company reported a significant increase in accounts payable, which rose to CNY 2.33 billion from CNY 1.93 billion, reflecting an increase of approximately 21.2%[22] Comprehensive Income - The total comprehensive income for the third quarter was negative CNY 66,840,085.90, compared to negative CNY 151,843,220.04 in the same quarter last year, indicating an improvement[36] - The company reported a total comprehensive loss of approximately ¥65.80 million for Q3 2016, compared to a loss of ¥149.51 million in Q3 2015, showing improvement[33]