Teamsun(SH:600410)2016-10-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 43.73% to CNY 19,602,214.36 for the year-to-date period[9] - Operating revenue for the year-to-date period decreased by 2.43% to CNY 3,152,130,238.45 compared to the same period last year[9] - Basic earnings per share decreased by 43.82% to CNY 0.0282[10] - The company's net profit for the year is not expected to incur significant losses or major fluctuations compared to the same period last year[24] - The total profit for the first nine months of 2016 was a loss of ¥33,610,059.08, compared to a profit of ¥39,972,289.62 in the same period last year[43] - The net profit for Q3 2016 was a loss of ¥10,016,603.56, compared to a loss of ¥5,310,119.39 in Q3 2015, indicating a worsening performance[40] - The company recorded operating profit losses of ¥38,675,584.80 for Q3 2016, compared to losses of ¥16,438,795.28 in Q3 2015[43] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 269,412,181.00, worsening by 58.20% compared to the previous year[9] - The net cash flow from operating activities decreased by 58.20% to CNY -269,412,181.00, mainly due to increased cash payments for purchases[19] - Cash inflow from operating activities for the period reached ¥4,571,712,079.10, an increase of 15.5% compared to ¥3,958,145,436.85 in the previous year[46] - Net cash flow from operating activities was -¥269,412,181.00, worsening from -¥170,300,740.26 year-over-year[46] - Cash inflow from investment activities totaled ¥3,121,090,291.79, significantly higher than ¥1,050,687,968.81 in the same period last year[47] - Net cash flow from investment activities was -¥647,998,274.42, slightly worse than -¥634,468,219.59 in the previous year[47] - Cash inflow from financing activities amounted to ¥3,500,249,394.54, up from ¥1,160,984,618.42 year-over-year[47] - Net cash flow from financing activities improved to ¥2,237,720,494.60, compared to -¥126,547,987.41 in the same period last year[47] Assets and Liabilities - Total assets increased by 31.72% to CNY 8,927,355,123.29 compared to the end of the previous year[9] - The total assets of the company as of September 30, 2016, were CNY 8,927,355,123.29, compared to CNY 6,777,633,675.95 at the beginning of the year, marking an increase of around 31.7%[30] - The total current assets as of September 30, 2016, amounted to CNY 6,676,186,724.31, an increase from CNY 4,804,526,205.32 at the beginning of the year, representing a growth of approximately 39.0%[28] - The total liabilities decreased to CNY 3,696,783,827.94 from CNY 3,940,664,462.60, reflecting a reduction of approximately 6.2%[30] - Total liabilities decreased to CNY 3,230,527,002.73 from CNY 4,003,356,404.49, a reduction of approximately 19.3%[34] Shareholder Information - The total number of shareholders reached 83,027 at the end of the reporting period[15] - The largest shareholder, Wang Weihang, holds 10.26% of the shares, with 50,430,000 shares pledged[15] Investments - Long-term equity investments increased by 73.56% to CNY 395,157,230.10, due to new investments made during the period[18] - The company’s investment income surged by 395.96% to CNY 44,671,796.48, driven by increased earnings from equity method accounting[19] - The company’s long-term equity investments increased to CNY 395,157,230.10 from CNY 227,673,696.14, reflecting a growth of approximately 73.8%[29] Inventory and Receivables - Accounts receivable decreased by 33.71% to CNY 48,644,892.85, mainly due to the maturity of notes[18] - Inventory rose by 40.70% to CNY 907,840,901.93, attributed to increased purchases during the period[18] - The company reported a total inventory of CNY 907,840,901.93, which is an increase from CNY 645,245,312.48 at the beginning of the year, showing a rise of about 40.7%[28] - The accounts receivable decreased to CNY 1,775,577,888.70 from CNY 1,878,579,269.85, indicating a decline of approximately 5.5%[28] - Accounts receivable decreased to CNY 1,299,619,027.35 from CNY 1,390,646,676.59, reflecting a decline of about 6.6%[33] Financial Expenses - The company’s financial expenses rose by 41.15% to CNY 71,329,215.37, primarily due to increased financial costs[19] - The financial expenses for Q3 2016 increased to ¥26,936,622.19 from ¥14,219,920.95 in Q3 2015, reflecting a significant rise of 89.5%[43]