TMT(SH:600458)2015-10-29 16:00Financial Performance - Operating revenue surged by 124.00% to CNY 8.23 billion for the first nine months compared to the same period last year[13] - Net profit attributable to shareholders rose by 104.84% to CNY 225.15 million year-on-year[7] - The net profit after deducting non-recurring gains and losses increased by 86.83% to CNY 196.63 million[7] - The company reported a net profit of ¥225,148,552.71 for the first nine months of 2015, compared to ¥106,093,398.49 in the same period last year, an increase of 112.5%[32] - The total comprehensive income for Q3 2015 was ¥109,588,711.38, compared to a loss of ¥10,454,648.17 in Q3 2014[33] - The company’s total comprehensive income for the first nine months of 2015 was CNY 276,012,043.94, reflecting a strong performance compared to CNY 107,070,197.18 in the same period last year[37] Assets and Liabilities - Total assets increased by 15.37% to CNY 11.86 billion compared to the end of the previous year[7] - Total liabilities reached CNY 8.74 billion, up from CNY 7.33 billion, which is an increase of 19.3%[25] - Current liabilities rose to CNY 5.38 billion, compared to CNY 3.95 billion in the previous year, marking an increase of 36.1%[25] - The company reported a significant increase in accounts receivable, up 53.25% to CNY 2.91 billion[13] - Accounts receivable increased to CNY 1.83 billion, up from CNY 950.46 million, indicating a growth of 92.5%[27] - The company reported a significant increase in inventory, totaling approximately 1.84 billion CNY, compared to 1.65 billion CNY at the start of the year[23] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 418.16 million, worsening from a net outflow of CNY 280.61 million in the previous year[13] - The net cash flow from operating activities was negative at CNY -418,158,578.75 for the first nine months of 2015, worsening from CNY -280,610,225.51 in the same period last year[38] - Cash inflow from operating activities for the first nine months of 2015 was CNY 7,288,405,790.76, compared to CNY 3,027,902,902.08 in the previous year, indicating a strong growth in cash generation[37] - The company reported a cash and cash equivalents balance of CNY 860,437,510.43 at the end of the reporting period, compared to CNY 837,747,525.16 at the end of the previous year[38] - The ending balance of cash and cash equivalents was CNY 284,656,916.12, down from CNY 368,355,055.31 at the end of the previous year[41] Operating Costs and Expenses - Operating costs increased due to the consolidation of BOGE's subsidiary revenue and growth in the wind power market[17] - Total operating costs for Q3 2015 were ¥2,647,023,046.33, up from ¥1,446,900,037.43 in the same period last year, reflecting a 83.5% increase[31] - The company incurred a total operating expense of CNY 5,451,516,882.99, which is an increase from CNY 2,552,506,090.44 in the previous year[38] - Research and development expenses increased by 137.24% to CNY 386.46 million[13] - Research and development expenses rose due to increased investment in new projects in the automotive and wind power sectors[17] Financing Activities - The company completed a non-public offering of A-shares, issuing 141,376,061 shares at a price of 10.61 CNY per share, raising a total of 1.5 billion CNY[14] - The net cash flow from financing activities was CNY 727,684,431.77, down from CNY 2,426,889,392.26 in the same period last year, indicating a decline in financing activities[38] - Cash inflow from financing activities was CNY 1,645,484,870.25, down from CNY 3,106,637,346.94 year-on-year[41] Other Notable Events - The company attributed revenue growth to the consolidation of BOGE subsidiary income and increased revenue from the wind power market[13] - The acquisition of BOGE's rubber and plastic business was finalized in September 2014, with the initial price allocation report completed[16] - The final price allocation report for the BOGE acquisition has been audited but is pending approval from relevant authorities[18] - The company anticipates a potential significant change in net profit compared to the same period last year, with a warning issued regarding possible losses[19]