Hunan (SH:600476)2015-10-30 16:00Financial Performance - Operating revenue increased by 75.37% to CNY 135,186,718.37 for the period from January to September compared to the same period last year[6]. - Net profit attributable to shareholders was a loss of CNY 13,061,288.13, compared to a loss of CNY 11,676,478.70 in the same period last year[6]. - The weighted average return on net assets was -5.82%, an increase of 0.45 percentage points compared to the same period last year[6]. - Total operating revenue for Q3 was CNY 41,660,232.79, an increase of 10.8% compared to CNY 37,842,066.29 in the same period last year[24]. - Net loss for Q3 was CNY 7,679,709.27, compared to a net loss of CNY 5,980,995.64 in the same quarter last year, representing a deterioration of 28.3%[27]. - The company reported a total profit of CNY -7,679,709.27 for Q3, compared to CNY -5,979,614.41 in the same period last year[26]. - Basic and diluted earnings per share for Q3 were both CNY -0.0476, compared to CNY -0.0371 in the same quarter last year[27]. - The company reported a basic and diluted earnings per share of -0.0476 RMB, compared to -0.0308 RMB in the previous year, indicating a worsening profitability situation[31]. Assets and Liabilities - Total assets decreased by 7.69% to CNY 344,114,947.10 compared to the end of the previous year[6]. - Net assets attributable to shareholders decreased by 5.66% to CNY 217,696,240.45 compared to the end of the previous year[6]. - Total current liabilities decreased from CNY 146,984,408.15 to CNY 128,264,721.65, a reduction of approximately 12.8%[22]. - Total non-current liabilities increased from CNY 3,500,000.00 to CNY 7,000,000.00, representing a 100% increase[22]. - Total liabilities decreased from CNY 150,484,408.15 to CNY 135,264,721.65, a decline of about 10.1%[22]. - Total equity decreased from CNY 232,787,487.67 to CNY 219,786,866.77, a decline of approximately 5.6%[22]. - The company's cash and cash equivalents decreased by 63.14% to CNY 26,603,519.33 due to increased prepaid expenses[11]. - Cash and cash equivalents decreased from CNY 71,613,583.48 to CNY 26,287,568.82, a decline of about 63.3%[21]. - Accounts receivable increased from CNY 61,409,083.20 to CNY 70,129,591.69, an increase of approximately 14.0%[21]. - Inventory remained relatively stable, increasing slightly from CNY 99,005,711.03 to CNY 99,759,875.27, a change of about 0.76%[21]. - Retained earnings showed a negative balance, worsening from CNY -73,937,581.37 to CNY -86,938,202.27[22]. Cash Flow - Cash flow from operating activities was a negative CNY 27,617,202.01 for the period from January to September[6]. - Cash flow from operating activities rose by 61.77% to ¥183,530,255.45 from ¥113,449,668.45, driven by increased payments for goods and taxes[12]. - The company reported a net cash flow from operating activities of -27,617,202.01 RMB for the first nine months of 2015, compared to -23,312,193.79 RMB in the same period last year, indicating a decline in operational cash flow[34]. - Total cash inflow from operating activities was 155,913,053.44 RMB, up from 90,137,474.66 RMB year-over-year, reflecting a significant increase in cash received from sales[34]. - The company incurred a total cash outflow from operating activities of 183,530,255.45 RMB, compared to 113,449,668.45 RMB in the previous year, showing increased operational expenses[34]. - The net cash flow from investing activities was -1,603,554.76 RMB, a decrease from 9,647,014.64 RMB in the same period last year, indicating reduced investment returns[35]. - Cash flow from financing activities resulted in a net outflow of -13,387,169.14 RMB, contrasting with a net inflow of 10,843,426.18 RMB in the previous year, highlighting challenges in financing[35]. - The ending cash and cash equivalents balance was 20,821,937.89 RMB, down from 30,748,054.41 RMB year-over-year, reflecting a decrease in liquidity[35]. Shareholder Information - The number of shareholders at the end of the reporting period was 16,017[9]. - The largest shareholder, Beijing Zhongyou Asset Management Co., Ltd., held 32.98% of the shares[9]. - The second-largest shareholder, Postal Science Research Planning Institute, increased its stake by acquiring 1,332,900 shares, amounting to ¥33,080,434.30[14]. Government Support - Government subsidies recognized in the current period amounted to CNY 1,202,600.00[8]. - The deferred income doubled to ¥7,000,000.00 from ¥3,500,000.00, reflecting received fiscal subsidies that did not meet acceptance standards[12]. - The total amount of deferred income increased from CNY 3,500,000.00 to CNY 7,000,000.00, indicating a significant rise of 100%[22]. Operating Costs and Expenses - Operating costs increased by 77.85% to ¥122,843,767.85 from ¥69,070,347.96, primarily due to higher sales volume[12]. - Operating expenses for the first nine months included CNY 22,504,027.16 in management expenses, up from CNY 18,083,447.41 year-over-year[24]. - Sales expenses for Q3 were CNY 2,229,596.98, slightly down from CNY 2,293,515.29 in the same period last year[24]. - The company recorded a significant asset impairment loss of CNY -2,580,560.80 for the first nine months[24].