CORUN(SH:600478)2014-10-31 16:00Financial Performance - Operating revenue decreased by 32.21% to CNY 613,137,889.05 for the period from January to September[7] - Net profit attributable to shareholders of the listed company was a loss of CNY 13,815,698.16, a decline of 394.15% compared to the same period last year[7] - Basic and diluted earnings per share were both -CNY 0.03, representing a decrease of 400%[8] - The weighted average return on net assets decreased by 1.87 percentage points to -1.41%[7] - The company reported a net loss of CNY 46,476,397.25 after deducting non-recurring gains and losses[7] - Total operating revenue for Q3 2023 was ¥221,523,668.27, a decrease of 22.2% compared to ¥285,004,841.77 in Q3 2022[38] - Net profit for Q3 2023 was -¥15,342,285.77, compared to a net profit of ¥29,186,615.87 in Q3 2022, indicating a significant decline[39] - The company reported a total comprehensive loss of -¥26,755,797.03 for Q3 2023, compared to a comprehensive income of ¥4,824,354.90 in Q3 2022[39] - The gross profit margin for Q3 2023 was approximately 13.4%, down from 20.9% in Q3 2022[38] - The earnings per share for Q3 2023 was -¥0.04, compared to -¥0.01 in Q3 2022[39] Cash Flow and Liquidity - Net cash flow from operating activities dropped by 91.29% to CNY 9,570,741.14 year-to-date[7] - Cash inflow from operating activities for the first nine months of 2023 was ¥716,617,280.97, down from ¥1,048,197,336.62 in the same period of 2022, a decrease of 31.7%[45] - Cash inflow from financing activities amounted to 381,955,759.82 RMB, compared to 173,815,182.80 RMB in the previous year, indicating a strong financing position[51] - The ending cash and cash equivalents balance was 95,220,872.26 RMB, compared to 49,749,188.34 RMB at the end of the same quarter last year, showing improved liquidity[51] Assets and Liabilities - Total assets increased by 19.35% to CNY 2,417,049,967.11 compared to the end of the previous year[7] - Total current assets increased to ¥831,335,484.62 from ¥757,503,455.06, representing a growth of approximately 9.9%[29] - Total non-current assets grew to ¥1,585,714,482.49 from ¥1,267,644,981.12, indicating an increase of around 25.0%[30] - Total liabilities rose to ¥1,201,688,669.83 from ¥772,287,666.30, representing an increase of about 55.7%[31] - Owner's equity decreased to ¥1,215,361,297.28 from ¥1,252,860,769.88, reflecting a decline of approximately 3.0%[31] Investments and Expenditures - Long-term equity investments surged by 649.77% to ¥179,416,901.35, up ¥155,487,400.45, primarily from investments in automotive power battery companies[14] - Development expenditures rose by 103.04% to ¥77,323,364.92, up ¥39,241,063.16, primarily due to increased R&D investments by subsidiaries[15] - Cash outflow for investments was 247,757,539.00 RMB, significantly higher than 22,048,336.21 RMB in the previous year, reflecting increased capital expenditures[50] Shareholder Information and Corporate Actions - The total number of shareholders at the end of the reporting period was not specified, but the report includes details on the top ten shareholders[11] - The company plans to issue 56,462,622 shares in a non-public offering, with an adjusted issue price of ¥14.24 per share following a capital reserve conversion[24] - The company has committed to avoiding competition with its parent company and reducing related party transactions, ensuring compliance with long-term commitments[26] Strategic Developments - The company plans to establish a joint venture, Koli Mei Automotive Power Battery Co., Ltd., with Toyota and other partners, which has received approval from the Ministry of Commerce[21] - The company signed a cooperation agreement with Zhejiang Geely Holding Group to establish a joint venture for a hybrid power system platform, with registered capital of ¥659 million, where the company holds a 51% stake[23]