CORUN(SH:600478)2016-10-28 16:00Financial Performance - Operating revenue surged by 105.14% to CNY 1,267,752,483.64 for the period from January to September[8] - Net profit attributable to shareholders decreased significantly to CNY -119,451,441.14, a decline of 4,488.14% compared to the same period last year[8] - Basic and diluted earnings per share were both CNY -0.086, a decrease of 2,966.67% year-on-year[9] - The company reported a net investment loss of 9,348,930 RMB, primarily due to the ongoing investment phase of its associate company, Keli Meicheng Automotive Power Battery Co., Ltd.[17] - The net profit for Q3 2016 was -8,696,681.64 CNY, compared to a profit of 5,192,073.59 CNY in the same period last year, indicating a significant decline[42] - The total profit (loss) for Q3 2016 was reported at ¥-55,594,283.81, contrasting with a profit of ¥92,863,814.34 in the same quarter last year[38] Assets and Liabilities - Total assets increased by 31.09% to CNY 5,003,365,520.36 compared to the end of the previous year[7] - The company’s total liabilities increased significantly, with long-term borrowings of RMB 23,000,000 recognized for the acquisition of Fujian Fuguang Power Technology Co., Ltd.[16] - Total liabilities increased to ¥2,945,826,231.88 from ¥1,685,266,071.63, representing a rise of 75.8%[29] - Current liabilities totaled ¥1,531,624,921.29, compared to ¥926,632,777.49 at the start of the year, marking a 65.2% increase[29] - Non-current liabilities rose to ¥1,414,201,310.59 from ¥758,633,294.14, showing an increase of 86.5%[29] Cash Flow - Cash flow from operating activities dropped by 46.08% to CNY 67,771,518.46 year-to-date[8] - The net cash flow from operating activities for the first nine months of 2016 was 67,771,518.46 CNY, down from 125,681,530.36 CNY in the same period last year[45] - Cash and cash equivalents at the end of Q3 2016 totaled 1,103,227,138.39 CNY, compared to 511,466,846.68 CNY at the end of Q3 2015, reflecting an increase of 115.5%[45] - The cash flow from financing activities in Q3 2016 was 769,222,424.93 CNY, a significant increase from 76,766,551.10 CNY in the previous year[45] - Cash outflow from operating activities increased to 1,002,143,964.83 RMB, compared to 933,607,261.60 RMB in the previous year[46] Shareholder Information - The total number of shareholders reached 50,362 by the end of the reporting period[13] - The largest shareholder, Hunan Keli Yuan High-tech Group Co., Ltd., held 17.69% of the shares, with 111,030,000 shares pledged[13] Acquisitions and Investments - Goodwill of RMB 13,790,584 was recognized due to the acquisition of Fujian Fuguang Power Technology Co., Ltd.[15] - The company signed a share transfer agreement to acquire 100% of Foshan Keli Yuan Automotive Technology Service Co., Ltd. for 188,600 RMB, which has now become a wholly-owned subsidiary[18] - A cooperation agreement was signed for relocating the hybrid power and transmission system technology platform to Foshan, with a project investment of 125,000,000 RMB received as relocation compensation[19] Other Financial Metrics - The weighted average return on net assets was -8.27%, down by 8.52 percentage points from the previous year[9] - Other comprehensive income improved by 31.51%, reflecting favorable foreign exchange rate fluctuations impacting the translation of foreign currency financial statements[16] - The company reported a comprehensive loss of ¥58,078,784.37 for Q3 2016, compared to a comprehensive income of ¥95,043,413.42 in Q3 2015[39]