CS&S(SH:600536)2016-10-27 16:00Financial Performance - Operating revenue increased by 32.87% to CNY 2,439,002,872.97 for the period from January to September[5] - Net profit attributable to shareholders was a loss of CNY 140,951,233.44, slightly worse than the loss of CNY 135,735,434.74 in the same period last year[5] - The weighted average return on net assets decreased by 0.08 percentage points to -7.42%[5] - Basic and diluted earnings per share were both CNY -0.29, compared to CNY -0.27 in the same period last year[5] - The company reported a net loss of ¥141,633,538.70 for the third quarter, compared to a loss of ¥92,723,112.11 in the same period last year[32] - The net loss for Q3 2016 was ¥112.81 million, compared to a net loss of ¥64.61 million in Q3 2015, indicating a deterioration of approximately 74.6%[33] - The total comprehensive loss for Q3 2016 was ¥112.73 million, compared to a loss of ¥64.58 million in Q3 2015, reflecting an increase of approximately 74.5%[33] - The company's operating profit for the first nine months of 2016 was a loss of ¥35.42 million, an improvement from a loss of ¥51.27 million in the same period last year[35] Assets and Liabilities - Total assets decreased by 3.22% to CNY 5,345,118,447.57 compared to the end of the previous year[5] - The company's current assets totaled CNY 4,260,421,834.62, down from CNY 4,409,275,808.90 at the start of the year, indicating a decline of approximately 3.37%[22] - Total liabilities stood at CNY 2,753,278,649.35, slightly up from CNY 2,709,547,380.10, indicating a marginal increase of about 1.6%[25] - The company's total equity decreased to ¥1,466,454,808.02 from ¥1,508,243,871.09 at the beginning of the year, a decline of 2.8%[28] - Cash and cash equivalents decreased to CNY 1,224,045,703.77 from CNY 2,068,546,987.95, representing a decline of about 40.7%[22] - Cash and cash equivalents dropped significantly to ¥189,652,359.93 from ¥463,873,655.10 at the beginning of the year, a decrease of 59.1%[27] Cash Flow - The net cash flow from operating activities was negative RMB 919,202,583.98, worsening from negative RMB 459,552,923.12 in the previous year[13] - Operating cash inflow for the first nine months of 2016 was CNY 2,778,919,440.80, an increase of 25.6% compared to CNY 2,213,015,601.95 in the same period last year[38] - Cash inflow from financing activities totaled CNY 706,397,848.00, up from CNY 412,430,144.10 in the previous year, indicating a 71.3% increase[41] - The parent company reported a net cash flow from operating activities of -CNY 195,121,351.36, an improvement from -CNY 290,031,443.07 year-on-year[43] Expenses - The company reported a significant increase in sales expenses, which rose by 88.88% to RMB 236,245,762.62 from RMB 125,075,307.64 year-on-year[10] - The company reported a significant increase in management expenses, which rose by 32.78% to RMB 1,039,392,348.20 from RMB 782,771,007.30 year-on-year[10] - The company's operating costs for Q3 2016 were ¥261.61 million, up from ¥204.32 million in Q3 2015, marking an increase of about 28%[35] Shareholder Information - The total number of shareholders reached 39,387 by the end of the reporting period[8] - The largest shareholder, China Electronics Corporation, holds 45.13% of the shares[8] Investments and Future Plans - The company completed capital increases for subsidiaries, with Shanghai Zhongruan's registered capital increasing to RMB 10 million and Sichuan Zhongruan's to RMB 50 million[15][16] - The company plans to purchase a property in Xi'an for RMB 17,286,301, with the first payment of RMB 6,914,520 already made[18] - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[30]