FOUNDERTECH(SH:600601)2015-10-27 16:00Financial Performance - Operating revenue for the first nine months was CNY 4,237,240,534.28, representing a decline of 9.63% year-on-year[7] - Net profit attributable to shareholders was CNY 21,859,188.69, down 83.55% compared to the same period last year[8] - Basic earnings per share were CNY 0.0100, down 83.55% from CNY 0.0605 in the same period last year[8] - Operating profit decreased by 90% to RMB 14 million, attributed to declining gross margins and rising financial expenses[12] - The company reported a net loss of CNY 16,143,388.78 in the current period, compared to a profit of CNY 67,207,000.01 previously[25] - Total profit for the first nine months of 2015 was approximately ¥47.39 million, a decrease of 72.8% from ¥170.24 million in the same period of 2014[29] - Net profit for Q3 2015 was approximately ¥18.86 million, a decline of 22.5% from ¥24.42 million in Q3 2014[29] - The net profit attributable to the parent company's shareholders for Q3 2015 was approximately ¥19.05 million, down 47.7% from ¥36.40 million in Q3 2014[29] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 67,842,228.00, a significant decrease from CNY 194,186,446.10 in the previous year[7] - Net cash flow from operating activities dropped by 135% to -RMB 67 million, mainly due to reduced receivables collection[12] - Cash inflow from operating activities totaled CNY 4,411,824,266.76, while cash outflow was CNY 4,479,666,494.76, resulting in a net cash outflow[35] - Cash inflow from investment activities was CNY 7,491,009.77, a significant increase from CNY 2,333,288.02 in the same period last year[36] - Cash flow from financing activities yielded a net inflow of CNY 128,701,121.87, slightly down from CNY 145,178,901.93 in the previous year[36] - The company experienced a decrease in cash and cash equivalents by 105,755,020.94 CNY during the quarter, highlighting liquidity challenges[39] Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,068,362,390.39, a decrease of 1.17% compared to the end of the previous year[7] - The total current assets increased to CNY 1,280,385,122.48 from CNY 1,099,801,592.16, marking an increase of about 16.43%[24] - Current liabilities totaled CNY 5,083,356,607.84, down from CNY 5,322,024,661.75 at the beginning of the year, indicating a reduction of approximately 4.49%[21] - Non-current liabilities increased to CNY 434,284,934.19 from CNY 319,927,759.30, representing a growth of about 35.61%[21] - The company's total liabilities decreased to CNY 5,517,641,542.03 from CNY 5,641,952,421.05, reflecting a decline of approximately 2.20%[21] - Owner's equity totaled CNY 3,550,720,848.36, slightly up from CNY 3,534,146,253.48, showing an increase of about 0.47%[21] Shareholder Information - The total number of shareholders reached 319,098 at the end of the reporting period[10] - The largest shareholder, Peking University Founder Information Industry Group Co., Ltd., held 255,613,016 shares, accounting for 11.65% of the total[10] Investments and Acquisitions - The company completed the acquisition of 100% equity in Founder Broadband and Founder International in December 2014, impacting the financial data reported[8] - The company signed a profit compensation agreement for the acquisition of 100% equity in Fangzheng Broadband, with promised net profits of RMB 47.56 million, RMB 68.14 million, and RMB 88.59 million for 2014, 2015, and 2016 respectively[16] - The company also signed a profit compensation agreement for the acquisition of 100% equity in Fangzheng International, with promised net profits of RMB 67.45 million, RMB 84.77 million, and RMB 111.55 million for 2014, 2015, and 2016 respectively[16] - A new investment fund, with a scale of RMB 200 million, is being established for smart city projects in collaboration with local government[14] Management and Expenses - Management expenses increased by 31% to RMB 262 million, mainly due to changes in R&D expense reporting[12] - The company experienced a financial expense increase to approximately ¥87.93 million in the first nine months of 2015, compared to ¥35.76 million in the same period of 2014[28] Government Support - Government subsidies recognized in the current period amounted to CNY 13,676,151.15, contributing to the overall financial performance[11] Strategic Commitments - The company has committed to not engaging in substantial competition with its main business, ensuring strategic alignment with its controlling shareholders[15] - The company has committed to continue supporting the development of its subsidiaries as per previous commitments[16] - The company committed to a cash dividend policy, distributing at least 10% of the distributable profits annually for the next three years[17]