HIGHLY(SH:600619)2015-10-29 16:00Financial Performance - Revenue for the first nine months decreased by 13.80% to CNY 4,441,817,188.71 compared to the same period last year[8]. - Net profit attributable to shareholders decreased by 32.76% to CNY 45,147,360.34 compared to the same period last year[8]. - Net profit excluding non-recurring gains and losses decreased by 66.67% to CNY 17,576,421.11 compared to the same period last year[9]. - Basic earnings per share decreased by 40.00% to CNY 0.06 compared to the same period last year[9]. - Weighted average return on equity decreased by 1.04 percentage points to 1.78% compared to the same period last year[9]. - The company reported a decrease in accounts receivable from CNY 1,466,968,390.84 to CNY 1,480,989,960.03, indicating a slight increase of about 1%[32]. - The company reported a total comprehensive income of CNY 100,958,319.52 for the first nine months, compared to CNY 65,867,355.01 in the previous year[47]. - The net profit for the first nine months was CNY 99,971,988.13, compared to CNY 61,849,080.76 for the same period last year, representing an increase of approximately 61.5%[46]. Assets and Liabilities - Total assets increased by 22.93% to CNY 10,634,872,519.29 compared to the end of the previous year[8]. - Total liabilities reached CNY 6,325,491,404.44, an increase from CNY 5,535,974,077.92, indicating a rise of around 14%[33]. - Owner's equity rose to CNY 4,309,381,114.85, up from CNY 3,115,421,491.45, reflecting a growth of about 38%[34]. - Current assets totaled CNY 5,465,470,341.91, compared to CNY 4,917,951,632.75, reflecting an increase of about 11%[32]. - Long-term equity investments decreased by 31.70% year-on-year, attributed to the consolidation of Anhui Haili[15]. - Total assets amounted to ¥4,093,901,250.90, an increase from ¥2,939,103,398.47 year-on-year[39]. - The total equity attributable to shareholders was ¥3,002,252,477.58, compared to ¥1,848,068,569.56 in the previous year[39]. Cash Flow - Operating cash flow for the period increased by 104.58% to CNY 381,057,126.59 compared to the same period last year[8]. - The company reported a 275.44% decrease in net cash flow from financing activities year-on-year, primarily due to reduced working capital loans[20]. - The cash flow from operating activities for the first nine months was CNY 381,057,126.59, up from CNY 186,259,515.10 in the same period last year[51]. - The net cash flow from operating activities for the first nine months was -34,119,039.07 RMB, an improvement from -40,552,134.37 RMB in the same period last year[54]. - The cash inflow from tax refunds was 3,801,593.88 RMB, compared to 51,901,885.65 RMB in the same period last year[54]. Shareholder Information - Total number of shareholders at the end of the reporting period was 51,167, with 28,993 being B shareholders[11]. - The largest shareholder, Shanghai Electric Group, holds 26.66% of the shares, totaling 218,357,822 shares[11]. Inventory and Prepayments - Prepayments increased by 114.42% year-on-year, primarily due to increased material procurement prepayments and the consolidation of Hangzhou Fusheng and Anhui Haili into the company's financials[14]. - Inventory rose by 47.75% year-on-year, and construction in progress increased by 204.76%, mainly due to the consolidation of Hangzhou Fusheng and Anhui Haili[15]. Business Operations - The company is focused on "innovation breakthroughs to enhance profitability" as part of its annual work policy[21]. - The company achieved significant growth in non-household air conditioning compressor sales, with heat pump water heater compressors and heat pump dryer compressors sold at 225,700 units and 336,000 units, respectively, representing year-on-year increases of 115.64% and 113.16%[22]. - The acquisition of 100% equity in Hangzhou Fusheng resulted in sales of refrigeration motors totaling 14.6171 million units, generating revenue of 1,110.6692 million yuan[23]. - The company has expanded its automotive parts business, with external matching business reaching 45% of total operations[23]. Financial Expenses - The company incurred financial expenses of CNY 37,792,788.03 for the first nine months, slightly increasing from CNY 37,235,333.19 in the previous year[46]. - Financial expenses rose to ¥46,910,693.90 in Q3 2015, compared to ¥22,531,495.86 in the same period last year[41].