FACS(SH:600651)2018-10-30 16:00Financial Performance - Operating revenue for the first nine months was CNY 2.37 billion, a decline of 44.58% year-on-year[7] - Net profit attributable to shareholders was a loss of CNY 827.74 million, compared to a profit of CNY 169.68 million in the same period last year, representing a decrease of 587.81%[7] - Basic and diluted earnings per share were both CNY -0.841, a decrease of 588.95% compared to CNY 0.172 in the previous year[8] - The company's net profit attributable to the parent company for the first nine months of 2018 was a loss of CNY 82,773,600, a decrease of 587.81% year-on-year, indicating significant financial distress[18] - The net profit for the third quarter of 2018 was a loss of CNY 425,533,239.36, contrasting with a profit of CNY 49,241,270.69 in the same quarter of the previous year[32] - The company reported a comprehensive loss of CNY 493,139,273.43 for the third quarter of 2018, compared to a comprehensive income of CNY 29,914,166.37 in the same period last year[32] Assets and Liabilities - Total assets decreased by 4.94% to CNY 14.78 billion compared to the end of the previous year[7] - Total current assets decreased from CNY 8,313,270,787.94 at the beginning of the year to CNY 7,709,427,489.17, a decline of approximately 7.3%[22] - Total liabilities increased from CNY 11,977,824,026.79 to CNY 12,091,496,191.13, an increase of approximately 0.9%[24] - The company's total equity decreased from CNY 3,575,214,395.14 to CNY 2,693,333,105.80, a decline of approximately 24.6%[24] - The total liabilities as of the end of the third quarter of 2018 were CNY 3,962,203,107.87, an increase from CNY 3,795,054,601.27 at the end of the previous year[31] Cash Flow - The company reported a net cash flow from operating activities of CNY -224.28 million, an improvement from CNY -887.86 million in the same period last year[7] - Cash flow from operating activities showed a net outflow of -¥224,277,494.53, an improvement from -¥887,857,826.53 in the same period last year[38] - Net cash flow from operating activities was -$10.09 million, an improvement from -$105.32 million year-over-year[41] - Cash inflow from financing activities was $1.54 billion, a decrease from $2.15 billion year-over-year[42] Shareholder Information - The total number of shareholders at the end of the reporting period was 68,746[11] - The largest shareholder, Shanghai Yidian Electronics (Group) Co., Ltd., held 22.05% of the shares[12] - Beijing Shen'an United Co., Ltd. held 17.03% of the shares and had pledged all of its shares[12] Impairment and Expenses - The company's asset impairment losses surged to CNY 329,596,371.68, a 1075% increase, mainly due to provisions for bad debts and inventory write-downs[15] - The company reported an asset impairment loss of CNY 270,416,138.29 for the third quarter of 2018, compared to a reversal of CNY -1,536,174.10 in the same period last year[31] - The company’s financial expenses rose by 76% to CNY 146,155,907.99, attributed to an increase in average loan balances and interest expenses[14] Revenue and Costs - Total operating costs for the first nine months of 2018 amounted to CNY 3,200,929,943.83, compared to CNY 4,239,647,668.14 in the previous year, indicating a decrease of about 24.5%[30] - The company's operating revenue for Q3 was ¥5,157,092.53, a decrease from ¥25,987,296.72 in the previous period, representing a decline of approximately 80.2% year-over-year[35] Research and Development - Research and development expenses for the first nine months of 2018 were CNY 102,610,712.09, down from CNY 119,257,588.63 in the previous year, reflecting a decrease of approximately 13.9%[31] - Research and development expenses for the period were ¥757,579.41, down from ¥6,553,669.15 in the previous year, indicating a significant reduction in investment in R&D[35]