CRCH(SH:600636)2015-10-27 16:00Financial Performance - Revenue for the period from January to September was CNY 2,883,027,541.73, a 3.09% increase year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 99,971,659.42, compared to a profit of CNY 19,063,512.31 in the same period last year[6] - Basic and diluted earnings per share were both -CNY 0.2237, not applicable compared to the previous year[7] - Total operating revenue for Q3 2015 was ¥717,758,037.51, a decrease of 39.7% compared to ¥1,191,385,627.17 in Q3 2014[26] - Net profit for Q3 2015 was a loss of ¥60,530,469.17, compared to a profit of ¥10,772,686.20 in Q3 2014[28] - Operating profit for the first nine months of 2015 was a loss of ¥99,801,031.79, compared to a profit of ¥16,722,083.46 in the same period last year[27] - Total profit for the period was a loss of ¥39,408,934.03, compared to a loss of ¥32,530,299.41 in the previous year, indicating a decline of 21.5%[30] Assets and Liabilities - Total assets increased by 13.85% to CNY 4,418,853,763.13 compared to the end of the previous year[6] - The total assets reached ¥2,276,932,861.01, reflecting a significant increase from ¥1,733,430,175.33 in the previous year[24] - The total liabilities amounted to ¥271,258,003.63, while total equity was ¥2,005,674,857.38 as of the end of Q3 2015[24] - The company's total liabilities decreased to CNY 831.21 million from CNY 1.77 billion, a reduction of about 53%[21] Cash Flow - Net cash flow from operating activities increased by 57.20% to CNY 220,463,902.58 for the period from January to September[6] - The net cash flow from operating activities improved by 57.20% to RMB 220,463,902.58, mainly due to reduced cash expenditures[14] - The net cash flow from financing activities surged by 600.75% to RMB 391,296,280.45, reflecting the inflow of raised funds[14] - Cash flow from operating activities generated ¥220,463,902.58, an increase of 57.2% from ¥140,244,564.50 in the same period last year[36] - Financing activities generated a net cash inflow of ¥391,296,280.45, compared to ¥55,839,540.36 in the same period last year, showing a significant increase[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 45,105[10] - The largest shareholder, Shanghai Huayi (Group) Company, held 31.60% of the shares[11] - The net assets attributable to shareholders of the listed company increased by 84.94% to RMB 3,008,814,520.84 compared to the same period last year[14] - The equity attributable to shareholders increased significantly to CNY 3.01 billion from CNY 1.63 billion, reflecting a growth of approximately 84%[21] Expenses and Losses - Management expenses rose by 39.95% to RMB 247,979,720.81, attributed to increased R&D costs and losses from idle production facilities[14] - Sales expenses increased to ¥1,637,430.40 from ¥1,109,663.43, reflecting a rise of 47.4% year-over-year[30] - Management expenses rose significantly to ¥42,729,674.90, up 95.0% from ¥21,911,560.89 in the same period last year[30] - The company incurred an asset impairment loss of ¥24,279,994.46 in Q3 2015, compared to a gain of ¥3,973,616.54 in Q3 2014[27] Government Support and Investments - The company received government subsidies amounting to CNY 48,936,924.15 during the reporting period[8] - The company has acquired Zhenfu Company, impacting the net cash flow from investing activities negatively[14] - Cash inflow from investment activities totaled $89.16 million, compared to $55.61 million in the previous year[39] - The company reported a significant increase in cash inflow from investment activities, primarily driven by investment income received of $84.20 million, up from $39.08 million year-over-year[39] Market and Management Changes - The company is in the process of expanding its market presence and developing new products, although specific details were not disclosed in the report[19] - The company has appointed new leadership, with Jin Jian elected as chairman and Xu Zhongwei appointed as general manager[19]