SPEG(SH:600679)2015-10-30 16:00Financial Performance - Operating revenue for the period was CNY 384,551,014.83, representing a decline of 20.33% year-on-year [7]. - Net profit attributable to shareholders was CNY -10,981,898.90, compared to CNY -3,178,626.94 in the same period last year [7]. - The weighted average return on equity was -1.6655%, down from -0.5355% year-on-year [7]. - The basic and diluted earnings per share were both CNY -0.0311, compared to CNY -0.0090 in the same period last year [7]. - The company expects a cumulative net profit decline of over 50% compared to the same period last year, primarily due to the absence of land acquisition gains that occurred last year [15]. - Total operating revenue for Q3 2015 was ¥131,603,287.55, a decrease of 34.2% from ¥199,728,800.68 in Q3 2014 [26]. - Operating profit for Q3 2015 was a loss of ¥5,474,757.25, compared to a profit of ¥3,889,210.67 in Q3 2014 [27]. - Net profit for Q3 2015 was a loss of ¥4,156,602.06, compared to a profit of ¥4,102,821.44 in Q3 2014 [27]. - The total comprehensive income for Q3 2015 was a loss of ¥11,887,535.82, compared to a gain of ¥7,828,336.46 in Q3 2014 [28]. - Basic and diluted earnings per share for Q3 2015 were both -¥0.0164, compared to ¥0.0098 in Q3 2014 [28]. - The company reported an investment loss of ¥6,173,583.03 in Q3 2015, compared to a gain of ¥4,527,038.54 in Q3 2014 [26]. - Net profit for the first nine months of 2015 was a loss of ¥6,078,550.17, compared to a loss of ¥4,307,282.73 in the same period last year [31]. - Total comprehensive income for Q3 2015 was a loss of ¥13,388,241.20, compared to a gain of ¥7,354,131.43 in Q3 2014 [31]. Cash Flow - Cash flow from operating activities was CNY 21,706,201.84, a significant improvement from CNY -2,250,776.06 in the previous year [7]. - The company's cash flow from operating activities improved significantly, with a net cash inflow of ¥21,706,201.84 compared to a net outflow of ¥2,250,776.06 in the previous period, representing an increase of 1064.39% [13]. - The company reported a net cash inflow from operating activities of ¥21,706,201.84 for the first nine months, a significant improvement from a net outflow of ¥2,250,776.06 in the previous year [34]. - Operating cash flow for the first nine months of 2015 was negative at -18,605,395.13 RMB, a significant decline from 37,303,249.12 RMB in the same period last year [37]. - Total cash outflow for operating activities was 65,419,469.12 RMB, down from 110,901,602.58 RMB in the previous year [37]. - Cash received from sales and services decreased to 1,297,592.00 RMB, compared to 1,734,585.69 RMB in the same period last year [37]. - Payments to employees were 10,304,522.38 RMB, slightly down from 10,582,001.73 RMB year-over-year [37]. - Tax payments increased significantly to 22,543,401.51 RMB, compared to 4,688,624.99 RMB in the previous year [37]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,124,075,124.82, a decrease of 7.28% compared to the end of the previous year [7]. - Total assets decreased from CNY 1,212,273,677.32 to CNY 1,124,075,124.82, a decline of approximately 7.4% [20]. - Current liabilities decreased from CNY 416,951,211.61 to CNY 287,514,242.99, a reduction of about 31.0% [20]. - Non-current liabilities increased from CNY 102,712,270.53 to CNY 110,837,348.80, an increase of approximately 7.0% [21]. - Total liabilities decreased from CNY 519,663,482.14 to CNY 398,351,591.79, a decline of about 23.3% [21]. - Owner's equity increased from CNY 692,610,195.18 to CNY 725,723,533.03, an increase of approximately 4.8% [21]. - Cash and cash equivalents decreased from CNY 82,074,407.17 to CNY 67,212,252.41, a decline of about 18.1% [23]. - Accounts receivable decreased by 62.37% to ¥30,378,701.74 from ¥80,737,208.22 due to collections by the subsidiary Shanghai Phoenix Bicycle Co., Ltd. [11]. - Inventory decreased by 36.77% to ¥32,449,374.44 from ¥51,321,440.73 as a result of the exit of Phoenix (Tianjin) Bicycle Co., Ltd. from the consolidation scope [11]. - Other receivables decreased by 56.64% to ¥31,517,088.21 from ¥72,683,770.46, mainly due to the recovery of loans from Jiangsu Xianfeng Electric Technology Co., Ltd. [11]. - Accounts receivable increased from CNY 23,108,153.32 to CNY 33,113,774.62, an increase of approximately 43.4% [23]. - Deferred income tax liabilities increased from CNY 23,722,270.53 to CNY 37,847,348.80, an increase of about 59.6% [24]. - Total current assets decreased from CNY 318,929,083.96 to CNY 298,626,843.12, a decline of approximately 6.4% [23]. - Total non-current assets increased from CNY 535,057,542.64 to CNY 590,410,541.68, an increase of about 10.3% [23]. Shareholder Information - The total number of shareholders at the end of the reporting period was 40,639 [9]. - The largest shareholder, Shanghai Jinshan District State-owned Assets Supervision and Administration Commission, held 33.13% of shares [9]. Investment Activities - The company reported a total of CNY 776,625.47 in gains from debt restructuring during the period [8]. - Non-operating income for the period totaled CNY 544,325.87, compared to CNY 408,681.77 for the previous year [8]. - The company reported an 88.86% decrease in investment income, down to ¥1,532,006.12 from ¥13,747,546.00, primarily due to losses from subsidiaries [13]. - The company incurred management expenses of ¥24,525,952.27 for the first nine months, an increase of 22.6% from ¥19,982,449.05 in the same period last year [30]. - Investment activities resulted in a net cash outflow of ¥11,534,856.70 for the first nine months, compared to a net outflow of ¥86,844,091.27 in the previous year [35]. - Total cash inflow from investment activities increased to 5,749,960.71 RMB, compared to 4,929,704.45 RMB in the previous year [37]. - Net cash flow from investment activities improved to 5,730,982.85 RMB, a recovery from -25,063,279.35 RMB in the same period last year [37]. Asset Management Strategy - The company plans to sell idle properties held by its subsidiary Shanghai Phoenix Technology Venture Capital Co., Ltd. through public auction, as part of its asset management strategy [14]. - The company received unconditional approval from the China Securities Regulatory Commission for its asset purchase and related transactions, allowing its stock to resume trading [14].