COMEC(SH:600685)2016-10-28 16:00Financial Performance - Operating revenue for the first nine months was CNY 17.07 billion, a decrease of 0.43% year-on-year[7] - Net profit attributable to shareholders was CNY 6.60 million, a significant recovery from a loss of CNY 947.09 million in the same period last year[7] - The weighted average return on net assets improved to 0.06% from -10.25% year-on-year[7] - Basic and diluted earnings per share were CNY 0.0047, recovering from a loss of CNY 0.6880 per share in the previous year[7] - The company reported a total comprehensive income of approximately -¥31.38 million for Q3 2016, compared to -¥419.18 million in Q3 2015[37] - Net profit for the first nine months was CNY 109,313,621.42, compared to a net loss of CNY 1,077,154,707.12 in the same period last year[39] Assets and Liabilities - Total assets increased by 3.92% to CNY 50.91 billion compared to the end of the previous year[7] - Net assets attributable to shareholders decreased by 0.36% to CNY 10.28 billion compared to the end of the previous year[7] - Total liabilities increased to ¥40,579,422,771.21 from ¥38,627,297,191.72, marking a growth of approximately 5.0%[29] - The company's equity attributable to shareholders decreased slightly to ¥10,280,905,924.88 from ¥10,318,048,242.46, a decline of about 0.4%[29] - The total non-current assets amounted to ¥14,496,868,928.13, a slight decrease from ¥14,597,181,868.35, indicating a decline of about 0.7%[28] Cash Flow - Cash flow from operating activities was negative at CNY -5.92 billion, compared to CNY -4.78 billion in the same period last year[7] - The net cash flow from operating activities was negative at CNY -5,916,633,684.02, worsening from CNY -4,780,837,586.11, primarily due to a decrease in received milestone payments[14] - Operating cash flow for the first nine months was negative CNY 5,916,633,684.02, worsening from negative CNY 4,780,837,586.11 year-over-year[40] - The company reported a significant reduction in cash flow across all activities, indicating potential liquidity challenges moving forward[44] Shareholder Information - The total number of shareholders reached 50,359 by the end of the reporting period[9] - HKSCC NOMINEES LIMITED held 41.66% of shares, making it the largest shareholder[9] Government Support and Commitments - The company received government subsidies amounting to CNY 79.51 million during the first nine months[8] - 中船集团承诺在重组完成后5年内通过合法方式进行资产重组，消除同业竞争问题[19] - 中船集团承诺不从事与中船防务及其控制企业相竞争的业务，履行期限为2015年4月8日至2020年4月9日[19] Investment and Expenses - The company reported a significant increase in selling expenses to CNY 189,240,900.68 from CNY 138,188,235.17, mainly due to warranty costs from the previous year being reversed[14] - The company’s investment income decreased significantly by 343.97% to CNY -65,855,364.75 from CNY 26,993,453.70, attributed to increased losses from foreign exchange contract settlements[14] - The company experienced a decrease in investment income, reporting CNY 2,024,560.64 for the first nine months, down from CNY 93,600,910.09 in the previous year[38]