YMCC(SH:600691)2015-10-29 16:00Financial Performance - Net profit attributable to shareholders was CNY 51.23 million, a significant recovery from a loss of CNY 469.80 million in the same period last year[6]. - Operating revenue rose by 3.64% to CNY 15.28 billion compared to CNY 14.74 billion in the same period last year[6]. - Basic and diluted earnings per share were CNY 0.03, recovering from a loss of CNY 0.32 per share in the same period last year[6]. - The company reported a net loss of approximately ¥174.08 million, improving from a loss of ¥225.32 million in the previous period[29]. - The company's net profit for the first three quarters of 2015 was -1,093,749.58 yuan, compared to -5,850,610.60 yuan in the same period last year, indicating an improvement of approximately 81.24%[41]. - The total comprehensive income attributable to the parent company for Q3 2015 was approximately 11.47 million, a recovery from a loss of 469.72 million in the same quarter last year[38]. Assets and Liabilities - Total assets increased by 16.27% to CNY 40.36 billion compared to the end of the previous year[6]. - Total liabilities rose to approximately ¥34.05 billion, compared to ¥28.48 billion at the beginning of the year, marking an increase of 19.67%[29]. - Current liabilities totaled approximately ¥24.12 billion, an increase of 18.00% from ¥20.38 billion at the beginning of the year[29]. - Non-current liabilities amounted to approximately ¥9.93 billion, up from ¥8.10 billion, reflecting a growth of 22.63%[29]. - Cash and cash equivalents increased by 37.13% to ¥568,095.65 million compared to the end of 2014[11]. - The company’s accounts payable for interest increased by 76.98% to ¥32,567.43 million, reflecting accrued interest on private equity[11]. Cash Flow - Net cash flow from operating activities decreased by 29.02% to CNY 1.56 billion compared to CNY 2.20 billion in the same period last year[6]. - The net cash flow from financing activities surged by 205.74% to ¥150,349.56 million due to new private equity funding[13]. - Operating cash flow for the first nine months of 2015 was 1,559,723,031.11 yuan, down 29.05% from 2,197,351,663.68 yuan in the previous year[44]. - The total cash inflow from operating activities was 14,430,801,801.27 yuan, while cash outflow was 12,871,078,770.16 yuan, resulting in a net cash flow of 1,559,723,031.11 yuan[44]. - The cash flow from financing activities showed a net outflow, indicating potential repayment of debts and distribution of dividends[47]. Investment and Expenses - Investment income decreased by 121.08% to -¥1,144.21 million, attributed to poor performance of joint ventures[12]. - The company experienced a loss in investment income of approximately 4.78 million, compared to a loss of 21.77 million in the previous quarter, suggesting improved investment performance[36]. - The company reported a significant increase in sales expenses, totaling approximately 625.88 million, compared to 604.91 million in the previous quarter, reflecting increased marketing efforts[35]. - The total operating costs for Q3 2015 were approximately 13.77 billion, slightly lower than 14.03 billion in the previous quarter, indicating improved cost management[35]. Future Outlook and Commitments - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[6]. - The company’s net profit guidance for the next fiscal year remains optimistic, with expectations of continued growth in revenue and profitability[14]. - The company has committed to ensuring that the annual cash profit distribution is no less than 10% of the distributable profit achieved in the current year[20]. - The company will cumulatively distribute cash profits amounting to no less than 30% of the average annual distributable profit over three consecutive years[20]. - The company anticipates achieving profitability in the next reporting period due to various loss-reduction and profit-increasing measures being implemented[23].