宁波富达(600724) - 2015 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months was CNY 1,626,331,439.65, down 64.30% year-on-year[7] - Net profit attributable to shareholders of the listed company was a loss of CNY 866,716,373.53, a decrease of 232.24% compared to the same period last year[7] - Basic and diluted earnings per share were both CNY -0.5997, a decrease of 232.24% year-on-year[7] - Revenue for Q3 2015 was $1.63 billion, a decrease of 64.30% compared to $4.56 billion in the same period last year[13] - Operating profit for Q3 2015 was -$846.23 million, a decline of 185.00% from $995.60 million year-over-year[13] - Net profit for Q3 2015 was -$870.15 million, down 203.01% from $844.74 million in the previous year[13] - The company reported a 54.82% decrease in retained earnings, dropping to $833.38 million from $1.84 billion[13] - Total revenue for Q3 2015 was ¥514,682,632.36, a decrease of 41.7% compared to ¥882,328,400.80 in Q3 2014[29] - Net profit attributable to the parent company for Q3 2015 was -¥912,263,710.91, compared to a profit of ¥88,020,053.11 in Q3 2014[30] - The company incurred an operating loss of -¥909,411,260.12 in Q3 2015, compared to an operating profit of ¥102,196,370.50 in Q3 2014[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 18,502,779,316.40, a decrease of 1.11% compared to the end of the previous year[7] - The company's total liabilities as of September 30, 2015, were approximately 15.10 billion RMB, compared to 14.21 billion RMB at the beginning of the year[23] - The company's current liabilities totaled approximately 10.55 billion RMB, an increase from 10.40 billion RMB at the beginning of the year[22] - The company's inventory as of September 30, 2015, was approximately 13.26 billion RMB, down from 13.39 billion RMB at the beginning of the year[21] - Total assets at the end of Q3 2015 amounted to ¥10,585,806,931.51, slightly up from ¥10,579,455,708.68 at the beginning of the year[27] - Current liabilities totaled ¥4,574,247,816.24, an increase from ¥4,535,122,688.75 at the start of the year[27] Cash Flow - Cash flow from operating activities was CNY 350,683,825.33, a significant improvement from a negative CNY 477,855,259.36 in the same period last year[7] - Cash flow from operating activities increased by $350.68 million compared to a negative cash flow of -$477.86 million in the previous year[14] - The company reported a total cash inflow from operating activities of CNY 2.73 billion for the first nine months of 2015, compared to CNY 2.16 billion in the same period of 2014[36] - The net cash flow from operating activities for the first nine months of 2015 was ¥78,802,524.30, a significant increase compared to ¥482,351.77 in the same period last year[40] - The total cash inflow from investment activities was ¥296,877,026.75, up from ¥252,982,496.33 year-on-year[40] - The net cash flow from financing activities was -¥388,063,161.15, compared to -¥238,408,571.98 in the previous year, indicating increased cash outflows[40] Shareholder Information - The number of shareholders at the end of the reporting period was 54,050[10] - The largest shareholder, Ningbo Urban Construction Investment Holding Co., Ltd., held 76.95% of the shares[10] Investment and Impairment - Asset impairment losses increased significantly, reaching $920.09 million, compared to a minor loss of -$522.38 thousand last year[14] - Investment income decreased by 47.15% to $650.11 thousand, reflecting a reduction in cash dividends received[14] - The company plans to sell 51% of its subsidiary Ningbo City Investment Property Co., Ltd. to a well-known real estate enterprise to enhance project quality and reduce overall losses[18] Future Outlook - The company expects a net loss for the entire year of 2015 to be between 750 million and 850 million RMB due to inventory impairment provisions[17]