HNA Technology(SH:600751)2018-10-30 16:00Financial Performance - Operating revenue for the period was CNY 232,589,393, representing an increase of 3.88% year-on-year[5] - Net profit attributable to shareholders was CNY 43,617, a decline of 64.11% compared to the same period last year[5] - The overseas subsidiary, Ingram International, achieved a net profit of USD 208 million, an increase of 44.95% year-on-year[7] - The investment income dropped by 52.21% to RMB 70,503 thousand, attributed to the poor performance of a joint venture[14] - Total operating revenue for Q3 2018 was 82,804,599, an increase from 77,294,887 in Q3 2017, representing a growth of approximately 6.5%[30] - Net profit for Q3 2018 was 69,779, a decrease from 124,301 in Q3 2017, reflecting a decline of about 43.8%[31] - Total profit for Q3 2018 was 215,016, down from 233,902 in Q3 2017, a decrease of about 8.1%[30] Cash Flow - Net cash flow from operating activities reached CNY 7,715,357, a significant increase of 251.78% year-on-year[5] - The company's cash flow from operating activities improved to RMB 7,715,357 thousand, a 251.78% increase from the previous period[16] - Operating cash inflow for the first nine months of 2018 was CNY 239,662,502, a slight increase from CNY 238,063,292 in the same period last year[38] - Net cash flow from operating activities was CNY 7,715,357, compared to a negative CNY 5,083,090 in the previous year[38] - Total cash inflow from operating activities was CNY 239,662,502, while cash outflow was CNY 231,947,145, resulting in a net cash inflow of CNY 7,715,357[38] - Net cash flow from investment activities was CNY 76,998, an improvement from a negative CNY 404,888 in the previous year[38] - The company reported a total cash inflow of CNY 3,951,027 from financing activities, while cash outflow was CNY 12,143,623, leading to a net cash outflow of CNY 8,192,596[39] Assets and Liabilities - Total assets at the end of the reporting period were CNY 121,080,198, a decrease of 1.45% compared to the end of the previous year[5] - Current assets totaled 88,675,655 thousand RMB, down from 91,377,871 thousand RMB, representing a decrease of about 2.9%[24] - Total liabilities decreased from 104,970,206 thousand RMB to 103,153,199 thousand RMB, a decline of approximately 1.73%[25] - Current liabilities increased from 88,839,022 thousand RMB to 89,453,166 thousand RMB, an increase of about 0.7%[24] - Long-term borrowings decreased by 73.69% to RMB 2,085,701 thousand as a result of repayments made during the period[13] Shareholder Information - The total number of shareholders at the end of the reporting period was 89,892[10] - Major shareholder HNA Technology Group Co., Ltd. held 602,006,689 shares, representing 20.76% of the total shares[10] Other Financial Metrics - The weighted average return on equity decreased to 0.33%, down by 0.62 percentage points from the previous year[5] - Financial expenses surged by 342.03% to RMB 2,442,588 thousand, primarily due to exchange rate fluctuations and increased interest expenses from foreign borrowings[14] - The company reported a total equity of 17,926,999 thousand RMB, slightly up from 17,886,389 thousand RMB, indicating a growth of about 0.22%[25] - The company's long-term investments remained stable, with long-term equity investments at 2,435,135 thousand RMB, down slightly from 2,445,129 thousand RMB[23] Foreign Exchange and Risk Management - The company reported a non-recurring loss of CNY 191,819 due to adverse foreign exchange fluctuations[7] - The company held forward foreign exchange contracts to mitigate currency risk, resulting in a fair value change impacting non-recurring gains and losses by approximately CNY 530 million[7] Communication with Investors - The company held a communication session with investors regarding the termination of the major asset restructuring on September 21, 2018[17] - The company decided to terminate a major asset restructuring plan due to significant changes in the external environment and uncertainties regarding contract execution[16]