AVIC SAC(SH:600760)2015-10-27 16:00Financial Performance - Operating revenue for the first nine months was CNY 1,271,010,503.66, a decrease of 34.90% year-on-year[7]. - Net profit attributable to shareholders was a loss of CNY 114,322,711.41, compared to a loss of CNY 86,624,986.15 in the same period last year[7]. - Total profit for the first nine months of 2015 was -157,562,093.63 yuan, a decline of 60,593,773.82 yuan or 62.49% compared to the same period in 2014[15]. - The net loss for Q3 2015 was ¥71,691,275.69, compared to a loss of ¥44,347,322.54 in Q3 2014, indicating a worsening performance[27]. - The total net loss attributable to the parent company for the first nine months of 2015 was ¥114,322,711.41, compared to ¥86,624,986.15 in the same period of 2014, reflecting an increase in losses of approximately 32%[30]. Asset and Liability Changes - Total assets decreased by 7.58% to CNY 2,858,293,148.59 compared to the end of the previous year[7]. - The company's current assets totaled CNY 1,195,592,656.39, down from CNY 1,381,931,233.03 at the beginning of the year, indicating a decline of approximately 13.4%[20]. - Total current liabilities were CNY 1,983,204,955.15, down from CNY 2,088,417,461.82, indicating a decrease of approximately 5.0%[21]. - The company's equity decreased to ¥596,620,759.57 from ¥660,493,055.62 at the beginning of the year, reflecting a decline in shareholder value[25]. Cash Flow Analysis - Cash flow from operating activities decreased by 17.48% to CNY 54,957,050.55 for the first nine months[7]. - The net cash flow from operating activities for the first nine months of 2015 was 54,957,050.55 yuan, a decrease of 11,637,527.58 yuan or 17.48% year-on-year[15]. - The cash flow from operating activities showed a net outflow of -¥6,414,322.82 for the first nine months, contrasting with a net inflow of ¥30,922,333.82 in the previous year[38]. - The total cash inflow from operating activities for the first nine months was ¥274,450,357.86, down from ¥353,477,514.65 in the previous year[38]. Shareholder Information - The number of shareholders at the end of the reporting period was 94,141[9]. - The largest shareholder, Jincheng Group Co., Ltd., held 16.11% of the shares[9]. Receivables and Inventory - Accounts receivable decreased by 52.26% to CNY 46,647,651.41 compared to the beginning of the year[12]. - Inventory decreased to CNY 487,848,507.00 from CNY 516,432,165.70, a decline of about 5.5%[20]. - Accounts receivable fell to CNY 226,158,595.97 from CNY 272,351,949.16, representing a decrease of approximately 16.9%[20]. Legal Matters - The company is currently involved in multiple lawsuits, including a significant case regarding land use rights, which is still in the trial phase[16]. Restructuring Efforts - The company has undertaken a restructuring process, transferring relevant assets to AVIC Black Panther, which will no longer operate in the specialized vehicle sector[18]. - The company has committed to ensuring that its subsidiaries do not engage in any business that competes with AVIC Black Panther post-restructuring[18].