AVIC SAC(SH:600760)2016-10-28 16:00Financial Performance - Operating revenue for the first nine months was CNY 850,929,535.41, a decline of 33.18% year-on-year[6] - Net profit attributable to shareholders was CNY -17,373,326.88, showing an improvement from CNY -117,374,001.60 in the same period last year[6] - The total profit for the period increased by 69.69%, reaching a profit of ¥-50,427,407.49 compared to ¥-166,362,888.01 in the previous year[17] - The company incurred an operating loss of CNY 86,740,226.74 for the first nine months of 2016, compared to a loss of CNY 28,879,935.70 in the same period last year[33] - The total comprehensive income for the period was CNY -63,192,876.85, compared to CNY -28,743,959.85 in the previous year[34] Cash Flow - Cash flow from operating activities increased by 1.24% to CNY 54,415,562.91 compared to the same period last year[6] - Total cash inflow from operating activities for the first nine months was CNY 826,399,581.99, a decrease of 10.8% compared to CNY 926,246,358.07 in the previous year[36] - Cash inflow from sales of goods and services was CNY 689,284,460.55, down from CNY 821,700,362.60, representing a decline of 16.1%[35] - Cash flow from investing activities showed a net outflow of CNY 237,874,468.59, compared to a net inflow of CNY 14,331,881.10 in the previous year[36] - Cash inflow from financing activities was CNY 1,041,000,000.00, an increase of 32.2% from CNY 787,035,044.97 year-on-year[37] Assets and Liabilities - Total assets decreased by 34.41% to CNY 1,672,546,022.60 compared to the end of the previous year[6] - Total liabilities decreased to CNY 1,186,703,556.10 from CNY 2,039,278,510.55, representing a reduction of 41.9%[25] - Current liabilities totaled CNY 1,026,545,633.27, down 44.0% from CNY 1,834,113,050.40[25] - Non-current assets amounted to CNY 871,836,484.85, a decrease of 47.9% compared to CNY 1,674,529,240.15 at the beginning of the year[25] - Fixed assets decreased from ¥1,185,467,209.73 to ¥361,175,138.84, a decline of approximately 70%[23] Shareholder Information - The total number of shareholders reached 65,046 by the end of the reporting period[9] - The largest shareholder, Jincheng Group Co., Ltd., holds 16.11% of the shares[9] Earnings Per Share - Basic and diluted earnings per share were both CNY -0.05, an improvement from CNY -0.34 in the previous year[6] - Basic and diluted earnings per share for Q3 2016 were CNY 0.07, compared to a loss of CNY 0.12 per share in Q3 2015[31] Government Support and Non-Recurring Items - Government subsidies recognized in the current period amounted to CNY 6,398,640.30[7] - Non-recurring gains and losses totaled CNY 29,682,562.05 for the current period[7] Inventory and Accounts Receivable - As of September 30, 2016, accounts receivable decreased by 57.27% to ¥64,963,419.56 from ¥152,047,198.14, primarily due to the disposal of the subsidiary Liuzhou Chenglong[10][11] - Inventory decreased by 37.75% to ¥234,532,328.27 from ¥376,735,257.62, attributed to the investment in the joint venture Beiqi Black Panther[12][13] Investment and Expenses - Long-term equity investments increased by ¥21,384,000.00, reflecting the company's investment in the joint venture Beiqi Black Panther[12] - The company experienced a 44.86% reduction in selling expenses, totaling ¥41,820,992.39 compared to ¥75,843,899.14 in the previous year[15] - The company reported a significant increase in sales and management expenses, with sales expenses at CNY 10,486,073.53 and management expenses at CNY 12,572,784.84 for Q3 2016[33] Corporate Governance - The company has committed to avoiding or minimizing related party transactions, ensuring compliance with legal and regulatory requirements[19] - The company has pledged to prevent non-operational use of funds, ensuring financial integrity[20] - The company has not indicated any significant changes in net profit compared to the previous year, suggesting stability in financial performance[20] - The company is focused on maintaining its operational activities without significant adverse impacts from financial obligations[20]