XCEC(SH:600777)2015-10-27 16:00Financial Performance - Operating revenue decreased by 45.41% to CNY 305,699,057.64 compared to the same period last year[6] - Net profit attributable to shareholders was a loss of CNY 70,256,511.10, compared to a loss of CNY 30,701,610.03 in the previous year[6] - The weighted average return on net assets decreased by 3.59 percentage points to -6.15%[6] - Total operating revenue for Q3 was ¥124.83 million, up 23.1% from ¥101.34 million in the same period last year[32] - Total operating costs increased to ¥153.93 million, a rise of 31.5% compared to ¥117.04 million in Q3 of the previous year[32] - Operating profit for the period was -¥29.10 million, worsening from -¥15.70 million year-over-year[32] - Net profit for Q3 was -¥26.78 million, compared to -¥16.31 million in the same quarter last year, indicating a significant decline[33] - The company reported a total profit of -¥26.60 million for the quarter, compared to -¥15.42 million in the previous year[33] - Basic and diluted earnings per share were both -¥0.05, compared to -¥0.02 in Q3 of the previous year[33] - The company reported a total comprehensive loss of -¥26.78 million for Q3, compared to -¥16.31 million in the same quarter last year[33] Assets and Liabilities - Total assets increased by 3.29% to CNY 4,416,269,882.87 compared to the end of the previous year[6] - Net assets attributable to shareholders decreased by 5.96% to CNY 1,107,614,881.57[6] - Long-term borrowings increased by 96.25%, indicating new long-term loans taken during the period[12] - Total liabilities increased to ¥2,686,219,468.91 from ¥2,483,463,871.15, representing a growth of approximately 8.2% year-over-year[26] - Current liabilities totaled ¥2,484,344,991.21, up from ¥2,357,577,187.19, indicating an increase of about 5.4%[26] - Short-term borrowings rose to ¥676,800,000.00 from ¥629,200,000.00, reflecting an increase of approximately 7.6%[26] - Total equity decreased to ¥1,730,050,413.96 from ¥1,792,157,213.87, a decline of approximately 3.5%[26] - Non-current liabilities totaled ¥201,874,477.70, up from ¥125,886,683.96, indicating an increase of about 60.2%[26] Cash Flow - Cash flow from operating activities increased by 121.45% to CNY 65,419,094.57 compared to the same period last year[14] - Operating cash inflow for the period reached CNY 540.60 million, up from CNY 426.26 million in the previous year, representing a 27% increase[38] - Net cash flow from operating activities improved to CNY 65.42 million, compared to a loss of CNY 305.03 million in the same period last year[38] - Cash inflow from financing activities totaled CNY 1.25 billion, an increase from CNY 1.05 billion in the previous year, marking a 19.5% growth[39] - Net cash flow from financing activities was CNY 11.48 million, recovering from a negative CNY 106.88 million in the same period last year[39] - The ending cash and cash equivalents balance was CNY 252.52 million, down from CNY 382.26 million year-over-year[39] - Total cash outflow for operating activities decreased to CNY 475.18 million from CNY 731.29 million, indicating improved cash management[38] - The company received CNY 2.65 million in tax refunds, up from CNY 1.90 million in the previous year, reflecting better tax recovery efforts[38] - The company reported a significant increase in cash received from other operating activities, rising to CNY 92.30 million from CNY 20.92 million, a 340% increase[38] Shareholder Information - The number of shareholders reached 39,736, with the largest shareholder holding 14.42% of the shares[10] - The company has committed to avoiding any future competition with its major shareholder, Jinzhichangshun Investment Development Co., Ltd., ensuring no conflicts in business operations[19] - The company has no plans for further shareholding increases by its major shareholder within the next 12 months, maintaining compliance with relevant regulations[21] Asset Restructuring - The company is involved in two major asset restructuring matters: acquiring 100% of Zhejiang Benbao Industrial Investment Co., Ltd. and selling 50% of its subsidiary Yantai Dadi Real Estate Development Co., Ltd.[15] - The acquisition of Zhejiang Benbao has received conditional approval from the China Securities Regulatory Commission as of September 21, 2015, but the formal approval document is still pending[15] - The sale of 50% equity in Yantai Dadi was formalized through agreements signed on July 30, August 27, and September 29, 2015, with the final asset transfer agreement signed on October 20, 2015[16] Current Assets - The company's cash and cash equivalents increased to approximately CNY 590.72 million from CNY 435.13 million at the beginning of the year, reflecting a growth of about 35.8%[25] - Accounts receivable decreased from CNY 61.37 million to CNY 51.64 million, a decline of approximately 15.5%[25] - Inventory levels slightly decreased from CNY 3.03 billion to CNY 2.99 billion, a reduction of about 1.3%[25] - The total current assets remained stable at ¥1,131,549,816.44, slightly up from ¥1,131,023,531.69[28]