XCEC(SH:600777)2016-10-28 16:00Financial Performance - Operating revenue decreased by 48.16% to CNY 158,464,326.30 for the first nine months compared to the same period last year[8] - Net profit attributable to shareholders was CNY -71,201,867.75, showing a slight deterioration from CNY -70,256,511.10 in the previous year[8] - The company's net profit for the year is projected to be a loss or show significant changes compared to the previous year, with no specific figures provided[30] - Total revenue for Q3 2016 was CNY 59,402,080.75, a decrease of 52.5% compared to CNY 124,827,879.64 in Q3 2015[40] - Net loss for Q3 2016 was CNY 42,657,755.11, compared to a net loss of CNY 26,778,112.65 in Q3 2015[40] - The company reported a total comprehensive loss of CNY 62,427,516.80 for the third quarter, compared to a loss of CNY 21,431,169.75 in the same period last year[44] - The operating profit (loss) for the third quarter was reported at CNY -79,348,364.01, worsening from CNY -30,912,301.53 in the previous year[44] - The company's gross profit margin for the first nine months of 2016 was negative, reflecting ongoing challenges in profitability[40] Assets and Liabilities - Total assets increased by 20.67% to CNY 6,251,476,692.03 compared to the end of the previous year[8] - The company's total liabilities decreased from CNY 1,710,840,748.44 to CNY 773,809,438.73, a reduction of about 54.7%[34] - The total current liabilities decreased significantly from CNY 1,670,063,891.52 to CNY 730,429,061.95, a reduction of about 56.3%[34] - The company's equity attributable to shareholders rose to CNY 5,477,667,253.30 from CNY 3,447,010,457.42, marking an increase of approximately 58.8%[34] - The company’s non-current assets totaled CNY 3,480,139,845.54, up from CNY 3,313,598,844.97, indicating a growth of about 5.0%[33] Cash Flow - Net cash flow from operating activities was negative at CNY -66,975,898.79, a decrease of 202.38% compared to the same period last year[8] - The cash flow from operating activities was primarily impacted by a total outflow of 177,136,060.33 CNY, compared to 94,894,050.41 CNY last year[49] - The total net cash flow from operating activities was negative at CNY -66,975,898.79, contrasting with a positive cash flow of CNY 65,419,094.57 in the previous year[46] - The net cash flow from investing activities was -1,642,855,789.48 CNY, indicating a significant outflow compared to the previous period[47] - The net cash flow from financing activities was 2,227,184,016.35 CNY, showing a strong inflow compared to the previous period's 11,477,658.17 CNY[47] Shareholder Information - The total number of shareholders reached 53,372 at the end of the reporting period[10] - The top shareholder, Shenzhen Jinzhi Changsong Investment Co., Ltd., held 103,042,198 shares, accounting for 9.67% of the total shares[10] - The major shareholder, Jin Zhichang, completed a share buyback plan, acquiring 47,998,442 shares for a total of CNY 800,011,286.70[28] - The first major shareholder, Shenzhen Jinchang Shun, has committed to not transferring any shares for 12 months post-restructuring completion[22] Restructuring and Investments - The company is in the process of a major asset restructuring, planning to acquire 100% of the equity of Ningbo Dingliang Huitong for a transaction amount of 8.166 billion RMB[16] - The company completed the fundraising of 2.1 billion RMB for the acquisition of 100% equity of Blue Whale Energy North America Corp[17] - The major asset restructuring involves the acquisition of 100% equity of Zhejiang Benbao and the corresponding fundraising efforts[22] - Liu Zhicheng, the actual controller, has pledged to invest CNY 1.05 billion in subscribing to new shares for the acquisition of Zhejiang Benbao[22] - The company has committed to avoiding any business activities that may lead to competition with Zhejiang Benbao post-acquisition[25] Other Financial Metrics - Basic and diluted earnings per share were both CNY -0.08, compared to CNY -0.11 in the previous year[8] - The weighted average return on net assets improved by 4.25 percentage points to -1.90% compared to the same period last year[8] - The capital reserve increased by 74.77% compared to the beginning of the period, mainly due to the implementation of a targeted issuance of shares[13] - Deferred income tax assets increased by 35.20% compared to the beginning of the period, mainly due to the recognition of deferred tax assets for recoverable losses[12] - Other comprehensive income increased by 189.17% compared to the beginning of the period, mainly due to an increase in foreign currency translation differences[13]