Luxin Co.,(SH:600783)2015-10-30 16:00Financial Performance - Net profit attributable to shareholders decreased by 28.04% to CNY 229,593,920.55 for the year-to-date period[7] - Operating revenue for the year-to-date period decreased by 14.68% to CNY 139,505,618.65 compared to the same period last year[7] - Basic earnings per share decreased by 27.91% to CNY 0.31[7] - Comprehensive income decreased by 44.51% to RMB 260,502,010.32 from RMB 469,492,624.24, primarily due to a decrease in the fair value of available-for-sale financial assets[12] - The total operating profit for Q3 2015 was 6,715,824.79 CNY, compared to 197,106,179.87 CNY in the same period last year, indicating a significant decline[25] - The net profit attributable to shareholders for Q3 2015 was 5,663,177.83 CNY, down from 142,062,255.31 CNY year-over-year[25] - The total comprehensive income for Q3 2015 was -23,467,759.02 CNY, contrasting with 240,517,750.21 CNY in Q3 2014[26] - Basic and diluted earnings per share for Q3 2015 were both 0.01 CNY, compared to 0.19 CNY in the same quarter last year[26] Cash Flow - The company reported a net cash flow from operating activities of -CNY 101,811,677.06 for the year-to-date period[7] - Cash flow from operating activities showed a net outflow of RMB 101,811,677.06, an increase in tax payments compared to the previous period[12] - The net cash flow from operating activities was -CNY 101,811,677.06, slightly worse than the previous year's -CNY 98,821,626.83[30] - The ending cash and cash equivalents balance was CNY 114,676,806.47, down from CNY 521,799,322.44, a decrease of approximately 78.0%[31] - The company experienced a net cash decrease of CNY 7,265,731.68 for the period, compared to a net decrease of CNY 40,711,809.57 in the previous year[33] Assets and Liabilities - Total assets increased by 1.6% to CNY 5,139,134,942.41 compared to the end of the previous year[7] - The company's current assets totaled CNY 1,153,943,836.59, up from CNY 1,025,699,730.85 at the start of the year, indicating a growth of approximately 12.5%[19] - Non-current assets decreased slightly to CNY 3,985,191,105.82 from CNY 4,032,579,258.49, reflecting a decline of about 1.2%[19] - The total liabilities of the company were CNY 1,617,364,584.38, down from CNY 1,645,333,955.28, showing a reduction of approximately 1.7%[20] - The company's equity attributable to shareholders increased to CNY 3,372,304,192.39 from CNY 3,277,865,013.89, representing a growth of about 2.9%[20] Investment Activities - The company plans to enhance its investment in projects, particularly in the abrasive factory project, which saw an increase of 150.53% in construction in progress to RMB 22,301,480.91[11] - Investment cash flow net amount decreased by 43.21% to RMB 144,683,355.33 from RMB 254,766,550.34, attributed to reduced investment payments[12] - Investment income for the period was CNY 34,070,406.42, significantly lower than CNY 235,423,248.92 from the previous year[24] - The company reported a significant increase in cash received from investment income, totaling CNY 160,000,000.00, compared to CNY 83,000,000.00 in the previous year, marking a growth of about 93.4%[32] Shareholder Information - The total number of shareholders reached 34,694[9] - The largest shareholder, Shandong Lixin Investment Holding Group Co., Ltd., holds 68.53% of the shares[9] - The company committed to not reducing its shareholding in Lushin Venture Investment for six months starting from July 9, 2015[16] - Lushin Group plans to increase its shareholding in the company by no less than CNY 50 million within six months starting from July 10, 2015[16] Operational Costs - Total operating costs were CNY 71,057,364.61, a decrease of 23.8% compared to CNY 93,355,451.12 in the previous year[24] - The operating costs for the first nine months of 2015 were 71,993,363.97 CNY, compared to 80,791,032.58 CNY in the same period last year, showing a decrease[27] - The company experienced a significant increase in management expenses, which rose to 18,301,518.64 CNY for the first nine months of 2015, compared to 15,581,779.19 CNY in the same period last year[27]