Chunlan(SH:600854)2015-10-30 16:00Financial Performance - Operating revenue for the first nine months dropped by 52.23% to CNY 186,502,241.13 year-on-year[5] - Net profit attributable to shareholders decreased by 168.84% to a loss of CNY 8,464,405.65 for the first nine months[5] - Revenue for Q3 2015 was ¥186.50 million, a decrease of 52.23% compared to ¥390.39 million in the same period last year[15] - Net profit attributable to the parent company was CNY -28,721,394.39 for the third quarter, compared to CNY -22,514,992.74 in the same period last year[29] - The company reported a gross loss of CNY 34,521,144.31 for the third quarter, compared to a loss of CNY 25,278,213.09 in the previous year[29] - Net profit for Q3 2015 was -¥46,138,219.46, compared to a profit of ¥31,276,116.11 in Q3 2014, indicating a significant decline[32] - Operating profit for Q3 2015 was -¥56,195,285.90, a decrease from a profit of ¥40,311,851.41 in Q3 2014[32] - The company reported a total comprehensive loss of CNY 35,346,647.28 for the third quarter, compared to a loss of CNY 26,837,130.70 in the same period last year[29] Cash Flow and Liquidity - Cash flow from operating activities showed a significant decline of 1,072.32% to a net outflow of CNY 85,295,265.57[5] - Net cash flow from operating activities was negative at ¥85.30 million, a decline of 1072.32% compared to a positive cash flow of ¥8.77 million in the previous year[15] - Cash and cash equivalents decreased significantly to CNY 5,499,980.62 from CNY 32,280,306.58 at the beginning of the year, a decline of approximately 83.0%[26] - The total cash and cash equivalents at the end of Q3 2015 decreased to 10,090,244.11 RMB from 23,542,044.61 RMB at the end of Q3 2014, indicating liquidity challenges[36] - The company incurred a net cash outflow from operating activities of -93,008,164.96 RMB for the first nine months of 2015, worsening from -12,075,074.92 RMB in the same period last year[38] Assets and Liabilities - Total assets decreased by 6.31% to CNY 2,412,098,929.76 compared to the end of the previous year[5] - Total assets as of September 30, 2015, were ¥2.41 billion, down from ¥2.57 billion at the beginning of the year[23] - Current assets totaled ¥1.09 billion, a decrease from ¥1.21 billion at the start of the year[23] - Total current assets decreased to CNY 1,010,230,647.46 from CNY 1,092,355,615.10, reflecting a decline of approximately 7.5%[26] - Total liabilities decreased to CNY 322,183,948.86 from CNY 353,877,290.50, representing a reduction of about 9.0%[27] Shareholder Information - The total number of shareholders reached 42,700 at the end of the reporting period[11] - The largest shareholder, Chunlan Group, holds 25.34% of the shares[11] - The company’s major shareholders have committed to not reducing their holdings for a period of twelve months starting from July 9, 2015[17] Investment Activities - Net cash flow from investing activities increased significantly by 541.23% to ¥18.95 million, primarily due to dividends received from invested entities[15] - The net cash flow from investment activities for the first nine months of 2015 was 33,524,906.37 RMB, compared to 17,358,704.88 RMB in the previous year, indicating a positive trend in investment returns[38] Borrowings and Financial Costs - Short-term borrowings increased by 164.31% to CNY 42,290,000.00 compared to the beginning of the period[14] - The company received 52,990,000.00 RMB in borrowings during Q3 2015, indicating reliance on debt financing[36] - The company paid 6,708,071.89 RMB in dividends and interest during Q3 2015, down from 11,364,708.52 RMB in the same period last year, reflecting a tighter cash position[36]