2015-10-29 16:00Financial Performance - Net profit attributable to shareholders was CNY -82,464,282.27, a decline of 191.07% year-on-year[7] - Operating revenue for the first nine months was CNY 840,204,906.09, down 44.55% from CNY 1,515,179,387.53 in the same period last year[7] - Basic and diluted earnings per share were both CNY -0.20, a decrease of 195.24% compared to CNY 0.21 in the previous year[8] - The weighted average return on equity decreased by 20.06% to -9.39%[7] - The company reported a net loss of CNY 100,210,784.83 after deducting non-recurring gains and losses[7] - Net profit decreased by 236.25% to -¥119,555,593.59, primarily due to a reduction in total profit[15] - The total profit for Q3 2015 was a loss of CNY 52,040,802.39, compared to a profit of CNY 67,331,171.94 in the same quarter last year[34] - The total comprehensive income for Q3 2015 was a loss of CNY 50,832,655.89, compared to a gain of CNY 69,175,021.07 in Q3 2014[35] Cash Flow - The net cash flow from operating activities was CNY 88,319,600.89, a significant recovery from CNY -29,576,775.80 in the previous year[7] - The company experienced a 119.43% decrease in net cash flow from investing activities to -¥32,679,135.04, influenced by cash received from the disposal of subsidiaries in the previous year[15] - Cash inflow from operating activities totaled $1,211,725.67, a decrease from $2,951,472.79 year-over-year[43] - Cash outflow from operating activities was $5,329,838.69, down from $6,491,275.50 in the previous year, reflecting a reduction of about 17.9%[43] - The total cash and cash equivalents at the end of the period stood at $6,656,039.55, down from $12,768,556.42 year-over-year, representing a decrease of approximately 47.9%[44] Assets and Liabilities - Total assets decreased by 6.99% to CNY 2,332,478,888.18 compared to the end of the previous year[7] - Total current assets decreased from CNY 1,239,660,991.23 at the beginning of the year to CNY 1,046,984,111.17, a decline of approximately 15.5%[28] - Total liabilities decreased from CNY 1,063,124,025.30 to CNY 1,005,354,826.30, a reduction of approximately 5.4%[29] - The company's equity attributable to shareholders decreased from CNY 919,530,631.51 to CNY 838,023,472.52, a decrease of approximately 8.9%[29] - Cash and cash equivalents decreased by 37.85% to ¥101,907,988.16 due to reduced cash received from sales[14] Operational Changes - The company has not disclosed any new product developments or market expansion strategies in this report[7] - There were no significant mergers or acquisitions reported during this period[7] - The company is in the process of a major asset restructuring, with a framework agreement signed with Beijing Jingcheng Electromechanical Holding Co., Ltd.[16] - The company plans to disclose progress on the major asset restructuring every five trading days during the suspension period[16] Commitments and Responsibilities - The company has committed to maintaining the independence of its operations post-restructuring, ensuring no improper benefits from related transactions[18] - The company has committed to fully compensate Tianhai Industrial for any losses incurred during relocation due to property lease issues[21] - The company has acknowledged existing defects in the assets to be disposed of and will bear any losses or legal responsibilities arising from these defects[22] - The company has committed to ensure that any losses from asset defects will not lead to claims against Beiying Co.[21] - The company has not faced any claims or losses due to the restructuring process as of the latest disclosure[23]