2016-10-21 16:00Financial Performance - Operating revenue for the first nine months was ¥23.64 billion, a decrease of 9.08% year-on-year[6]. - Net profit attributable to shareholders was -¥1.08 billion, a decline of 585.14% compared to the same period last year[6]. - Basic and diluted earnings per share were both -¥0.46, a decrease of 518.18% compared to the previous year[6]. - The company's operating revenue decreased by 9.08% year-on-year, amounting to ¥23,639,712,787.11 compared to ¥26,000,799,898.45 in the previous year[13]. - The net profit attributable to the parent company's owners plummeted by 532.82% year-on-year, resulting in a loss of ¥1,064,939,530.95 compared to a profit of ¥246,045,531.97 in the previous year[15]. - Operating profit turned negative at RMB -1.11 billion, compared to a profit of RMB 334.35 million in the previous year[34]. - Net profit for the period was RMB -1.05 billion, a significant decline from a profit of RMB 264.43 million in the same period last year[34]. Cash Flow - Cash flow from operating activities for the first nine months was ¥5.47 billion, a significant increase from -¥190 million in the previous year[6]. - The net cash flow from operating activities increased by 2977.28% year-on-year, reaching ¥5,467,564,487.74, mainly due to reduced payments for goods[17]. - Net cash flow from operating activities was CNY 5,467,564,487.74, a significant improvement from a negative cash flow of CNY -190,025,199.59 in the same period last year[38]. - Cash inflow from operating activities for the parent company was CNY 12,251,062,819.89, an increase from CNY 11,298,814,129.95 in the previous period[40]. - The net cash flow for the parent company was CNY 1,669,451,267.70, a recovery from a negative cash flow of CNY -1,040,457,028.93 in the same period last year[40]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥87.39 billion, an increase of 1.46% compared to the end of the previous year[6]. - Current liabilities totaled RMB 61.54 billion, an increase from RMB 59.48 billion at the beginning of the year, reflecting a growth of approximately 3%[28]. - Total liabilities amounted to RMB 64.60 billion, up from RMB 62.16 billion, reflecting an increase of approximately 3.9%[28]. - Shareholders' equity decreased to RMB 22.79 billion from RMB 23.98 billion, a decline of about 5%[28]. - The company's retained earnings decreased to RMB 9.95 billion from RMB 11.16 billion, a drop of approximately 10.9%[28]. Orders and Production - The company produced 21.33 million kilowatts of power generation equipment in the first three quarters, a decrease of 12.1% year-on-year[12]. - New orders in the first three quarters totaled ¥34 billion, with export projects accounting for ¥3.7 billion, representing 10.9% of total new orders[12]. - High-efficiency clean energy projects made up 63% of new orders, while renewable energy accounted for 9%[12]. Expenses - Sales expenses increased by 35.11% year-on-year, reaching ¥692,021,684.24, primarily due to higher after-sales service fees related to increased wind power product revenue[13]. - Financial expenses decreased by 37.63% year-on-year, totaling -¥356,050,992.57, attributed to reduced interest expenses from loan repayments and increased foreign exchange gains[13]. - Asset impairment losses surged by 150% year-on-year, amounting to ¥1,105,764,456.75, due to difficulties in collecting receivables and aging accounts receivable[13]. - Management expenses also increased to RMB 2.29 billion from RMB 2.17 billion, showing a growth of 5.6%[34]. Investment Activities - The net cash flow from investing activities decreased by 38.50% year-on-year, totaling -¥315,245,869.19, primarily due to reduced proceeds from stock sales[18]. - Total cash outflow from investing activities was CNY 328,723,827.70, slightly decreased from CNY 339,242,904.25 in the previous period[38]. - Net cash flow from investing activities was CNY -315,245,869.19, worsening from CNY -227,618,076.50 in the previous period[38].