LYG(SH:600876)2015-10-29 16:00Financial Performance - Net profit attributable to shareholders was CNY -155,016,545.65, a decrease of 2,238.02% year-on-year[6] - Operating revenue decreased by 6.99% to CNY 402,539,580.92 for the first nine months of the year[6] - The net cash flow from operating activities was CNY -89,069,803.49, compared to CNY -28,655,885.17 in the same period last year[6] - Basic and diluted earnings per share were both CNY -0.3100, a decrease of 2,237.93% year-on-year[6] - The company reported a net loss attributable to the parent company for Q3 2015 was ¥40,932,652.06, compared to a loss of ¥25,017,325.29 in Q3 2014[24] - The net profit for the first nine months of 2015 was a loss of ¥143,453.62, compared to a profit of ¥180,886,944.76 in the same period last year[27] - The total comprehensive income for the first nine months of 2015 was ¥1,987,285.20, down from ¥257,627,984.25 in the previous year[27] - The net profit margin for Q3 2015 was -45.5%, compared to -15.9% in Q3 2014, indicating a significant decline in profitability[24] Assets and Liabilities - Total assets increased by 10.06% to CNY 1,163,430,018.81 compared to the end of the previous year[6] - The total liabilities of the company were CNY 1,346,263,695.15, compared to CNY 1,096,457,235.78 at the beginning of the year, reflecting an increase of about 22.8%[18] - The company's total equity was reported at -CNY 182,833,676.34, a decline from -CNY 39,389,515.95 at the start of the year, indicating a worsening financial position[18] - Total assets increased to ¥1,051,132,895.39 in Q3 2015 from ¥894,837,493.32 in Q3 2014, representing a growth of 17.5%[21] - Total liabilities rose to ¥926,378,841.32 in Q3 2015, up from ¥772,070,724.45 in Q3 2014, indicating an increase of 19.9%[21] - Current assets totaled ¥936,458,589.77 in Q3 2015, compared to ¥782,005,675.69 in Q3 2014, reflecting a growth of 19.7%[21] Cash Flow - Cash and cash equivalents increased by 58.86% to ¥108,784,814.77 compared to ¥68,478,221.61 at the end of 2014[10] - The net cash flow from operating activities showed a net outflow of ¥89,069,803.49, worsening from a net outflow of ¥28,655,885.17 in the previous year[11] - Investment activities resulted in a net cash outflow of ¥11,795,226.12, a significant increase from the previous year's inflow of ¥35,101,404.33[11] - Financing activities generated a net cash inflow of ¥81,187,396.13, a notable increase compared to a net outflow of ¥25,273,531.17 in the prior period[11] - The cash flow from operating activities for the first nine months of 2015 was a net outflow of ¥89,069,803.49, compared to a net outflow of ¥28,655,885.17 in the same period last year[29] - The investment activities generated a net cash outflow of ¥11,795,226.12 in the first nine months of 2015, compared to a net inflow of ¥35,101,404.33 in the same period last year[30] - The financing activities generated a net cash inflow of ¥81,187,396.13 in the first nine months of 2015, compared to a net outflow of ¥25,273,531.17 in the same period last year[30] Shareholder Information - The total number of shareholders was 75,116 at the end of the reporting period[8] - The largest shareholder, Hong Kong Central Clearing, held 49.7% of shares, totaling 248,508,802 shares[8] - The second-largest shareholder, China Luoyang Float Glass Group, held 31.8% of shares, totaling 159,018,242 shares[8] Inventory and Impairment - The company reported a 329.38% increase in asset impairment losses to ¥21,836,838.21, primarily due to increased inventory impairment[11] - The company reported a significant increase in inventory, with a balance of CNY 200,900,308.95 compared to CNY 211,781,486.51 at the beginning of the year[16] Business Restructuring - The company is undergoing a major asset restructuring, with approvals from relevant authorities received in August 2015[12] - The company has committed to assist in business and asset restructuring to eliminate competition among its subsidiaries over the next three years[14] - The company is in the process of divesting its float glass business, pending approval from the China Securities Regulatory Commission[14] - The company has committed to not engaging in competitive businesses and will notify of any potential conflicts to protect shareholder interests[13]