SHLG(SH:600848)2014-10-27 16:00Financial Performance - Operating revenue decreased by 2.12% to CNY 788,592,967.37 for the year-to-date period[7] - Net profit attributable to shareholders decreased by 181.68% to CNY -4,518,108.48 for the year-to-date period[7] - The company reported a cumulative net profit warning due to decreased revenue and rising costs, with expectations of continued market challenges[17] - Total operating revenue for Q3 2014 was CNY 246.19 million, a decrease of 9.8% compared to CNY 272.92 million in Q3 2013[29] - Net profit for Q3 2014 was a loss of CNY 8.73 million, compared to a profit of CNY 0.40 million in Q3 2013[30] - Net profit for the first nine months of 2023 was a loss of CNY 4,236,846.94, compared to a profit of CNY 6,554,386.47 in the same period last year[33] - Total comprehensive income for Q3 2023 was a loss of CNY 8,554,632.12, compared to a gain of CNY 666,494.15 in Q3 2022[33] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -107,125,499.15, compared to CNY -80,571,020.68 in the same period last year[7] - Cash flow from operating activities decreased by 32.96% to -¥107,125,499.15, attributed to reduced cash receipts from sales and increased tax payments[13] - Cash flow from financing activities increased by 109.85% to ¥52,850,293.45 due to new borrowings[13] - Cash flow from financing activities generated a net inflow of CNY 52,850,293.45 in the first nine months of 2023, compared to a net inflow of CNY 25,184,226.41 in the previous year[36] - Cash inflow from financing activities rose significantly to ¥640,297,771.81, compared to ¥486,965,818.96 in the same period last year, indicating increased borrowing[38] - The ending cash and cash equivalents balance was ¥94,431,034.41, a decrease from ¥94,719,352.03 in the previous year[38] Assets and Liabilities - Total assets increased by 5.99% to CNY 1,891,374,265.28 compared to the end of the previous year[7] - Total current assets amounted to ¥1,112,598,751.03, up from ¥1,079,947,456.93 at the beginning of the year[21] - Total liabilities increased to ¥1,701,552,997.17 from ¥1,590,258,182.47, indicating higher financial obligations[23] - Total liabilities as of September 30, 2014, were CNY 1.71 billion, up from CNY 1.59 billion at the beginning of the year[26] - The company’s total equity decreased to CNY 193.26 million from CNY 197.42 million at the beginning of the year[26] Research and Development - Research and development expenses increased significantly by 10,258.27% to CNY 49,112,063.96 due to ongoing R&D projects[12] Shareholder Information - The number of shareholders reached 47,513, with 28,918 holding A shares and 18,595 holding B shares[10] - The top shareholder, Shanghai Electric Group, holds 26.50% of the shares, totaling 105,820,557 shares[10] Operational Efficiency - Operating tax and additional charges increased by 130.24% to ¥3,010,288.10 due to a decrease in input tax deductions[13] - The net profit margin for the year-to-date period was significantly impacted by increased tax payments and reduced cash receipts from sales[12] - Sales expenses for the first nine months of 2023 were CNY 56,185,181.61, slightly increasing from CNY 55,100,104.24 in the same period last year[33] - The company’s financial expenses increased to CNY 35,997,094.83 in the first nine months of 2023, compared to CNY 31,860,909.88 in the previous year[33] Inventory and Receivables - Accounts receivable increased to ¥619,850,743.79 from ¥504,872,355.64, indicating a rise in credit sales[21] - Inventory rose to ¥222,943,470.96 from ¥208,659,751.05, reflecting increased stock levels[21] - The company reported a decrease in inventory to CNY 222.77 million from CNY 208.49 million at the beginning of the year[25]