HAGG(SH:601177)2016-10-26 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 6,508,775.36, an increase of 121.83% compared to a net loss of CNY 29,815,595.72 in the same period last year[6] - Basic earnings per share increased to CNY 0.0163 from a loss of CNY 0.0745, representing a 121.88% improvement[7] - The net profit after deducting non-recurring gains and losses was CNY -51,913,467.33, a decrease of 17.95% compared to CNY -44,014,018.88 in the same period last year[6] - Operating revenue for the period was CNY 1,122,843,214.85, down 2.44% from CNY 1,150,963,229.26 in the same period last year[6] - Total operating revenue for Q3 2016 was CNY 348,767,156.94, an increase of 7.2% compared to CNY 324,049,943.04 in Q3 2015[25] - Operating profit for Q3 2016 was CNY -9,317,110.55, an improvement from CNY -46,569,523.60 in Q3 2015[26] - Net profit for Q3 2016 was a loss of ¥6.47 million, compared to a loss of ¥37.79 million in the same period last year[31] - The company reported a total comprehensive income of ¥3.45 million for Q3 2016, a significant decrease from a loss of ¥39.11 million in Q3 2015[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,885,497,665.17, a decrease of 2.39% compared to the end of the previous year[6] - Total assets decreased from ¥3,980,553,266.83 to ¥3,885,497,665.17, reflecting a reduction in both current and non-current assets[18] - Total liabilities decreased from ¥2,254,536,059.56 to ¥2,148,635,008.43, indicating improved financial stability[19] - Total liabilities as of Q3 2016 were CNY 2,030,021,039.78, down from CNY 2,076,060,388.44 in Q2 2016[22] - The company reported a total equity of CNY 1,544,149,465.39, an increase from CNY 1,531,890,736.91 in Q2 2016[22] Cash Flow - The net cash flow from operating activities was CNY -46,736,401.25, a decrease of 0.61% compared to CNY -46,451,274.16 in the same period last year[6] - Cash inflow from sales of goods and services for the period reached ¥1,119,360,947.82, a slight increase of 1.1% compared to ¥1,106,435,979.57 in the same period last year[34] - Cash inflow from investment activities totaled ¥362,277,420.83, significantly up from ¥114,364,330.48 in the previous year, marking an increase of 216.5%[35] - The net cash flow from investment activities improved to ¥101,105,242.25 from -¥4,052,776.95, indicating a positive turnaround[35] - The net cash flow from financing activities was -¥70,513,423.67, contrasting with a positive net flow of ¥46,504,665.69 in the previous year[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 20,072[9] - The largest shareholder, Hangzhou Xiaoshan State-owned Assets Management Co., held 180,056,250 shares, accounting for 45.01% of the total shares[10] Government Subsidies and Other Income - The company received government subsidies totaling CNY 15,801,762.61, primarily for local government financial rewards and technological transformation funding[8] - Other comprehensive income increased by 64.80% to ¥9,190,680.89, mainly due to the rise in other comprehensive income from the equity investment in Xiaoshan Rural Commercial Bank[12] - Investment income surged by 178.71% to ¥77,485,095.13 due to the completion of equity transfers for Hangwei Ke gearbox and transmission[14] Asset Management - Other current assets decreased by 99.48% to ¥402,430.16 due to the maturity and recovery of financial products[12] - Investment properties increased by 154.47% to ¥996,116.36 as a result of converting idle properties into rental[12] - Other non-current assets rose by 85.33% to ¥3,407,146.96 primarily due to an increase in prepaid software expenses[12] - Prepayments decreased by 41.77% to ¥33,510,294.38 as revenue was recognized from previously received customer payments[12] Operational Costs - Total operating costs for Q3 2016 were CNY 368,259,345.97, a decrease of 2.2% from CNY 379,107,615.64 in Q3 2015[26] - Operating costs for Q3 2016 were approximately ¥240.34 million, down from ¥242.92 million in Q3 2015[29] - The company incurred asset impairment losses of ¥3.4 million in Q3 2016, a decrease from ¥24.58 million in Q3 2015[29]