TIANMA(SZ:000050)2017-10-30 16:00Financial Performance - Total assets increased by 25.62% to CNY 27,234,113,375.03 compared to the end of the previous year[7]. - Operating revenue for the period reached CNY 3,896,894,240.38, a 40.03% increase year-on-year[7]. - Net profit attributable to shareholders surged by 170.53% to CNY 305,652,701.22 for the quarter[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 191.65% to CNY 186,033,192.14[7]. - Basic earnings per share rose by 170.72% to CNY 0.2182[7]. - The weighted average return on net assets increased by 1.31% to 2.14%[7]. - Cash flow from operating activities increased by CNY 1,713,101,085.56 to CNY 1,296,493,066.79 year-to-date[7]. Shareholder Information - The top ten shareholders hold a combined 48.78% of the shares, with the largest shareholder owning 20.81%[11]. Government Subsidies - The company received government subsidies amounting to CNY 369,146,003.53 during the reporting period[8]. - Deferred income rose by 90.21% to CNY 1,087,489,664.48, reflecting an increase in government subsidies received[16]. - Wuhan Tianma received government subsidies totaling RMB 450 million for research and development of new display technologies[27]. - The company received additional government subsidies of RMB 200 million for the LTPS AMOLED production line project, including RMB 20 million for production-related expenses and RMB 20 million for R&D[28]. - The company disclosed a government subsidy received by its wholly-owned subsidiary Wuhan Tianma, enhancing its financial position[41]. Financial Changes - Accounts receivable rose by 44.41% to CNY 2,839,879,143.90, attributed to increased sales revenue[16]. - Inventory increased by 38.72% to CNY 1,501,072,303.74, driven by the need for raw materials to meet shipping demands[16]. - The company reported a significant increase in short-term borrowings, totaling CNY 3,335,000,000.00, to supplement working capital[16]. - Cash paid for the acquisition of fixed assets surged by 329.21% to CNY 6,208,200,502.83, primarily due to investments in the 6th generation LTPS AMOLED production line project[21]. - The company received tax refunds amounting to CNY 443,688,282.64, a 46.65% increase from the previous year, mainly due to increased export tax rebates[21]. - Financial expenses skyrocketed by 1,131,035.10% to CNY 172,324,133.76, primarily due to increased borrowings and exchange rate fluctuations[19]. - The company reported a decrease in investment income, with a loss of CNY 3,844,618.37 compared to a profit of CNY 9,373,711.66 in the previous year[19]. Legal and Regulatory Matters - The company is currently involved in a legal dispute regarding CNY 60 million in government bonds, with CNY 14.53 million already recovered[24]. - The company provided a joint liability guarantee for its wholly-owned subsidiary Shanghai Tianma for bank loans amounting to RMB 25 million and RMB 20 million in January 2017[25][26]. - As of September 30, 2017, the total external guarantee balance was RMB 115 million, with no overdue guarantees[26]. - The company has been involved in a significant asset restructuring process since September 2016, leading to multiple trading suspensions[34][35]. - The company received a "No Further Review Notice" from the Ministry of Commerce regarding the acquisition of Xiamen Tianma Microelectronics Co., Ltd. and two other companies, allowing the transaction to proceed[37]. - The company announced the approval of its asset restructuring and financing plan by the State-owned Assets Supervision and Administration Commission, indicating a positive regulatory response[38]. - The company’s stock resumed trading on March 23, 2017, after the completion of necessary approvals related to its major asset restructuring[37]. - The company held a temporary shareholders' meeting on September 15, 2017, to approve the asset purchase and financing plan, reflecting shareholder support for the restructuring[39]. - The company has been consistently updating the market on the progress of its major asset restructuring every five trading days during the suspension period[36]. - The company’s board approved the draft of the asset purchase and financing report on August 23, 2017, indicating progress in the restructuring process[38]. - The company received a notice from the China Securities Regulatory Commission acknowledging the completeness of its application for asset purchase approval, marking a step forward in the regulatory process[39]. - The company’s restructuring plan is subject to final approval from the China Securities Regulatory Commission, highlighting the ongoing regulatory scrutiny[39]. Commitments and Compliance - The company reported no overdue commitments from actual controllers, shareholders, related parties, or acquirers during the reporting period[44]. - There is no significant change expected in the cumulative net profit for the year compared to the same period last year[45]. - The company did not engage in any securities investments during the reporting period[46]. - There were no derivative investments made by the company during the reporting period[47]. - The company has not conducted any poverty alleviation work in the third quarter and has no subsequent plans[51]. - The company has not reported any violations regarding external guarantees during the reporting period[49]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[50]. - The company conducted multiple institutional research and communication activities throughout the reporting period[48].