WINNERWAY(SZ:000573)2015-10-30 16:00Financial Performance - Net profit attributable to shareholders was CNY -23,669,866.04, a decline of 729.12% year-on-year[8] - The company reported a net profit attributable to shareholders of CNY -48,525,932.54 for the year-to-date, a decrease of 316.55% compared to the same period last year[8] - Basic and diluted earnings per share were both CNY -0.0380, reflecting a decline of 733.33% year-on-year[8] - The total profit decreased by 288.73% to -¥50.85 million, primarily due to reduced real estate sales revenue and profit margins[16] - The company expects a cumulative net profit loss of between -10,000 and -8,000 thousand yuan for the year, representing a significant decrease of approximately 813.55% compared to the previous year[23] - Basic earnings per share are projected to be between -0.1606 and -0.1285 yuan, indicating a decline of about 813.77% year-over-year[23] Revenue and Operating Performance - Operating revenue fell by 71.05% to CNY 51,314,188.17 for the current period[8] - Operating revenue fell by 64.46% to ¥251.91 million, mainly due to a significant decrease in real estate sales revenue[15] - Operating costs decreased by 64.43% to ¥78.34 million, reflecting the drop in real estate sales revenue[15] - The real estate business is facing challenges due to a decrease in available saleable properties, leading to a substantial reduction in sales revenue compared to the previous year[24] - The coal market remains weak, with low coal prices impacting production and revenue, particularly at the coal mines involved in restructuring[24] Cash Flow and Assets - The net cash flow from operating activities increased by 376.85% to CNY 45,549,715.06 year-to-date[8] - The company reported a net cash flow from operating activities of ¥45.55 million, a turnaround from a negative cash flow of ¥16.45 million in the previous year[16] - Total assets decreased by 6.30% to CNY 3,112,692,888.94 compared to the end of the previous year[8] - Cash and cash equivalents decreased by 37.69% to ¥234.32 million due to repayment of bank loans[15] - Prepayments decreased by 66.96% to ¥8.21 million primarily due to reduced advance payments for real estate projects[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 74,170[11] - Guangdong Hongyuan Group Co., Ltd. held 16.52% of shares, amounting to 102,856,241 shares, with a pledge on 102,820,000 shares[11] - The company has committed to not reducing its shareholdings in the next six months starting from July 8, 2015[22] - The company plans to purchase an additional 150,000 shares within 20 trading days starting from July 9, 2015, and will not reduce its holdings for six months after the purchase[22] Legal and Compliance Issues - The company has initiated legal proceedings against partners for non-compliance in transferring coal mine operations, which is affecting the integration process[24] - There are no violations regarding external guarantees or non-operational fund occupation by major shareholders during the reporting period[29][30] Investment and Financial Activities - Investment income increased by 758.13% to ¥2.70 million, primarily from the transfer of equity in Yong'an Coal Mine[16] - The company withdrew its application for corporate bond issuance due to adverse market conditions and a decline in operating performance[20] - The company has not engaged in any securities or derivative investments during the reporting period[25][27] Operational Changes - The company completed the coal mine consolidation by closing the Kongjiagou Coal Mine, aligning with the "one-to-one reduction" policy[18] - The company sold the mining rights and 100% equity of Yong'an Coal Mine for ¥30 million, aiding in the coal mine group consolidation[19] - The company’s financial expenses increased by 42.58% to ¥38.30 million due to higher interest expenses[16]