Jinhong (SZ:000669)2018-10-30 16:00Financial Performance - Operating revenue increased by 48.88% to CNY 1,002,593,233.70 for the current period compared to the same period last year[8] - Net profit attributable to shareholders was a loss of CNY 11,581,093.06, a decrease of 158.87% year-on-year[8] - Basic earnings per share were -CNY 0.02, a decrease of 166.67% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -CNY 13,951,151.58, a decrease of 222.90% year-on-year[8] - The weighted average return on equity was -0.28%, down from -0.76% at the end of the previous year[8] - Operating revenue rose by 32.05% to ¥3.05 billion, driven by increased business volume[16] - Operating costs increased by 46.12% to ¥2.47 billion, mainly due to higher business volume and depreciation[16] - Investment income surged by 166.25% to ¥129.27 million, resulting from the sale of equity in joint ventures[16] Cash Flow and Assets - Total assets decreased by 4.49% to CNY 12,701,788,391.35 compared to the end of the previous year[8] - Net cash flow from operating activities increased by 365.06% to CNY 628,664,670.00 year-to-date[8] - Cash and cash equivalents decreased by 83.91% to ¥132.51 million due to repayment of loans and short-term financing[16] - Accounts receivable dropped by 88.47% to ¥12.89 million primarily due to the maturity of notes[16] - Inventory increased by 62.67% to ¥132.27 million, attributed to increased stock and environmental project construction[16] Shareholder Information - The total number of shareholders at the end of the reporting period was 43,706[12] - The largest shareholder, New Energy International Investment Co., Ltd., holds 21.50% of the shares, totaling 146,299,144 shares[12] Debt and Legal Issues - The company is actively working to resolve debt issues related to its bonds, with a repayment plan approved by the board[21] - The company has a legal dispute with Jiangsu Zhongcai Environmental Technology Co., Ltd. regarding a share transfer agreement, with a performance commitment of a cumulative net profit of no less than 240 million yuan from 2015 to 2017[22] - The company is seeking compensation for 7,616,786 shares due to the failure to meet the performance commitment, with the court freezing 5,138,573 shares held by the defendant[22] Corporate Actions - The company plans to repay outstanding "convertible bonds" with funds recovered from the sale of shares, totaling ¥70.87 million[17] - The company terminated the planned acquisition of Asia Natural Gas Energy Co., Ltd., stating it would not adversely affect current operations[20] Compliance and Governance - The company has not reported any overdue commitments from actual controllers, shareholders, or related parties during the reporting period[25] - There are no significant changes expected in the cumulative net profit for the year compared to the same period last year[26] - The company has not engaged in any securities investments during the reporting period[27] - There are no derivative investments reported during the reporting period[29] - There are no instances of non-compliant external guarantees during the reporting period[31] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[32] Communication and Research - The company conducted multiple telephone communications with individuals for research and inquiries during the reporting period[30]