双环科技(000707) - 2016 Q3 - 季度财报

Financial Performance - Operating revenue for the current period was CNY 617,585,415.66, a decrease of 37.71% year-on-year[8] - Net profit attributable to shareholders was a loss of CNY 211,560,824.63, representing a significant decline of 17,818.12% year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 224,013,117.62, an increase of 12,864.23% year-on-year[8] - Basic earnings per share were -CNY 0.4558, a decrease of 17,630.77% year-on-year[8] - The weighted average return on net assets was -0.16%, a decline of 19,987.50% year-on-year[8] - Net profit for the period was a loss of ¥188,268,268.75, a decrease of 2,252% compared to a profit of ¥8,747,799.87 in the previous period, primarily due to increased production costs[15] Assets and Liabilities - Total assets decreased by 10.29% to CNY 9,942,047,008.87 compared to the end of the previous year[8] - Net assets attributable to shareholders decreased by 14.35% to CNY 1,229,715,558.15 compared to the end of the previous year[8] - Cash and cash equivalents decreased by 39% to ¥507,347,209.15 from ¥835,323,673.65, primarily due to a reduction in cash and acceptance bill deposits[15] - Accounts receivable increased by 119% to ¥85,589,051.69 from ¥39,085,135.60, mainly due to an increase in unpaid receivables at the end of the period[15] - The company reported an 851% increase in asset impairment losses to ¥58,667,994.75 from ¥6,167,697.37, primarily due to impairment provisions for long-term equity investments[15] - The company’s long-term payables increased by 49% to ¥1,435,839,217.10 from ¥960,658,183.34, mainly due to increased leasing liabilities[15] - The company’s prepayments decreased by 39% to ¥197,091,348.03 from ¥325,373,811.71, mainly due to controlled prepayments and timely invoice collection[15] - The company’s construction in progress increased by 83% to ¥697,369,007.62 from ¥380,164,244.29, primarily due to increased investment in technological upgrades[15] Cash Flow - The company reported a net cash flow from operating activities of CNY 209,400,133.65, an increase of 195.04% year-on-year[8] - Operating cash flow increased by 195% to ¥209,400,133.65 from ¥70,973,390.67, mainly due to reduced real estate development costs[15] - The net increase in cash and cash equivalents decreased by 65% to ¥112,007,209.15 from ¥318,494,361.73, primarily due to a reduction in cash and cash equivalents at the end of the period[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 45,603[11] - The largest shareholder, Hubei Shuanghuan Chemical Group Co., Ltd., held 25.11% of the shares[11] Tax and Charges - The company’s tax and additional charges increased by 249% to ¥71,010,366.66 from ¥20,360,028.68, mainly due to tax accruals from the real estate sector[15]