ZJR(SZ:002021)2015-10-28 16:00Financial Performance - Net profit attributable to shareholders was CNY -40,304,359.20, a decrease of 12.32% year-on-year[6]. - Operating revenue fell by 44.62% to CNY 140,935,305.38 for the current period[6]. - Basic earnings per share were CNY -0.06, down 20% year-on-year[6]. - The company reported a significant increase in net profit attributable to shareholders for the year-to-date period, up 498.06% to CNY -89,320,398.51[6]. - The net profit for the period was a loss of CNY 42,961,751.82, compared to a loss of CNY 37,289,749.53 in the same period last year[36]. - Net profit for the current period was -¥92,505,628.33, compared to -¥19,460,351.55 in the previous period, indicating a significant increase in losses[43]. - The company reported an operating loss of -¥100,590,229.70, compared to an operating loss of -¥28,314,918.25 in the previous period[43]. Cash Flow - The net cash flow from operating activities was CNY -296,486,387.21, a decline of 663.16% compared to the same period last year[6]. - Cash inflow from operating activities totaled CNY 725,566,755.32, while cash outflow amounted to CNY 1,022,053,142.53, resulting in a net cash flow of -CNY 296,486,387.21 for the quarter[49]. - The company reported cash inflow from investment activities of CNY 58,265,051.74 and cash outflow of CNY 79,483,346.65, leading to a net cash flow of -CNY 21,218,294.91[50]. - Financing activities generated cash inflow of CNY 299,058,800.78, with cash outflow of CNY 330,200,392.52, resulting in a net cash flow of -CNY 31,141,591.74[50]. - The net increase in cash and cash equivalents for the quarter was -CNY 341,421,976.02, indicating a challenging liquidity position[50]. Assets and Liabilities - Total assets decreased by 53.99% to CNY 1,877,859,966.85 compared to the end of the previous year[6]. - The company's cash and cash equivalents decreased by 87.73% to ¥150,353,992.15, primarily due to the divestiture of equity in Zhonghui Futures and other subsidiaries[15]. - Total current assets decreased from 3,175,066,549.33 yuan at the beginning of the period to 949,520,277.66 yuan at the end of the period[27]. - Total liabilities decreased significantly, with accounts payable down by 34.19% to ¥125,431,752.15, reflecting reduced sales and procurement[15]. - Total liabilities decreased from 2,538,128,644.83 yuan to 509,461,465.43 yuan, indicating a significant reduction in financial obligations[29]. - The equity attributable to shareholders decreased from 1,429,975,451.26 yuan to 1,337,135,364.65 yuan, indicating a decline in shareholder value[30]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 50,387[10]. - The largest shareholder, Zhejiang Zhongjie Huanzhou Supply Chain Group Co., Ltd., held 17.45% of shares, totaling 120,000,000 shares[10]. Impairment and Expenses - The company recorded an asset impairment loss of CNY 8,357,336.18, contrasting with a gain of CNY 4,678,058.16 in the prior period[36]. - The company experienced a significant increase in asset impairment losses, reporting ¥18,216,262.28 compared to -¥278,159.06 in the previous period[41]. - The company reported a decrease in management expenses to CNY 33,527,848.05 from CNY 61,064,516.43 year-over-year[36]. - The company’s sales expenses decreased to ¥54,668,539.38 from ¥90,909,590.87 in the previous period, reflecting cost-cutting measures[41]. Future Outlook - The company expects a net loss for 2015, with projected net profit ranging from -400,90,000 to -399,39,000 yuan, a significant decline from the previous year's profit of 3,015,600 yuan[20]. - The decline in performance is attributed to a decrease in sales scale and prices in the sewing machinery industry, leading to a substantial drop in revenue and gross margin compared to the previous year[20]. - The company plans to dissolve and liquidate some subsidiaries as part of its transformation towards organic agriculture, resulting in significant asset impairment losses and provisions for asset impairment[20].