NSU(SZ:002089)2016-10-26 16:00Financial Performance - Operating revenue for the reporting period was ¥387,748,720.71, a decrease of 20.68% year-on-year, while year-to-date revenue increased by 34.90% to ¥1,699,695,874.37[7] - Net profit attributable to shareholders was ¥24,510,273.75, down 27.53% from the same period last year, with a year-to-date net profit of ¥63,776,324.09, a decline of 46.54%[7] - Basic earnings per share for the reporting period were ¥0.0357, a decrease of 27.44%, with year-to-date earnings per share at ¥0.0928, down 46.54%[7] - The company reported a total profit of ¥121,690,375.02, compared to ¥135,963,103.93 in the previous period, reflecting a decrease of 10.5%[66] - Net profit for Q3 2016 was CNY 20.02 million, a decline of 55.7% from CNY 45.23 million in the previous year[59] - The net profit attributable to shareholders of the parent company was CNY 24.51 million, compared to CNY 33.82 million in the same quarter last year, representing a decrease of 27.5%[59] Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,007,380,689.11, an increase of 2.61% compared to the previous year[7] - Total liabilities increased to CNY 2,926,213,346.81 from CNY 2,878,929,414.68, an increase of approximately 1.6%[51] - The company's equity attributable to shareholders rose to CNY 1,933,173,292.34 from CNY 1,886,580,338.46, a growth of about 2.5%[52] - Current assets decreased to CNY 2,416,086,782.57 from CNY 2,654,583,189.36, a decline of about 9.0%[49] - Total non-current assets increased to CNY 2,591,293,906.54 from CNY 2,225,409,390.51, reflecting a growth of approximately 16.4%[50] Cash Flow - The company reported a net cash flow from operating activities of -¥106,148,267.91, representing a decline of 145.13% year-to-date[7] - The net cash flow from operating activities was -106,148,267.91 CNY, a decrease from 235,191,629.09 CNY in the previous period, indicating a significant decline in operational performance[72] - Total cash inflow from operating activities was 1,221,528,186.53 CNY, down 25.7% from 1,645,387,945.58 CNY in the prior period[72] - The net cash flow from investing activities was -369,001,093.51 CNY, an improvement from -556,545,869.08 CNY in the last period[73] - The ending cash and cash equivalents balance was 493,941,157.59 CNY, an increase from 368,145,070.37 CNY in the prior period[73] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 52,753[11] - The largest shareholder, Zhang Yibin, holds 18.05% of the shares, with 93,051,037 shares pledged[11] - The second-largest shareholder, Ma Lingzhi, owns 16.46% of the shares, with 84,862,440 shares pledged[11] - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[12] Investments and Acquisitions - The company decided to terminate the plan to issue shares and pay cash for asset acquisition, opting instead to increase capital by RMB 200 million to acquire a 20% stake in Jiangxi Dibike Co., Ltd.[29] - The company plans to acquire 20,812,500 shares of Shaanxi Tongjia Automobile Co., Ltd. and intends to increase capital by RMB 200 million at a price of RMB 1.6 per share[31] - The company applied for a merger loan of RMB 399.75 million from the Industrial and Commercial Bank of China, which was approved in late September 2016[33] - The company’s subsidiary signed a financing lease contract for RMB 198.40 million with Haitong Hengxin International Leasing Co., Ltd.[34] Operational Highlights - Operating costs increased by 49,818.62 million yuan, a growth of 53.06%, attributed to a significant rise in sales orders[21] - The company reported an increase in investment income of 3,800.90 million yuan, a growth of 198.55%, due to higher dividends from invested entities[21] - The company incurred asset impairment losses of ¥16,845,281.15, compared to a gain of ¥756,678.82 in the previous period[65] - The company plans to focus on market expansion and new product development to drive future growth[58]